Maruti Suzuki Achieves 2 Million Vehicle Export Milestone From India

The country's largest carmaker India (MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports.

The auto major achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat.

"The company has been exporting vehicles for past 34 years much before India became a prominent player in the global automobile business.This early global exposure helped the company enhance its quality and attain global benchmarks," MSI MD and CEO Kenichi Ayukawa said in a statement.

The automaker currently exports 14 models comprising nearly 150 variants, to over 100 countries, he noted.

"Vehicles manufactured at our facilities in India have found high acceptance owing to global standards of quality, safety, design and technology," Ayukawa said.

Going forward, the company has aligned itself with the evolving needs of customers in African and Latin American nations, he noted.

"With a flurry of new models in pipeline, will attract customers in new segments to enable the companytoaccomplish bigger milestones at a much faster pace," Ayukawa said.

MSI commenced export of vehicles way back in 1986-87 and the first large consignment of 500 cars was shipped to Hungary in September 1987.

In 2012-13, the company achieved the milestone of one-million exports with more than 50 per cent of the shipments going to the developed markets in Europe.

The company achieved the subsequent million in over eight years with special focus on emerging markets in Latin America, Africa and Asia regions.

"With concerted efforts, the company has been able to gain sizeable share in markets like Chile, Indonesia, South Africa and Sri Lanka," the automaker said.

Models such as Alto, Baleno, Dzire and Swift have emerged as popular choices in these markets, it added.

In January this year, the company started production and export of Suzuki's celebrated compact off-roader Jimny from India.

With India as a production base for Jimny, Suzuki aims to leverage MSI's global production stature, the companysaid.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more