SUZUKI FAN

Maruti sees a drop in European exports but to explore new ones.

The last fiscal has been a stupendous one for the market leader, Maruti Suzuki in the Indian market as far as its domestic operations and exports are concerned, but the company is expecting a drop in its European exports.
The country’s largest car-maker, Maruti Suzuki, sees a 20-30 per cent decline in its sales in Europe in 2010 due to the stoppage of scrappage schemes, a top company official said.

“Our sales have declined at least 20-30 per cent in Europe in 2010 due to the cancellation of scrappage schemes. We hope demand will once more pick-up and we will export more cars to Europe. Europe is a good market for us,” Maruti Suzuki’s Managing Director and CEO, Shinzo Nakanishi, told reporters here.

The company has exported 120,000 units to Europe in 2009-2010, Nakanishi said.

Maruti to explore new export markets

Leading passenger carmaker Maruti Suzuki today said it would explore new overseas markets, including Australia, Hong Kong, Taiwan to export its various models of A2 segment.

“We will be now be looking at new overseas markets, including Australia, Hong Kong, Taiwan, Brunei, Nepal, SriLanka and South Africa to tap the export potential in these countries,” Company’s Chief General Manager R S Kalsi told reporters here today.

At present, the company’s export market is primarily concentrated in Europe, including France, UK, Germany, Italy, Netherlands.

Apart from this, Maruti also intends to widen the range of cars, which could be exported in potential markets. “We will also look at exporting Ritz, Estillo and even newly launched Wagon R to countries where the demand for these cars emerges,” he said.

Presently, A-star model has a major share in Company’s export portfolio, followed by Alto and Maruti-800, he said.

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