Maruti to roll out Nissan`s model in 2008-09

Maruti Udyog announced that it would start rolling out the export model for Japanese car maker, Nissan in 2008-09 as part of the agreement its parent, Suzuki entered with the latter for contract manufacturing in India.

Japanese automobile majors, Nissan and Suzuki have submitted a long wishlist, including a 10-year corporate tax holiday, duty-free imports, a VAT holiday and stamp duty exemption, for the Rs 25 billion plant they plan to jointly set up in India.

Maruti wanted India as the export hub also for its compact cars. The company estimates export of four lakh from its own stable.

Maruti Udyog is expected to launch two new models later this fiscal. The company sold 5,27,038 units in the domestic market last fiscal at a growth rate of 8.1%. Including exports, the growth in 2005-06 was 4.8% at 5,61,822 units.