Maruti Udyog (MUL), the country's largest car manufacturer, will launch its cars in South Africa by next year and re-enter the European market in 2008-09.
Managing director Jagdish Khattar said the company was planning to enter South Africa, but refused to disclose the features of the model that will be launched. "But it will form a part of direct exports from India," he added.
Meanwhile, the company has also envisaged plans to re-enter the European market with a model, which could be on a shared platform such as the Zen Estillo (the car shares its engine with the Wagon R and the platform with that of the Alto) or the company will build a completely new model for the launch date of 2008-09. Khattar said, "We are planning to launch a model specifically developed for the European market. With this model our total export sales are expected be in excess of 100,000 units. The discontinuation of exports to the continent has affected us badly but with the launch of the new model we are our exports will hit an all time new high."
Alto contributed as much as 90 per cent of company's exports to Europe. Now with the launch of a new car, Maruti hopes to regain a key export market.
For the non-European market, the company is expecting to post a total of 40,000 units for the current financial year and it is further expected to grow to an overall figure of 100,000 units including the introduction of the new model in Europe.
At present, Sri Lanka is the company's major export market where it is clocking sales of 8,000-9,000 units, followed by Chile where it is selling 5,000-6,000 units.
Earlier, Maruti-Suzuki had a tie-up with Nissan Motor company to manufacture 200,000 small cars, which were to be sold under the Nissan badge in the domestic market. The deal, however, fell through when Nissan expressed its desire to join the Mahindra-Renault contract to manufacture the Logan.
Nissan has, however, not scrapped the deal with Suzuki for manufacturing 50,000 cars in India exclusively for exports under the Nissan badge, in the European sector.
Meanwhile, MUL today launched its new model, Zen Estillo, in Mumbai. The Estillo will replace the old Zen which was one of the most highly successful brands of the company. MUL even refused to withdraw the brand name Zen from the newly launched car as Khattar believes that the brand itself is powerful enough to drive sales initially.
The car will be priced in the range of 3.30 lakh for the base version to 4.20 lakh for the fully loaded model which the company is offering with airbags and ABS. Both the prices are Ex-showroom Mumbai.
Managing director Jagdish Khattar said the company was planning to enter South Africa, but refused to disclose the features of the model that will be launched. "But it will form a part of direct exports from India," he added.
Meanwhile, the company has also envisaged plans to re-enter the European market with a model, which could be on a shared platform such as the Zen Estillo (the car shares its engine with the Wagon R and the platform with that of the Alto) or the company will build a completely new model for the launch date of 2008-09. Khattar said, "We are planning to launch a model specifically developed for the European market. With this model our total export sales are expected be in excess of 100,000 units. The discontinuation of exports to the continent has affected us badly but with the launch of the new model we are our exports will hit an all time new high."
Alto contributed as much as 90 per cent of company's exports to Europe. Now with the launch of a new car, Maruti hopes to regain a key export market.
For the non-European market, the company is expecting to post a total of 40,000 units for the current financial year and it is further expected to grow to an overall figure of 100,000 units including the introduction of the new model in Europe.
At present, Sri Lanka is the company's major export market where it is clocking sales of 8,000-9,000 units, followed by Chile where it is selling 5,000-6,000 units.
Earlier, Maruti-Suzuki had a tie-up with Nissan Motor company to manufacture 200,000 small cars, which were to be sold under the Nissan badge in the domestic market. The deal, however, fell through when Nissan expressed its desire to join the Mahindra-Renault contract to manufacture the Logan.
Nissan has, however, not scrapped the deal with Suzuki for manufacturing 50,000 cars in India exclusively for exports under the Nissan badge, in the European sector.
Meanwhile, MUL today launched its new model, Zen Estillo, in Mumbai. The Estillo will replace the old Zen which was one of the most highly successful brands of the company. MUL even refused to withdraw the brand name Zen from the newly launched car as Khattar believes that the brand itself is powerful enough to drive sales initially.
The car will be priced in the range of 3.30 lakh for the base version to 4.20 lakh for the fully loaded model which the company is offering with airbags and ABS. Both the prices are Ex-showroom Mumbai.
No comments:
Post a Comment