Sunday, January 07, 2007

Maruti Udyog to enter European market for exports

Maruti Udyog is looking on emerging markets like Egypt, Algeria, Jordan, Chile, Morocco, Sudan, Sri Lanka and Nepal for its future exports.

The company expects to achieve an export figure of 42,000 units in 2006-07 compared to 34,800 cars in the last fiscal, a growth of nearly 21%. These days, MUL exports cars only to non-European countries. However, the company plans to enter Europe in 2008-09 with a new car. This car will be manufactured at its Indian facility purely for the European market.

MUL has recently launched the Zen Estilo. This is a lifetsyle car, which comes with a bigger engine (1061 cc), offers more boot space and superior air-conditioning.

Maruti Udyog Limited (MUL), incorporated in 1983, is India`s largest automobile company. The company is a subsidiary of Suzuki Motor Corporation. The other activities of the company comprise facilitation of pre-owned car sales, fleet management and car financing. It is the market leader in the passenger car segment with a share of 60%.

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