Suzuki Motor Corp's sales of new cars in India is likely to surpass those in Japan in the year to March 2008, thanks to buoyant demand there, the Nikkei reported, without citing sources.
The automaker has seen domestic sales stagnate, selling 594,000 new cars between April 2006 and February 2007, down 2.7 pct on the year, the business daily said.
On the other hand, Suzuki (other-otc: SZKMF.PK - news - people )'s Indian subsidiary, Maruti Udyog Ltd, saw sales surge 22.6 pct to 571,000 cars during the same period, according to an Indian automobile association, it said.
But in the new fiscal year, as Suzuki is cutting back its minivehicle output to make a strategic shift to more high-margin compact cars, it seems almost certain that its Indian sales will exceed those in Japan, the Nikkei said.
Maruti commands a roughly 50 pct share of the Indian passenger car market.
(1 usd = 117.83 yen)
The automaker has seen domestic sales stagnate, selling 594,000 new cars between April 2006 and February 2007, down 2.7 pct on the year, the business daily said.
On the other hand, Suzuki (other-otc: SZKMF.PK - news - people )'s Indian subsidiary, Maruti Udyog Ltd, saw sales surge 22.6 pct to 571,000 cars during the same period, according to an Indian automobile association, it said.
But in the new fiscal year, as Suzuki is cutting back its minivehicle output to make a strategic shift to more high-margin compact cars, it seems almost certain that its Indian sales will exceed those in Japan, the Nikkei said.
Maruti commands a roughly 50 pct share of the Indian passenger car market.
(1 usd = 117.83 yen)
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