Maruti targets to sell 2 million units/annum.
Maruti today is Suzuki's biggest operation anywhere in the world. Going forth though, Maruti could become bigger than Suzuki's global operations even, says R C Bhargava, Chairman, Maruti Suzuki.
Speaking to the Economic Times, Bhargava said that Suzuki's future is dependent on Maruti, as the Indian arm of the Japanese carmaker could touch sales of 2 million units/annum in the next few years.
Maruti currently holds a market share of around 45 percent in the overall Indian car market, and says that it will try to increase its market share by way of launching new products and entering new segments. Next year will see Maruti enter two new segments at least. The compact SUV segment will see the launch of the SX4 S-Cross, while the premium hatchback segment will see the YRA (codename).
Maruti will also enter the LCV segment next year with the Y9T (codename), that will debut the company's first self-made diesel engine. The same 0.8-liter twin-cylinder diesel engine could also power the Celerio, reports have stated.
Apart from launching all new products, Maruti will also focus on existing models like the Wagon R, launching an AMT variant on it next year. The Ertiga facelift which is due in mid-2015 is also expected to receive the convenience of an automatic transmission.
[Source - Economic Times]