Business IdeasMaruti aims to export 1-lakh units of A-Star in FY10
The country"s largest car maker, Maruti Suzuki India, today said it is targeting to export one lakh units of its small car A-Star.
- Maruti India expects double-digit growth - Volkswagen targets sale of 1 lakh units by 2014 in India - Maruti expects double digit growth in next few months - New variant of Zen Estilo next week - Maruti to invest Rs 1,000 cr in new R&D centre - Maruti to drive out new Zen Estilo with KB-series engine
The company is aiming a total of 1.2 lakh units to sell in the overseas market this financial year.
"Out of the total exports, A-Star alone will comprise one lakh units while the rest would be other models," Maruti Suzuki India Executive Officer (Marketing) Mayank Pareek told reporters here.
The auto maker also expects double-digit growth in April-October period this fiscal.
"So far, our sales have been good and we will attain double-digit growth till October in this fiscal," he added.
In July, the sales in the top cities have turned around despite the fear of weak monsoon, he said, adding that 44 per cent of its total sales has come from major cities.
"As of now, there is no impact of a weak monsoon on sales as we are selling not only to farmers but to other people also in the rural areas. But in the long term, it will definitely have an impact," Pareek said.
The company currently has an inventory level of three weeks and is producing more to meet the upcoming festive demands.
On the company"s diesel-engine plans, Pareek said it will expand the production capacity to 3 lakh units per annum by 2010-11 from the existing 2.4 lakh units.
Maruti Suzuki India will launch its small car Zen Estilo with 1L KB-series engine next week. It is also working on upgrading all its models to meet the Bharat Stage IV emission norms.
"We are also working big time on launching CNG variants as after the discovery of gas in KG basin and other locations the availability of CNG will be easy and shall be popular," Pareek said.
He also said the company is planning to export the new Zen Estilo to Indonesia.