Antara News : India`s Maruti Suzuki eyes output of over 1 mln cars this fy

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New Delhi (ANTARA News/Asia Pulse) - India's largest carmaker Maruti Suzuki (BSE:532500) will produce over a million cars this fiscal year, enabling the company to cross the milestone for the first time, its parent Suzuki Motor Corporation (SMC) said on Friday.

"Maruti Suzuki now forecasts production of 10,27,000 units for the fiscal year from April 2009 to March 2010, meaning that its production will exceed one million units on both a calendar-year basis and a fiscal-year basis for the first time," SMC said in a statement on its website.

In expectation of continued growth in the Indian car market, MSI will invest Rs 17 billion (US$364 million) in new facilities at its Manesar plant to increase an annual output to 550,000 units from the current 300,000 units, the statement said.

Source:
Business in Asia Today - Feb. 8, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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