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Suzuki Plans Third Auto Plant

By LIFS October 7, 2010 at 10:18 AM
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Suzuki is planning a third vehicle plant with annual production capacity of 250,000 in India to meet exploding demand.

 
Suzuki holds a controlling 54 percent stake in Maruti Suzuki Ltd., India’s largest car maker, which holds nearly half the country’s auto market. But its share is slipping, from 53.3 percent in the April to July quarter in 2009 to 47.7 this year.

The Society of Indian Automobile Manufacturers estimates car sales this fiscal year will top 1.7 million, up from 1.5 million last year.
 

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Business | Magazine | October 2010

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