Stocks News

Maruti Suzuki achieves 20 lakh cumulative exports mark

Maruti Suzuki India, the nation’s largest carmaker claimed to have crossed the 20 lakh cumulative exports milestone on Saturday.

The auto main accomplished the milestone as a batch of merchandise left for South Africa from Gujarat’s Mundra Port.

Moreover, the merchandise includes S-Presso, Swift and Vitara Brezza respectively.

Currently, the automaker exports 14 models consisting of 150 variants to over 100 nations so far

The company aims to align itself with the evolving needs of customers in African and Latin American nations.

This will enable Maruti Suzuki to attract customers in new segments.

Further, it will help the company to achieve bigger milestones at a much faster pace.

It’s started exporting vehicles in 1986-87 as consignment of 500 cars was shipped to Hungary in September 1987.

In 2012-13, the corporate achieved one-million exports with over 50 per cent of the shipments going to Europe’s developed markets.

Moreover, the firm accomplished the next million in over eight years.

This took place with special focus on rising markets in Latin America, Africa and Asian areas.

The automaker has successfully gained sizeable share in markets like Chile, Indonesia, South Africa and Sri Lanka.

Alto, Baleno, Dzire and Swift have emerged as most selected models in these markets.

Suzuki is planning to augment MSI’s global production stature with India as a production base for Jimny.

It is exporting vehicles for the last 34 years before India became a prominent figure in the global automobile business.

Check all the recent news updates and share market updates


Get 90% Discount on Brokerage Now! Open Demat Account