Osamu Suzuki to visit India to review Maruti's growth plans
Japanese auto giant Suzuki Motors chairperson Mr. Osamu Suzuki will be in India in this week to attend the general meeting of the company since the Indian czar Maruti is preparing to team up with Volkswagen Group to venture together to develop cars and various other components. Last year Volkswagen Group acquired 20 per cent stake in Suzuki.
- Write a comment
As per the sources, Osamu Suzuki will discuss on a list of things scheduled which prominently includes Maruti expansion plans. The agenda he will primarily focus on is Maruti's competence to manufacture cars individually which should match the international standards of the quality and safety aspects. The agreement between Indian auto maker and German car manufacturer will be on the same platform of Nissan. It will make Maruti the biggest stakeholder in the Japanese automotive in future.
The Suzuki Chairman Osamu Suzuki is touring in India for third time in this year. On 28th November to attend Maruti Suzuki India's yearly general meeting. His coming for the third time is a reflection of Indian auto market growth and the track the global auto market is keeping on the growth.
Suzuki owns 54.4 per cent stake in Maruti India and it will invest Rs 5,500- Rs 6,000 crore in the coming two years which will be used to set up two new manufacturing facility in Manesar, Haryana and also a new R&D centre at Rohtak. The facility which will be set up at Manesar can also be used for producing cars for the Volkswagen compact cars especially for Skoda Auto's the premium sedan Skoda Superb and the elegant hatchback Skoda Fabia in India. Volkswagen is also planning to enter in the next phase in the Indian auto market. The German car brand hopes to acquire 20 per cent of the domestic auto market share by 2018.
Martin Winterkorn, chairman of Volkswagen said in his visit to India, that, Volkswagen is positive about the partnership with the Japanese auto giant as it will benefit the German car maker in various avenues especially the company's frugal engineering which Maruti has replicated majorly.
He also ushered on the future plans, that, with the joint venture the company will undertake various projects such as manufacturing new cars and other components to utilize the upsurge in the domestic auto market.
Although Maruti enjoys a favorable position in the market for all of its models, Maruti Alto is its bestseller that is exported in Europe and is re-badged by Nissan as Pixo and sold in Europe.
Read More on : Maruti Alto
