Japanese auto giant Suzuki Motor Corporation (SMC) plans to make India an export hub for its small cars, mainly for the European and African markets. For this, the country’s infrastructure needs to be developed and it would like to request the Government to improve the ports. SMC’s subsidiary Maruti Suzuki India had exported 1.47 lakh units from the country in 2009-10.
Currently, Suzuki Japan and Volkswagen Germany are in talks. Last year, Volkswagen had picked up 19.9 per cent stake in SMC for $2.5 billion (around Rs 11,450 crore). Since then the two companies have been discussing plans for joint production, engine development and a small car project for India.
Company Name | CMP |
---|---|
Maruti Suzuki | 12498.65 |
Mahindra & Mahindra | 2709.95 |
Mercury Metals | 67.65 |
Hindustan Motors | 31.59 |
Suzuki (India) | |
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