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Maruti Suzuki exports coming hatchback in Japan.
Export car plans YRA code name, were disclosed by two people familiar with the matter on condition of anonymity picture Bloomberg.
Mumbai Maruti Suzuki India Ltd exports a premium compact car, it plans to launch this year in Japan, competing with Ford Motor Co to become the first car manufacturer to sell a made-in-India car on the market first world.
Export car plans YRA code name, were disclosed by two people familiar with the matter on condition of anonymity A Maruti spokesman said in an email that the company would not commenting on future plans.
The two people mentioned above still said the move reflects Suzuki's confidence in the design and engineering capabilities of its Indian subsidiary.
In 2013, Suzuki has laid siege to India its export operations to the South and Southeast Asia, Africa and Latin America.
global automakers, including Hyundai Motor Co, Nissan Motor Co Ltd Volkswagen AG and Ford, have been shipping cars made-in-India several years of traditional export destinations for these were Latin America, Africa, South Asia and some European markets.
Not Japanese, Korean, American or European auto manufacturer has delivered the models manufactured in India to its domestic markets.
With India selling more cars than Japan and Maruti Suzuki are one and the same, I'm not surprised if it's a plan like this in the works, said an analyst at a consulting firm , who requested anonymity.
Ford India Pvt Ltd vehicle EcoSport SUV compact SUV can be shipped to the United States for sale, The Economic Times in June, citing several people familiar with the Ford process began working on a lifted version of front of SUV for the North markets US, said the report We do not charge t comment on speculation, said a spokesman for Ford India.
Over the years, with the increased participation of the parent company in operations in India, and the transfer of proprietary technologies for critical parts such as gears and motors, Maruti Suzuki engineering capabilities have evolved.
Maruti represented 15 5 of the consolidated turnover of Suzuki Motor Co year ended March 31.
The Japanese company owns a 56 stake in Maruti Suzuki 2.
It is also a sign of the changing Indian market itself where there is clearly a trend in what traders call premiumisation, even late entry-car market.
Mahantesh Sabarad, deputy vice president of research at SBI Capital Securities, said the plan reflects the manufacture of high quality not only in the Indian subsidiary, but also its suppliers.
Maruti plans to produce about 80,000 units of the model YRA the first year of its launch this 60 will be exported around 5,000 units are likely to be shipped to Japan, said one of the two people mentioned above is the idea to first assess the acceptability of a model made in India in a mature market like Japan and export more, this person added.
Indeed, the acceptability of models by Japanese customers will be key, said Rakesh Batra, practice leader of the automobile in the consulting firm of EY.
Given this, the model will likely be loaded with high end features, somewhat unprecedented in the compact car segment in the Indian market.
In India, Maruti plans to position the YRA as tailgate premium over Swift, who opposes Jazz and Hyundai i20 Honda Car India Ltd.
With its Indian subsidiary, Suzuki Motor plans to introduce 10 new models in India and aims to control 50 of the local passenger car market in 2020.
The Japanese automaker expects the Indian passenger car market to reach four million units in 2020, as against 1 8 million units in 2013-14.
Suzuki has identified India as an export center It comes with a factory in Gujarat, which will begin production in 2017 with annual production capacity of 250,000 vehicles.
Maruti exports decreased from 29 to 7836 units in March a year ago.
Exports of cars, utility vehicles, commercial vehicles and two-wheelers have increased every year since 2000. In the year ended March 31, Indian mills have exported a record 3 5 million vehicles, 15 more than they managed a year ago, compared to domestic sales of just above 2 of 6 million units during the same period 5 more a year ago.
Exports have allowed companies to reduce automobile risks of cyclical demand in domestic markets and abroad.
The tepid demand in the local market over the past three years have seen a renewed interest on exports auto companies, especially those who have experienced a sharp decline in domestic volumes Car sales in India under contract and 7 5 in 2012-13 and 2013-14 before rising 5 in 2014-15.
Maruti Suzuki exports coming hatchback in Japan, Maruti Suzuki, export, to come.