India's leading automaker Maruti, have set a future target of selling 3 million cars annually, after revolutionising the transport market in India for 30 years. They have planned ahead for the next 30 years, calling the next phase "Maruti 2.0".
Setting a target of selling 2 million cars for the next five years, they are developing means to make their cars more fuel efficient, designing eco-friendly vehicles and bringing out more fuel options for their existing models like diesel, CNG and LPG.
Maruti is in the process of bringing a 800cc diesel engine for the domestic market.
RC Bhargava, Chairman said that letting the parent company, Suzuki Motor Corp invest and take over the Gujarat plant was a good idea for Maruti's future requirements. The Chairman did not specify by when the company is looking to achieve its milestone of 3 million cars.
In the fiscal year 2013-14, MSI had sold a total of 11,55,041 units. The company had stopped the production of the Maruti 800 in January, which revolutionised the car market in India by selling 2.7 million units from 1983.
In addition to this, the company is making a huge investment of INR 2,000 crore for its new Research and Development centre in Haryana. This will be the biggest R&D centre for Suzuki outside Japan.
Maruti will also enter segments which they are not present at the moment like the SUV segment.
The Chairman also added saying as Maruti is already globally competitive, they would be at the forefront of this effort to make India an important player in the global market.
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