Indian automobile companies look to non-European countries for increase in exports

Maruti Suzuki, Indian subsidiary of Suzuki Motor Corporation, is looking to build its third manufacturing unit in India, in the state Gujarat.

The company is aiming to increase the exports as per the growing population’s future demand. The company nowplans to manufacture 2,50,000 cars per year. In Gujarat, Mundra Port will export Maruti’s cars to the African and European markets. It is not just Maruti, but the General Motors and the Tata Motors has also set up their manufacturing unit in Halol and Sanand.On the other hand,Peugeot and Ford are also building heavy manufacturing units in Gujarat. The primary reason is to increase exports to the non-European countries through the sea route. India‚Äôs largest car manufacturer Maruti Suzuki is also one of the largest exporters in India. It is now focusing on the new automobile market in Asian region. A few months ago, on April the 30th, the company crossed 1 million exports of A-star models to Denmark through the Mundra port.

Indian automobile companies look to non-European countries for increase in exports

Denmark, Algeria, Sweden, Malta, Morocco, Switzerland and Egypt – these countries demanded model A-Star, in the International market the most famous Maruticarhave a huge demand for the A-Star, Alto and Celerio vehicles of Maruti. Maruti’s export figures show that in the European market, the total exports are about 1,27,379 units in comparison to 1,38,266 units in the last year, down by 7.9 %. Other automotive manufacturers like Hyundai, Nissan, Ford and Tata Motors are also in the Export race.

Companies like TATA motors exceeded the export expectation by 9% in the previous financial year. They exported 63,078 units over 58,044 units in the last year.Nano, the lowest price car in the world made by TATA motors, is now trying to establishits foothold in the low budget segment in the European market. Shipping companies such as Glovis, K Line, and NYK Linehave developed export facility at Mundra just for this purpose alone.

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