Maruti 2.0: Target of 3-mn annual sales

After 30 years of selling cars and revolutionising personal transportation in India, Maruti Suzuki is embarking on its next phase of journey with an eye on selling three million vehicles annually.

Spelling out the road map for the next 30 years — Maruti 2.0 — Maruti Suzuki India (MSI) Chairman RC Bhargava said the company would be at the forefront of the efforts to make India a significant player in the global market place.

With an eye on annual sales of two million units in the next five years, MSI is enhancing its research and development capability to increase fuel efficiency of all models, develop eco-friendly vehicles and provide more fuel options of diesel, CNG and LPG in existing models.

It is also developing 800cc compact diesel engines for Indian roads apart from giving special focus on electric vehicles and hybrids.

In his address to shareholders in the annual report FY14, Bhargava said: ‘2013-14 was a significant milestone year for us, as in December we completed 30 years of selling cars. It is a good time to review what we have achieved and what we should do in our next 30 years.’

He said the move by MSI to let parent Suzuki Motor Corp (SMC) invest and own the Gujarat plant was keeping in mind the company's future requirements.

‘The much higher availability of funds with Maruti would enable your company to strengthen its R&D and develop, and maintain the much larger number of models required to achieve sales of 3 million 

cars,’ he said.