Maruti Suzuki to match last year's exports this fiscal

Maruti-SuzukiIndia's leading player in the passenger car market, Maruti Suzuki will be aiming to match the last year's export level in this fiscal. R. C. Bhargava, Chairman, Maruti Suzuki recently said that as the company is not competing in exports (with other carmakers), it will be aiming to match the last year's export figures in this is fiscal.

Moreover, as the company is also operating in a situation where the production level is not being able to meet the demand in the domestic market, the company is trying to produce as much as possible to keep the waiting period low for its products.

It is to be mentioned here that the company exported 1.47 lakh units in 2009-10, the highest ever export figures, with the compact car A-star alone clocking over 1.27 lakh units.

While a large chunk of the Maruti's export markets constitute European countries, namely, UK, France, Germany, Italy and the Netherlands, the non-European markets include Algeria, Chile, Indonesia and neighboring countries.

However, as the demand slowed down in the European markets this fiscal, the company has added markets like South Africa, Hong Kong, Australia and Norway to its list.