Maruti Suzuki eyes to export petrol run cars to Africa amidst slowing demand in India
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Following a substantial decline in the demand for petrol run cars in the Indian market, the country’s largest car maker Maruti Suzuki is looking forward to sell their popular compact cars to the African market. The move will not only enable the company to strengthen their sales in the Indian market, it will also help them in offsetting higher import costs due to continuously weakening rupee.
The value of subsidized diesel is currently about 39 percent cheaper as compared to the petrol prices in the National Capital. The continuously widening gap between the prices of petrol and diesel has caused a major shift of buyers towards diesel run variants of the car.
In a recent statement, Mr. Ajay Seth, executive chief financial officer of the company, said, “Maruti’s costs for importing components have more than doubled in the past few years because of the weakening of the rupee.” He added that markets such as Africa are seeing high growth and demand for Maruti Suzuki cars.
In the last financial year, Maruti Suzuki India dispatched a total of 127,372 cars from the Indian auto market as compared to the 237,535 vehicles of Hyundai and 100,909 units of Nissan Motors in the same period.
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Sensible thought.July 11, 2012 by Kanagaraj
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