While other carmakers are busy working on increasing their market share in India; the leader Maruti Suzuki has other plans. The company that put our nation on wheels, Maruti Suzuki has been selling cars for three decades now. Chairman RC Bhargava addressing the shareholders talked about the future plans.
Addressing 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 -- Maruti 2.0."
Their immediate short term plan is to achieve sales of two million in the next five years. In order to achieve thisfigure they need more products and also need to improve their existing vehicles. This is definitely one of the priorities as Maruti will invest Rs 2,000 crore on its research and development centre in Rohtak, Haryana, Suzuki’s first R&D centre outside Japan.
This is just the beginning and Maruti plans to achieve sales number of three million in the coming years.
"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.
Maruti Suzuki has been the undisputed leader of the automobile industry and things are still upbeat for them despite strong competition in the market. The introduction of a small diesel car and more products will definitely strengthen their stand and the figure of three million is still going to be a task . It will be interesting to see the company shape up in the coming years.