Maruti is making 100% effort to retain its 50% share in the market- increasing the output to 15 lakhs by 2015. Its MD said that the projection reveals 3million mark by 2015 and Maruti would like tohave 50% of it with an average output of 1.5million per year. The year 2010 may fetch a growth of 10%, an average annual growth so far- 7.31lakh this fiscal and 7.92 lakh units in 2008-09. In the Auto Expo Maruti unleashed its multi-purpose vehicle “rlll” and emphasized the increased capacity at of 3 lalkh units, Manesar plant, which has 3 lakh units currently.
The future plans are to be envisaged at the board meeting of the company. The target for the fiscal is 1.3-1.4lakh units which is likely to remain in next fiscal. Maruti is all set to face the competition from the global makers. In addition, there is a small MPV designed by the R&D of the company and a possible launch of Kizashi sedans in India(already in operation in Japan) either as assembled or as imported.
Maruti has no regrets over the association of VW with Suzuki, he said. The company is well aware of less number of orders from Nissan– than the current 45000. The ultimate target for this year is one million and it is investing Rs130 crore for increasing the production capacity at Gurgaon plant, which has the capacity of 6 lakh units.