The present is not as potential as past for Maruti in the case of export sales to Europe. The earlier sale was due to the incentive offered on scrappage scheme for dispensing with old cars for new ones. Now the scheme is since withdrawn there is no point in lamenting the consistent sale. The decline accounts about 20-30% in this FY and the company pins on revival of sale soon as Europe is always a good market for Maruti , said its CEO and MD. In 2009-10 the company exported 1.2lakhs to Europe availing the incentive scheme.(Export market for Indian cars to face downhill task)
Maruti introduced Wagon R in the range of Rs3.38 – Rs3.97 lakhs and is the outcome of the latest platform utilized in Japan. Maruti has fit in BS-IV compliant 998cc K-series engine for this refined WagonR [images]. The car is getting 80% localization and the company intends to make it 100% soon. Maruti relies heavily on the K-series engines that it could muster a sale of 3 lakh engines thereby consolidating its position in the global automotive segment. K-series comes in two variants – 998cc 3-cylinder K10B (found in A-Star [images], Estilo [images], and the new WagonR) and 1.2 lit, 4-cylinder K12 M petrol engine which is fitted for Ritz [images], Swift [images] and Swift D’zire [images].