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Maruti targets 2x exports by end of decade
Business Standard
|November 05, 2024
EVs to play a key role in touching 800K mark in export by FY31
Maruti Suzuki India Ltd (MSIL), the largest passenger vehicle manufacturer in India, has set a road map to expand its global presence by targeting exports of 800,000 units by the end of this decade – almost double the approximately 280,000 units sent abroad in 2023-24, Rahul Bharti, executive director, corporate affairs, told Business Standard.
The company's upcoming electric vehicle (EV) strategy is expected to play a crucial role in its global ambitions. In October, the company had rung up a 51 per cent jump in export, its historic high, to 33,168 units, up from 21,951 units in October 2023.
"Our growth ambitions for Viksit Bharat have to be supplemented by exports. Moreover, if you are exporting, it will act as an assurance in global excellence, quality, and cost," Bharti said.
This story is from the November 05, 2024 edition of Business Standard.
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