riding on healthy growth in the Indian market , Maruti Suzuki has beaten japanese parent Suzuki in annual vehicle production in 2009.
according to 2009 production numberts maruti manufactured a total of 966,399 units, while Suzuki- that holds a 54% stake in the indian car major- produced 908,302 vehicles. Maruti's total sales in 2009-967581 units-were also higher than Suzuki's production numbers.
"this is a clear reflection of the rapidly-changing dynamics of the global auto industry. while many of the erstwhile developed markets, including japan are shrinking in the aftermath of the global economic recession, it is markets like India, and China that are growing and setting new records" an automobile industry analyst said. while the japanese market shrunk 10% last year, the indain market had a growth of about 19%.
Thursday, January 28, 2010
Maruti beats Suzuki in output
Posted by MR Awesome at 6:16 AM
Labels: brands and business
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