Maruti Suzuki records global exports of 2.5 million units

TusharK · 29th March 2023, 13:47

Maruti Suzuki has achieved a new milestone, as the carmaker’s cumulative global exports hit the 2.5 million mark. The landmark vehicle, a Baleno, was recently shipped to Latin America from Gujarat’s Mundra port.

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Maruti Suzuki began exporting made-in-India vehicles in FY1986-87. The first big shipment of 500 cars was dispatched to Hungary in September 1987. Today, the carmaker has expanded its presence to nearly 100 countries in Africa, Latin America, Asia and the Middle East.

According to Maruti Suzuki, exports to advanced markets helped the company to benchmark its performance against international standards.

Link to Team-BHP News

directinjection · 29th March 2023, 15:26

Considering that Maruti has produced over 25 million cars since it commenced production in 1983, the export figure of 2.5 million (10%) looks modest. They should be exporting at least a third of their production, if not more. It will also be pertinent to find out Maruti's foreign exchange outflow on importing components and on dividend repatriation to Suzuki, in order to know what net foreign exchanged it truly earned for the country.

https://auto.economictimes.indiatime...-1983/95252156

29th March 2023, 13:47	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,270 Thanked: 55,829 Times	Maruti Suzuki records global exports of 2.5 million units Maruti Suzuki has achieved a new milestone, as the carmaker’s cumulative global exports hit the 2.5 million mark. The landmark vehicle, a Baleno, was recently shipped to Latin America from Gujarat’s Mundra port. Maruti Suzuki began exporting made-in-India vehicles in FY1986-87. The first big shipment of 500 cars was dispatched to Hungary in September 1987. Today, the carmaker has expanded its presence to nearly 100 countries in Africa, Latin America, Asia and the Middle East. According to Maruti Suzuki, exports to advanced markets helped the company to benchmark its performance against international standards. Link to Team-BHP News
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29th March 2023, 15:26	#2
directinjection Senior - BHPian Join Date: Oct 2005 Location: Faridabad/Delhi Posts: 1,705 Thanked: 785 Times	Re: Maruti Suzuki records global exports of 2.5 million units Considering that Maruti has produced over 25 million cars since it commenced production in 1983, the export figure of 2.5 million (10%) looks modest. They should be exporting at least a third of their production, if not more. It will also be pertinent to find out Maruti's foreign exchange outflow on importing components and on dividend repatriation to Suzuki, in order to know what net foreign exchanged it truly earned for the country. https://auto.economictimes.indiatime...-1983/95252156 Last edited by directinjection : 29th March 2023 at 15:30.
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