|
|
Originally Posted by vid6639
(Post 1667021)
lol. even the kink on the rear door is the same. Wonder why they launched a concept version. They could have displayed the Meriva. The Vauxhall agila is the Suzuki Ritz so this could be the RIII most likely. Great find. |
| Maruti to Double India Dealers as Rural Growth Lures Hyundai By Siddharth Philip May 16 (Bloomberg) -- Maruti Suzuki India Ltd., maker of about half the country’s cars, plans to double its dealerships in five years as Hyundai Motor Co. and Toyota Motor Corp. try to break its stranglehold on the nation’s auto sales. “We are doing everything possible to keep our market share,” Chief Financial Officer Ajay Seth said in a May 13 interview in New Delhi. “The Indian automobile market is exploding and it’s all across the board.” The automaker aims to build up a network of 2,000 outlets nationwide to protect its sales lead as Hyundai expands beyond large cities because of rising demand in rural areas. Maruti expects rural markets to account for 40 percent of its sales in 10 years, double the current level, Seth said. “Rural India will grow much faster than urban India,” he said. “Families there have more earning members and agricultural products are attracting better prices.” The Suzuki Motor Corp. unit will introduce a multi-utility vehicle later this year to compete with Mahindra & Mahindra Ltd.’s Xylo and Toyota’s Innova vans, Seth said. Industrywide sales of such models rose 26 percent to 188,620 in the year ended in March, according to the Society of Indian Automobile Manufacturers. Maruti, based in New Delhi, aims to boost annual spending on research and development to 2 percent of sales in five years from the current 0.6 percent to help develop new models, Seth said. This fiscal year, the automaker is boosting total spending, including expanding capacity, 33 percent. The carmaker fell as much as 2 percent to 1,198.5 rupees in Mumbai trading, and changed hands at 1,208.2 rupees at 10:54 a.m. The shares have fallen 15 percent this year compared with a 10 percent drop for the benchmark Sensitive Index of Bombay Stock Exchange. Wealth Beyond Cities Hyundai, India’s second-largest carmaker, plans to open as many as 1,000 rural outlets as economic growth spreads wealth beyond cities in the world’s second-most populous nation, it said last week. Toyota, which started selling its Etios sedan in December in India, has accelerated plans to increase capacity by 40 percent at its factories to 210,000 units a year. Maruti sold 1.13 million vehicles in India in the year ended in March, giving it a 49 percent market share, according to the Society of Indian Automobile Manufacturers. The carmaker had a 52 percent share two years ago. Annual profit fell 8 percent to 22.8 billion rupees ($506 million) |
|
Originally Posted by samyakmodi
(Post 2421128)
any new news about RIII?? |
| All times are GMT +5.5. The time now is 17:46. |