November 26, 2024
2 mins read

Driven to 3 Million 

The progression from 2 million to 3 million cumulative exports was achieved in just 3 years and 9 months, making it the fastest million for Maruti Suzuki….reports Asian Lite News 

Maruti Suzuki India Ltd (MSIL), India’s leading car maker, has achieved the milestone of having completed the export of 3 million vehicles.  

The 3 millionth landmark vehicle was part of a shipment of 1,053 units that sailed from Gujarat’s Pipavav port on Sunday, comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire and S-Presso, according to a company statement on Monday. 

Maruti Suzuki MD & CEO Hisashi Takeuchi said: “Our exports from India have grown by 3 times from 4 years ago. Inspired by this global demand, Maruti Suzuki is determined to diversify and ramp up vehicle exports to 7.5 lakh units by 2030-31.” 

Maruti Suzuki commenced export of vehicles from India in 1986 and recorded an accelerating growth in its overseas shipments over the year. The first large consignment of 500 cars was shipped to Hungary in September 1987. The company clocked the 1 millionth milestone in vehicle exports in FY 2012-13, followed by the next million in a little less than 9 years in FY 2020-21. 

The progression from 2 million to 3 million cumulative exports was achieved in just 3 years and 9 months, making it the fastest million for Maruti Suzuki. 

Takeuchi said: “The 3 million cumulative exports milestone reflects India’s automobile manufacturing excellence and is a shining example of Brand India on the global stage. We thank the Government of India for instituting encouraging policies and enabling trade agreements with some markets augmenting export growth.” 

“Aligned with the Government of India’s flagship ‘Make in India’ initiative, Maruti Suzuki is committed to deep localization and multiplying exports. Today, 40 per cent of passenger vehicles exported from India are from Maruti Suzuki making us the number 1 vehicle exporter in the country. Our success in international markets is the outcome of high acceptance of Maruti Suzuki’s global standard vehicles for quality, safety, design and technology. We thank our global customers and esteemed distributors for their trust in us,” he added. 

Maruti Suzuki exported 181,444 units in the period April-October in FY 2024-25, marking a growth of 17.4 per cent over the same period the previous year. Today, the company exports 17 models to nearly 100 countries. America, Africa, Asia and the Middle East are important export markets for the company. 

ALSO READ: India Gate Spices Up Its Game 

ALSO READ: ‘Indians Now Daring to Go Global’ 

Previous Story

PM Modi faces a world on the edge of WWIII 

Next Story

Global Travelers Flock to India 

Latest from Business

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an
Go toTop

Don't Miss

Regional Leaders To Join Modi’s Swearing-In

These leaders include heads of State of Sri Lanka, Maldives,

USTDA: India portfolio has potential to unlock $37bn

Responding to a query about USTDA’s position on India’s green