Young people’s fascination for car to make India the third largest car market in the world
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The company, whose arm
"India is expected to grow into the third-biggest car market in the world by 2020 and we are determined to play a big part in that growth," said
He said that in India,
The company plans to introduce more new products in India even as it gears up to meet additional demand by increasing its production capacity.
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"In fact, we started operations at a new plant last month on the way to increasing our total capacity in India to two million units," Saito added.
The Gujarat plant is envisaged to have an installed capacity of 7.5 lakh units annually.
Maruti
In the next fiscal, MSI plans to introduce four new products. It has has been bringing about two new products each year in the past couple of years.
The company will launch the all-new third generation Swift, which was unveiled here, in India in the spring of 2018. It is also gearing up for the upgraded version of its premium crossover S-Cross later this year.
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In April to February this fiscal, MSI has sold around 13 lakh units.
Globally, SMC sold 2.9 million units 2016, Saito said.
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