Wednesday, December 29, 2010

Maruti Suzuki Starts Work On Diesel Engines

Before middle of 2011, Maruti Suzuki may roll down the diesel engine meant for the mid-sized sedan in India. The company’s CEO and MD said the process is being shaped by the company engineers internally and there is hope to deliver the engine before the middle of 2011. The initial brand for which the engine will be fitted will be SX 4 and the current procurement of engines for its Swift, Dzire and Ritz is from Fiat. He disclosed that the sale for October was 1 lakh units, first of its kind, and efforts are on to repeat the feat for this month too.

The net sale during October was 107555 units in the local market against 95148 units in the previous month. This made the net total sale for the period April-October for this year was 628378 units making a rise by 31.4% from the one derived in the same period of 2009.

The CEO said the company feels difficult to maintain the same stint for this fiscal quoting the tough base existed in the last year. He further mentioned that the operation of the second plant at Manesar will be advanced by six months in 2011 and similar will be the third plant much ahead the scheduled 2013. The expansion activities will incur an investment of Rs3500 crore; the JV enables Maruti hold 54.2% in Suzuki and the Gurgaon plant has the annual capacity of 8.5 lakh units. Manesar facility has the annual capacity of 3.5 lakh units making the net annual capacity to 12 lakhs. He announced the annual closure and maintenance of the facility from December 25 to 2nd January2011.

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