Expect India to be 3rd-biggest car market by 2020: Suzuki

Geneva, Mar 12: Suzuki Motor Corporation (SMC) expects India to grow into the third-biggest car market in the world by 2020 and is "determined" to play a big part in that growth.

The company, whose arm Maruti Suzuki India commands nearly 50 per cent of the passenger vehicle market in the country, has already started operations at its new plant in Gujarat as part of the plan to raise its total production to 2 million units by 2020.

"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 Kinji Saito, Executive General Manager and Managing Officer (Global Automotive Operations), Suzuki Motor Corporation, at the Geneva Motor Show here.

He said that in India, Suzuki has been the market leader for decades, with nearly 50 per cent share.

The company plans to introduce more new products in India even as it gears up to meet additional demand by increasing 

its production capacity.

"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.

PTI