After 30 years of selling cars and revolutionising personal transportation in India, Maruti Suzuki is embarking on its next phase of journey with an eye on selling three million vehicles annually
Spelling out the road map for the next 30 years -- Maruti 2.0 -- Maruti Suzuki India (MSI) Chairman RC Bhargava said the company would be at the forefront of the efforts to make India a significant player in the global market place.
With an eye on annual sales of two million units in the next five years, MSI is enhancing its research and development capability to increase fuel efficiency of all models, develop eco-friendly vehicles and provide more fuel options of diesel, CNG and LPG in existing models.
It is also developing 800cc compact diesel engines for Indian roads apart from giving special focus on electric vehicles and hybrids.
In addition, the company would also be able to invest in strengthening and de-risking its infrastructure for sales, service and spare parts, required to cater to a sale of three million cars a year, Bhargava said without elaborating by when the company expects to touch the annual sales milestone.
The company is investing Rs 2,000 crore at its R&D centre and test course at Rohtak, Haryana, which is SMC's first global R&D centre outside Japan.
Commenting on the mid-term target, MSI Managing Director and CEO Kenichi Ayukawa said the company would widen its product offerings and enter new segments.
Maruti Suzuki stock price
On August 08, 2014, Maruti Suzuki India closed at Rs 2618.45, down Rs 33.5, or 1.26 percent. The 52-week high of the share was Rs 2674.90 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 27.15. The latest book value of the company is Rs 707.16 per share. At current value, the price-to-book value of the company is 3.70.
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