Japanese automaker Suzuki on Tuesday expressed doubts whether Tata Motors' Rs 1 lakh car would be a complete product, and felt that the quest for lower pricing should not lead to a compromise of quality and safety norms.
The fact that Ratan Tata is lurking around the corner with his Rs 1 lakh car will not make Nakanishi's job any easier, or less public.
The Japanese giant is already investing Rs 6,000 to Rs 7,000 crore in its research and development (R&D) centre in India. Maruti Suzuki India (MSIL) will roll out a car completely made in India in the next three to four years, which will encompass all the major requirements, including design and engineering architecture, engine development, and the manufacturing process.
MD Shinzo Nakanishi also rules out entering ultra low-cost car segment.
Government has approved 25 foreign direct investment proposals, including those of Citicorp International Finance and Suzuki Motor Corporation that will bring in Rs 145.12 crore (Rs 1.45 billion) into the country.
Maruti Suzuki India Ltd, the country's biggest carmaker, is set to play a larger role in the operations of parent Suzuki Motor and will contribute a third of the Japanese company's global sales by 2009-10, the Indian firm's managing director Shinzo Nakanishi said on Thursday.
SMILP, despite having an installed capacity to manufacture 100,000 vehicles, sold a little over half that number between April and December last year and 5,753 units in January 2007.
Suzuki Motors Corp, the parent company of Maruti Udyog, announced on Friday a manufacturing collaboration with Nissan Motor Co and said they will begin joint production in India.
Suzuki Motorcycle India, a subsidiary of leading Japanese two-wheeler manufacturer Suzuki Motor Corporation, on Tuesday introduced four upgraded models of its existing motorcycles, 'Zeus' and 'Heat'.
Suzuki Motors on Tuesday launched its second model 'Zeus' -- a 125 cc single cylinder bike in the Indian market, targetting college students and executives.
Suzuki Motor Corporation, Japan, on Thursday said it has filed suits in the Delhi High Court against ten companies for using the brand 'Suzuki' as trademark or part of their corporate names.
Kicking off their mega plans in India, Suzuki Motor Corporation and Maruti Udyog on Tuesday inaugurated their fourth car assembly plant, a diesel engine and transmission plant and a Suzuki's two-wheeler plant in Manesar.
Maruti contributed over 29 per cent of Suzuki's net profit in April-December 2006, though it accounted for less than 7 per cent of its turnover.
Proclaiming India as a major success story, Japanese small car major Suzuki Motor Corp said the record sales achieved its premium hatchback model, Swift in the country 'easily topped' targets in its first year of launch.
Suzuki Motor Company chief Osamu Suzuki on Thursday called on Finance Minister P Chidambaram, within a week of the government deciding to sell 8 per cent of its equity in Maruti Udyog Ltd.
The Maruti Udyog board has approved the purchase of Suzuki Motor Corporation's shares in their joint venture Maruti Suzuki Automobile India Ltd for Rs 12 crore (Rs 120 million) and merge the arm with itself, the Lok Sabha was told on Thursday.
Suzuki Motor Corp is believed to have reached an agreement with the government on its plans to set up a second Indian factory
Suzuki Motor Corp. of Japan on Monday said it plans to invest about Rs 1,050 crore in its Indian arm Maruti Udyog.
Suzuki Motorcycle India announced the launch of two new bikes for the domestic market 'Heat' for excessive bike users and 'Zeus' targeted at college students and executives.
India's largest car maker Maruti on Wednesday said the diesel engine plant being set up jointly with Japanese parent Suzuki Motors at Manesar in Haryana will be operational by the first quarter of 2007.
More than two decades after manufacturing its first vehicle in India, Maruti Udyog Ltd on Wednesday rolled out the five-millionth car from its assembly line in Gurgaon, a red 'WagonR'.
General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
India's biggest carmaker Maruti Udyog Ltd on Tuesday announced the setting up of a diesel engine plant with an investment of Rs 350 crore (Rs 3.50 billion).
Maruti Suzuki is heading for an image makeover through its new sedan SX4, which is expected to hit the Indian roads by mid-May with a price range between Rs 700,000 and Rs 800,000.
Maruti Udyog Ltd will hold 70 per cent stake in the new subsidiary, while the remaining would be with the Japanese company, MUL Managing Director Jagdish Khattar told reporters in New Delhi after the company's board meeting.
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