“With
the success of Maruti Suzuki, India has become the 4th largest car manufacturer
in the world.
The
introduction of low cost and reliable transport led to giving women a much
greater degree of independence, participating in the job market, and promoting
economic activities. The automobile sector is one of the leading employment
creators. India has also become a large exporter of cars, with Maruti Suzuki
alone selling about a quarter million units,” he added.
Bhargava
also announced the setting up of Suzuki Foundation, which initially intends to
engage in activities to promote more competitive manufacturing in India.
Addressing
the audience Toshihiro Suzuki, President, Suzuki Motor Corporation, said, “Over
the past forty years, Maruti Suzuki has been the prominent leader in the Indian
automobile sector. Maruti Suzuki is recognized as the most successful joint
project between India and Japan.”
Talking
about Maruti Suzuki’s increasing importance in Suzuki’s global operations, he
said, “In the last fiscal, Suzuki group produced about 28 lakh automobiles all
over the world. Out of those, more than 16 lakh units, or about 60 percent,
were produced in India.”
Announcing
the new project for Research & Development in India, Mr. Toshihiro Suzuki, said,
“We aim to strengthen our R&D competitiveness and capabilities in new
fields of technologies not only for India but also for the global markets.”