Suzuki to roll out new car from India
Japan's Suzuki Motor will roll out its next global car from India, targeting European buyers, and plans to invest 1.78 billion dollars ramping up output in the country, the company said Tuesday.
Suzuki Motor Corp, an early entrant into the Indian market when the nation began opening up its economy in the 1990s, is making India a global production hub with its majority-owned Indian unit Maruti.
"Our next world car will be made in India," Suzuki chairman and chief executive Osamu Suzuki told reporters in the Indian capital.
The new five-door hatchback will be called the "Concept A-Star" and will be the fifth global car from the Suzuki line-up after the Swift, the Grand Vitara, the SX4 and the Splash.
Tuesday's announcement underscored the importance of the fast-growing Indian market to Suzuki after its Indian unit in October outstripped its parent in sales in their respective home markets for the first time ever.
"Given the importance of India to the Suzuki world strategy it is planned to invest 200 billion yen (1.78 billion dollars) for plants in India to 2009," Suzuki Motor said in a statement.
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