INDIA: Suzuki chairman’s concern over falling sales
Suzuki chairman Osamu Suzuki is making a lightning visit to his company’s operations in India this week because he is concerned about its falling market share and declining profits.
The Japanese carmaker owns a majority 54% stake in Maruti Suzuki. The chairman will attend the upcoming board meeting this Friday and is expected to ask Maruti executives to get their act together.
This is the first time in almost five years that Suzuki has attended one of Maruti's quarterly board meetings. Normally, the 82 year old chairman sends a representative.
Maruti has been troubled by persistent labour problems at its Manesar factories that make the Swift hatchback and Dzire sedan. It has also faced stiff competition from new, locally produced small cars from Volkswagen, Ford, Toyota and Nissan.
Maruti accounts for almost 40% of Suzuki's global sales and almost a quarter of its revenues. Since 2007-08, Maruti sales in India have exceeded Suzuki's sales in its own home market in Japan.
Over 500 vehicles have been updated in our live database of current and future new passenger car product over the past week, and we've added new future models....
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
LMC Automotive's service provides customers with the very latest monthly estimates of passenger car production across all of Europe. Updated monthly and provided model-by-model, and available only via...
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
Nemak, an aluminium auto parts producing unit of Mexico's Alfa conglomerate, based in Monterrey, is building a plant to supply Volkswagen in Russia....
Suzuki expects car sales in Russia flat year on year at 33,000 units in 2013, Koichi Takakura, general director of Suzuki Motor Rus, told reporters....
Hyundai's new generation i10 will be a direct challenger to the Volkswagen Up, according to the Maeil Business Newspaper in South Korea....
- Kia K900 knocks on big brands' door
- Daimler - Q2 results insight
- THE WEEK THAT WAS: Results season again
- Global light vehicle market developments
- VEHICLE ANALYSIS: BMW X4
- Jaguar Land Rover buys British classic cars hoard
- Union puzzled no buyer for Unipart Automotive
- Warwick University chosen as APC hub
- New alloy developed for new Jag
- JLR China cuts prices amid anti-trust probe