Maruti Suzuki has said that it aims to cut costs and improve productivity to offset a rise in metal prices.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A Reuters report cited remarks made by the firm’s chief executive.
“Prices of not only steel but aluminium, copper are rising and it is hurting car makers,” Shinzo Nakanishi told reporters after launching a new car model, the Swift DZire.
Maruti, which has nearly half the Indian market with popular models like the Alto and the Swift hatchback, is 54.2% owned by Suzuki Motor Corp .
Nakanishi said the company would export 50,000 cars in the fiscal year to end-March and that he was hopeful of maintaining at least the same level of overseas sales for the following financial year.
