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LATEST NEWS
Auto
Maruti to roll out Nissan's model in 2008-09
Posted online: Wednesday, September 20, 2006 at 1931 hours IST
 
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KOLKATA, SEPTEMBER 20:  Maruti Udyog Limited said it would start rolling out the export model for Japanese car maker Nissan in 2008-09 as part of the agreement its parent Suzuki had entered with the latter for contract manufacturing in India.

Maruti would start producing compact cars for Nissan by 2008-09, company Managing Director Jagdish Khattar said.

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Nissan, would export the models to Europe, he said while announcing a tie up with Magma Leasing Limited for financing cars.

Khattar said Maruti wanted India as the export hub also for its compact cars. The company was looking at an export figure of four lakh from its own stable.

Maruti signed an agreement with Magma Leasing Limited to finance its new and pre-owned cars in semi urban and rural areas in the country.

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