Marutis Cumulative Exports Of Cars Cross 3 Lakh Units

New Delhi, Aug 30: | Updated: Aug 31 2003, 05:30am hrs
Maruti Udyog announced on Saturday that its cumulative exports of passenger cars had crossed 3 lakh units.

This mark was achieved with the latest shipment of 571 units of Alto to Hungary, says a release.

The companys exports have been riding on the success of the Alto in Europe. Total export sales of the Alto touched 32,240 units in 2002-03, a growth of 163 per cent over 2001-02. The revenue from exports of vehicles was Rs 671 crore in fiscal 2002-03, which was 7.4 per cent of total sales.

The company plans to export over 39,000 units in the current year, a jump of 22 per cent.

Earlier, Maruti Udyogs cumulative exports to Europe crossed the 2,00,000 mark in March.

The major success story has been the Netherlands where, for the first time ever, the Alto achieved the Number 1 position in A segment with a market share of 18.7 per cent in calendar year 2002. Also the companys cumulative exports to the Netherlands crossed the 50,000 mark during the past year.

Maruti also achieved a substantial growth in exports to Austria, Algeria, Bangladesh, Belgium, Costa Rica, France, Germany, Italy and Sri Lanka. The evergreen Maruti 800 saw a revival of sorts with a growth in exports of around 123 per cent in 2002-03.

The strong showing has continued in this fiscal, with Marutis exports in April-July growing by 235 per cent to 17,746 units.

At present, Maruti exports to over 40 countries, with major buyers in Europe which accounts for over 70 per cent share of exports.