Mexican Media Brands
Suzuki Readies New Models for Emerging Markets
Suzuki Motor Corp. plans to introduce 30 new minivehicle, A- and B-segment models in the next three years to boost sales in emerging markets, The Nikkei reports.
#economics
Share
Suzuki Motor Corp. plans to introduce 30 new minivehicle, A- and B-segment models in the next three years to boost sales in emerging markets, The Nikkei reports.
The flood of new vehicles will represent 50% more models than Suzuki introduced in the previous five years, according to the newspaper. It says the carmaker's strategy will be to reduce production costs by using common platforms and a high proportion of shared components.
The vehicles also will be powered by a new family of more efficient engines, The Nikkei adds.
The newspaper says Suzuki plans to introduce 14 of the new models in India, where it controls about 40% of the market, by 2017. The company aims to eventually export vehicles from India to Latin America and southeast Asia.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.