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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Suzuki to make more cars in India than in Japan AFP - Wednesday, June 16 Send IM Story Print Suzuki to make more cars in India than in Japan Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Suzuki Motor plans to boost its production capacity for passenger cars in India to 1.45 million vehicles a year in 2012, topping its output in Japan for the first time, a report said Wednesday. Suzuki's local unit, Maruti Suzuki India Ltd., will invest 2 - 4 billion yen (21 - 43 million dollars) this year to upgrade its two existing factories, increasing its capacity to 1.2 million units from about 1 million at present, the business daily Nikkei reported, citing company president Shinzo Nakanishi. The move is aimed at maintaining Indian market share of about 50 percent amid growing demand and intensifying competition, it said. "We'll improve efficiency in such processes as painting," Nakanishi was quoted as saying. Suzuki operates an assembly plant outside New Delhi. In addition, Maruti Suzuki is spending 17 billion rupees, or roughly 33 billion yen (360 million dollars), to build its third Indian plant, which will have an output capacity of 250,000 units a year when it begins operations in spring 2012, it said. Suzuki's annual production capacity in Japan stands at around 1.4 million vehicles. Car sales have been on the rise in Asia's third-largest automobile market because of inexpensive loans, new models and a recovery in demand. Car sales in India jumped 30.5 percent year-on-year in May, industry data showed last week. Recommend Send IM Story Print Related Articles Toyota to agree steel price hike: report AFP - 2 hours 1 minute ago India's central bank mulls inflation curbing moves AFP - 2 hours 13 minutes ago Hong Kong to probe why record flat sale fell though AFP - 2 hours 24 minutes ago Rio Tinto invests 469 million in US mine AFP - Wednesday, June 16 Hyundai signs mega deal with Saudi power plant AFP - Wednesday, June 16 News Search Top Stories France to raise retirement age from 60 to 62 Russian, US astronauts blast off to ISS: television Obese have poorer sex life: study Obama to address nation as oil chiefs grilled BP shares fall further as Fitch slashes rating close to junk More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended BP denies bankruptcy rumors, seeks advice Britain says sorry for Bloody Sunday killings Sons more likely to swindle their mums: study Obese have poorer sex life: study BP shares fall further as Fitch slashes rating close to junk More Most Viewed » The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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