“Going forward, we will raise sales mainly in Asia as well as Central and South America, the Middle East, and Africa,” Chairman Osamu Suzuki told reporters. In western Asia, including India, the Japanese automaker is targeting sales of 900,000 units, an increase of 7%. In Europe, it is shooting for 5% growth to 360,000 and in China a 13% jump to 190,000. Domestically, Suzuki is eyeing sales of 676,000 units, remaining flat, on reduced production of minivehicles. The automaker’s minivehicle sales target of 591,000 falls 24,000 units short of the goal set by market leader Daihatsu Motor Co. In the US, auto sales are projected to climb 7% to 120,000 units. But Suzuki sees motorcycle sales tanking 17% to 160,000 units there. Because of the fallout from the subprime meltdown, “sales of motorcycles, which are often used for leisure activities, will be down considerably,” the chairman said.
Suzuki predicts that global production will hit 2.79 million units, an 8% increase. The company plans to ramp up output in India and Hungary and also aims to boost production of minivehicles made under OEM agreements. (tradingmarkets)
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