Maruti to reduce exports to Hungary
Maruti Suzuki India Thursday said in Udaipur that it would drastically reduce the export of diesel engines to Hungary, mainly to concentrate on the domestic market, reported RTT News quoting Managing Executive Officer Mayank Pareek.
At present, the company exports around 35,000 to 45, 000 units every year to Hungary and would reduce it to almost negligible levels in the next six months. The additional engines that the company gets after cutting down on exports will go for the Swift in India, he said.
The company plans to increase production of the Swift to 18,000 units a month from 1,000 units earlier to cut short waiting period, in view of increasing competition from new entrants, such as the Ford Figo, Toyota Liva and Volkswagen Polo, besides Honda's upcoming Brio.
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