Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter

Maruti Suzuki is aiming to export vehicles and components worth up to Rs 20,000 crore in the next three years. The company is planning to leverage the global resources of its Japanese parent — Suzuki Motors — and its partner, Toyota Motor, to increase its overseas shipments, said a report in the Economic Times. Maruti's exports accounted for nearly 40 per cent of the total exports from India.

According to the report, for Toyota and Suzuki, India is likely to become a key sourcing hub for not just vehicles, but also for components like lithium-ion cells for electric vehicles.

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