Maruti sales to be over half of Suzuki’s by 2020

Maruti Suzuki will account for more than half of parent Suzuki's global sales by 2020 as the Indian company launches new models while expanding production capacity. 

In a 2020 forecast that Suzuki made in Tokyo, the company said that Asia will lead the charge as it chases sales of 3.4 million by 2020 against the 2.9 million units sold in 2014 Astrology market books

The forecast was made at a conference where Suzuki chairman Osamu Suzuki handed over the title of chief operating officer to his son Toshihiro, though the 85-year-old still continues to lead the company. 

Maruti, which was originally formed as a joint venture between Suzuki and the Indian government but now is controlled by the Japanese major, will play a pivotal role in Suzuki's five-year plan (running up to 2020) that will coincide with its 100th anniversary. 

Maruti Suzuki accounted for sale of 1.3 million units in Suzuki's total sale of 2.9 million units last year. For 2020, the target for Maruti is 2 million units Jupiter Astro Book 2015-2016

Maruti management said that it is confident of meeting Suzuki's targets. "Suzuki's medium-term plan announced on Tuesday puts high focus on India, which is very positive. Toshihiro Suzuki has been a Board member of Maruti Suzuki since October 2013 and has a very good understanding of our business. Overall, Suzuki's commitment to India remains unchanged," Maruti Suzuki MD & CEO Kenichi Ayukawa said. 

Osamu Suzuki, born Osamu Matsuda, joined the automaker in 1958 after marrying into the family. During his nearly four decades of running the company, Suzuki has turned the loom maker founded by his wife's grandfather into one of the world's biggest automakers, blazing the trail into the Indian market in the early 1980s Personal Numerology Trading Tips