Two-wheeler maker Suzuki Motorcycles will scale up their capacity from 5.4 lakh to 6 lakh units at their Gurgaon plant.
Speaking to Express, Atul Gupta, Executive Vice President, Suzuki Motorcycles India said that that they had an initial investment of Rs 550 crore and the same would suffice for their expansion plans in the existing manufacturing plant. It currently produces close to 5 lakh units per annum and can scale up to 5.4 lakh before the expansion is completed.
On recent excise cuts and its impact on sales, he said, “it’s true that it (duty cuts) will not give the same impetus for sales but this would help set up the platform for increased sales from 2015.” He said that the two-wheeler market has been flat and is expected to be the same this year. However, he clarified that the situation in the two-wheeler market is better than the passenger car segment. The company has been growing at close to 10%.
The two-wheeler category registered a growth of 5.76% during the period from April-January while motorcycle grew at 2.65% in the same period. Exports on the other hand saw the two wheeler category grow at 5.27%.
The company, which has a high urban customer centric focus will now look at rural markets as well. “We still have to make inroads into rural markets and will look to strengthening this area,” he said. The company has 600 touch points as on date and will take this to 1,000 by March 2015, he said.
On their introduction of super bikes into Indian markets, he said that this was more a ‘status symbol’ and ‘brand and technological’ showcase for the company and their bikes were now coming in as CBU (completely built units).
Speaking to Express, Atul Gupta, Executive Vice President, Suzuki Motorcycles India said that that they had an initial investment of Rs 550 crore and the same would suffice for their expansion plans in the existing manufacturing plant. It currently produces close to 5 lakh units per annum and can scale up to 5.4 lakh before the expansion is completed.
On recent excise cuts and its impact on sales, he said, “it’s true that it (duty cuts) will not give the same impetus for sales but this would help set up the platform for increased sales from 2015.” He said that the two-wheeler market has been flat and is expected to be the same this year. However, he clarified that the situation in the two-wheeler market is better than the passenger car segment. The company has been growing at close to 10%.
The two-wheeler category registered a growth of 5.76% during the period from April-January while motorcycle grew at 2.65% in the same period. Exports on the other hand saw the two wheeler category grow at 5.27%.
The company, which has a high urban customer centric focus will now look at rural markets as well. “We still have to make inroads into rural markets and will look to strengthening this area,” he said. The company has 600 touch points as on date and will take this to 1,000 by March 2015, he said.
On their introduction of super bikes into Indian markets, he said that this was more a ‘status symbol’ and ‘brand and technological’ showcase for the company and their bikes were now coming in as CBU (completely built units).
