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Indian car­maker Maruti may hike out­put by 75pc

India’s biggest car­maker Maruti Suzuki aims to boost out­put by up to 75 per­cent as it seeks to main­tain its dom­i­nant posi­tion in the fast-​growing domes­tic mar­ket, a report said Thursday.

Depend­ing on how the car mar­ket per­forms, we would like to like to reach 1.5 to 1.75 mil­lion units a year by 2015,” the Eco­nomic Times quoted Maruti man­ag­ing direc­tor Shinzo Nakan­ishi as saying.

That should help us keep the 50 per­cent share of the mar­ket we now have because the total car indus­try will, by then, be around three mil­lion units (per year),” Nakan­ishi said.

He said the board of Japan’s Suzuki Motor Corp, which holds a major­ity stake in Maruti, would give final approval in Jan­u­ary on whether to imple­ment the plan.

Nakan­ishi gave no esti­mate of the cost of the increase but the news­pa­per quoted an unnamed Mum­bai ana­lyst as say­ing the com­pany would need to make an invest­ment of up to one bil­lion dol­lars to increase capac­ity by 750,000 units.

Maruti Suzuki cur­rently has the capac­ity to pro­duce one mil­lion cars a year.

South Korea’s Hyundai Motor is Maruti’s near­est rival with a 21 per­cent mar­ket share.