India's top carmaker expects exports to leap

Newswire

NEW DELHI, Sept 26 (Reuters) - India's largest carmaker, Maruti Udyog Ltd, a unit of Japan's Suzuki Motor Corp, forecast on Thursday a more than 150 percent leap in exports this fiscal year due to the success of its Alto compact car in Europe. The increase in foreign sales would be a boost to Maruti which was forced to slash prices in July on its top-selling model to boost a shrinking local market share. The New Delhi-based carmaker, held 54.2 percent by Japan's largest minicar maker, ...

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