Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Maruti Suzuki Aims to Sell 3 Lakh Automatic Cars Annually by 2020

Maruti Suzuki currently sells around 94,000 units per annum of vehicles with AGS, AT and CVT.

PTI

Updated:May 29, 2017, 11:34 AM IST
facebookTwitterskypewhatsapp
Maruti Suzuki Aims to Sell 3 Lakh Automatic Cars Annually by 2020
Maruti Suzuki Dzire ZXi+. (Photo: Sidharth Safaya/News18.com)
Loading...

Country's largest car maker Maruti Suzuki India (MSI) is targeting to sell 3 lakh units of vehicles equipped with different automatic transmission technologies by 2020. The company currently sells around 94,000 units per annum of vehicles with AGS (automated gear shift), AT (automatic) and CVT (continuously variable transmission).

It is counting on the more affordable AGS technology to drive sales growth of cars with automatic transmission. "Our mission is to double AGS contribution from the current levels of 94,000 units to around 1.5 lakh units by end of FY 17-18 and achieve 3 lakh mark by 2020," a company spokesperson told PTI.

The company currently offers AGS technology in Alto K10, Wagon R, Celerio, Ignis and Dzire. CVT comes in Baleno, while AT transmission comes in the Ciaz and Ertiga.

Going ahead, the company is looking to bring in AGS technology in models up to Dzire and AT (automatic) and CVT (continuously variable transmission) in models beyond Baleno. "Our vision is to democratise the two pedal technology by making them affordable and relevant for the customers. Depending upon the acceptability of the technology in a particular segment, we bring a suitable option like AGS, CVT or AT," the spokesperson said.

Also Read: How to Drive an Automated Manual Transmission (AMT) Car: Tips, Tricks and Techniques For Efficient Driving

 

The company is also in the process of hiking production capacity of automatic transmissions and has also gone in for localisation of various parts in order to make the variants affordable. "Awareness is still a challenge... With enhanced awareness we expect more first-time buyers and rural penetration," the spokesperson said.

The sale of automatic variants across the company's product portfolio has risen steadily in the recent years. In 2013-14, the company had just sold 900 automatic units. In 2014-15, the figure rose to 32,426 units, while it surged to 56,968 units in 2015-16. In the last fiscal, the company sold a total of 94,736 units comprising AGS, CVT and AT technologies. Overall, the company with over 47 percent market share in the domestic passenger vehicle market, plans to sell a total of 20 lakh units annually by 2020.

Don't Miss: New 2017 Maruti Suzuki Dzire First Drive Review: Does it Aspire to Amaze You?

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Manav Sinha
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results