Suzuki to Launch 20 Cars in Next 5 Years

Japanese car-maker Suzuki Motor Corporation is planning to launch 20 cars in the next five years globally.

The company, which announced its new mid-term plan at an investor meet held in Tokyo, said that Suzuki will be launching 20 cars by 2020, including the full model change of the existing vehicles.

A report of ET Auto says that in the next five years, the company aims at selling 3.4 million vehicles globally, of which two million units are expected to be contributed by Maruti Suzuki, the company's largest operations.

The parent company, Maruti, also expects the Indian operations to find new markets for exporting. Currently, Maruti contributes 43% of Suzuki's sales, and 30% of consolidated profits.

In June, Maruti recorded a growth of 1.8% at 1,14,756 units in June, as opposed to 1,12,773 units in the corresponding month last year. Exports in June recorded 12,130 units, up from 11,809 units in June 2014, posting a growth of 2.7%.

In the coming years, Maruti also plans to foray into new segments in the domestic market. The soon-to-be-launched S-Cross will mark the company's entry into the cross-over segment.