NEW DELHI (Commodity Online): Maruti Suzuki India Ltd (MSIL) (BSE: MARUTI : 532500, NSE: MARUTI ), the Indian subsidiary of Suzuki Motor Corporation, planning to increase the role in developing global vehicles.
The comapny has unveiled XA ALPHA, a compact sports utility vehicles (SUV) and will roll out two to three global products in next two year with the collaboration of Suzuki.
Maruti Suzuki has around 1000 plus engineers at its R&D centre and also setting up a world-class R&D centre in Rohtak.
According to a senior MSIL executive, the R&D team is increasingly collaborating in developing products with Suzuki, which would be sold not only in India but also in markets overseas, reported Business Standard.
During April -December 2011 period, the sales of passenger cars of Maruti Suzuki dipped 16.6 % to 773,361 units.
In India's Bombay Stock Exchange (BSE), the company traded up 1.76% to Rs 949.15 on 6th January.
