Suzuki 2003 Annual Report Download - page 7

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Iwata Plant
Sport utility vehicle and commercial vehicle assembling plant
ALTO (manufactured at Maruti
Udyog Ltd. in India)
GRAND VITARA DIESEL
SWIFT SPORT (Export name: IGNIS
SPORT)
The Overseas Markets
Total automobile export volume for this fiscal year marked a
large growth to 1,108,000 units, 113% of the previous year.
The main factor that contributed to the growth was that CBU
exports to North America and KD exports to China and
Indonesia remained strong. As for individual products, Liana,
Alto and Wagon R+ (Plus) each boasted a large growth in
export volume over the previous year.
As for new products, a 16-valve diesel version of the Grand
Vitara was introduced in 2003, and the Ignis Sport, a compact
sport model featuring technological advances gained from the
feedback and know-how after participation in the Junior World
Rally Championship (JWRC), was introduced at the 2003
Geneva International Motor Show. And at various international
motor shows including those at Geneva, Paris, and Detroit, the
Concept-S, a concept model reflecting Suzuki's designs for
next-generation cars, was put on display and received many
plaudits.
Suzuki began participation in the Junior WRC from the 2002
season; strong results include a 3rd-place finish in the German
rally and 2nd in the Turkish rally. Efforts to further strengthen
our racing organization include establishment in December
2002 of a new company promoting Suzuki's motorsport
activities, Suzuki Works Techno (SWT).
With regard to our business relationship with General Motors,
in October 2002, Suzuki made equity investment in GMDAT, a
company formed by General Motors for assuming
responsibility of looking after the operations of rebuilding
Daewoo Motor Company in Korea.
As for our overseas production operations, Suzuki acquired
majority shares in Maruti Udyog Limited in India in May 2002
and in P.T. Indomobil Suzuki International in Indonesia in
November 2002, thus integrating both companies into Suzuki
subsidiaries for the purpose of further heightening the business
strengths of both companies as major production bases for
Suzuki.
Performance of business operations at our overseas
subsidiaries for this fiscal year has, on the whole, been
favorable, and we will continue to make the utmost efforts
toward full rationalization and maximum efficiency.
Kosai Plant
Passenger car assembling plant
SUZUKI MOTOR CORPORATION
6