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	India the global hub for Compact Cars



	Maruti is of the view that given the size of the domestic compact car market and growing competitiveness in terms of cost and quality, India has all attributes to emerge as a global manufacturing hub of small cars. While most emerging and developed car markets in the world are primarily large and luxury car markets, India has developed in a unique way. 74% of the Indian market continues to be small or compact cars and vans.

	India could be exporting a Million Cars by 2010



	India is among the top three compact car manufacturers in the world along with Japan and Brazil. Some time back, looking at the Car Industry trends and studying the opportunities ahead, the Government decided to revisit some of its policies. It was argued that if right policy environment is available, India can emerge as a global manufacturing hub for compact cars. The visionaries in the government appreciated this mega opportunity and apart from offering a lower excise duty on compact cars, have built this vision into the Automotive Mission Plan 2016. We supported the Government in their vision. Maruti would certainly be at the forefront to enable the country achieve this.