Maruti looks to export new Alto K10 from December
Maruti Suzuki Alto K10, the small car that has wowed Indians with its small looks and big performance till now, is set to hit foreign shores with the India’s largest carmaker gearing up to tap its potential in overseas markets.
Hyderabad: Maruti Suzuki Alto K10, the small car that has wowed Indians with its small looks and big performance till now, is set to hit foreign shores with the India’s largest carmaker gearing up to tap its potential in overseas markets.
The automaker had launched second generation avatar of the model earlier this month and even spiced up its range with an automatic gear shift (AGS) version. It will now ship out the all-new Alto K10 to overseas markets beginning with Algeria in North Africa. “We have aggressive plans for the export of new Alto K10 and global markets such as Africa, Latin America and Middle East are our radar for the new model,” a Maruti Suzuki official told The Hans India. However, the automaker wants to commence exports once the demand in domestic market stabilizes. “The first shipment is expected in December this year and it will go to Algeria in North Africa. While the new Alto K10 has succeeded in India, we are confident it will help us further strengthen our position in international markets,” the official added. In Indian market, the new Alto K10 has received over 3,500 bookings across India since its launch on November 3. Interestingly, the AGS version accounted for more than one-third of the total bookings. This cheapest automatic car in India is available at Rs 3.93 lakh (ex showroom, Hyd). “More than 35 per cent of those who booked new Alto K10 preferred the automatic version. So, the waiting period for it is around 14 weeks now,” the official said. To reduce the waiting period, Maruti Suzuki is now working with vendors to increase the supply of AGS system.
The automaker however expects the sales contribution from automatic version to settle around 20 to 25 of the total new Alto K10 sales. “The automatic version received very high bookings since these are early days of launch. Going forward, we expect the demand for AGS variant to stabilize at around 20-25 per cent,” he added.
First launched in 2010, the Alto K10 generated cumulative sales of 4.3 lakh units in last four years. Powered by 1.0-litre K Series petrol engine, it now offers a fuel economy of 24.07 km/l.