Maruti to unveil new models in next 2 yrs

New Delhi, Sep 6: Country's largest car maker Maruti Udyog Ltd will launch new models for two consecutive years, company's Managing Director Jagdish Khattar said.

The company's AGM met here today and has decided not to revise exports target for the current year, Mr Khattat said, adding that it will launch a model every year for two consecutive years.

''We are selling in many markets right now. We started our international operation two year back in non-European countries,'' he said.

''I went around myself to convince them, they are following Maruti's way of sales now. Zen, Estello has emerged as the market leaders in the Indonesian market.'' The company is selling about 1,000-1,200 units of Zen, Estello and 800 units of Alto per month in the Indonesian market.

It has also ventured into Algeria, Sri Lanka, Chilly, Saudi Arabia and Egypt.

Maruti Udyog is currently selling 7,000 units in Chilly. It also ventured in the UAE market recently.

Mr Khattar also said that the company will export diesel engine to Hungary.

On the rupee appreciation part, he said, ''it has impacted our revenues but it has being neutralised to a quiet extend by imports.'' UNI