New Delhi, Aug 30, 2003: Car market leader Maruti Udyog today announced that its cumulative exports of passenger cars has crossed 3 lakh units. The landmark was achieved with the latest shipment of 571 units of Alto to Hungary. The company’s exports have been riding on the success of the Alto in Europe. Total export sales of the Alto touched 32,240 units in 2002-03, a growth of 163% over 2001-02. The revenue from exports of vehicles was Rs 6,708 million in fiscal 2002-03, which was 7.4 per cent of Total Sales.

Earlier, Maruti’s cumulative exports to Europe crossed the 2,00,000 mark in March 2003.
The major success story has been the Netherlands where, for the first time ever, the Alto achieved the Number 1 position in 'A' segment with a market share of 18.7%, in the calendar year 2002. Also Maruti's cumulative exports to the Netherlands crossed the 50,000 mark during the past year.
Maruti also achieved a substantial growth in exports to Austria, Algeria, Bangladesh, Belgium, Costa Rica, France, Germany, Italy and Sri Lanka. The evergreen Maruti 800 saw a revival of sorts with a growth in exports of around 123% in 2002-03. Bureau Report