On September 4, 2018, Suzuki Motor Corporation announced that the company has agreed to transfer all equity in Chongqing Changan Suzuki Automobile Co., Ltd. held by Suzuki (50%) to Chongqing Changan Automobile Co., Ltd.
Suzuki will transfer all equity held in Changan Suzuki to Changan Automobile, and the management of Changan Suzuki will be continued as 100% subsidiary of Changan Automobile. However, Suzuki will continue licensing of production and sales of Suzuki models to Changan Suzuki. The transfer has almost no influence on Suzuki's financial performances for this fiscal year.
Changan Suzuki was established in May 1993 as a joint venture company between Suzuki and Changan Automobile. The company has been producing and selling Suzuki-branded automobiles such as Swift, Vitara and SX4 S-CROSS, etc.
Suzuki's Chairman Osamu Suzuki said, “Approximately 25 years ago, we launched the Alto in China, and since then we have made efforts in cultivating the Chinese market. However, due partly to shifting of Chinese market to larger vehicles, we have decided to transfer all equity to Changan Automobile”.
On June 15, 2018, Suzuki has completed transfer of all equity in Jiangxi Changhe Suzuki Automobile Co., Ltd. held by the Suzuki Group (46%) to Changhe Automobile. Therefore, Suzuki will get out of vehicle production in China after completion of the transfer of equity in Changan Suzuki.
(From Suzuki press release on September 4, 2018)
Alto (Suzuki)
In an investor update, Talbros Auto Component Limited informed that it has started supplies for orders to a big German car maker. It also secured orders from a very large domestic OEM player which is roughly about INR 350 million per annum.
The group has recently secured a large order from Maruti Suzuki for their control arm assemblies for the front suspension for their voluminous car called Alto with the revenue of about INR 240 million per annum.
It is in the process of receiving an order from another very large European car maker.
Talbros are also in a talk with Honda, JL Auto to just commission orders worth INR 150 million per annum. It also successfully started our suppliers to large European car maker for a suspension component.
In its annual report for FY 2016-17, Bharat Seats Limited informed that its R&D department has a slew of new products development & refresh models on the anvil for the launch in coming 3 years.
The R&D department has successfully launched refresh models for the seating system and started its supply for previously launched premium segment model “S- Cross“with Iso-fix & Top Tether system ahead of new norms for child seat safety.
The similar systems as add-on are launched for Alto in export markets.
Besides this, R&D department has launched many minor programs termed as “Refresh” in current platforms like wagon R and Ertiga.
Besides seating business R&D has launched seating system for the flagship model of Suzuki Motorcycle’s highest selling Suzuki Access and Extrusion parts for newly launched Ignis from Maruti Suzuki.