Poland facing arbitration over Warburg Pincus' complaint about rules limiting pharmacies
4 hours ago
Japanese carmaker Suzuki marked the production of its 4 millionth vehicle, a Vitara GLX, at its plant in Esztergom, northern Hungary.
Magyar Suzuki has turned out seven models since production started in Esztergom in 1992. The company shifted to the series production of hybrid vehicles in December 2019 and the plant turns out Vitara and S-Cross models, exporting them to 123 countries around the world.
Suzuki is focusing on making hybrid drives available across the full range of its models.
The company has retained its leading position in the Hungarian market for new cars in 2023 for the seventh year.
This year 130,000 vehicles are expected to roll off the production line, Magyar Suzuki deputy-CEO Robert Krisztian told journalists. Suzuki is expanding the scope of activities in Esztergom, pointing to the role of Hungarian engineers in developing prototypes and production technology.
Suzuki will launch electric models from 2025 and boost its share in the product portfolio from 2030.
Net sales rose 22% to €2.44bn in 2022 and production climbed 20% to 129,022 cars. Close to 90% of vehicles sold were exported to 123 countries around the world.
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