Exports have always been a focus, even when there was a long waitlist in the domestic market. Besides, we have always had a common assembly line for exports and the domestic market. Yes, in case of Europe, there was a brief halt to exports, which I would call a transition period. In that period, we have built up significant volumes in non-Europe markets.

What is significant, though, is that we now have a new world-class facility at Manesar. Maruti’s manufacturing capability has reached a level where Suzuki wants to make small cars for Europe exclusively in India. We have a target of 1 lakh unit exports of this model to Europe under the Suzuki badge. This will obviously bring a major change.

As for the export tie-up with Nissan, you will appreciate that it it will not be proper for me to comment on the numbers on behalf of Nissan.

• The interest rate spike has had a prolonged and continuing impact on the auto industry. What is your outlook for the Indian industry vis a vis the global scenario?

Looking at the medium term, I believe India offers tremendous opportunity. Apart from the large base of two-wheeler owners, there are nearly 8-9 million people who own cars and are looking to upgrade. There are new entrants in the job market every year.... If the China experience is an indication, we should see a major spurt in demand for cars in India in the medium term.

... contd.