The Japanese automaker Suzuki plans to introduce five electric models by 2030 as part of the green transition of the automotive industry, and Magyar Suzuki is aiming to have the Esztergom plant participate in the production of these models, said Magyar Suzuki Plc. CEO Masato Atsumi at a press conference in Budapest on Wednesday.
Assessing the company's activities over the past year, he stressed that Suzuki has been a reliable player in the Hungarian economy amid difficult economic conditions, focusing on safe and stable operations. The company spent EUR 55 million on development, with EUR 75 million planned for this year. He recalled that the owner has invested EUR 2 billion since its foundation.
Deputy CEO Róbert Krisztián reported that Suzuki had a very good year in 2023, with the capacity shortfall and shortage of cars in the first half of the year being made up in the second half. Production increased by 24.3%, 160 338 Vitaras and S-Crosses were produced, 88.5% were hybrid models.
Suzuki models also performed well in sales. Globally, the Esztergom plant delivered 161,763 cars to 123 countries on five continents, 156,213 of which were produced in Esztergom. 92% of the vehicles sold were exported.
In Hungary, 12,167 new Suzuki cars were sold, of which 10,957 were made in Esztergom. The brand's market share in the Hungarian new car market is 11.3%. The Deputy CEO also said that half of the vehicles sold in Hungary went to companies and half to private buyers.
Róbert Krisztián indicated that the sales plan for this year is 130,000, down from last year, as dealers managed to replenish stocks this year.
Magyar Suzuki Zrt. had net sales of EUR 2.871 billion in 2023, up 33.9%. Domestic sales amounted to EUR 272.6 million and export sales to EUR 2.598 billion.
Profit after tax was EUR 141.7 million. The company paid no dividends, with profits being transferred to the profit and loss reserve.
Magyar Suzuki Plc. is expected to sell 130,000 cars this year, with imports of around 5,000 units. The projected turnover will reach EUR 2.3 billion.


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