Suzuki Motor Corporation has established a distributor for Suzuki cars in Brazil. The Brazilian company, SVB Automotores Do Brasil Ltda., will import Suzuki cars from Japan and begin marketing them in October 2008.
Economic stability in Brazil has supported growth in the car market there since 2004; new car registration in Brazil exceeded 2.46 million units in 2007, and continued steady growth is expected.
Brazil is the only BRIC* nation where Suzuki has not had a presence thus far. Through its new partnership with SVB Automotores Do Brasil Ltda., Suzuki looks forward to expanding its business in the years ahead.
*Brazil, Russia, India, and China
|Company name:||SVB Automotores Do Brasil Ltda.|
|Date established||December 2007|
|Sales target:||7,000 units in first 12 months|
|Number of dealers:||15 by end of 2008 (planned)|