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Maruti New SUV: The country's largest car manufacturer Maruti Suzuki has announced to launch 8 new SUVs in the next 5 years. The company said that its emphasis will also be on electric and hybrid cars.
New Delhi. The country's largest car manufacturer Maruti Suzuki has made such a plan for Indian customers that other companies will be shocked to hear it. The company's intention is to provide a new experience to its customers and also to present great options for them. Under this plan, the company is preparing to introduce 8 new SUV models in the next 5 years. The company's aim is to once again increase its share in the Indian market to 50 percent, which is currently below 40 percent.
There will be 28 models of SUV
Suzuki Motor Corporation (SMC) holds about 58 percent stake in the country's largest car manufacturer Maruti Suzuki India (MSI). In the April-September period of the current financial year, Maruti Suzuki's share in the domestic passenger vehicle market has declined to about 39 percent. Regarding the plan to acquire 50 percent share, Suzuki said that to increase the market share, we will introduce eight SUVs in the next 5-6 years, which will take our total product range to 28 models.
The company currently has 18 models in India.
He said that the company is committed to achieve 50 percent market share and also become the leader in electric vehicle manufacturing and export. Maruti Suzuki is currently selling 18 models in the domestic market and its market share has declined from 51.2 percent in FY 2018-19 to 38.8 percent in the first half of FY 2025-26. Regarding its strategy for India, Suzuki said that Maruti Suzuki will focus on increasing exports along with achieving 50 percent share in the domestic market.
Will make 40 lakh cars every year
He said that the production capacity of MSI plants will be increased to 40 lakh per annum to meet the needs of both domestic and export markets. Suzuki said that to meet the diverse needs of customers in a big country like India, the company will offer all types of cars including electric, hybrid and CNG models. The company is also focusing on biogas-powered vehicles with plans to set up nine biogas plants in Gujarat. For this, an investment of Rs 70,000 crore has been announced till the financial year 2030-31.
Pramod Kumar Tiwari likes to cover stock market, investment tips, tax and personal finance. Explains complex topics very easily. He has also written dozens of columns on personal finance in newspapers. Journalism…read more
Pramod Kumar Tiwari likes to cover stock market, investment tips, tax and personal finance. Explains complex topics very easily. He has also written dozens of columns on personal finance in newspapers. Journalism… read more