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Maruti Suzuki plans to regain its misplaced market share by September 2023

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In a bid to regain its misplaced marketshare, , the nation’s largest automobile maker plans to regain its misplaced market share by September 2023 , which has at present dropped to 43.5% by way of an offensive product technique centered on SUVs. This may tackle main portfolio gaps .

Beginning this March 2022, Maruti Suzuki expects to launch 4 all-new SUVs throughout key classes, three of that are nonetheless untapped classes which embrace the approach to life class (Jimny), a mid-size SUV & a 3-row premium SUV by Mar 2023, in line with a DAM Securities report.

Whereas most of the present fashions will see updates, a few of the new SUVs , can be collectively developed by Toyota , it is international alliance associate. These particulars have been introduced at a latest vendor convention .

Maruti Suzuki would proceed to concentrate on alternate fuels (CNG), providing 3-4 extra main fashions inside CNG, led by superior cost-economics (thereby sturdy buyer demand pull) and decrease emissions, in line with DAM Securities report.

It is also seeking to introduce a robust hybrid with a lot decrease emissions and the working extensively on EVs, which it plans to launch earlier than 2025 .

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