As per the latest news, the next year’ Delhi Auto Expo in January will witness a new line of SUVs and MUVs being rolled-out by Maruti Suzuki India.
The launch of new line SUV and MUV will help the company to recollect its 50 percent market share which was lost by the company after the recent strikes and loss in the making that Maruti Suzuki had to face with at their Manesar plant.
In the meantime, the target was established by the company y to be attained by 2015.
Maruti Suzuki India Limited, a 54.2 percent contributory of Suzuki Motor Corp of Japan has for long reined the Indian car market. The company is concerned in making the new vehicles that are intended for 2012 rolls-out beginning at the Auto Expo.
While talking to media, the Managing Director of Maruti, Mr. S Nakanishi said, “There is a vast chunk of market, almost 18% of the passenger vehicles sold in India where we don’t have any presence. So, as we aim to regain our market share and take it to beyond 50%, we will introduce vehicles in the new segment that are not in our current portfolio.”
In total of 15 models sold in India, 12 models are named under the small or compact segment which is preferred in a country like India.
Manesar in Haryana is the location where Maruti Suzuki produces most of its vehicles has just emerged from a two month long strike which has adversely affected its market share. So much so that Maruti Suzuki India has finds their market share diminished by 5% currently.