The company has geared up to reinvigorate the diminishing hold of Maruti Suzuki India in the Indian market. The company has set a target of regaining a 50 percent share in the domestic market. The company's chairman and managing director RC Bhargava say Maruti will "not back down" and will fight to regain 50 percent market share.
Maruti is celebrating 40 years of its operations in the country. The company's market share declined to 43.38 percent in the last financial year 2021-22, from a peak of 51.21 percent in the financial year 2018-19.
To re-establish its dominance in the domestic market, the company plans to launch models catering to the needs of small towns and rural areas, apart from urban areas. Passenger vehicle sales in the domestic market were 33,77,436 units in FY 2018-19, which declined to 30,69,499 units in 2021-22.
Maruti Suzuki achieved its highest ever annual sales of 17,29,826 units in 2018-19. The company's market share at that time was 51.21. It declined to 43.38 percent or 13,31,558 units in 2021-22.
In an interview with PTI, Bhargava said, "We will fight to get back our 50 percent market share. How successful we are, only time will tell, but we certainly do not intend to back down.” He said that we will use sports utility vehicles (SUVs) or any other 'body style' to achieve this goal. the model will be presented.
Bhargava said, "I believe that the Indian customer has a lot of trust in the Maruti brand and we will work to maintain that trust." India is divided into '(expensive products)'.
He said, “We have to make sure that we have products for both the segments in the market.” Bhargava acknowledged that there was a time in the last four or five years when the company did not have a product for the Indian market. There were not enough products. He said that we are trying to rectify this flaw.
Afghanistan: 5 killed, many injured in a suicide attack outside the Taliban Foreign Ministry in Kabul
A suicide attack outside the Taliban Foreign Ministry in Kabul on Wednesday shook Afghanistan. Five people died in this attack and many others were injured. Officials have given information about
Narendra Modi Poster : 100 FIRs registered for putting up posters against PM Modi: Posters also found in the van that came out from Aam Aadmi Party's office, 6 arrested
Police have registered 100 FIRs in the case of putting up posters against Prime Minister Narendra Modi in Delhi. All the cases have been registered under the Printing Press Act and the Deforestation
David Miller is unable to forget the grief of the T20 WC 2024 final, and wrote this emotional thing by sharing the story on social media.
South Africa cricket team batsman David Miller has shared an emotional post after the defeat in the final of the T20 World Cup 2024. India defeated South Africa by 7 runs in the final match and after
The matter of nameplate again reached the Supreme Court, now a petition was filed in support, saying- it should not be forcibly given a communal color.
Nameplate case in SC The Supreme Court upheld the Yogi government's decision to allow shopkeepers to install nameplates during the Kanwar Yatra in UP. Meanwhile, this matter has once again reached the
Rain in Delhi-NCR, snowfall from Shimla and Manali to Srinagar; several flights cancelled and highways blocked.
The weather took a sudden turn in most parts of the country, including Delhi-NCR, on Friday morning. While Delhi-NCR experienced heavy rainfall, Shimla and Manali witnessed the first snowfall of the
Kangana Ranaut: Kangana Ranaut made a big statement months after joining politics, said- I hate being an actor
Bollywood actress and BJP MP from Mandi, Himachal, Kangana Ranaut is always in the headlines due to her outspoken statements. These days she is in the news for her upcoming film 'Emergency'. In this,
Anushka Sharma Birthday: Anushka Sharma wanted to become a journalist, but this turtle made her the top actress in Bollywood.
Anushka Sharma Birthday: Today is the birthday of the Indian film industry's finest actress Anushka Sharma. Anushka, who rules millions of hearts, started her acting career in
Ranya Rao Case: Ranya Rao confessed her crime! Apart from Dubai, she traveled to these countries.
Recently, Karnataka actress Ranya Rao was arrested at Bengaluru airport in the gold smuggling case. In this case, Ranya has now confessed her crime in a statement given to the Directorate of Revenue
Nothing Phone 2 is coming, company released poster, will be equipped with flagship processor
Smartphone brand Nothing has confirmed the launch of its new phone Nothing Phone 2. The company has also given information about the release timeline of the phone. Nothing Phone 2 will be introduced
Joe Biden: US President Joe Biden's difficulties may increase, government records recovered from the old office
US President Joe Biden may now be embroiled in a new controversy. The case of finding government documents in Biden's private office has caught fire. Let us inform you that many confidential documents
