Key Facts:
Maruti Suzuki India Limited is a publicly listed Indian subsidiary of Japanese automaker Suzuki Motor Corporation.
It is the largest automobile manufacturer in India, specializing in small cars.
Prime Highlights:
Suzuki aims to increase its sales by 33% by 2030, with a focus on regaining 50% market share in India’s passenger vehicle segment.
The company plans to expand Maruti Suzuki India’s annual production capacity to 4 million units to meet rising domestic demand and boost exports.
Key Background:
Suzuki Motor Corporation has announced an ambitious strategy to increase its sales by 33% and enhance its market position by 2030, with a major focus on India. The company aims to reclaim a 50% market share in the Indian passenger vehicle segment by the end of the fiscal year 2030, from its current share of approximately 41%. This is part of Suzuki’s broader plan to strengthen its presence in India, a market deemed crucial for the company’s future growth.
As part of its new mid-term management plan (FY2025-FY2030), Suzuki intends to expand its product portfolio in India, particularly focusing on SUVs, MPVs, and entry-level models. The company is also committed to scaling up Maruti Suzuki India’s (MSI) annual production capacity to four million units. This expansion will cater to the growing domestic demand while positioning India as a key hub for global exports.
Suzuki aims to enhance its leadership in the Indian automobile industry by continuing to innovate and develop products that align with local consumer preferences. In addition to traditional combustion engine vehicles, the company plans to introduce a variety of battery electric vehicles (BEVs), starting with the e-Vitara, which will be produced in India and sold both locally and globally. Suzuki also envisions proactive investment in charging infrastructure to support the wider adoption of electric vehicles across India.
The company’s goals for 2030 include a significant revenue increase of 49%, targeting 8 trillion yen. Suzuki plans to achieve this growth by improving its operational efficiency and further investing in environmental sustainability, such as through the development of a biogas plant for CNG vehicles. The company also anticipates that its collaboration with Toyota will play a pivotal role in driving innovation and achieving a carbon-neutral society. Overall, Suzuki’s strategy reflects its confidence in the Indian market as a major driver of its global growth.
