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Maruti Suzuki tops SUV charts with new models
Hindustan Times
|September 27, 2023
Maruti Suzuki India Ltd has surged ahead in the rapidly expanding SUV (sport utility vehicle) segment, marking a turnaround after several quarters of market share loss due to declining small car sales and lack of new SUV launches, following its exit from the diesel-engine market in 2020.
Maruti has made significant progress in realizing its 2023-24 target of 25% share in India's SUV market, consistently increasing its share for three straight months, spanning July through September.
In July and August, the company's SUV market share exceeded 24.5%, and it expects a similar performance in September. According to production data from April and August, it has already secured a leadership position in this segment. During the ongoing month, the firm expects to achieve similar dispatch numbers as in August, totalling 189,000 units.
Denne historien er fra September 27, 2023-utgaven av Hindustan Times.
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