India continues to raise its stake in the global share of Suzuki Motor Corporation. For the first time ever, the production in the first nine months of FY23 accounted for 60 percent of the global car production for Suzuki Motor Corporation.
A growing domestic market and the rising share of exports from the country has meant that India continues to weigh heavily on the fortunes of Suzuki Motor Corporation's future.
It is not only production, but the contribution of India-based Maruti Suzuki in terms of sales, revenues and profitability continues to rise year after year.
Consider this, in the first nine months of this financial year, the share of Maruti Suzuki's sales in Suzuki Motor Corporation was 55 percent versus 50 percent for the same period in the last financial year. The revenues now account for 41 percent of the Japanese parents' global revenues and 45 percent of its profitability, these numbers were 33 percent and 15 percent respectively.
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