Suzuki Motor Sets Sights on 50% Market Share in India by FY30 with Bold New Strategy

Suzuki Motor Corp has unveiled ambitious plans to reclaim a 50% market share in India's automotive sector by FY30. The company will invest in new technology development and expand its production capacity to 4 million vehicles annually. Suzuki plans to launch four Battery EVs in India by FY30 and increase its dealership network by 70% to 6,800 outlets. The strategy includes a capital investment of 1,200 billion Yen between FY25-30. This move comes as Suzuki faces declining market share and intensified competition in India's evolving automotive landscape, particularly in the electric vehicle segment.

 

Source: Moneycontrol