Maruti Suzuki aims to reclaim 50% market share in India, eyes top spot in EVs
New Delhi, February 20, 2025.India’s biggest carmaker Maruti Suzuki wants every other car sold in the country to be from its stables, as the company eyes reclaiming a 50% market share as part of a new mid-term management plan for FY25-FY30. The company is also aiming to be the biggest producer, exporter and seller of electric vehicles (EVs) in the country, despite a delayed pivot to the EV segment where it is yet to commence any sales.The company last commanded that level of market penetration in FY19, but has since ceded some ground to rivals like Tata, Hyundai and Kia. As of FY23, the company’s market share in India stood at 41.6%.While the company noted it achieved revenue and profit targets ahead of schedule by improving sales mix and quality, its sales volume target could ...
