In his first interview to the Indian media on the helm of the nation’s greatest carmaker, Hisashi Takeuchi mentioned competitors is getting “extra critical” in a market that has “large” progress potential.
“We have to take the combat (to our rivals) and we additionally want to usher in aggressive merchandise at inexpensive costs,” Takeuchi informed ET. “I really feel comfy that we are able to now take market share again and enhance volumes as soon as once more… With out success in SUVs, it’s not doable to succeed in a 50% market share. We’ve a plan to return again to this SUV market within the coming 12 months or two.”
Maruti goals to keep up its management place regionally and want to personal a 50% share of unit gross sales.
Technique for EV, SUV
Takeuchi mentioned SUVs will probably be on the centre of the technique to construct incremental market share. The corporate will quickly launch a midsize SUV to tackle Hyundai Creta, Kia Seltos and Skoda Kushaq.
“EV is a strategic product for Suzuki. We’re considering of introducing this not solely within the Indian market, however we’re additionally considering of exporting this mannequin”
With gross sales of 1.37 million models, Maruti Suzuki reported a market share of 43.4% in FY22, in contrast with 47.7% recorded the 12 months earlier than. The corporate additionally plans to launch its first EV by 2025. The EV, to be manufactured at Suzuki’s manufacturing facility in Gujarat, may even be exported.
Takeuchi mentioned restricted chip availability for the home market disrupted output and led to an erosion in market share, though Maruti Suzuki greater than doubled its exports within the just-concluded fiscal 12 months.
“Home volumes have been restricted and we couldn’t promote as many vehicles as we wished to due to the semiconductor state of affairs,” he mentioned. Maruti Suzuki has pending orders of 270,000 models.
“This EV is a strategic product for Suzuki. We’re considering of introducing this not solely within the Indian market, however we’re additionally considering of exporting this mannequin,” Takeuchi mentioned. “The Gujarat manufacturing unit is in a great location and near the port.”
As soon as EVs are mainstreamed in India, the corporate will begin their manufacturing throughout different factories within the nation.