Home Finance News Maruti expects enhance in SUV mkt share this fiscal

Maruti expects enhance in SUV mkt share this fiscal

New Delhi: Maruti Suzuki expects substantial enhance in its market share within the sports activities utility car (SUV) section this fiscal with the brand new Brezza and Grand Vitara receiving strong response, in line with a senior firm official.

The auto main additionally plans to introduce extra fashions within the SUV section within the remaining a part of the monetary yr. “In July we have been at 7.1 per cent (market share) within the SUV section…it elevated to 10.8 per cent in August, 13.01 per cent in September and 14.4 per cent in October.

So it’s displaying an growing development,” Maruti Suzuki India (MSI) Senior Govt Officer Advertising & Gross sales Shashank Srivastava mentioned in an interplay. He famous that the market share would have elevated additional if the corporate had not confronted provide points with Brezza final month. “I’d not prefer to challenge a going ahead determine however can safely say that we expect a great enhance (in market share) this fiscal as we anticipate to launch just a few extra SUVs,” Srivastava mentioned.

He famous that the achieve would assist it regain market share within the general passenger automobiles section. “Strengthening SUV section is a crucial a part of our technique to regain the general market share which we misplaced because of non presence within the SUV section,” Srivastava mentioned. MSI, which didn’t have a reputable presence within the mid-size section, had ended final fiscal with a market share of 10.9 per cent within the SUV area.

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