Suzuki to increase market share in motorcycles segment to 5%

Company will launch new products in the motorcycle segment to align with the industry trend

From the present level of its market share of around 1% for mobikes, Japanese firm Suzuki Motorcycle India is aiming to increase it to 5% over the next two years, a company official said today.

"We are aiming to increase the market share in the motorcycle segment from one to five percent in the next 24 months. Now our market is skewed towards the scooter segment where we have 11 per market share," said Atul Gupta, executive vice-president of the company.

Suzuki would launch new products in the motorcycle segment to align with the industry trend where manufacturers like Bajaj and Honda were producing motorcycles in large numbers, he told reporters here.

Launching a new motorcycle in the premium 155cc segment, Gupta said the segment was witnessing a growth of 12-13% a year while the mass 100 cc category was growing at seven to 8%.

Suzuki is producing 5,000 motorcycles and 30,000 scooters a month at its Gurgaon plant which has a capacity to manufacture 5.4 lakh units per year, he said.