 "Shareholders want Maruti Suzuki to explore entry into luxury car segment")
The thirty-seventh annual general meeting (AGM) of the country’s largest carmaker, Maruti Suzuki, was somewhat unusual. With a multi-year high market share of about 52 per cent in the world's fifth-largest car market, the company's shareholders want more.
A few shareholders now want the company to move up the ladder and explore an entry into the luxury car segment. At the AGM held in the capital on Thursday, one of the shareholders pointed out to the management that it was time for Maruti Suzuki to consider competing with the likes of the German luxury trio — Mercedes-Benz, BMW, and Audi.
