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Suzuki aims to treble sales volume by 2030, retain 50% of Indian car market

The company is hoping to sell 5 mn cars a year in the Indian car market which is expected to grow to 10 mn units annually by 2030; It is also planning Rs 90 bn fresh investments

Ajay Modi & Vinay Umarji  |  New Delhi/Ahmedabad 

Japanese carmaker Suzuki is drawing aggressive plans to sell five million vehicles in India by 2030 through Maruti in an attempt to remain the market leader with a 50 per cent share.

This will be a near three-fold jump from its current sales volume and the auto major, which sits on a cash pile of $13 billion (including Maruti’s $5 billion) is getting ready to invest further in its most promising market. It expects the Indian market to grow to 10 million units annually by 2030 and it intends to control half the market then, like it does now. “The group will reinforce the ...

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First Published: Mon, September 03 2018. 21:27 IST
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