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Suzuki Motor sees Indian PV market at 7-8 mn by 2030, Maruti aims 50% share

Pre-Covid it had predicted that the market would reach 10 million

A man is seen through a compartment board with the logo of Suzuki Motor seen on it at the company's showroom in Tokyo
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India is SMC’s largest market by sales and contributes 55 per cent in its global sales

Shally Seth Mohile Mumbai
Even as Suzuki Motor Corporation (SMC), the Japanese parent of Maruti Suzuki India, is bullish on India's  passenger vehicle (PV) market, it expects the market to end the decade lower than its earlier projection.

SMC expects the world’s fourth largest PV market to end the decade with 7-8 million units, against its earlier forecast (done in the pre-Covid years) of 10 million units by 2030, the company said in an investor call on November 8. India is SMC’s largest market by sales and contributed 55 per cent in its global sales.

“If the passenger car market continues as it is

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First Published: Nov 29 2022 | 10:43 PM IST

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