market share of maruti suzuki : Facing the heat : Reason for the loss of market share of Maruti Suzuki

Maruti Suzuki says electric vehicles are still at a nascent stage with only limited infrastructure in place, range issues and higher battery costs.

Synopsis

Maruti Suzuki’s share of the domestic passenger vehicle market increased from 50.1% in Q1FY20 to 40.5% in Q1FY23. The main reason for this is the company’s lack of presence in the commercial vehicle (UV) segment.

Maruti Suzuki’s share in the domestic passenger vehicle market fell from 50.1% in the first quarter of FY20 to 40.5% in the first quarter of FY23. The main reason for this is the lack of company’s presence in the utility vehicle (UV) segment. With the automaker now planning to introduce new models in this segment, it remains to be seen how much this would help the company. Maruti Suzuki India is the market leader in domestic passenger cars,

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