Maruti Suzuki’s Market Share: Facing the Heat: The Reason Why Maruti Suzuki Lost Market Share

Maruti Suzuki says electric vehicles are still in the early stages with only limited infrastructure, range issues, and higher battery costs.

Summary

The share of Maruti Suzuki in the domestic passenger car market decreased 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 company’s lack of presence in the versatile vehicle (UV) segment.

The share of Maruti Suzuki in the domestic passenger car market decreased from 50.1% in the first quarter of fiscal year 2020 to 40.5% in the first quarter of fiscal year 23. The main reason for this is the company’s lack of presence in the versatile vehicle (UV) segment. With the automaker now planning to introduce new models into the segment, it remains to be seen how much it will help the company. Maruti Suzuki India is the market leader in domestic passenger cars,

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