{"id":242994,"date":"2023-10-25T09:19:21","date_gmt":"2023-10-25T09:19:21","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=242994"},"modified":"2023-10-25T09:19:21","modified_gmt":"2023-10-25T09:19:21","slug":"suzuki-aims-to-sell-3-million-vehicles-in-india-by-2030","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/news-features\/suzuki-aims-to-sell-3-million-vehicles-in-india-by-2030\/","title":{"rendered":"Suzuki aims to sell 3 million vehicles in India by 2030"},"content":{"rendered":"
India is the single-largest market for the Suzuki Motor Corporation. <\/h2>\n
The Suzuki Motor Corporation (SMC) has set a goal to sell 3 million passenger vehicles in the country by 2030. The carmaker has also committed to doubling its manufacturing capacity to 4 million units within the next 10 years.<\/span><\/p>\n
India\u2019s passenger vehicle market is estimated to grow from over 4 million units in 2023-24 to 6 million units by 2030. By the end of this decade, Maruti Suzuki aims to increase its market share from the current 42% to 50%. The carmaker expects EVs to make up 15% of its total sales.<\/span><\/p>\n
Unlike other domestic brands that are focused on bringing EVs into the market, Maruti Suzuki is betting big on hybrid vehicles. The company expects hybrid to account for a quarter of its sales by the end of this decade. It also has the highest market share for CNG passenger vehicles at 74%.<\/span><\/p>\n
India is the single-largest market for the Suzuki Motor Corporation. In FY2021-22, India contributed 39% of SMC\u2019s total global revenue at 1,788 billion yen, surpassing Japan\u2019s 1,212 billion yen, while other global markets in Asia, Europe and America contributed 1,641 billion yen.<\/span><\/p>\n