The country’s largest automotive company Maruti Suzuki Ltd, expects a strong double-digit growth and further consolidation of its market share during 2016-17.
The company, which closed last financial year with a market share of 47 per cent, the highest share it logged in the past seven years, started off this fiscal on a positive note, gaining 1.5 per cent share to take it to 48.5 per cent in May 2016.
“Various models in our portfolio, including Vitara Brezza, Baleno, Ciaz and Ertiga, have all been amongst the leaders in the segments they are operating in and continue to attract customers into the Maruti fold. In fact, Brezza has a wait-list period of about six months,” RS Kalsi, Executive Director of Maruti Suzuki, said.
“We had closed last fiscal with a market share of 47 per cent and in May this year, we have witnessed a growth of about 13 per cent as against industry growth of 5 per cent. This only speaks about the strong range of cars in our portfolio. To this, we expect to add Ignis and Baleno RS, which will further add to the growth momentum,” he said.
Speaking on the sidelines of inauguration of a Maruti showroom, Kalsi said, “With the launch of two more models, we are keen to sustain this growth we have seen and expect to close this financial year with a strong double-digit growth, while SIAM has indicated at the likely industry growth rate of about 6-8 per cent.”
Kalsi and T Hashimoto, Executive Director, Maruti, launched the fifth showroom of Saboo RKS Motors in Hyderabad.