maruti suzuki market share: Facing the heat: Reason behind Maruti Suzuki’s market share loss

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

Synopsis

Maruti Suzuki’s domestic market share of passenger vehicles has fallen from 50.1 per cent in Q1FY20 to 40.5% in Q1FY23. The primary reason for this is the company’s lack of presence in the utility vehicle (UV) segment.

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

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