Maruti Suzuki and its parent Suzuki Motor are reportedly working to develop low-cost hybrid compact cars as they prepare to maintain their stronghold in the Indian market with eco-friendly vehicles expected gain traction.
The automaker currently offers only mild hybrid technology in Ertiga MPV and premium sedan Ciaz. With a fleet of over 15 models, MSI currently commands 47 per cent of the Indian passenger vehicles market. The company has set a target of selling 20 lakh units annually by 2020. It is expected to produce 16 lakh units this financial year.
Maruti Suzuki is an India-based company engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).
