Maruti Suzuki India Ltd.

Maruti Suzuki India is aiming production activity to improve in the January-March quarter of current fiscal (Q4FY22) with gradual improvement in the supply of critical electronic components. The company is also looking at ways, including bolstering its SUV portfolio, in order to get back to 50 per cent market share in the domestic passenger vehicle segment in the years ahead.

The company's cumulative market share currently hovers around 44 per cent as it continues to struggle in the mid-size SUV segment, which has been growing at a fast clip. An estimated 90,000 vehicles could not be produced during the third quarter owing to the global shortage of electronics components mostly corresponding to the domestic models. The enquiry, bookings and retail sales in the third quarter have shown an improvement sequentially.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.