Maruti Suzuki India Ltd.

Maruti Suzuki India is planning to increase its production and aims to produce 20 lakh units in the ongoing fiscal (FY23) with improving availability of semiconductors. The upcoming mid-sized SUV Grand Vitara will play a key role in the challenge to touch 20 lakh units.

In 2021-22, total sales of the company increased by 13.4 per cent to 16.52 lakh units. It had lost out on sales in the first quarter of the fiscal due to the pandemic and production being affected by the shortage of semiconductors, mainly for domestic models.

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.