Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
15469.60
-294.40 (-1.87%)
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Maruti Suzuki looking to enter mid-SUV segment to lift market share

Date: 08-09-2022

Maruti Suzuki is looking to enter mid-SUV segment to lift market share. Presently, the company's overall market share is under 45 per cent and the target is to lift it to 50 per cent.

As per the company, although Maruti is a market leader in the entry-SUV segment, it has no presence in the mid-SUV segment. The company feels a need to enter the mid-SUV segment for which it will launch a model in the last week of September this year.

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.