Maruti Suzuki India Ltd.

Maruti Suzuki India is likely to launch new vehicles in the sports utility (SUV) and multi utility (MUV) segment by 2015. The company aims to regain 50% market share through this new launch. It plans to develop these vehicles with the parent company, Suzuki Motor Corp and target their launch in the upcoming Auto Expo and beyond.

The company sells 15 models in the Indian market and almost a dozen of these are in the compact vehicle segment. It has lost almost 5% market share this year due to prolonged workers strike due in Manesar plant, from where most new cars roll out.

The company’s net profit has declined by 59.81% at Rs 240.44 crore as compared to Rs 598.24 crore for the quarter ended September 30, 2010. The company’s total income has decreased by 14.36% at Rs 7949.36 crore for the second quarter of the current fiscal whereas the same was at Rs 9282.30 crore for the corresponding quarter of the previous fiscal.