Maruti Suzuki India aims to sell two million vehicles in the current financial year, an 8.1% increase over the previous year. The target, shared at a vendor meet, exceeds industry projections by 350-500 basis points. Despite industry growth predictions of 3-5%, Maruti plans to boost sales with new Swift and Dzire models. However, compact car sales face challenges due to shifting consumer preferences towards SUVs, with a 4% decline in FY24. Maruti urges vendors to prepare for a 10% increase in supply, targeting 2.4 million units. To achieve its 2030 output doubling goal, Maruti plans increased exports and a Rs 1.25 trillion investment. In FY24, Maruti gained 100 basis points in market share, primarily due to SUV sales.
Maruti Suzuki Targets 2 Million Vehicle Sales in FY25
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