Maruti hopes to recapture over 50% market share in India

Maruti Suzuki India, the top car maker in the country, has stated that it will recapture its long held market share of more than 50 percent in the domestic market by the end of this financial year. According to a statement given by Shinzo Nakanishi, Maruti Suzuki Managing Director, by the end of this fiscal, the company will again have a control over 50 per cent of the domestic passenger car market. In fact, that's company's current aim. Meanwhile, the company is gearing up to launch new CNG versions of five of its portfolio models in the Indian market that comprises of some of its most popular cars in India like Alto, Estilo, Wagon R, Eeco and SX4. The company is hoping to register volume sales in the country by launching the alternative fuel variants of its high volume driving cars in the Indian market. All of these new variants will be launched simultaneously in a single day in the country. Mr Nakanishi added that with the launch of five new CNG cars, the company hopefully will increase its market share to over 50 per cent. It is to be mentioned here that the market share of this Indian auto giant slipped below 50 percent in the sales of the first half of this year. The market leader sold a total of 2,82,488 units of its cars during the April-July period, which was as much as 47.68 per cent of the total car sales of 5,92,405 units during the same period. The company had managed to sell 2,33,811 units during the same period last year, which was about 53.13 per cent of the total market sales of 4,40,069 units during the same period.