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Maruti still rules the Indian market

By Shally Seth Mohile
December 16, 2020 18:42 IST
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With 15 models and a market share of close to 50 per cent, Maruti rules the Indian market, selling almost 1.5 million units every year, rolling out one model every ten seconds, reports Shally Seth Mohile.

IMAGE: Then prime minister Indira Gandhi gives away the keys of the first Maruti 800 to Harpal Singh. Photograph: Kind courtesy Marutisuzuki.com
 

37 years ago, the first locally made Maruti 800 was delivered to Harpal Singh.

The Japanese carmaker, which entered the Indian market as a joint venture with the Government of India, has come a long way, creating several milestones.

With 15 models and a market share of close to 50 per cent, it rules the Indian market, selling almost 1.5 million units every year -- rolling out one model every ten seconds.

IMAGE: In December 1983, Indira Gandhi is being shown a model of the Maruti plant in Haryana. Photograph: Kind courtesy Marutisuzuki.com

No other market has seen the gap between the top two players as wide as this.

In FY20, Maruti's share was 50.99 percent, while Hyundai, the second-largest in the pecking order, had a share of 17.5 per cent.

IMAGE: A Maruti showroom in New Delhi, April 30 1998. Photograph: Sunil Malhotra/Reuters

Maruti Suzuki India's sales account for half of Suzuki Motor Corp's global volumes.

Even as the competition in the PV market is increasing, analysts expect the company to be in the pole position.

Feature Presentation: Ashish Narsale/ Rediff.com

 

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