'GST reduction will help larger and high-end cars too.'
Maruti Suzuki's e-Vitara marks its high-stakes EV debut with strong export ambitions, lifting its stock even as analysts caution over pricing and fierce competition.
The list clearly shows the dominance of Maruti and Hyundai in the Indian passenger vehicle market.
Maruti Suzuki India is facing stiff resistance from private sector mutual funds and insurance companies, which own almost 7 per cent of the company, for its decision to allow Suzuki to make cars for the Indian car-maker at a proposed plant in Gujarat instead of manufacturing vehicles itself.
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
It has a variant with automatic transmission that costs Rs 380,000.
Developed at an investment of Rs 620 crore (Rs 6.2 billion), the most on a car by Maruti Suzuki, the Ciaz will also be exported to West Asia, Europe, Africa and Latin America.
It may not have a bold design but it addresses the needs for comfortable and affordable commuting.
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