Maruti Suzuki is preparing to dominate the auto sector, this year the company will make 20 lakh cars

Maruti Suzuki India NewsThe country’s largest carmaker Maruti Suzuki India has set a target of producing around 20 lakh units in the current financial year due to improvement in semiconductor supply, for which it will also increase its production. The company’s chairman RC Bhargava, in his message to shareholders in the annual report for the financial year 2021-22, has said that the new SUV model Grand Vitara will play an important role in achieving the production target of 20 lakh units in the current financial year.

In the last financial year, Maruti Suzuki’s production grew by 13.4 percent to 16.52 lakh units. The company achieved this production figure despite the adverse impact on production activities due to the second wave of the pandemic in April-June 2021. Apart from this, the company could not sell vehicles according to the demand due to disruption in the supply of semiconductors. Bhargava said, at the end of the financial year 2021-22, we could not supply about 2.7 lakh vehicles despite booking.

Due to less supply in the domestic market, its market share also came down from about 50 per cent to 43.4 per cent. According to the data of SIAM, an organization of Indian automakers, a total of 30,69,499 passenger vehicles were sold in the domestic market in the year 2021-22 as against 27,11,457 units sold a year ago. Presenting his assessment for the financial year 2022-23, Bhargava said, with better availability of semiconductors, the condition of vehicle production will be better. We have also taken some steps to increase our production. We have set a target of taking this figure to 20 lakh units. Well, achieving this will be a challenge.

However, he added that the production of the Grand Vitara model at Toyota’s plant is expected to meet the challenge of increasing production for Maruti Suzuki. He said that the introduction of the Grand Vitara model will strengthen the company’s position in the SUV segment. Apart from this, the company has recently launched its old SUV Brezza in a new avatar. In the context of electric vehicles, the company chairman said that from the financial year 2024-25, the production of electric models will start at Suzuki Motor Corporation’s Gujarat plant and Maruti will sell them. However, he said that it will take time for EV models to take a significant place in the car market. He said that Maruti Suzuki has started preparations to set up a new production plant at Kharkhoda in Haryana keeping in mind its future requirements. Rs 11,000 crore will be invested on the first phase of this plant.

Leave a Reply

Your email address will not be published. Required fields are marked *