Maruti Suzuki-5years of Redefining Customer Experience
Every second car on the Indian road is a Maruti Suzuki car. Seems fascinating, but it is the truth. Starting from FY 18, Maruti Suzuki has continued to enjoy a 50% market share in the passenger vehicle segment, closing FY 20 with 51% to be precise . The nearest competitor Hyundai Motors has a 17.48% market share. It also has leading dealership chains in the form of Maruti Suzuki Arena and Maruti Suzuki Nexa. The Automobile giant, which was started in 1981 as a joint venture between the Government of India and Suzuki Motor Corporation (SMC), Japan has achieved new heights year after year. Well known for providing affordable cars, Maruti Suzuki is now a public limited company in which SMC holds 56.28% of its equity stake. Shares of Maruti Suzuki are traded at National Stock Exchange (NSE) & Bombay Stock Exchange (BSE). Product Portfolio Maruti Suzuki sold 1,563,297 vehicles in 2019-20 which was 16.06% less than what it sold in 2018-19. Major reasons contributing to declining in ...