Maruti expects domestic market share to decline next year
23 December 2010
Maruti Suzuki India Ltd (MSIL), producer of half the cars sold in the country, said its market share may fall in the next fiscal year beginning April due to capacity constraints even as sales rise across the industry.
''If there is an exponential growth in the Indian car market next fiscal year, we may see a dip in our market share,'' chief executive officer Shinzo Nakanishi, told reporters today in New Delhi. He added that expansion at Maruti's factories would be completed only in 2012.
According to the Society of Indian Automobile Manufacturers, MSIL which is 54-per cent owned by Japan's Suzuki Motor Corp, had a 49-per cent share of car sales in India in the April-November period.
The company is adding capacity and introducing new models to counter competition from Toyota Motor Corp, Volkswagen AG, General Motors Co and others.
Meanwhile, the car maker has said that it would launch an upgraded variant of the Swift by the end of next year. Maruti had unveiled the 3rd generation Suzuki Swift in Hungary earlier this year.
The company said it would reorient the production of 'Swift' and 'DZirE' at its Gurgaon and Manesar to enhance output.