The utility vehicle today accounts for 25% of the overall market and the compact SUV space within that segment has been growing at over 25-30% over the past few years.
According to data released by industry body Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles had stood at 2,65,389 units in the year-ago period.
Kenichi Ayukawa moved Maruti Suzuki from being a small car specialist to one that is a significant force in more premium segments of the Indian market.
The two-wheeler major has formed a number of alliances with offshore firms but an outright acquisition would be a first for the New Delhi-based company.
Mahindra’s quadricycle project, codenamed C101, has come up for discussion several times, but has not moved at the pace of other projects.
All leading car makers, from Maruti Suzuki to Hyundai Motor, Mahindra & Mahindra and Tata Motors, have declared their intent to showcase a range of sustainable mobility solutions.
We will first enter the compact SUV (segment), which is a growing segment. We are aiming to position Kia as a trendy and innovative company, said Han Woo Park.
Honda Cars India premiered its all-new Amaze at Auto Expo 2018 to reinforce its position in the entry sedan segment to build volumes.
Electric vehicles are the defining theme of the auto expo this year, said Kenichi Ayukawa, MD at the country’s largest carmaker Maruti Suzuki India.
Of the $3 billion, almost $2.3 billion will be pumped in by listed unit Maruti Suzuki and the rest by manufacturing arm Suzuki Motor Gujarat.
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