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Maruti Suzuki sales volume India FY 2007-2020, by segment

India was expected to become the third largest vehicle market worldwide in the coming years. With economic development reaching new milestones and a burgeoning middle class, the passenger car market in the nation is expected to see some large growth trends. The passenger car market in the south Asian country is full of competition from domestic as well as international manufacturers. Maruti Suzuki had emerged as the leading manufacturer in the country. The company sold over 1.56 million vehicles during fiscal year 2020. In the passenger car market, four of the top five bestselling units were owned by Maruti.

Market outlook

Passenger vehicles in the nation are the second most important vehicle segment in terms of sales, trailing to the two-wheeler segment which seems best suited to the narrow twists and turns in the remote areas of the country. The industry is growing rapidly in order to cope up with the national and international demands for vehicles. Employment in the sector is estimated to reach almost 15 million by 2022.

Drive to the future

Despite the tremendous growth possibilities of the automobile market, increased pressure on issues such as pollution from the vehicles and dependency on oil imports are likely to play a role in the future of the industry. The government is promoting the use of alternative fuels and the adoption of hybrid vehicles. To streamline this switch, the goods and service tax on electric vehicles has been lowered to 12 percent as opposed to the 30-50 percent range for conventional fuel vehicles.

Sales volume of Maruti Suzuki Limited vehicles across India from financial year 2007 to 2020, by segment

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Source

Release date

October 2020

Region

India

Survey time period

FY 2007 to FY 2020

Supplementary notes

Note: India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

Values have been rounded off for clarity.

Data from previous reports was also used.

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Statistics on "Maruti Suzuki Limited"

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