Maruti Suzuki net sales FY 2014-2023
The net sales of Maruti Suzuki India Limited amounted to over 1125 million Indian rupees at the end of fiscal year 2023. The Indian company had a market share in the passenger vehicle segment of over 42 percent in 2022.
Product portfolio
Maruti Suzuki had their passenger vehicle product portfolio classified into three segments namely passenger cars, utility vehicles, and vans. In the passenger car segment, Swift was the most widely sold model for Maruti Suzuki in the financial year 2020. Of the top ten best selling cars in India, seven of them were from this company. Within the passenger car segment, some other widely sold models were Wagor R, a hatchback, and Dzire, a compact sedan type car as of March 2021. There were three products in the utility vehicle segment; Ertiga, a multi-purpose vehicle being one of them. Eeco was the only product in the van segment. Maruti Suzuki stopped manufacturing Omni in April 2019, one of it top sold and in-demand vehicle after 35 years of service due to introduction of modified and enhanced safety standards.
Competitive scenario
In the passenger car segment, Hyundai was the closest competitor to Maruti Suzuki with a market share of over 16 percent in the financial year 2020. Over 472 thousand car units of Hyundai were sold in 2021. Creta was the highest sales volume among all the Hyundai cars in 2020. Some other major players were Mahindra, Tata, and Honda.
Product portfolio
Maruti Suzuki had their passenger vehicle product portfolio classified into three segments namely passenger cars, utility vehicles, and vans. In the passenger car segment, Swift was the most widely sold model for Maruti Suzuki in the financial year 2020. Of the top ten best selling cars in India, seven of them were from this company. Within the passenger car segment, some other widely sold models were Wagor R, a hatchback, and Dzire, a compact sedan type car as of March 2021. There were three products in the utility vehicle segment; Ertiga, a multi-purpose vehicle being one of them. Eeco was the only product in the van segment. Maruti Suzuki stopped manufacturing Omni in April 2019, one of it top sold and in-demand vehicle after 35 years of service due to introduction of modified and enhanced safety standards.
Competitive scenario
In the passenger car segment, Hyundai was the closest competitor to Maruti Suzuki with a market share of over 16 percent in the financial year 2020. Over 472 thousand car units of Hyundai were sold in 2021. Creta was the highest sales volume among all the Hyundai cars in 2020. Some other major players were Mahindra, Tata, and Honda.
