Tokyo Motor Show: Suzuki Motor to launch eight SUVs in India to regain 50% market share – Industry News

Suzuki Motor Corporation, which holds around 58.28% stake in Maruti Suzuki India, will introduce eight new sport utility vehicles (SUVs) over the next five to six years in the Indian market, as it works to regain market share lost to competitors, company President Toshihiro Suzuki said on Wednesday. Speaking at the Japan Mobility Show in Tokyo, Suzuki said that Maruti Suzuki aims to reclaim its 50% market share, even as competition has reached its fiercest level in the company’s four decades of operations in India. With this, the company’s total lineup will increase to 28 models.

He acknowledged that achieving the 50% market share target by 2030-31 will be more challenging over the next five years than ever before. To reach this goal, the company is allocating Rs 70,000 crore for capital investment in India and emphasising a multi-fuel strategy for carbon neutrality. Maruti’s market share in the passenger vehicle segment during April-September stodd at 38.8%.

“We have planned an investment of 1,200 billion yen (Rs 70,000 crore) towards capital investment for India. We remain committed to achieving a 50% market share and becoming number one in EV production, sales, and exports. And we are on course to expand production capability to 4 million units,” he said.

The company has made India its production hub. Of the 4 million units it plans to produce in India, 3 million cars will be sold domestically, while exports will account for 1 million units.

In the financial year 2025, Maruti Suzuki recorded its highest-ever exports, surpassing 330,000 vehicles. With key markets in Africa and the Middle East, the company’s overseas shipments have grown nearly 3.3 times over the past five years. With exports to Europe and Japan now underway, volumes are expected to climb further to around 400,000 units in the current fiscal.

India is the largest market for Suzuki, with the country accounting for over 61% of total output in the previous financial year and 57% of its total global sales.

In August, Maruti Suzuki began production of its first global electric vehicle, the eVitara, at its Hansalpur plant in Gujarat. The company aims to produce 67,000 units this fiscal year, with the majority destined for export to over 100 countries.

Suzuki Motor is pursuing a multi-fuel strategy for decarbonization, especially in India. The company is following a multi-technology pathway that includes BEVs, strong hybrids, flexible-fuel vehicles, hydrogen, and biogas-based solutions to achieve this.

Highlighting India’s central role in this transition, Suzuki said the company is building compressed biogas (CBG) plants. The company has planned a total of nine CBG projects in Gujarat by 2027.

Suzuki showed its CBG Fronx at the Japan Mobility Show 2025.(The correspondent is in Tokyo at the invitation of Maruti Suzuki India)