Mexican Media Brands
Maruti Suzuki Captures 50% of Indian Car Market
Maruti Suzuki India Ltd. reports that its sales surged 13% to 1.78 million vehicles in the fiscal year ended last month, hiking its share by 2.7 points to half the Indian market.
#economics
Share
Maruti Suzuki India Ltd. reports that its sales surged 13% to 1.78 million vehicles in the fiscal year ended last month, hiking its share by 2.7 points to half the Indian market.
The expansion boosted the venture’s revenue 17% to 781 billion rupees ($11.7 billion) and increased net profit 5% to 77.2 billion rupees ($1.2 billion).
But Chairman R.C. Bhargava says the company’s outlook is clouded by India’s ambitious car electrification goals. He notes that about 75% of new cars sold in India are less than 4 meters (12 feet) in length and cost no more than 500,000 rupees ($7,500).
Bhargava estimates that electrifying such a vehicle would more than double its price. He suggests that hybrid powertrains or piston engines modified to burn compressed natural gas rather than gasoline would be far more economical options to improving India’s air quality.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.