HomeTech newsThere will no longer be a waiting problem on Maruti Suzuki cars,...

There will no longer be a waiting problem on Maruti Suzuki cars, the company made a big announcement

Highlights

Maruti Suzuki India expects improvement in semiconductor supply.
The company was unable to deliver 2.7 lakh cars despite bookings last year.
Maruti’s stake had also come down from 50 per cent to 43.4 per cent.

New Delhi. The country’s largest carmaker Maruti Suzuki India has set a target of producing about two million cars in the current financial year due to improvement in semiconductor supply, for which it will also increase its production. The company’s chairman RC Bhargava, in his message to shareholders in the annual report for the financial year 2021-22, has said that the new SUV model Grand Vitara will play an important role in achieving the production target of two million cars in the current financial year.

In the last financial year, Maruti Suzuki’s production grew by 13.4 percent to 16.52 lakh units. The company achieved this production figure despite the impact on production due to the second wave of the pandemic in April-June 2021. Apart from this, the company could not sell vehicles according to the demand due to disruption in the supply of semiconductors.

Also read- Strong discount on 7 seater car cheaper than 6 lakhs, mileage and safety also tremendous

Company could not deliver
Bhargava said, “At the end of FY 2021-22, we could not supply around 2.7 lakh vehicles despite bookings.” Due to less supply in the domestic market, its market share also came down from about 50 per cent to 43.4 per cent. He said, ‘The condition of vehicle production will be better with better availability of semiconductors. We have also taken some steps to increase production. We have set a target of taking this figure to 20 lakh units. Well achieving this will be a challenge.

sales were down last year
According to data from SIAM, an organization of Indian automakers, a total of 30,69,499 passenger vehicles were sold in the domestic market in the year 2021-22 as against 27,11,457 units sold a year ago. The Maruti chairman said that with the production of the Grand Vitara model at Toyota’s plant, Maruti Suzuki is expected to meet the challenge of increasing production.

Also Read – Bumper Savings! 5 cars of maruti suzuki which have no break in mileage, demand is also tremendous

Manufacturing of electric cars will start from 2024
With the arrival of the Grand Vitara model, the company’s position in the SUV segment will be strengthened. Apart from this, the company has recently launched its old SUV Brezza in a new avatar. Talking about electric cars, the company’s chairman said that from the financial year 2024-25, the production of electric models will start at Suzuki Motor Corporation’s Gujarat plant and Maruti will sell them. However, he said that it will take time for EV models to take a significant place in the car market.

Tags: auto news, Autofocus, Car Bike News, Maruti Suzuki

,

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments