Suzuki Motorcycle plans to double the market share by 2020 and sell more than one million vehicles in the Indian market.
Now 5 percent share in Indian market
Suzuki accounts for just 5% of the Indian market, selling about 17 million two-wheelers. According to the current figures, Hero MotoCorp and Honda have a good dominance in the market at the moment and they have about 70% market share. While its other subsidiary Maruti Suzuki holds more than 50% share in the domestic market of cars.
Expected to sell 5 lakh vehicles this yearWith a major investment of Rs 1,000 crore, this company can expand into India’s two-wheeler market. In which many new vehicles will also be introduced in the market along with old trains. The company’s managing director Satoshi Uchida said that Suzuki had sold three and a half lakh vehicles in 2016. Sales of half a million units are expected to increase by 40% by the end of this year. The company has set a target of selling seven lakh vehicles next year and one million in 2020.
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