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Toyota set to introduce Urban Cruiser Taisor in India, a compact SUV based on Maruti Suzuki Fronx. Expect design alterations from Maruti model. Likely to feature petrol, hybrid, and potential CNG variants. Positioned competitively against Nissan Magnite and Renault Kiger.
Some are sceptical about the sustainability of high growth rates ahead. But what remains underappreciated is the growth lever available to the industry in the form of premium product mix. Car buyers are now ditching the entry level models and opting for new premium models.
Maruti Suzuki India s March sales grew by 10% to 1,87,196 units. The company achieved a milestone in annual sales, highest yearly domestic sales, and record exports. FY24 showed growth in total sales, domestic passenger vehicle sales, and exports.
In the financial year 2023-24, Maruti Suzuki achieved its highest-ever total sales, reaching 2,135,323 units. This includes domestic sales of 1,793,644 units and exports totaling 283,067 units.