Business Line cited Mr SY Siddiqui COO of Marutin Suzuki India Ltd as saying that Maruti Suzuki India Ltd is aiming at 45% market share and a sales volume of 1.8 million cars each year by 2015-16, which is a realistic target.
Mr Siddiqui, who earlier delivered a lecture at Gitam University, said in an interview that the present market share was 40%. He said that “We have a strong base in the country and in spite of stiff competition from other players we are confident that our share will not slump below 40%. It is really good, considering that even in the developed world the dominant player’s market share does not exceed 30%.”
He said that the company was setting up a new manufacturing unit in Mehsana district of Gujarat with an annual capacity of 2,50,000 cars, land acquisition for which had been completed. The work may begin sometime in 2013. The company was also setting up 5 stockyards one each at Bangalore, Nagpur, Ranchi and Siliguri. The site for the fifth one had not yet been chosen. He said that he would suggest to the top management the name of Visakhapatnam as it had two ports and the other infrastructure. We will seriously consider the matter.
He added that the response to the new Alto model was good and so far 48,000 cars had been booked and 14,000 delivered. We may clear the backlog in two or three months. But then the demand is so good every minute there is an order for a new car.
In response to a question on labor unrest in the company, he further added that the issue had been settled and production at the Manesar unit had reached normal levels. A new wage settlement had been reached and “there is no problem now.
Source - Business Line