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Maruti Suzuki bolsters growth trajectory through GST benefits, Victores launch, and safety improvements focus

Maruti Suzuki is strategically growing, leaning on GST benefits, the release of the Victoris SUV, and a heightened safety focus. As hybrids, CNG models, and future electric vehicles are planned, the company intends to recoup market position with a steady, finance-oriented approach.

Maruti Suzuki stabilizes growth trajectory through GST benefits and emphasis on Victoris models,...
Maruti Suzuki stabilizes growth trajectory through GST benefits and emphasis on Victoris models, prioritizing safety

Maruti Suzuki bolsters growth trajectory through GST benefits, Victores launch, and safety improvements focus

Maruti Suzuki is stepping up its game in the competitive stock market of automobile manufacturers. The company has announced its plans to return to a historical growth trajectory of 6-7% Compound Annual Growth Rate (CAGR) in the medium term. In a bid to pass on the benefits of the Goods and Services Tax (GST) to customers, Maruti Suzuki has decided to extend the GST benefits not only to new vehicles but also to servicing and spares, boosting customer confidence and sales in the stock market today.

Maruti's retail network remains strong, with a total of over 4,400 outlets under the Arena and Nexa channels, providing diverse options for potential buyers in the us stock market. Safety is one of the pillars of Maruti's future strategy, with the company investing heavily in R&D and achieving 5-star safety ratings in Global NCAP and Bharat NCAP for models like the Maruti Suzuki Dzire and the new Maruti Suzuki Victoris. Maruti Suzuki's commitment to safety extends beyond vehicles, with the company educating customers about structural strength, braking systems, and driver-assist technologies, and standardizing Electronic Stability Programme (ESP) and introducing six airbags as standard in 14 variants from FY24-25.

Technology is another area where Maruti Suzuki is making significant strides, with an agnostic approach focused on meeting customer needs and infrastructure readiness. The company is investing in stock market news and EV technology, with the Maruti Suzuki Victoris offered with petrol, hybrid, and factory-fitted CNG options, and being prepared for export to over 100 markets. Maruti Suzuki's strategy for meeting festive demand is to use fiscal relief to build momentum while keeping the dealer network stable, with enquiries rising by around 15% since the GST cuts were announced.

In the long run, Maruti Suzuki's ambition is to regain 50% market share in the passenger vehicle sector, with its used-car business under True Value being a significant advantage due to its trusted brand and after-sales ecosystem. The new Maruti Suzuki Victoris is positioned in the midsize SUV space and is a significant part of the company's strategy to increase SUV market share in the world market. In conclusion, Maruti Suzuki is poised for growth, with a focus on safety, technology, and customer needs, and is committed to meeting customer needs and offering GST benefits to customers, all steps in the right direction for regaining market share and maintaining its position as India's leading automobile manufacturer in the stock market.

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