Maruti’s India Car Market Share May Decline Next Year
This article is for subscribers only.
Maruti Suzuki India Ltd., maker of half the cars sold in the country, said its market share may drop in the next fiscal year beginning April as it faces capacity constraints amid rising industrywide sales.
“If there is an exponential growth in the Indian car market next fiscal year, we may see a dip in our market share,” Shinzo Nakanishi, chief executive officer, told reporters today in New Delhi, where the company is based. Expansion at Maruti’s factories will be completed only in 2012, he said without forecasting a market share.