Maruti Suzuki To Launch SUV & MUV's For The Indian Roads

 Maruti Suzuki India has announced the launch of new vehicles in the sports utility and multi utility segment in their bid to regain 50% market share by 2015 according to the company MD, Shinzo Nakanishi.

Maruti, which is a 54.2% owned subsidiary of Japanese carmaker Suzuki Motor Corp, would develop these vehicles with the parent company and target their launch in the upcoming Auto Expo 2012 and beyond.

"There is a vast chunk of market, almost 18% of the passenger vehicles sold in India where we don't have any presence. So, as we aim to regain our market share and take it to beyond 50%, we will introduce vehicles in the new segment that are not in our current portfolio," Maruti MD S Nakanishi said.

Maruti sells 15 models in the Indian market and almost a dozen of these are in the compact vehicle segment. It has lost almost 5