According to foreign media reports, Maruti Suzuki, the Indian subsidiary of Japanese automaker Suzuki Motor, plans to increase the number of its car dealers in India by 70% to around 6,800 by fiscal year 2030.
Maruti Suzuki is the largest car company in India with the largest market share.
As of the end of June this year, the company had approximately 3,900 dealers in India.
In recent years, the company’s number of dealers has been growing at a rate of about 200 every year.
, It is reported that starting from fiscal year 2024, Maruti Suzuki plans to increase the annual number of dealers to 2.
5 times, that is, about 500 dealers per year, and plans to add about 2,900 new dealers in the next six years.
These new dealers will be established in small cities in India with increasing per capita income levels.
, Maruti Suzuki’s expansion of its Indian dealer network is not only due to the growth potential shown by the Indian automobile market as per capita income rises, but is partly due to the decline in sales in the China market.
Maruti Suzuki also plans to launch its first electric vehicle in India and Europe next year.
, Photo source: Maruti Suzuki.
In addition to Maruti Suzuki, it is reported that Toyota Motor also plans to build a new factory in India.
Toyota Motor and Suzuki Motor have established a strategic partnership: Toyota Motor will dominate the production of large cars in India, while Suzuki Motor may focus more on producing small cars.
, In addition, in early September, Ford Motor said it planned to restart a car manufacturing plant in Tamil Nadu to produce cars for export.
Ford Motor has submitted a letter of intent to the Tamil Nadu government.
, The Indian subsidiary of Hyundai Motor, a major South Korean carmaker, is also about to launch an initial public offering, with plans to raise about US$3 billion.
According to people familiar with the matter, the Securities and Exchange Commission of India (SEBI) has approved Hyundai Motor’s large-scale offering.
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