India’s largest car manufacturer will launch ten new cars in the next two years including the all-new Alto and Celerio, the massive investment of Rs. 14K crore is planned
India’s largest car manufacturer, Maruti Suzuki has more than 50% of the market share in the market. The brand is now planning to make a fresh investment of Rs. 14,000 crores over the next two year to increase the capacity of their plants, acquiring land for dealerships and introduce new models in the market.
Maruti Suzuki plans to launch as many as 10-12 new cars in the next two years. Most of these new models will be updated to meet the upcoming Bharat New Vehicle Safety Assesment Program (BNVSAP), which will be implemented in October 2019 and then the BS-VI emission norms that will come into effect next year in the Indian market.
Maruti Suzuki launched the all-new Ertiga in the Indian market and updated Baleno with new features this year. Soon, the brand will launch the 2019 Ignis, all-new Maruti Suzuki Alto, all-new Maruti Suzuki Celerio, Maruti Suzuki Ciaz and Ertiga with a 1.5-litre diesel engine that was developed in-house by the brand.
Maruti Suzuki will also launch the micro SUV based on the Future S concept in the Indian market later this year. Also, there are plans to launch a more premium version of the Maruti Suzuki Ertiga that will take on the Toyota Innova in the Indian market.
Maruti Suzuki will also launch a slew of electric and hybrid cars in the future. The first EV that will be launched by the brand in the Indian market will be the WagonR Electric that is expected to be launched by 2020. Also, new hybrid vehicles will be launched from the partnership with Toyota.
Maruti Suzuki is expected to get the all-new Toyota Corolla Altis in 2020 that will be rebadged and sold through the Nexa dealership network of the brand.
Last year, the brand saw a slow growth rate, but there are plans to achieve a 6-8% growth rate in 2019 and a target to sell 2 million units in this calendar year.