Mumbai, Feb. 20 -- Maruti Suzuki, India's leading car manufacturer, has unveiled ambitious plans to capture a dominant 50% market share. The company will pursue this goal through a multifaceted strategy focused on expanding production, strengthening its product portfolio, and aggressively entering the electric vehicle (EV) market.

This announcement follows a review of Suzuki Motor Company's current Mid-Term Management Plan (FY2021-FY2025). While the company achieved its revenue and profit targets ahead of schedule, thanks to improved sales mix, quality, and favorable exchange rates, it fell short of its sales volume goals. This, coupled with a declining market share in India and intensifying competition in the EV space, has prompted a st...