Maruti Suzuki’s Market Share At 8-Year Low

Maruti Suzuki has suffered a major setback. Its market share has come down to 43 per cent in the financial year ended March 31, 2022. This is the lowest level in 8 years. The company has incurred a loss of 8% in three years. Its market share was 42% in 2013-14. The company has long maintained its market share of the Indian passenger cars above 50% and stood at 51% as of 2020. There are many reasons for this. The turmoil and corona incidents in the world lasted for a long time. In some countries, the effect of stress has also been shown on domestic vehicle sales.