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Maruti aims to sell 3 lakh automatic cars annually by 2020

IBEF:  May 29, 2017

New Delhi: India's largest car manufacturer, Maruti Suzuki India, is targeting to sell around 150,000 units of vehicles equipped with automated gear shift (AGS) technology by end of FY 2017-18, and touch 300,000 units mark by 2020, from the current levels of 94,000 units per annum. The company currently offers AGS technology in Alto K10, Wagon R, Celerio, Ignis and Dzire, CVT (continuously variable transmission) technology in Baleno, and AT (automatic) transmission in Ciaz and Ertiga. The company is also in the process of enhancing its production capacity of automatic transmissions and has also gone in for localisation of various parts in order to make the variants affordable. The company currently has a 47% market share in India's domestic passenger vehicle market. Total passenger vehicle sales touched 94,736 units comprising AGS, CVT and AT technologies in FY2016-17, compared with 56,968 units in 2015-16, and 32,426 units in FY 2014-15.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.