• With estimated sales of over 4.25 million units, India is set to overtake Japan in 2022 to become the world's third largest automotive market after China and the US.
Toshihiro Suzuki, representative director and president of Suzuki Motor Corporation, said on January 11 that India has the potential to become the world's number one automotive market, with small cars playing an important role.
According to Toshihiro Suzuki, electric vehicles alone will not be the solution to India's quest for carbon neutrality. However, he added that the firm would explore other technologies such as flex fuel, hybrid and CNG.
He was of the opinion that there is a need to strictly follow basic traffic rules and develop adequate infrastructure to ensure road safety, while it is important for automobiles to share their views on safety issues.
“I can see that a time may come when India will be positioned as the number one market (of automobiles) in the world. Maruti Suzuki and Suzuki as a group, we want to seize this opportunity. want to develop the technology." "To provide the right mobility solutions for this market," he told reporters on the sidelines of the Auto Expo 2023.
Refusing to share a possible timeline for India reaching the top spot, Suzuki insisted, "When I say India can become number one, it is from the point of view that India has the potential to become number one, and I see that there is a possibility." So that India can become number one."
India is set to overtake Japan to become the third largest automotive market in the world after China and the US in 2022 with an estimated over 42.5 lakh units sold.
On the roadmap for small cars, Suzuki said, "I think small cars are still an important category in India."
He added that the low penetration level of cars in India compared to the total population gives small cars "the potential to do well in the future".
"I think, in the future, you may not need big cars, you may only need small cars. I think it may be only small cars that are going to support people's mobility," Suzuki said.
Suzuki admitted that due to the delay in bringing SUVs to the Indian market, Maruti Suzuki has lost market share and the company will bring more products in this segment to regain its 50 percent share in the passenger vehicles category.
"We are in the process of taking action and improving market share..SUV is a boom..but what will be the next boom, we need to see," Suzuki said. expo here.
With the growing demand for SUVs in India, the small car segment, which is the bread and butter segment for Maruti Suzuki, the Indian arm of SMC.
On the company's roadmap for sustainable products in India, he said that when it comes to carbon neutrality, one option is EVs and other manufacturers have launched electric vehicles.
"But there cannot be one solution... When it comes to launching suitable vehicles in India, it should be suitable for the Indian market. So SMC does not want to be influenced by EV only. There are other options such as hybrid, ethanol, flex fuel," he said, adding that the company will also expand CNG options to provide the right kind of vehicles to meet the requirements of the Indian market.
He added that the group intends to hold discussions with the Indian government to be able to provide the right technology to march towards carbon neutrality.
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