Maruti Suzuki to launch 7 new SUVs in 5-6 years: MD & CEO

Car market leader Maruti Suzuki India Ltd plans to drive in seven new SUVs in the next five to six years in order to enhance its share in the fast-growing segment, its Managing Director & CEO Hisashi Takeuchi said on Tuesday.

In an investor presentation, he said the company will also introduce entry level car "unique to Suzuki" in order to tap first time buyers in India.

"The share of SUVs within the Indian passenger vehicle market has been growing rapidly. Maruti Suzuki is expanding its product offerings in the SUV segment to secure market share," Takeuchi said. He further said, "In the next five-six years, seven new SUVs are planned to be introduced."

The Indian passenger vehicle market has witnessed an increase in SUV composition ratio, which reached 54.7 per cent in 2024 from 26.5 per cent in 2019, he noted.

The SUV market share of Maruti Suzuki India Ltd (MSIL) increased from 16.8 per cent in FY19-20 to 19.6 per cent in FY25-26 (Apr25-Feb26 period), Takeuchi said, adding "this market share gain was driven by several new SUV launches".