BackSuzuki targets 5% market share in motorcycles segment in two years
The Japanese firm would launch new products to align with the industry trend where other manufacturers have been producing motorcycles in large numbers
Premium
Kolkata: Japanese two-wheeler maker Suzuki Motorcycle India Pvt. Ltd is aiming to increase its share in the Indian motorcycles market from around 1% to 5% over the next two years, Atul Gupta, executive vice-president of Suzuki Motorcycle India, said on Monday.
“We are aiming to increase the market share in the motorcycles segment from 1 to 5% in the next 24 months. Now our market is skewed towards the scooter segment where we have 11% share," Gupta said.
Suzuki would launch new products in the motorcycle segment to align with the industry trend where manufacturers like Bajaj and Honda were producing motorcycles in large numbers, Gupta told reporters.
Launching a new motorcycle in the premium 155cc segment, Gupta said the segment was witnessing a growth of 12-13% a year while the mass 100cc category was growing at 7-8%. Suzuki is producing 5,000 motorcycles and 30,000 scooters a month at its Gurgaon plant, which has a capacity to manufacture 540,000 units per year, he said.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
