Maruti Suzuki India, which is gearing as much as launch the up to date variations of its multi-purpose automobiles (MPVs) like Ertiga and XL6, is hopeful of retaining its management standing within the phase in FY23 with over 60% market share, in line with a senior firm official.
The new Maruti Suzuki Ertiga will likely be launched on April 15, whereas the brand new Maruti Suzuki XL6 will enter the market on April 21.
“Our market share is just above 60% for MPVs. We are hopeful that in FY23 we will be able to retain the large market share that we already have in this segment,” Shashank Srivastava, senior govt director, advertising and gross sales, Maruti Suzuki India, instructed FE.
“This segment (MPV) roughly is about 20,000-22,000 units a month, out of which 13,500 units come from Maruti Suzuki India, with Ertiga contributing 10,000 units and XL6 around 3,500 units. We are expecting a similar sort of range in FY23,” he added.
The industry-wide MPV quantity stood at round 259,000 items in FY22 and with gross sales of almost 156,000 items, Maruti Suzuki India’s market share within the phase was somewhat over 60%. In comparability, whereas the MPV quantity for the {industry} was 200,854 items in FY21, Maruti Suzuki India had a market share of 57% with gross sales of 114,403 items.
Apart from Maruti Suzuki Ertiga and Maruti Suzuki XL6, MPV phase consists of fashions like Toyota Innova Crysta, Renault Triber, Mahindra Marazzo, Kia Carens and Kia Carnival.
CNG variants contribute 45% to the general quantity of Ertiga, in line with Maruti Suzuki India. At current, XL6 doesn’t have a CNG possibility.
When requested if the rising CNG costs would impression the corporate’s quantity, Srivastava stated that even with elevated costs, there’s a huge hole within the costs of petrol and diesel, and CNG.
As many as 9 automobiles of Maruti Suzuki India, together with Alto, S-Presso, Eeco, WagonR, Celerio, Dzire, Ertiga, Super Carry and Tour S, have a CNG possibility. Last month, FE had reported that the corporate is planning to launch a CNG variant of its fashionable promoting premium hatchback Baleno. Among rivals, Hyundai Motor India sells 4 CNG fashions – Santro, Grand i10 Nios, Xcent and Aura – and Tata Motors sells two – Tiago iCNG and Tigor iCNG – at current.
“The running cost for CNG vehicles now is around Rs 1.85 per kilometre as compared to Rs 5.20 per kilometre for petrol and diesel vehicles. There is a big variation between the running costs. Though the CNG prices have increased, the gap is so large that we think the preference of consumers for CNG will continue,” Srivastava stated.
CNG automobiles contribute 8% to the general passenger car gross sales by way of quantity. For Maruti Suzuki India, they now account for about 17% of the full gross sales. The firm had bought round 163,000 items of CNG vehicles in FY21. The gross sales elevated 44% to 235,000 items in FY22.
With the semiconductor scarcity impacting the manufacturing of vehicles, Maruti Suzuki India has virtually 300,000 pending bookings now. While Ertiga has 102,000 pending bookings, XL6 has shut to six,500.
“Our production was limited last year due to the semiconductor shortage. The constraint will continue in this quarter (Q1 FY23) as well,” Srivastava noticed.
Source: www.financialexpress.com”