After celebrating 100 years of its existence in March last year, Japanese auto giant Suzuki Motor Corporation (SMC) has revealed its next five-year mid-term management plan that determines its actionable outlines for growth between April 2021 and March 2026.
According to Autocar India, the company is going to rely on emerging economies like India, which will continue to be one of its key pillars of growth, as per the broad philosophy outlined in its next mid-term plan. The plan also outlines a greater emphasis on CO2 emissions reduction, wherein Suzuki will focus on developing electrification technologies by 2025, fully implement them into its products, and eventually make a full-scale qualitative increase by 2030.
Also Read: 2021 Suzuki Hayabusa GSX1300RR Unveiled
Suzuki has many things planned for India. The Japanese giant, through its joint-venture entity Maruti Suzuki India, aims to take initiative in promoting electrification required by the society in response to the environmental issues in the country, whilst maintaining a market share of over 50 percent in India’s passenger vehicle (PV) segment. While its Indian alliance entity – Maruti Suzuki India – is already a jewel in SMC’s crown by being the top contributor to its revenue and profit margins, Suzuki Motor Corporation aims to maintain a market share of over 50 percent in the passenger vehicle segment in India.
India will also play a key role in the introduction of Suzuki-Toyota alliance products in Africa. Suzuki’s Indian arm, Maruti Suzuki, recently launched the updated Swift in India, prices for which start from Rs 5.73 lakh (ex-showroom, Delhi). It comes with new style tweakings and a new petrol engine.