NEW DELHI: India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles (EVs), says Suzuki Motor Corp executive vice-president Kenichi Ayukawa.
First, the goal is for Maruti Suzuki India Ltd, the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the fiscal year through March. “We’re confident that the Indian market will expand in the mid to long term,” Ayukawa said in an interview.
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