New Delhi, 5th July: Maruti Suzuki India (MSI) on Wednesday launched the new Invict with an introductory price of Rs. The company has launched the Invicto in three variants of his and expects the model to further strengthen its presence across his MPV segment, where it already has around 50% market share.
The country’s largest automaker will source a powerful hybrid model from Toyota Kirloskar Motor (TKM) as part of a global partnership between Toyota and Suzuki. TKM has already sold the Innova HyCross in the domestic market, and it will be supplied to MSI with certain changes in design and other elements. At the launch event, MSI’s MD and CEO Hisashi Takeuchi said the model is carefully tailored to the contemporary tastes of NEXA customers who want a premium 3 train with SUV dynamism. rice field. Hyundai Motor, BMW Korea and three other companies to voluntarily recall more than 92,000 vehicles due to defective parts.
He noted that the Grand Vitara, Fronx and Jimny have significantly increased the automaker’s market share in the SUV segment. The company’s share of the SUV segment was 8.5% in the first quarter of fiscal 2023, but rose to nearly 20% in the first quarter of fiscal 2024, Takeuchi said. “We are currently ranked No. 2 in the industry, but it is only a matter of time before we take the No. 1 spot in the SUV segment,” he said. Eyeing the immense potential of the Indian auto market, he said its parent company Suzuki Motor Co Ltd has outlined strong growth plans.
According to Suzuki’s growth strategy for 2030, it aims to achieve global sales of 4.32 billion rupees in 2031, Takeuchi said. This is just double the sales of 2.16 billion rupees achieved in FY2022.To achieve this, Suzuki plans to expand its product lineup, introduce new technologies and build new facilities by 2031. He added that he plans to invest in “Of course India will play a very big role in this goal,” Takeuchi said, adding that MSI’s sales will also double by 2030-31. Kia Seltos facelift will be unveiled in India on July 4th.Here’s everything you need to know about this refreshed SUV about to make its official debut.
He said the company is also expanding its manufacturing capacity in line with the expected market growth in 2030. “…construction of our new manufacturing facility in Harkhoda is in full swing, and we plan to have our first plant with an annual capacity of 2.5 million units operational by 2025,” Takeuchi said. When fully operational, the facility will have the capacity to produce one million vehicles per year, making it one of the largest single-site manufacturing sites in the world, he added.
Suzuki also has a clearly defined roadmap for carbon neutrality in India, Takeuchi said. “We are committed to introducing six EVs in various segments by fiscal 2031. In addition, in our efforts to decarbonize vehicles, we will introduce multiple powertrain technologies, such as CNG and hybrids, into our products. We will continue to introduce and introduce biofuels such as ethanol flex fuel and biogas,” he added. MSI Senior Executive Officer (Marketing and Sales) Shashank Srivastava further elaborated that the company has achieved leadership in the Rs 1.5 crore to Rs 20 crore automotive segment last year.
He noted that sales of cars priced above 1 million rupees more than tripled from 2015 to 2016 compared to last year. “This has given us courage. With the introduction of Invict, we believe there is also an opportunity in the over Rs 20 crore category,” said Mr Srivastava. He added that MSI has received more than 6,000 reservations for this model so far. The Invicto is equipped with a 2-liter petrol engine combined with powerful hybrid technology and the range he has is 23.24 km per liter. There are 7 seats and 8 seats available. MSI aims to become the top player in the SUV market with a market share of around 25% this term. Recently, he launched two of his models, the Fronx and Jimny, to strengthen the product line.
https://www.latestly.com/auto/maruti-invicto-launched-maruti-suzuki-enters-above-rs-20-lakh-segment-with-premium-mpv-check-price-and-features-5245463.html Maruti Invict Launch: Maruti Suzuki Enters Rs 2 Million+ Segment with Premium MPV, Price and Features Checked