Japan's Suzuki Motorcycle maker, who has two-wheeler maker, is now planning to expand in the Indian market. Suzuki Motorcycle plans to double its market share by 2020 and sell more than 1 million vehicles in the Indian market.
In the Indian market, just 5 percent of about 17 million two-wheeler sales of Suzuki's stake in the Indian market was only at the percentage of 5%. According to the current data, Hero MotoCorp and Honda have a good influence on the market this time and they have close to 70% market share. While its other subsidiary Maruti Suzuki has more than 50% stake in the domestic market of cars.
Suzuki expected to sell 5 lakh cars this year. With a big investment of Rs 1,000 crore, this company can expand into India's two-wheeler market. In which many new trains along with old trains will also be offered in the market.
The company's managing director Satoshi Uchida said that Suzuki had sold 3.5 million vehicles in 2016. By the end of this year, with the growth of 40%, five lakh units are expected to be sold. The company has planned to sell 10 lakh vehicles in the coming time so that it comes up in the Indian market.