Maruti Gets Approval To Set Up 3rd Manufacturing Plant In Haryana | V3Cars

Nov 18, 2021, 11:25 AM IST
By Mahesh Yadav
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Maruti Suzuki recently received permission from the Haryana government to set up a new manufacturing plant in Sonipat. The government allowed Maruti Suzuki to build the plant on 900-acre land. This will become the 3rd plant for Maruti Suzuki in Haryana alone and 4th if you count the one in Gujarat.

India’s #1 carmaker is losing market share in recent years. Maruti’s share dropped from around 50% to 34%. It’s unclear if this is because of the impact from the pandemic or from stiff competition, which is only getting stiffer by the day. 50% market share is what they can achieve when they’re running their existing plants to a decent capacity. If Maruti Suzuki want to set up a new plant, then this must be because they’re looking to grab a considerably-more-than-50% market share in the next few years and this decade.

PASSENGER CAR MARKET SHARE
Period	Maruti	Hyundai	Tata
Sep 2020 - 2021	34.0%	17.82%	13.86%
Sep 2019 - 2020	50.50%	17.18%	7.24%
Sep 2018 - 2019	49.57%	18.27%	6.27%

Also Read: Tata Motors Passenger Vehicle Business Raises $1 Bn To Accelerate EV Growth

They currently have a combined manufacturing capacity of over 20 lakh units per year. Some of it is exclusively for exports.

Also Read: 2022 Maruti Baleno Base Variant Pictures Leaked

While Maruti are likely to soon launch CNG versions of most of their cars, this move alone may not bring in enough volumes to regain lost ground in market share let alone to justify setting up a new plant. The carmaker is possibly looking into bringing diesel engines back as they still have a substantial demand in the Rs. 10 lakh+ segment. Meanwhile, the new plant may exclusively serve electric cars.

ABOUT THE AUTHOR

Mahesh Yadav

At V3Cars, Mahesh turns this lens into clear and engaging reports. He uncovers telling details, evaluates cars beyond the obvious and brings fresh angles to automotive conversations so readers learn to appreciate the charm of machines that deserve more attention. Over the years Mahesh has built a keen eye for spotting vehicles that punch above their weight. His appreciation for clever engineering, value-driven design and inventive thinking shapes how he evaluates products and helps him surface stories others miss. Mahesh wears the all-rounder hat at V3Cars, blending writing and motor vehicles — cars as well as motorcycles — into a single passion. He is drawn to compact, quirky and underrated machines that are full of character and a few lovable annoyances. It is no surprise that the Multix, Nano, Comet, Windsor and Navi rank high on his list of favourites.

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