Regional Market-Share Targets for Four-Wheel Vehicles Centered on Japan and India
First written in FY2016. 3 of 10 entries say "Raised", first in FY2018. Latest entry: FY2026.
Suzuki Motor moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「India is the most important market for Suzuki, which is expected to continue growing. As a leading automobile company, we aim for a 50% market share and the top position in BEV production, sales and exports. While strengthening our product offerings in the SUV and MPV segments, we will also focus on developing entry models as the first vehicles purchased by middle-income customers.」
The company continues to target a 50% share of the Indian passenger vehicle market and the top position in BEV production, sales and exports, and identified strengthening SUVs, MPVs and entry models as specific measures. - FY2025RaisedAnnual report
「As a leading automobile company, we aim for a 50% market share and the top position in BEV production, sales and exports. While strengthening our product offerings in the SUV and MPV segments, we will also focus on developing entry models as the first vehicles purchased by middle-income customers.」
While maintaining the target of a 50% Indian passenger vehicle market share, the company added the new target of becoming No. 1 in BEV production, sales and exports, and identified strengthening SUVs, MPVs and entry models as the means of achieving it. - FY2023WorsenedAnnual report
「However, as competitors also introduced SUVs one after another, the share in the SUV segment remained at 12.1%, and the overall passenger vehicle market share consequently remained at 41.3%. In the fiscal year ending March 2024, the company will introduce the Fronx and five-door Jimny to strengthen its competitiveness.」
Against the target of an Indian passenger vehicle market share of 50% or more, the SUV share was 12.1% and the overall passenger vehicle share was 41.3%. The company stated that it would strengthen competitiveness by introducing the Fronx and five-door Jimny. - FY2022WorsenedAnnual report
「The Suzuki Group aims for a share of 50% or more in the Indian passenger vehicle market. However, as SUVs have grown more popular in the market and new SUVs introduced by competitors have had an impact, its passenger vehicle market share declined to 43.4% in the fiscal year under review from 47.7% in the previous fiscal year. Going forward, the company will seek to increase its share by introducing new models in the SUV segment.」
Against the target of an Indian passenger vehicle market share of 50% or more, the actual share declined from 47.7% to 43.4%. In response to competitors introducing SUVs, the company aims to recover share by introducing new models in the SUV segment. - FY2021RaisedAnnual report
「In Japan, the company will work toward a kei vehicle market share of 30% or more and registered vehicle sales of 1.5 times the level in the fiscal year ended March 2021. … In India, it will promote the adoption of hybrid vehicles and introduce EVs, … and aim for a passenger vehicle market share of more than 50%.」
While maintaining the previous direction of a kei vehicle market share of 30% or more in Japan and an Indian passenger vehicle market share of more than 50%, the company added a new numerical target of registered vehicle sales at 1.5 times the level in the fiscal year ended March 2021 in Japan. - FY2020RestatedAnnual report
「In India in particular, the company currently holds a majority share of the passenger vehicle market and aims to maintain a majority share in 2030 as well. It will proactively pursue specific measures to achieve this.」
The company continues to target a majority share of the Indian passenger vehicle market in 2030. - FY2019RestatedAnnual report
「In India in particular, the company currently holds a majority share of the passenger vehicle market and aims to maintain a majority share in 2030 as well.」
The company continues to target a majority share of the Indian passenger vehicle market in 2030. - FY2018RaisedAnnual report
「In India in particular, the company currently holds a majority share of the passenger vehicle market, and aims to maintain a majority share in 2030 as well. It will proactively pursue specific measures to achieve this.」
The company set a target of maintaining its current majority share of the Indian passenger vehicle market in 2030. The previous target of an Indian passenger vehicle market share of 45% or more has been updated in terms of both its timeframe and content to a target of maintaining the share in 2030. - FY2017AchievedAnnual report
「In the domestic four-wheel vehicle market, the company achieved sales of 100,000 registered vehicles for the first time.」
In connection with the previously stated target of domestic sales of 100,000 or more compact cars, the company stated that it had achieved sales of 100,000 registered vehicles for the first time. It did not indicate the achievement status of other regional targets, such as an Indian passenger vehicle market share of 45% or more. - FY2016First statedAnnual report
「For the regional strategy, the company will focus on Japan and Asia, centered on India. • Japan: Kei vehicle market share of 30% or more; sales of 100,000 or more compact cars • India: Passenger vehicle market share of 45% or more」
The company has set regional numerical targets for kei and compact cars in Japan and passenger vehicles in India.