which is the second largest market, is expected to be 0.61 million units, down by 15.3% from 2024. Suzuki Group increased its worldwide production by 3% YoY, reaching 3.4 mn units in 2024. This figure includes the rebadged models manufactured for Toyota, in addition to the Suzuki Grand Vitara and Invicto, which are produced by Toyota in India. Enhanced production in India, Japan, and Pakistan offset the reduced output in Hungary, Indonesia, and...

Market & Tech Reports  Updated at: 2025/05/15

along with its essential technologies, components, and charging solutions at its booth. In addition, Maruti Suzuki revealed its plans to develop a comprehensive network of charging stations across India.   MSIL also presented a wide array of lifestyle concept vehicles, including the Dzire, Swift, Invicto, Jimny, Fronx, Grand Vitara, and Brezza.   Launch of first electric SUV - e VITARA   Maruti Suzuki introduced its first electric vehicle “...

Market & Tech Reports  Updated at: 2025/02/13

primarily attributed to stagnant growth in India and only marginal increase in Japan. Looking forward, Suzuki's global production is calculated to reach 4 mn units by 2031. These projections include the rebadged models produced for Toyota, as well as the Toyota-manufactured Suzuki Grand Vitara and Invicto in India. Global Light Vehicle Production Forecast by Group (top 10 groups)   2021 2022 2023 2024 2025 2026 Total...

Market & Tech Reports  Updated at: 2024/04/26

nd its export business from India, which it expects to be around 1 mn units by 2030. Consequently, Maruti Suzuki plans to double its production capacity to 4 mn units to achieve these goals.   Outlook: Including the rebadged models for Toyota, as well as the Toyota-produced Suzuki Grand Vitara and Invicto (rebadged Toyota Innova Hycross in India), we think Suzuki’s global output will near 3.3 mn units (+2% YoY) in 2023. Plus, we forecast that ...

Market & Tech Reports  Updated at: 2024/03/13

sed in North America and Africa. Our view remains that the OEM’s global output will not recover to pre-pandemic levels in our forecast horizon, and we have further downgraded the forecast. Suzuki GroupIncluding the rebadged models for Toyota, as well as the Toyota-produced Suzuki Grand Vitara and Invicto (rebadged Toyota Innova Hycross in India), we think Suzuki’s global output will near 3.3 mn units (+2% YoY) in 2023. It is notable that our ...

Market & Tech Reports  Updated at: 2024/01/30

all car segment in India, it is moving now to a bigger segment and capturing market share there. The synergy with Toyota is also playing a role in this shift. Here are the major new models launched by Maruti Suzuki in recent years. Model Name Launch year Engine Similar Toyotamodel Produced by Invicto(MPV) July 2023 intelligent electric hybrid system with a 2.0L engine, 83.73 kW electric motor Innova Hycross Toyota Jimny June 2023 1.5-lite...

Market & Tech Reports  Updated at: 2023/12/28

xpected to roll out by Q3 2024. Consequently, we also delayed the entry of the BYD Dolphin by six months to the beginning of 2025. It is possible that the Dolphin may not be launched in India.Suzuki GroupIncluding the rebadged models for Toyota as well as the Toyota-produced Suzuki Grand Vitara and Invicto (rebadged Toyota Innova Hycross) in India, we predict Suzuki will produce 3.2 mn units (+1% YoY) globally in 2023. This volume is impacted fro...

Market & Tech Reports  Updated at: 2023/10/27