Cars have now become the basic amenities of our life, some buy it for status and some has high level of interest for cars but the most important thing is our capability to afford.
Yeah, that’s 100% right but to have a desire to buy your dream car does not cost you.
As the year is on end we have come up with some statistics and I bet you, it will be beyond your expectations.
So let’s come to the point, India’s biggest car maker Maruti Suzuki has become the world’s most expensive one in terms of price to earnings which has overtaken Italian sports car maker Ferrari, the brand which is the dream of everyone to drive.
Maruti also holds a more than 50% share in the Indian automaker market, it has been denominating and aggressive in the Indian market despite of being international competition from companies like Toyota , Hyundai etc.
MARUTI 800 SUCCESS – A MAJOR FACTOR
The key point area for its denominating market share is that it has taken the first mover advantage in India. We all know and familiar with the success rate of its car MARUTI 800. At one time, it became India’s dream car and everyone had to wait for a long time to get it due to long bookings. It is the only car which has covered a period 20 years and that too at a great success rate.
The strength of Maruti is that it has understood the Indian market very well, in the sense that what people want at what type of budget.
It has focused on medium size cars more and is the major player in this segment.
Another reason for it success is the goodwill it has created and the trust people have on this brand. Presently its hot selling cake are Wagan R, Swift, Swift DZire, Alto. These are the cars which are the strong base of revenue for Maruti.
Here is the market share of Maruti in Indian market during the past two years, with this it is clearly stated that it will remain top player in the coming years also.
Maruti stock price has risen 86% this year now you can comprehend the whooping success rate of this car-maker.
The other fact is that its market capitalization of 3 crore is more than that of Tata motors, M&M and hero motocorp combined.
According to study, it has been assumed that Maruti shares will enjoy a golden run over next 3-5 years with limited competition, stable industry growth and benefit from change in emission norms.
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