Suzuki Group sold 2.35 million vehicles in 2020
- The Suzuki group (Suzuki, Maruti) sold 2.35 million light vehicles (passengers – PCs and light utility vehicles - LUVs) in 2020, down 19.1% compared to 2019. Suzuki is partly dependent on its results on the Indian market, which represents more than half of its worldwide sales (1,237,000 units in 2020, or 52% of its sales). However, its registrations fell 18% in India last year.
- In addition, its market share has shrunk in many markets, due to a too small product range, too focused on the lower segments (A and B), and the lack of real alternative engines (PHEV and BEV).
- The arrival of Suzuki Across and Swace (rebadged hybrid Toyota models) may allow the carmaker to expand its market, which has had to cancel its Celerio, Baleno and Jimny models. But this contribution cannot mask the weakness and unsustainability of Suzuki at the global level, this carmaker having had to withdraw from the American, Chinese and Russian markets. For now, Suzuki has managed to maintain its tenth place in the world, but for how long.
- Suzuki's global sales in 2020 break down as follows:
• India is by far its largest market, with 1.24 million vehicles, or 52% of its global sales (as in 2019).
• Japan is its second market, with 631,000 vehicles, or 27% of its worldwide sales (compared to 24% in 2019).
• Europe is its third market, with 152,000 vehicles, or 7% of its global sales (compared to 8% in 2019).
• These three markets represent 86% of Suzuki's global sales in 2020 (up from 84% in 2019).
Contact us: info@inovev.com