Toshihiro Suzuki: Wants to regain 50% market share
Suzuki Motor Corporation President Toshihiro Suzuki recently discussed the company's future direction, including its technological advancements and mobility vision. Suzuki was addressing the media ahead of this year's Bharat Mobile Expo, scheduled to be held from January 17 to 22. Starting tomorrow, the event will mark a major milestone for Maruti Suzuki as the company enters the EV market with the launch of its first all-electric car - an electric model, the e-Vitara. Highlights of the meeting are summarized below. Ambition and market share in India’s SUV segment Maruti Suzuki has set an ambitious target to regain 50% market share in India's highly competitive SUV segment. The company recognizes that it is late to market and is actively pursuing this goal through strategic investments and innovative product launches. To support this growth, Maruti Suzuki plans to significantly increase annual production capacity to 4 million units. Also read: ICOTY 2025: Mahindra Thar Roxx named Indian Car of the Year; Maruti Suzuki…
Carriers regain ground in seasonal freight negotiations
The latest FreightWaves Supply Chain Pricing Power Index shows that shippers' pricing power rose to 40 this week from 35 the previous week, indicating a shift in negotiating power back to carriers. Also Read: Challenges Facing Low-Cost Carriers (LCCs) Seasonal declines in freight volumes are typical for this time of year, primarily due to mid-week declines over Christmas and New Year, causing volumes to slow earlier than usual. Analysis by FreightWaves using its SONAR platform showed that the Outbound Tender Volume Index (OTVI), which tracks national freight demand, fell 5.4% month-on-month and 2.43% year-on-year. Despite the broader decline, some of the largest U.S. markets, such as Southern California and Dallas, saw slight increases in tender volumes. In contrast, markets such as Atlanta and Chicago fared poorly, with weekly volumes down 2.34% and 6.3% respectively. On the capacity side, the market is experiencing an increase in bid rejection rates - reflecting tighter conditions. The Outbound Tender Rejection Index (OTRI) surged 286…
SUV sales below 4 million in November 2024 – Punch, Nexon regain the top spot
Tata Nexon Creative+ S iCNG Maruti Brezza, No. 1 sub-4 meter SUV in October 2024, lost to Tata Punch and Nexon in November 2024 Sales in the sub-4 million category have far exceeded the 100,000-unit mark, showing healthy year-on-year growth. However, its quarter-on-quarter results were in the red as overall car sales fell over the past month. In November 2024, the sales volume of 12 SUVs priced under 40 lakh was 1,00,705 units, a growth of 15.52% from 87,174 units in November 2023. However, compared to 1,09,247 units in October 2024, this represents a month-on-month decrease of 7.82%. , only the Nexon/EV and Toyota Taisor improved in demand, while all other models suffered setbacks. Sales volume of SUVs under 4 meters in November 2024 Tata Punch topped the list with sales of 15,435 units, a year-on-year increase of 7.31% from 14,383 units sold in November 2023. Punch holds 15.33% market share. However, month-on-month sales fell by 1.94% from 15,740 units…
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