market share once we roll out our SUVs. Its among the fastest growing sectors today and accounts for about 21% of car sales and we are not present there, so we are losing out,” he had said.
Interestingly, Maruti has also delayed its diesel engine capacity expansion plans as demand for petrol cars bounce back on rising diesel fuel prices. Instead of the earlier plan to set up a 3 lakh unit annual capacity plant in two phases, it is now commissioning only half that capacity by end of this month while keeping the rest on hold. This is additional to Maruti's current annual diesel engine capacity of 3 lakh units (plus one lakh sourced from Fiat), and around 13 lakh unit petrol engine capacity.