Maruti's market value is greater than parent Suzuki's!

Maruti Suzuki currently enjoys the strongest position in the Indian car market. Month after month, year after year, Maruti has held on to the lion's share of the country's passenger car sales. To put it into perspective, in June 2015; 5 out of the top 10 selling cars in India came from Maruti's stable. In fact, the Maruti Dzire alone sells more than the entire model range of a few manufacturers in India. Now, reports say that Maruti's market value has surpassed that of its parent company Suzuki! An achievement that can be claimed by no other Indian organization with a foreign parent brand.

According to a report by ET Auto, Maruti's stock surged 65% in the past year, and while Suzuki is valued at $19 billion, Maruti itself is valued at $19.73 billion (Rs 1.26 lakh crore approx). While rising sales have made Maruti expand its range in India, Suzuki has been facing dwindling sales in all major markets with the exception of Asia.

Suzuki holds a 56% stake in Maruti and around 40% of its sales volume comes from India. In a vision 2020 document, the Japanese automaker said it expected the proportion of cars sold in India to reach 60% by 2020! Suzuki is also bolstering its investment in India to improve its reach in markets like Africa and Latin America. Maruti has been given a free hand to develop the business in Africa and Latin America by using Suzuki's existing dealer network.

Maruti has been known as manufacturer that caters to budget centric buyers, and Suzuki also developed a diesel engine specifically to cater to that market. The engine is question has already been used on the Celerio and will make its way to the Y9T LCV as well. At the same time, the brand has been gradually expanding its premium car range as well. After multiple flops in the C-segment, Maruti has seen a good response for the Ciaz. In order to give the brand a more premium standing, Maruti is also introducing the NEXA range of showrooms for higher priced models like the Ciaz and soon to be launched S-Cross.