Maruti Suzuki to launch host of new models in FY18
Maruti Suzuki, the leader of Indian auto sector, is set to launch a host of new models in the current fiscal. The iconic Swift which continues to feature among the company's top five best selling cars will now come in brand new design and new technology, informed the company through a filing.
The new Swift is built on the innovative 5th generation HEARTECT platform, which undoubtedly is more strong, rigid, more power leading to better acceleration. Besides launch of Swift, Maruti plans to launch a refreshed version of Ciaz, the mid-sized sedan and Ertiga. Also, the company’s new model WagonR is in its pipeline, but its timeline is not yet been finalized.
Maruti Suzuki has a market share of more than 50 per cent in India. The management is confident of closing this fiscal with a healthy double-digit growth. For FY18, the management expects to grow faster than the current industry rate.