Suzuki Motor Corporation, which holds around 58.28% stake in Maruti Suzuki India, will introduce eight new sport utility vehicles (SUVs) over the next five to six years in the Indian market, as it works to regain market share lost to competitors, company President Toshihiro Suzuki said on Wednesday. Speaking at the Japan Mobility Show in Tokyo, Suzuki said that Maruti Suzuki aims to reclaim its 50% market share, even as competition has reached its fiercest level in the company’s four decades of operations in India. With this, the company’s total lineup will increase to 28 models.

He acknowledged that achieving the 50% market share target by 2030-31 will be more challenging over the next five years than ever before. To reach this goal, the company is allocating Rs 70,000 crore for capital

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