Maruti Suzuki Aims for 50% Market Share Again as Brokerages Forecast Up to 20% Upside Maruti Suzuki is positioning itself to reclaim a 50% market share in the Indian passenger vehicle sector, driven by a combination of strategic moves including the success of the Brezza model, a strong push into electric vehicles (EVs), and expanded production capacity. The company’s recent performance, despite challenges from rising input costs, has prompted brokerages to revise their target prices and outlooks, with some predicting a potential 20% upside for its shares. The company’s strategy includes leveraging the growing demand for compact cars, strengthening its position in the SUV segment, and accelerating its EV and hybrid vehicle initiatives. Maruti’s recent launch of the Brezza has received a positive response, with over 2,000 bookings per day and a backlog of 1.30 lakh units. Additionally, the company has expanded its production capacity at the Kharkhoda and Hansalpur plants, aiming to increase annual output to 40 lakh units by FY31. These measures are expected to bolster its market share and support future growth. Brokerages have expressed confidence in Maruti’s prospects, with Motilal Oswal assigning a BUY rating and a target price of ₹17,064, citing strong demand for new models, improved dealer inventory management, and cost-saving potential from the new production lines. Nuvama also maintains a BUY rating, raising its target to ₹16,300, while Axis Securities forecasts a target of ₹15,920, highlighting a 33% year-on-year increase in domestic sales and a 44.6% rise in SUV sales. However, some brokerages have adopted a more cautious stance. ICICI Securities downgraded its rating to ADD, setting a target of ₹15,800, citing concerns over rising input costs and the potential impact on margins.#maruti_suzuki #motilal_oswal #brezza #kharkhoda #hansalpur
