Maruti Udyog Ltd will maintain its share of more than half the country's car market for "quite some time," boosted by the sale of cars it introduced in the last three years, managing director Jagdish Khattar said.
He, however, said the company won't be able to match its 47 per cent increase in fiscal first-quarter vehicle sales and a 10-fold increase in net profit.
"Our market share had gone below 50 per cent a year back and as a result of new models that we have introduced and strengthening of our dealer and sales network, we have been able to get back a part of our market share," he said.
The company began selling the 'Alto' and 'Wagon-R' compacts, the 'Baleno' sedan and the 'Versa' multi-purpose van in the last three years to regain market share.
It also upgraded its existing range including the 800cc car, India's biggest seller for the last 15 years, and 'Zen' compact.
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