Maruti Suzuki’s Mid-Term Expansion Plan Could Be Boon For Key Suppliers

Maruti Suzuki India Ltd. has unveiled its mid-term plan for FY25-30E, aiming to expand its market share significantly. The cornerstone of this plan is to capture 50% of the Indian market, a move that could potentially boost several key suppliers.In the auto ancillaries and auto components sectors, Motherson Sumi Wiring India Ltd. and Uno Minda Ltd. are key players that are set to gain from this expansions, per Nomura.MSUMI specialise...