Maruti Suzuki CEO Kenichi Ayukawa. Photo: Ramesh Pathania/MintShares of Suzuki Motor Corp. advanced after the Japanese carmaker said it’s exiting China, abandoning a market where it struggled to gain traction and allowing it focus on Maruti Suzuki India Ltd, which accounts for half of the country’s car market. Suzuki’s China exit highlights the cut-throat nature of the Chinese market, where quick changes in customer tastes can leave carmakers exposed. In Mumbai, Maruti Suzuki shares were down 0.15% to ₹ 8,860.00. ALSO READ | After China exit, Maruti is all that Suzuki may haveWhereas Maruti Suzuki has its name on about one of every two cars sold on the subcontinent, Changan Suzuki had seen its market share fall below 0.4% in China last year, according to Bloomberg Intelligence data.

Source: Mint September 05, 2018 06:00 UTC