Why Did Suzuki Withdraw from the Chinese Market?
1 Answers
Suzuki withdrew from the Chinese automotive market primarily because the brand offered a limited range of models, which restricted consumer choices. Suzuki was one of the earliest foreign automakers to enter the Chinese market, with most of its models being compact or micro cars. Below is more detailed information: 1. Suzuki is a Japanese surname, and the company was founded in 1920. It began producing motorcycles in 1952 and cars in 1955. Suzuki Motor Corporation (SUZUKI), established in 1954, primarily manufactures micro cars. 2. As the Chinese automotive market matured, domestic consumers increasingly favored larger vehicles. Suzuki's compact cars, suitable only for urban commuting, failed to meet household demands. Consequently, sales of Suzuki's small cars gradually declined, ultimately leading to its exit from the Chinese market.