Suzlon Expects To Maintain Market Share Up To 30%, Sees No Competition Pressure For Next Few Years

Suzlon‘s share price was down on Monday morning after the company’s quarterly results disappointed investors.

What Happened: During its earnings call, the company’s management said that it aims to keep its markets share around 25%-30%. The company said that it expects total installations for the industry to be in the range of 4.5 to 5 gigawatts for the year ending March 2025. The management added that the company has been in the range of 25% to 30% of the market share and it would like to remain in that range.

The wind energy major achieved its highest annual installation since 2017, with 0.9 gigawatts installed for the year ending March 2024. This marks an increase of approximately 78% compared to the 0.5 gigawatts installed in the year ending March 2023.

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Answering a question about whether the company is worried about increased competition, especially from larger MNC players, the management said “I don’t think so when the pie is increasing to 9 to 10 gigawatts, there is going to be significant capacity for everybody.”

The company also pointed out that they are much cheaper than the European suppliers and others. Considering all this the company’s management said that they don’t see competition pressure in the next few years.

Price Action: Suzlon’s share price was down 1.09% to trade at ₹45.45 shortly after market open on Monday.

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