• Suzuki Motor average gross margin for 2023 was 26%, a 4.31% decline from 2022.
• Suzuki Motor average gross margin for 2022 was 27.17%, a 5.69% decline from 2021.
• Suzuki Motor average gross margin for 2021 was 28.81%, a 2.47% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.