India’s largest car manufacturer Maruti Suzukiactive in satisfying its growth goals Sales rose 4-5% in the current fiscal year, driven by a surge in sales during the festive season.
“according to retail sales From April to October, the cumulative growth was nearly 4%. Our growth rate in October was 22.4%…At the beginning of the year, we expected the growth rate this year to be around 4% to 5%. I think that would be consistent with that.
Following strong retail sales in October, a senior Maruti Suzuki official said the company has effectively reduced inventory levels across its sales network.
Looking ahead, Maruti Suzuki will count on ‘hundreds of thousands of marriages’ scheduled for November to stay afloat Festival sales The momentum follows a record-breaking month in October.
Addressing concerns over the company’s ability to sustain festive sales momentum in the coming months, Banerjee said: “We understand that ‘hundreds of thousands’ of weddings are being planned across the country (in November). So we are very Glad to hope this will provide a good boost to our retail sales as well.
He added that the company was optimistic that weddings scheduled for November would drive the momentum.
