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Credit squeeze, high int rates major concerns: Maruti
Maruti sees pressure on margin and said that it will try to maintain 55% market share. It will offer discount and new offer in the festive season to drive sales. The company sees credit squeeze and high interest rates as major concerns.
Maruti Suzuki India Limited sees pressure on margin and said that it will try to maintain 55% market share. It will offer discount and new offer in the festive season to drive sales.
Maruti Suzuki India's Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore. Its net sales were up 20.4% at Rs 4730 crore versus Rs 3930 crore. Its other income was at Rs 328 crore versus Rs 223 crore. Its OPM was at 9.75% versus 14.62% YoY.
Maruti will launch A-Star in November in India and unveil it at the Paris motor show. The car will be powered by a new K-series engine and will also have a low-weight three-cylinder aluminium next-generation engine. It will also launch Splash, Kizakshi next year.
The company sees credit squeeze and high interest rates as major concerns.
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