High inventory not a result of sales slowing down: Shashank Srivastava, Maruti Suzuki
«In fact, August numbers in the industry predicted to be just around the 355,000 mark which could make it the highest ever month also. Last was September 2022, which was 3,55,400 odd vehicles. So, yes, it has been a great run so far,» says Shashank Srivastava, Maruti Suzuki India.
Industry channel checks have been indicating that in the month of August, the passenger vehicle demand was actually up 9% and Maruti sales were higher than the industries. What has been your analysis, whether this is a trend which is here to stay?
So far this year has gone very well for the auto industry. So, we have seen a record April, highest ever April, the highest ever May, highest ever June, highest ever July, looks like the highest ever August.
In fact, August numbers in the industry predicted to be just around the 355,000 mark which could make it the highest ever month also. Last was September 2022, which was 3,55,400 odd vehicles. So, yes, it has been a great run so far. And now we are into the festive season, the beginning in Onam festival in Kerala, that is where the festive season starts, has been pretty good, almost a 25% jump in retails. So, I think so far going is good. We have those couple of question marks though going forward. But yes, it has been good so far for the auto industry this year.
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I was reading in one of the pink papers that the sedan inventory levels are at a four-month high. So, while the aggregate picture because of SUV may look strong, SUVs are selling and sedans
