Industry expects more than 1 million vehicles sales in festive season: Shashank Srivastava, Maruti Suzuki

economictimes.indiatimes.com:

Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says “the stock in the industry is now roughly 3,35,000-3,36,000 which is about 30 days of inventory and that is the trend which we have observed in Maruti Suzuki also. Going forward, if the retail sales are good in the balanced part of the festive season that is in the next two weeks, we will see a reduction in the inventory. However, it really depends on how the retail moves in the next two weeks.”

Good sales number for October. But in November, will it capture the real festive season? Can we see the sales momentum surpassing the 2 lakh? The momentum continues this quarter and this month as well?
Yes, so first of all the 2 lakh number that we came so close to in this last month of October is both the domestic passenger vehicle and the export numbers put together as also the OEM supply. These are wholesale numbers, so while the retail sales in the first 15 days should be really positive because of the Dhanteras, Diwali, Bhai dooj festival, it really depends on how the retail sales happen in this period. Remember, the next month is December, generally the channel does not add stock in that month because they do not want to carry the last year's model stock. Therefore I would not expect the numbers to be much larger, it all really depends on how the retail moves in the first 15 days of October.

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How many deliveries have you planned on Dhanteras this time round, this year? Any number