Maruti to hike prices in January across models; sedan inventory continues to be high: Shashank Srivastava
Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India, says: “Yesterday, we filed with the stock exchange. We have said clearly that we will affect the price increase in January and that is because of the general inflationary pressure and also some of the commodity prices pressure. The combination of these two has resulted in our decision to increase the prices in January.”
How are things?
Things are okay.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIIM LucknowIIML Chief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisit Define okay for us.
Could be better.
But they are not bad. I mean, you are increasing the price. Your market share in SUV is going up to 22%. Diwali was decent. Dussehra was very good. Can I say acche din hain (good days are here)?
I can say that this year has been pretty good for the auto industry. We have seen some of the best-ever months in the history of Indian passenger vehicles. So far, industry estimates for April-November is crossing 2.8 million which means we should end the financial year with 4.1 million, the highest-ever, PV sales. Although in growth terms, it would be somewhere between 6.5-7% over last year's number of 39 lakh.
GDP numbers, exit polls to weigh on markets this week, says Aamar Deo
I want to get it on record first. Is there a price hike in the offing in January or even December or not?
Yes, January. Yesterday, we filed with the stock exchange. We have said clearly that we will affect the price increase in January and that is because of the general inflationary pressure and also some of
