20 C
Guwahati
Thursday, November 14, 2024

Maruti hopes to deliver more cars to customers this festive season

- Advertisement -
- Advertisement -

 

JODHPUR, July 9 (PTI): Maruti Suzuki expects its market to grow faster by riding on the back of strong demand for its models, especially the SUV range, according to a senior company executive.

- Advertisement -

The auto major anticipates the overall passenger vehicle market to grow in the range of 5-7 per cent this fiscal.

The PV industry is expected to close the current fiscal at 40.5-41.3 lakh units, Maruti Suzuki India (MSI) senior executive officer (marketing and sales) Shashank Srivastava said.

“We have not revised our estimates which we had made at the beginning of the year. We said the industry growth would be in the 5-7 per cent range and our growth should be higher than the industry,” Srivastava said.

He noted that in the first quarter, the company grew by 12.2 per cent while the industry grew by around 9.5 per cent.

- Advertisement -

Srivastava said that the demand remains fairly robust so far in the fiscal with the April-June period turning out to be the best quarter ever for the industry.

“We believe going forward while the volumes may hold because bookings remain strong, the growth may be muted and the reason I say that is because the base effect may be coming into effect now,” he said.

“So to have growth significantly higher may be unreasonable to expect,” Srivastava stated.

When asked about the company’s preparation for the upcoming festive season, he noted that with the semiconductor shortage subsiding, the automaker aims to enhance production and bring down the waiting period on models like Ertiga, Brezza and XL6 significantly.
The company currently has a pending booking backlog of around 3.62 lakh units.
“In the second quarter, we are expecting the semiconductor shortage to be comparatively less and therefore, we will be able to produce these models and hopefully we would be able to bring down the waiting period for customers,” Srivastava said.

- Advertisement -

“It is going to be significant as we have said that by 2030 the rough break up will be 15 per cent electric, 25 per cent hybrid and 60 per cent CNG, biogas, ethanol, blended gasoline etc,” he said.
He further said that the company currently just has two hybrid models in its portfolio and the number is expected to increase in the future.

“We won’t be able to give the exact number of models which will come up but the percentages do indicate something like that (model number to increase),” Srivastava said.

He noted that CNG along with hybrid car sales this year should match the company’s peak of diesel sales which stood at 4.8 lakh units in 2017-18.

 

- Advertisement -
The Hills Times
The Hills Timeshttp://www.thehillstimes.in
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
Hill Station Near Kerala To Visit In November And December 10 Places To Visit In Assam In November-December Sunflower Seed Benefits: 8 Reasons to Add Sunflower Seeds to Your Diet 10 Places In Kashmir Where You Can See Snow This Winter 8 High-Protein Low-Calorie Vegetarian Dinner