Shashank Srivastava, Executive Director at Maruti Suzuki, informed CNBC-TV18 on September 4 that the automaker Maruti Suzuki has surpassed rival Mahindra & Mahindra this August to become the country's top producer of sports utility vehicles (SUVs).
Additionally, Shashank Srivastava told CNBC-TV18 that the automaker outperformed the sector last month with a YoY growth rate of 16.5%.
This holiday season, we will sell more than one million units. The holiday season typically accounts for 26% of total yearly sales. Maruti's market share has increased as a result of the introduction of four new SUVs, according to Srivastava. Additionally, he said, 'This year's Onam season showed retail growth of 25% in Kerala.
In addition, the executive director noted that the SUV market is doing nicely while the small vehicle segment has shrunk to 30% of the overall auto industry from 35% last year. SUVs currently make up 49% of the market as opposed to just 29% a few years ago, he claimed.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
