The Indian auto giant and market leader Maruti Suzuki on Wednesday has expressed confidence that passenger car industry would witness a boost in sales during the upcoming festive season. The ED of Maruti, Shashank Srivastava said that the company is quite positive that the sales will rise during the festive season as they could see an upward trend in the inquiries at the dealership level.
Maruti, which decided on put hold on selling small diesel cars, would continue to do so but they might revisit the diesel option for bigger cars if the demand moves up. The company realized that BS-VI implementation in small diesel cars was not a feasible move financially. At the beginning of FY1920 had taken a call for stopping manufacturing of diesel cars due to the high cost burden of implementing BS-VI norms. However, he hinted that their investment in big diesel cars would continue for BS-VI implementation based on market demand.
Despite the slowdown and lower customer sentiments in the market, the company has gone ahead with its launching of all new 6-seater MPV, XL6. Also, the Company is ready with 6 cars in BS-VI compliant engines to cater to the market. As per Srivastava new models introduction would result in a greater excitement and is hopeful of a turnaround by year-end.
Meanwhile, the CEO and MD of Maruti, Kenichi Ayukawa, has urged the Indian government to take necessary actions to arrest the current slowdown in the auto sector and to, immediately give relief by reducing GST from 28% to 18%.
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