Maruti Suzuki India Ltd

Maruti Suzuki sold 219,220 units in August, increasing sales by 21.3% year on year but recording a 9.2% decline versus July due to fewer working days. The strong annual growth reflects deferred purchases in the prior year and robust demand ahead of the Indian festival season. The positive numbers come at a time of high fuel prices and global oil supply disruptions. » Więcej na de.investing.com

According to Morgan Stanley, Indian automakers remain optimistic: Maruti Suzuki reports a 40% increase in CNG orders and a doubling of BEV orders. Tata Motors reports BEV orders 2.5 times higher, and Hero MotoCorp is building capacity to 30,000 units. Raw material cost pressure is at 4–6%, supply-chain problems are easing, price increases are moderate, and export prospects are mixed. » Więcej na de.investing.com

Maruti Suzuki announced measures to reduce fuel consumption and foreign-currency expenses and is urging employees to work from home, carpool and cut business travel. The company asks staff to avoid non-essential overseas trips and to minimize domestic travel. Maruti is responding to a government call for savings and rising crude oil costs, which have already led to a planned vehicle price increase of up to 30,000 rupees. » Więcej na de.investing.com