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Maruti Suzuki Sees Green Shoots On Demand Front; Says Semi Conductor Shortage Could Hit Output.
Maruti Suzuki- a national brand for cars is doing well despite constraints and competition. It is a good counter worth watching for medium term gains. This leader in car sales in India has plans to manufacture self charging Hybrid cars with a collaboration of Toyota ,Japan.
Maruti Suzuki developing self-charging hybrid cars with Toyota
In an interview Shashank Srivastava, executive director of sales and marketing at Maruti Suzuki, on Wednesday, said that while there are clear green shoots visible on the demand front, semi-conductor shortages could hit production of Maruti’s entire range of vehicles.
“On demand side, I do see a slightly better scenario. However, on the supply side, we have had a semi-conductor (shortage) because of component issues. We have had some reduction in production. It’s a little uncertain, so I am not able to quantify it at this time because it all depends on the situation at the vendor’s end and probably, I am not the best person to answer that query. However, on the demand side, I can clearly see green shoots,” he said.
Maruti Suzuki India Chairman Bhargava calls on managements to cut expenditure on themselves amid pandemic
On production cut, Srivastava said, “I don’t have the exact numbers. So I am not able to confirm that 40 percent (production cut), but we have informed the stock exchange that there have been issues with the component supply and that is the reason why production will be lower.”
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