Revving Forward: Maruti Suzuki's Strategic Outlook Amid GST and Global Trade Dynamics
Maruti Suzuki India will reevaluate demand post-GST cut to find sustainable growth levels. The India-EU FTA offers export potential, benefiting the company's EV market. Despite supply constraints and a booming SUV segment, Maruti eyes a 7% growth target while leveraging trade liberalization opportunities.
- Country:
- India
Maruti Suzuki India is set to reassess its market demand in the upcoming months following the initial surge courtesy of GST rate cuts. The company anticipates understanding its sustainable demand levels once the early excitement diminishes, according to Senior Executive Officer Rahul Bharti.
Bharti highlighted the potential benefits the India-EU Free Trade Agreement holds for Maruti Suzuki's European electric vehicle exports. While supply constraints pose a short-term challenge, the company maintains a healthy order book and experiences growth within the SUV segment.
With the country's car market witnessing recovery, especially within the small car segment, Maruti projects a 7% sustainable volume growth amid changing market dynamics and global trade liberalization benefits.
ALSO READ
-
India-US Trade Deal Shields Agriculture and Spurs Export Growth
-
Energy security for Indians top priority of Govt: Goyal on India-US trade deal in Lok Sabha.
-
India-US trade deal will help promote initiatives like 'Make in India', 'Design in India' for the world: Goyal in Lok Sabha.
-
India-US trade deal will provide opportunities for skilled Indians and MSMEs in US, says Goyal in Lok Sabha.
-
US tariffs on India lower than those of its competitor nations: Goyal on India-US trade deal in Lok Sabha.
Google News