- Maruti Suzuki has reported a drop in 24% in sales in September as compared to the same month last year.
- Indian auto manufacturers have reported a continuous decline in sales for over a year now.
- Maruti Suzuki had also slashed prices to align with the Government’s plans to revive demand.
There seems to be no end to the woes of the Indian auto industry. Maruti Suzuki reported a drop in 24% in sales in September as compared to the same month last year.
It sold a total of 122,640 units in September 2019.
Indian auto manufacturers have been reporting a consistent decline in monthly sales for over a year now.
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“My belief is that we are near the bottom of the downward cycle and the economy, and
car sales should start to accelerate in the near future,” Marutii Suzuki’s chairman RC Bhargava
said at the company’s annual general meeting earlier in August. However, the situation doesn’t seem to have changed in spite of steep discounts and a festive season around the corner.
Maruti Suzuki slashed 3,000 contractual jobs in August.
Earlier in September, Maruti Suzuki also slashed prices to align with the government’s plans to revive demand. It reduced the price of select models like Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel by ₹5,000.
“This reduction of price will be over and above the current promotional offers for the company’s vehicle range,” Maruti Suzuki said.
