Lower affordability hits demand for cars: Maruti Suzuki

Maruti Suzuki, India's largest carmaker, faces reduced demand due to higher vehicle prices, especially in sub-Rs 10 lakh segment. Despite festive season uptick, the company sees overall industry growth at just 3-4% this year, with profits impacted by higher costs and changes in long-term capital gains taxation.

Oct 30, 2024 - 07:30

Lower affordability hits demand for cars: Maruti Suzuki

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Maruti Suzuki, India's largest carmaker, faces reduced demand due to higher vehicle prices, especially in sub-Rs 10 lakh segment. Despite festive season uptick, the company sees overall industry growth at just 3-4% this year, with profits impacted by higher costs and changes in long-term capital gains taxation.