Q3 Earnings Analysis: Maruti enters the slow lane
Updated : January 25, 2019 05:22 PM IST
Maruti’s revenue growth slowed to low single digits of 2 percent at Rs 19,668 crore due to sluggish demand.
Discounts have ]surged to record highs of Rs 24,300 a unit, hitting margins significantly this quarter.
Maruti still enjoys market leadership at 51.1 percent in the passenger vehicle segment, but the few chinks in the armour are showing.