NIFTY 50

Sales concentrated in entry level segment; traction seen in SUVs: Maruti

Updated : November 24, 2020 01:17:46 IST

Shashank Srivastava, ED of Maruti Suzuki India expects strong wholesales depending on production levels.

“The demand in November has been same as October, which is good and it looks good till December end. Therefore, if there is a strong production there would be strong wholesales,” he added.

According to him, sales are mostly concentrated in the entry level segment.

“We also find that there is more buying based on functionality in response to COVID phenomena rather than aspirational buying and that’s reflected in first time buyers going up and the additional car buying going up and replacement car buying coming down,” he added.

Srivastava said a shift from diesel to petrol was visible.

“The share of diesel cars is coming down. However, only in sports utility vehicle (SUV) segment as there is traction for diesel due to higher torque,” he further added.

For entire interview, watch video
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