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Expect pent-up demand for cars to last at least till December: Maruti Suzuki's R C Bhargava

Updated : October 29, 2020 07:23 PM IST

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it expects the pent-up demand for cars to last at least till December this year.

In an interview to CNBC-TV18, R C Bhargava, Chairman, said, "Though growth is certainly back, it is yet to reach the levels the company has seen in the last couple of years."

Shares of MSI slipped today after the company reported numbers that fell below street estimates. While consolidated profit grew two percent on an annual basis, expectations were for a higher number. The company's revenue also saw a healthy growth, rising over 10 percent when compared to the same period last year.
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