Banerjee discusses the present developments in India’s passenger automobile market. He addresses issues about excessive stock ranges amongst sellers and the potential impression of those dynamics because the festive season approaches, “Throughout COVID, semiconductor shortages led to low stock. Ideally, it must be 30-31 days, however with the festive season, sellers must inventory as much as keep away from shedding gross sales.” Banerjee stated.
With the market poised for a potential revival, Banerjee sheds mild on Maruti Suzuki’s strategic choices, resembling aligning automobile dispatches with precise demand to keep away from overburdening their channel companions, noting, “We’re aligning retail and wholesale numbers to keep away from pushing extra inventory to sellers. The true market share is mirrored in precise retail gross sales, not simply dispatches.”
Banerjee shares his perspective on the gross sales efficiency of assorted segments, together with the rising traction of CNG automobiles. He highlights, “In Q1, we achieved gross sales of 4.27 lakh models with 1.2% development, and 34% of those had been CNG variants, displaying sturdy market traction.”
He additionally discusses Maruti Suzuki’s dedication to innovation by restricted version launches and an enhanced guarantee programme, stating, “We’ve prolonged the usual guarantee to a few years and 100,000 kilometres. With the prolonged guarantee, prospects get peace of thoughts for as much as six years and 160,000 kilometres.”
Banerjee additional touches on the corporate’s strategy to sustaining market share within the more and more aggressive compact automotive section and the potential development areas in electrical and hybrid automobiles, noting, “Our CNG automobiles account for 73% of the section’s market share, with one-third of our complete gross sales being CNG fashions—a big achievement.”
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(Host: S Ronendra Singh, Producer: Siddharth Mathew Cherian.)
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