BRIEF-Maruti Suzuki India Chairman: Will Continue To Make Best Efforts To Achieve 10 Pct Sales Growth This Yr

Published 25-10-2018, 03:05 pm
© Reuters.  BRIEF-Maruti Suzuki India Chairman: Will Continue To Make Best Efforts To Achieve 10 Pct Sales Growth This Yr
MRTI
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Oct 25 (Reuters) - Maruti Suzuki India Ltd MRTI.NS :

* CHAIRMAN SAYS INCREASE IN VEHICLE INSURANCE COSTS HAS HAD AN IMPACT ON BUYER SENTIMENT, COST OF CAR OWNERSHIP

* CHAIRMAN SAYS WILL CONTINUE TO MAKE BEST EFFORTS TO ACHIEVE 10 PERCENT SALES GROWTH THIS YEAR, WILL NOT BE AN EASY TASK

* CHAIRMAN SAYS WE ARE RAMPING UP PRODUCTION OF CNG VEHICLES

* CHAIRMAN SAYS WILL PHASE OUT ALL BS-IV VEHICLES BEFORE APRIL 1, 2020 TO MEET SUPREME COURT ORDER

* CHAIRMAN SAYS FESTIVAL SEASON DOES NOT SEEM TO BE SHOWING ANY KIND OF GREAT BUOYANCY OVER LAST YEAR

* CHAIRMAN SAYS SALES DURING FESTIVE SEASON MAY BE ONLY MARGINALLY DIFFERENT FROM LAST YEAR

* CHAIRMAN SAYS TYPICALLY KEEP ONE MONTHS INVENTORY WITH DEALERS, CURRENT STOCK WITH THEM IS LOWER THAN THAT

* CHAIRMAN SAYS HAVE INCREASED DISCOUNTS ON VEHICLES DURING THE QUARTER

* CHAIRMAN SAYS MARGINS IMPACTED BY 120 BASIS POINTS IN FIRST HALF OF FISCAL YEAR DUE TO WEAK CURRENCY

* CHAIRMAN SAYS SALES IN URBAN MARKETS SLOWER THAN RURAL AREAS WHERE MONSOON HAS BEEN GOOD, HELPING SALES GROWTH Further company coverage: MRTI.NS

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