Maruti Suzuki is gearing up to realign its focus as per the evolving market trends.
“Small cars used to be our bread and butter,” Maruti Suzuki India Chairman R.C.
While the SUV market continues to swell, there has been a sharp 25% decline in the demand for hatchbacks in the last four years.
The company further informed that it recorded better-than-expected quarterly income primarily because of higher vehicle prices which counteracted the higher input costs.
“The prices of commodities such as steel, aluminum and precious metals witnessed an unprecedented increase during this year,” the company said in the earnings filing.