Key Points
Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says for the whole year, the market should end up this financial year at around 42.1.
Next year projections seem to be just about 43 lakh..
Shashank Srivastava: About the future for the small car market, one of the reasons why we have seen a decline has been the affordability factor has come down, which means the prices have gone up faster than the income levels in this segment..
Shashank Srivastava: As a general trend, if you are comparing the discount levels for January and February with December, it is a little different because in December, both the OEMs as well as the dealers do not want to keep previous year's stock which is 2023 stock, carried forward to 2024..
As far as the headroom for the future is concerned, it is really now going to depend on the booking and the inquiry level going forward because the luxury which was enjoyed by auto OEMs in the last three years which was to continue with wholesale, even if retail comes down, because there were supply side constraints, and therefore the stock levels at the dealership was low..
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