Maruti Suzuki can put pedal to rerating metal on volume, market gains

There could be margin pressures in the near term, given commodity costs

Ram Prasad Sahu Mumbai
Maruti Suzuki

Maruti Suzuki India (MSIL) — India’s largest passenger vehicle (PV) manufacturer — disappointed the Street with weaker-than-expected financial performance in 2022-23 (FY23) January-March quarter (fourth quarter, or Q4).
Even as revenues were up 20 per cent over the year-ago quarter and 10 per cent sequentially to Rs 32,048 crore, they still missed Street estimates.
While volumes grew 10.5 per cent on a sequential basis, the average selling prices were a smidge lower due to a weak product mix. Semiconductor unavailability affected the sales of the top-end variants/premium models, influencing realisations.

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First Published: Apr 30 2023 | 1:20 PM IST

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