NEW DELHI: A projected decline in passenger vehicle sales for this fiscal notwithstanding, Maruti Suzuki India may be better placed than its peers to deal with lockdown induced economic downturn in the country.
The company's exposure in the hatchback segment, wide network in semi urban and rural markets, and cash reserves of more than ₹34,000 crore will stand the it in good stead in these trying times, according to analysts.
The country's largest manufacturer of passenger vehicles was projected to lose market share in FY21 and beyond due to lack of products in the fast growing and profitable sport utility vehicle segment and its decision to pull out of the diesel vehicle market.