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Maruti may be able to ride out downturn better than its peers

city New Delhi India covid-19 pandemic crisis RIDE
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Maruti Suzuki India Ltd (MSIL), the country’s largest passenger vehicle manufacturer, may be in a relatively better position to deal with the covid-19-induced economic downturn than most of its peers due to its exposure in the hatchback segment and wide network in the semi-urban and rural markets, according to sector analysts with brokerage firms.

With passenger vehicle sales expected to decline in double digits this fiscal, Maruti’s cash reserves of more than ₹34,000 crore will also hold the firm in good stead during these trying times, the analysts said.

The New Delhi-based company was expected to lose market share starting this fiscal due to the lack of products in the fast-growing and profitable sport utility vehicle (SUV) segment and

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