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Maruti steps on the gas despite covid

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Mint on 4 March reported that Maruti plans to make 220,000-240,000 vehicles and launch 5-6 new vehicles during the current fiscal year.Achieving the ambitious production target will mark a sharp rebound for India’s largest carmaker, which is set to report lower sales for the second straight year in FY21 because of disruptions caused by the implementation of new emission and safety norms, followed by the pandemic.Although Maruti is trying to boost production, it remains to be seen if it will be able to meet the target, given the current challenges, said the second person.“The semiconductor issue is yet to be resolved for most automakers, and then we have the covid situation, which impacted customer sentiment.

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