After an over 23 percent rise in the stock in 2023 YTD, domestic brokerage house Centrum Broking expects another over 46 percent increase in auto major Maruti Suzuki in the next 12 months.
Maruti Suzuki (MSI) sold a total of over 1.34 lakh units of passenger vehicles (PVs) in the last month versus over 1.32 lakh units in the same period last year.
Car Discounts: With significant improvement in supplies, OEMs and dealers stocked up to make the best of the sales during the festive season this year. Experts suggest this is also the time when slow moving models can be sold with festive discounts. Now, since the second half of November there has been a usual post-festive slowdown in demand and bookings. However, the concern occurs as the average PV inventory at the dealerships ranges around 60 days.
As per FADA, 28.54 lakh vehicles were sold in November, creating a new record, surpassing the record of March 2020, when 25.69 lakh vehicles were sold due to the industry’s transition from BS-4 to BS-6 emission norms.