The global semiconductor shortage has forced the carmaker to further slash its output.
The company said that due to an increase in various input costs, the price of vehicles was severely affected over the past year.
Despite a subdued quarter, most companies gave a strong outlook going forward, with demand expected to improve from Q2FY2022
The manufacturing industry has been on a declining trend and is not healthy for growing the competitiveness of the component industry
Maruti’s market share remains unaffected despite new products from automakers in the EV segment.
The regulator said that the fine has been slapped for "indulging in anti-competitive conduct of Resale Price Maintenance in the PV segment
However, the number of vehicles manufactured in July this year remained on the lower side as compared to July 2018
But if fuel prices continue to go northwards, it will impact the carmakers at some point and optimism will soon peter out
The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 50 per cent increase in sales at 1,62,462 units in July.
The Indian customer's preference for SUVs and compact SUVs continues with over seven SUV models among the most searched