Staying optimistic about the festive season, R C Bhargava, Chairman, Maruti Suzuki India said that, "sales in October this year will be comparable to sales in October last year".
The festive season in India has always offered a substantial boost to car sales in the country. Especially, with the massive slowdown witnessed in the last few months, carmakers are hoping for things to turn around, and Maruti Suzuki is certainly one among them. Addressing the media today, post the company's Q2 financial result announcement, R C Bhargava, Chairman, Maruti Suzuki India said that, "sales in October this year will be comparable to sales in October last year". This is despite the company witnessing about 24.8 per cent drop in September 2019 sales and an overall 30.2 per cent slump in the Q2 sales of FY2019-20.
Last year, in October 2018, Maruti Suzuki India's total sales remained flat at 146,766 units, a mere 0.2 per cent growth as compared to the 146,446 units sold during the same month the previous year. In the domestic market, things were a little better for Maruti Suzuki last year, with the company selling 138,100 units, a 1.5 per cent growth, as against 136,000 units in October 2017. However, last October, the company's export took the biggest hit with 17 per cent de-growth at 8,666 units compared to 10,446 units sold during the same month in 2017.