He said with the introduction of new products like Grand Vitara and Brezza, bookings have increased and the number of vehicles ordered by the company has increased from 2.8 lakh to 3.87 lakh.
There is tremendous demand for Maruti vehicles, orders for 3.87 lakh vehicles are pending
The interest rate hike has not affected vehicle demand for now, but the real situation will become clear once the semiconductor shortage issue is resolved and production returns to normal. Shashank Srivastava, Senior Executive Officer, Maruti Suzuki India Limited (MSIL) has said this.
He said that with the introduction of new products like Grand Vitara and Brezza, there has been an increase in bookings and the number of vehicles ordered by the company has increased to around 3.87 lakh units from 2.8 lakh units in the previous quarter.
He said that once you have ample production, the actual demand trends will be known. He said that while the semiconductor supply has improved significantly, there are still some constraints, which are preventing the company from operating at its full production capacity.
Srivastava said that it is difficult to say when it will be normal. He said that we do not have any concrete information about the exact availability of chips. He said the company produced 95 per cent of its total capacity in May-July this year, up from 40 per cent in September last year.