India's largest carmaker, Maruti Suzuki India Ltd., sees potential hurdles for the passenger vehicle industry even as it recovers from the pandemic's setback.
“Demand for next year—there seems to be consensus—is roughly in the range of 33.6-35.2 lakhs, indicating a growth of 13-15%,” Shashank Srivastava, senior executive director, sales and marketing at Maruti Suzuki, said in an interview to be BloombergQuint.
He, however, said there are six challenges that the industry has identified as possible spoilers:
Potential fourth wave that could cause disruption in the industry
Rising interest rates due to increasing inflation
Rising fuel prices
Surge in commodity prices.
Semiconductor shortage crisis.
Rising cost of vehicle acquisition due to regulatory changes.
The passenger vehicle industry is already grappling with challenges to increase production to meet rising demand amid push for personal mobility.
Watch the full conversation for Srivastava's views on what lies ahead for India's carmakers:
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