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Motilal Oswal Report
We met the management of Maruti Suzuki India Ltd. to get an update on the evolving demand scenario, supply-side issues, cost headwinds, etc.
The management is cautiously optimistic about demand. However, cost headwinds are material and the company is looking to dilute it through lower discounts, operating leverage, and price rises.
Festive season (32 days) was strong, with some models sold out. Growth was good across the industry. There is optimism at this point due to strong festive sales and good momentum post that.
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