04 October 2010

Maruti Suzuki – Life high numbers: says JM Financials

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Maruti Suzuki – Life high numbers
􀂄 With increased capacity, expect volumes at c.110,000 units, a new high.
􀂄 Low dealer level inventory supports strong dispatches during lean season
(Pitrupaksha).
􀂄 Waiting period on models and discounting region-specific due to disparity in
dispatches and demand.
􀂄 Recently launched WagonR and Alto K10 well received. Even slower moving
models seeing improvement due to strong overall demand.
􀂄 Lower dealer inventory may hurt festive sales, strengthening competition.
􀂄 Recent rally based on optimistic assumptions may not sustain.

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