The CEO For All Seasons
“We had new experiences this year, but it’s not unique to us. Every player globally is facing this”
To say that FY20 was a challenging year for the Indian automotive industry would be an understatement. Overall auto industry volumes declined almost 18 per cent in FY20, the worst showing in a financial year in over two decades. What’s more, the domestic passenger vehicle industry also fared poorly with volumes dipping by the same quantum.
In this context, it would be unreal to expect the country’s biggest carmaker, Maruti Suzuki India Ltd, to not suffer at all. Accounting for one in every two cars sold in the country, the company has an enviable reputation — of having the highest market share for a leader in any major automobile market in the world. The large
