Cars in India |

Maruti Suzuki MD, Kenichi Ayukawa Says Government Should Help Out the Auto Industry

Maruti Suzuki MD, Kenichi Ayukawa Says Government Should Help Out the Auto Industry

Snapshot: Maruti Suzuki MD, Kenichi Ayukawa opines that the Government and the automobile industry should work together to revive the demand and arrest the slowdown.

- Comments    |    Write Comment
  • Maruti Suzuki MD, Kenichi Ayukawa feels that the Government should support the automobile industry to revive the demand.

  • He also states that the industry has a critical role to play in arresting the slowdown.

Maruti Suzuki MD Kenichi Ayukawa admits that the automobile industry has witnessed a slowdown over the last year. He calls upon the industry as well as the Government to come together and help to revive the market. 

Kenichi Ayukawa states that tax deductions in the past had helped the auto industry. He seeks Government intervention in this matter and to do something similar to encourage the market. At the same time, he also urged upon the industry to pitch in with its efforts.

One of the critical demands is the reduction in the GST on new vehicles from 28% to 18%. The auto industry also seeks a vehicle scrappage policy along with the easy availability of credit to the sector. The total automobile sales fell by around 19% with the purchase of passenger vehicles declining by 31% YOY in July 2019. 

Maruti Suzuki is trying to encourage demand by introducing new vehicles and offering discounts at the same time. Maruti Suzuki has recently launched its latest MPV, Maruti Suzuki XL6 with prices starting from Rs 9.79 lakhs.

Maruti Suzuki ED, Shashank Srivastava hopes that the festive season will ring in demand. Hence, the focus will be on driving retail sales rather than stocking up inventory in the showrooms. Ayukawa acknowledges that the automobile industry is witnessing a significant shift in technologies, regulations, and policies. He assures that Maruti Suzuki will ensure strict compliance of the same.

Maruti Suzuki has upgraded seven petrol-driven models to comply with BSVI emission norms. It is investing in R&D to increase localisation and introduce new technologies. The company aims to focus on the latest technologies like hybrid and EV, CNG, and other environmentally friendly options.   

Click here for more automotive news & updates!

Related car news

  • Maruti Suzuki launches powerful and stylish Vitara Brezza 09-12-2020 Ashish P Abraham Maruti Suzuki launches the all-new powerful and stylish Vita...
  • Exclusive: 2018 Maruti Suzuki Ciaz facelift revealed in Clear Spy Images 09-12-2020 Davender Soni Exclusive: 2018 Maruti Suzuki Ciaz facelift revealed in Clea...
  • Suzuki Jimny off-roader showcased at the Auto Expo 2020 08-02-2020 Autoportal Team Suzuki Jimny offroader unveiled at the Expo to gauge the Ind...
  • 2020 Maruti Vitara Brezza Unveiled at Auto Expo 06-02-2020 Ankit Gupta 2020 Maruti Vitara Brezza Debuts at Auto Expo; Details Insid...
  • Maruti Suzuki announces ‘Mission Green Million’ 05-02-2020 Ankit Gupta Target for Maruti – ‘Sale of a million green cars.’
  • Maruti Vitara Brezza Facelift Interior Spied; Launch At Auto Expo 03-02-2020 Prachi Walia Maruti Vitara Brezza Facelift Interior Spied For First Time;...