Maruti Suzuki demand growth may decline in 2023: Maruti Suzuki Executive Director

Maruti Suzuki Executive Director Shashank Shrivastava has said that the demand next year will not be as strong as compared to this year. In an interview with Zee Business, he said that the 24 per cent growth in 2022 in terms of demand won’t likely be in 2023.

"This year’s sale was largely due to to the pent up demand, which was pending due to the affected supply of the last 2 years," Shrivastava said.

He further added that there are pending bookings, which are largely due to shortage of semiconductors.

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