Maruti Suzuki India Limited, The Leader In Passenger Vehicle Segment

Maruti Suzuki India Limited, the leader in passenger vehicle segment, continues to post weak set of earnings on expected lines. It posted a significant decline in top line and operating profitability due to weaker volume growth.

Weaker demand outlook has led to significant decline in the stock price, making the valuations reasonable. We advise investors to accumulate this strong business during this soft patch.

In Q1 FY20, MSIL posted a significant volume decline of 17.9 percent on a year-on-year basis, primarily due to weak demand, especially from rural areas. The subdued sentiment is on the back of multiple challenges such as increase in total cost of ownership due to mandatory long-term insurance, implementation of safety regulations and non-availability of retail finance.

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