The market leader in the passenger vehicle segment, in India, Maruti Suzuki India Ltd (MSIL) is no exception when it comes to the quarter (Q1FY2021) dampened by the Covid-19 crisis. Aiming to ramp up production and overcome the shortage of manpower, however, the company can draw solace from a strong core. Invested in an inclusive approach, the company is striving to emerge stronger and fitter. MSIL, according to Ajay Seth, Chief Financial Officer at the company is looking at the pandemic as an opportunity to review systems at partner dealers and vendors. Speaking at an investor conference call, stated Seth, “It will allow us to become more efficient and competitive.” Sticking to its tried and tested approach of reducing the impact of its products and services on the environment through a sustainable approach, the company registered a net sales of Rs.36,775 mn. It recorded a net loss of Rs.2,494 mn in the quarter. Notably, the losses, claimed Seth were partially offset by lower operating expenses.
Kept under check
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