Maruti Suzuki chairman warns of more pressure on auto sales

Amid the rising pressure on Auto industry, Maruti Suzuki chairman RC Bhargava on Monday expressed apprehensions that he fears factors like US embargo on Iranian crude imports and new emission norms playing spoil sport.

Written by Newsroom Staff April 29, 2019 20:58

New Delhi: Amid the rising pressure on Auto industry, Maruti Suzuki chairman RC Bhargava on Monday expressed apprehensions that he fears factors like US embargo on Iranian crude imports and new emission norms playing spoil sport.

“I would have had a great confidence that auto demand will pick up after the Lok Sabha polls but US putting an embargo on Iranian oil exports and
BS-VI emission norms are some of the factors which may hit auto sales going forward,” Bhargava told reporters.

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On discontinuing diesel cars from next year, Bhargava said the impact of this decision on volumes would be known from July. “We need two to three months, say till June-end, to know how customers would actually behave. So, when we will meet for the first quarter results in July, we will have a clearer idea as to what is happening in the market,” he said.