rswami67 371 days ago

The trend we can observe here is, only Indian car manufacturers are reporting severe slump. Foreign cars with Indian production may be doing just well if not totally flattened out. Car is a status symbol in India. Even for rural folks. When they plunk multiple lakhs ( read GST, tax on fuel, tolls, maintenance cost, insurance, tax on insurance), a price conscious consumer in India will think 100s of times on 100s of angles. They dont plunk 5 - 10 lakhs when there is no prestige. Remember the fall of Nano? Successive governments have made owning car...a BIG deal. So people spend it on the best brand, fresh brand. Gone are the days when people bought a box on 4 wheels. It didn''t seem like people in India buy a 4 wheeler out of necessity. People buy car to show off. It has a job to do. Our Indian manufacturers hope recognize this. A car''s quality, finish, value for money, prestige it brings when flashed, has a lot to do for a decision to buy. Where as, taxi aggregators could buy what is efficient. Their investment may have peaked at this time. This may be real reason for Maruti''s slump. We can infuse 100,000 crores into failing Maruti, but 5 years down the line, they burn it all and stare at the government to bail them out. I may not be an expert on all this, but companies also should do some soul searching....