India’s largest carmaker Maruti Suzuki India (MSIL) has expressed doubt over long-term sustainability once pent-up demand fizzles, leading to uncertainty over the future course of the automobile industry.
Having cornered 50 per cent share of India’s car market, MSIL is one of the biggest employers in the country.
Record growth in monthly sales may not be an actual barometer of industry health, given long-term sustenance of this growth remains questionable, cautioned the carmaker.
Fearing demand may evaporate, the industry has requested the government to defer the implementation of fuel efficiency norms and the second stage of emission norms to April 2024, in a