New Delhi: The country's largest car maker Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead as many of the challenges that led to slowdown in the auto industry still exist, a senior company official has said.
The company, which posted a growth in domestic passenger vehicle sales after seven months in October, said it would take at least few more months to get clarity if the industry is finally on a revival path.
"We are cautiously optimistic. The reason why we are cautious is that we do not have a crystal ball. Many of the factors like high cost of acquisition, confusion related to BS-IV and BS-VI, issues related to finance norms and liquidity etc, continue to be there," MSI Executive Director (Marketing & Sales) Shashank Srivastava said.
He was replying to a query whether October sales were an indication of revival of the industry which has been grappling with demand slowdown for almost a year now.
"We are optimistic a little bit because the stock levels are manageable as the dealers money is freed up due to good retail. We need to look at the situation for couple of months before we conclude the real direction of the industry," Srivastava said.
The company's inventory level is now down to 30 days which is a positive factor, he added. MSI made most of the festive season and posted a growth of 4.5 per cent.
