Decline in Maruti Suzuki Q3 profit for 2018-2019
The media reported that there was a decline in the Q3 profit of the car manufacturer Maruti Suzuki for this financial year 2018-2019 compared to the corresponding period in 2017-2018, by approximately 17.2%
It was earlier reported that there was also a decline in the sales of the passenger cars in December 2018, compared to December 2017.
Many of those who can afford to purchase new cars, usually have black money, and in the last few years, fewer people have surplus money.
Maruti Suzuki is spending a lot of money on advertising, however they fail to realize that if people have less money, they will not be able to purchase expensive cars.
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