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Continuing the crisis
Revenue increased to Rs 6,670. 81 crore from Rs 3,678. 76 crore in July-September 2021 due to emerging oil and fuel prices.
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The parent company of market leader Maruti Suzuki expects to close the year with sales of 3. 04 million vehicles, compared with the previous projection of 2. 91 million units. Sales in India are expected to increase by 21% this period.
September, the month of the beginning of the auspicious instance of Navaratri on the 26th, continued through Dussehra and culminated in Diwali on October 24. It has noticed the highest wholesale shipments for storage in anticipation of the so-called smart holiday, after two years of pandemic disruption. On a sequential basis, vehicle shipments for PV, 2W decreased in October compared to September. Going forward, demand for PV is expected to remain strong, especially in the SUV category. The advertising vehicles and tractors segment is in a positive position. Fear still lingers in two-wheelers, especially in the entry-level category.