Maruti Suzuki says recent price increases are causing pain for buyers of entry-level cars, according to NDTV. The company points to higher vehicle prices as a factor affecting demand among customers in the lower price segments.
At the same time, Maruti highlights that demand for its compressed natural gas (CNG) vehicles remains strong. The company states that it has a significant order backlog tied to its CNG lineup, which includes 16 models. Maruti links this backlog to continued customer demand for CNG variants rather than a slowdown in interest.
Overall, the company’s commentary combines two simultaneous themes: price sensitivity among entry-level consumers and ongoing strength in the CNG market segment that is contributing to delays in order fulfillment. The report does not provide specific production capacity figures or the exact size or duration of the backlog, but it characterizes it as substantial.
