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Maruti Suzuki facing some challenges due to Red Sea crisis: Executive

By Economic Times - 10 months ago
Maruti Suzuki India faces logistical challenges and traffic disruption in the Red Sea, resulting in uncertainty in vessel dispatches and delays in picking up consignments. The recent attacks by Yemen's Houthi militants and retaliatory U.S. strikes have increased tensions in the Middle East, causing companies to reroute shipments and face cost increases. Maruti's prices were already raised earlier this month to pass on higher commodity costs to customers. Despite these challenges, Maruti reported a 33% increase in third-quarter profit, driven by strong demand for its SUVs.

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