Around 80% of India's merchandise trade with Europe passes via this route.
11 Feb 2024 | 4451 Views | By Autocar Professional Bureau
Maruti Suzuki might see an increase in costs on the back of rerouting of vessels due to the Red Sea Crisis, a senior company official informed PTI.
The carmaker which exported roughly 2.7 lakh cars in the previous calendar year, stated that it does not expect the Red Sea ...
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Maruti Suzuki might see an increase in costs on the back of rerouting of vessels due to the Red Sea Crisis, a senior company official informed PTI.
The carmaker which exported roughly 2.7 lakh cars in the previous calendar year, stated that it does not expect the Red Sea Crisis to have a significant impact on the firm's overseas shipments, PTI noted.
Maruti Suzuki India Executive Officer (Corporate Affairs) Rahul Bharti said in an analyst call that there were some logistical challenges due to the Red Sea issue and there might be some increase in costs due to the risk or rerouting of vehicles, but should not be significant, PTI noted.
He stated that the lead time of despatches could change, among other factors.
Around 80% of India's merchandise trade with Europe passes via this route, PTI noted.
Maruti Suzuki has an aim to export a minimum of 7.5 lakh units by the end of this decade, Bharti added.