Maruti Suzuki sales at lowest in 6 years amid Covid-induced slowdown

The carmaker's production declined for the third consecutive year in financial year 2020-21 to an 11-year low

Maruti Suzuki is facing its biggest challenge in nearly two decades thanks to the economic slowdown and the impact of Covid-19. Its production declined for the third consecutive year in financial year 2020-21 (FY21) to an 11-year low, while sales volume contracted for the second year to the lowest since FY15.
 
The company manufactured around 1.08 million vehicles last fiscal, a decline from 1.17 million the previous year, and a steeper fall from its all-time high tally of 1.62 million reported in FY18.
 
The company’s net sales were down for a second year in FY21, while net profit