Expect some impact on costs due to Red Sea crisis: Maruti Suzuki

Maruti Suzuki anticipates minor cost increases due to the Red Sea crisis affecting vessel routes but expects minimal impact on exports. Shipping delays may occur, but the company remains optimistic about meeting its export targets. With plans to produce battery electric vehicles this year, Maruti Suzuki aims to tap into international markets, including Japan and Europe, while catering to domestic demand. The first model, a mid-sized SUV with an impressive range, targets both eco-conscious consumers and overseas markets.

from Auto-Industry-Economic Times https://ift.tt/ANT0crd