MSME Auto MAnufacturing

Q1 of FY21 Unleashed Maruti Suzuki's Net Loss of Rs 249 Crore

As compared to net profit of Rs 1436 Cr in Q1 FY20, Maruti Suzuki posted a net loss of Rs 249 Cr in Q1 of current financial year 2021. This itself is a huge blow to not just for Maruti Suzuki but for the entire auto industry and Thousands of MSMEs that are working with this auto major as vendors.