MARUTI / Q3-FY24 / risks

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Maruti · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ3-FY24 · 2024-01-31Back to quarter ↗

Risk intelligence

Material risks this quarter

Small car segment structural decline

Hatch segment share fell to 25% from 47% peak; first-time buyer share at 41% remains below pre-COVID levels. Recovery uncertain.

high

Red Sea logistics disruption

Rerouting of vessels due to Red Sea issues may increase costs and delay export dispatches, though impact expected to be minor.

medium

Steel cost pressure

Management noted steel may show upward movement, partially offset by PGM benefits, but commodity risk remains.

medium

CNG dual-cylinder competition

Competitors have launched dual-cylinder CNG variants offering better boot space; Maruti's response is under consideration but not yet launched.

low