Maruti flags mounting shipping disruptions in West Asia, but exports resilient
New Delhi, Nov. 1 -- India's largest carmaker, Maruti Suzuki India Ltd., has flagged worsening shipping disruptions in West Asia, with even the alternative routes it has been using to export vehicles coming under strain. Yet, demand in the affected markets remains intact, prompting the carmaker to find new channels to reach customers, a senior executive said.
The challenges come even as Maruti's exports jumped 59.3% in October, suggesting room for further growth once the conflict eases.
"The Middle East situation has actually slightly worsened. We were using an alternate route, even that alternate route has a bit of a problem," Rahul Bharti, senior executive officer for corporate affairs, said at a press conference on Sunday.
"So, this...
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