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Motilal Oswal Report
Maruti Suzuki India Ltd.’s Q2 FY21 operating performance was impacted by higher non-raw material cost, which diluted the benefits of lower discounts and operating leverage.
Deferred demand seems to be the main demand driver and hence demand evolution is a key monitorable.
Based on good Navratas and Dussehra demand, Diwali and November-December 2020 period are expected to be good.
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