Maruti Suzuki, MD & CEO, Kenichi Ayukawa on Baleno launch, price hikes | #BalenoLaunch | #Maruti

Great pricing, uh, great aggressive looking car with good features.

I think it is my pleasure because that we have been preparing the new age balance for the customer. Uh, since 2015 that we launched this vehicle and already seven years has passed. Unfortunately, due to the COVID etcetera happened that you know we had a little bit deteriorated in a new launch but unfortunately today we can start delivering it to our customer. People are waiting in the market. It's my pleasure.

No, no, no, no. We are separate. Equally that preparing those kind of segment already that gauge the weekend opportunity to announce that the market, right.

Uh, at the process that we are already announced that 1500 crore they invested in this model, you know, and also that this model already shifting from Haryana to Gujarat and we will continue producing this model in Gujarat. As you said that, you know, this model also targeting the global market and already had more than 100 countries exporting the old version. Maybe we can continue that, you know, those kind of market and these are the very convenient export, right? That's why that we continue to producing this model in Gujarat. Uh, total show that we are of course a very good relationship with them and for our model they're providing them. They will decide by themselves that we can anytime we can support that, right.

We are manufacturer, you know, we try to do by ourselves but already 2025, by 2025, uh, motor corporation announced that India to launch the vehicle. We already only two and three years remain, right? We have to start preparation but manufacturing preparations at the, uh, EV soon. You'll be soon manufacturing, they be starting to manufacture.

I think that the issue is not perfectly resolved because day by day some new issues coming, right. And for of course comparing the last August of the September last time, the situation becomes better. And globally conditions that are improving right now. That's why some countries are facing a difficulty but due to COVID the situation they're changing. But globally, not only auto industry but other including other industries, the chip demand is very very high and unfortunately global capacity of the chip maker is limited. We have to try to find some solution. It takes time, maybe one year something like that more.

I think the histogram becomes better but still continues some portion, not hundred percent. It takes a long time.

I think it's that we are reviewing it. I mean, I already said that we are reviewing carefully that input cost situation. And maybe last year very quickly improving at my commodity price etc. I hope this area a little bit stable. We can try to absorb some cost by our cost reduction efforts. Expected to depend on the situation. Sir, global situation is very very fast moving, right? We have to carefully watch because all our component material linked to that global economical condition. That's why we cannot decide by ourselves either with this global crisis between the Ukraine and that crisis.

You know, material and the component if related to some those area we have to carefully watch but this moment that we cannot take it so serious. We have to see well, right, well okay.