as people had less money for discretionary purchases maruti suzuki is considered a bellwether for indias passenger vehicle industry with more than 50 share in the passenger car segment it is developing two models to be priced below rs 5 lakh rc bhargava chairman of maruti suzuki said that layoffs and lower incomes have hurt the salaried class affecting their buying powerwe expect the consumer to look for better bargains the entrylevel segment will initially throw up the volumes bhargava said there seems to be greater buying ability among rural consumers with growing income levels venu srinivasan chairman of tvs motor co said consumer confidence has droppedi see lots of consumers postponing purchases and staying away from discretionary and largeticket purchases he said i see these categories as losers with a negative sentiment at least in the short termdaily commuters will likely avoid public transport for some time probably boosting demand for massmarket motorcycles or scooters that even lower salaries could supportread alsomaruti suzuki invests over rs 20 crores to commission 5 mw solar power plant in gurugrammaruti suzuki sells over 1 lakh cng vehicles in fy20 by kala vijayraghavan lijee philip et bureau published on jun 8 2020 at 0840 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app value for money maruti suzuki covid impact discretionary categories bcg consumer sentiment report tvs motor co tvs motor homenewsindustryconsumers may spend less seek value for money report