# Maruti Suzuki: small car market to grow faster, 6.1 mn target 2026-08-09T09:57:01+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Maruti Suzuki chairman RC Bhargava expects the Indian car industry to reach 6.1-6.3 million units by FY 2030-31, with the small car segment growing significantly faster than in the last five years. He credited the GST rate cut for reviving the small car market, which grew 35% year-on-year in Q1FY27. The company recorded its highest-ever annual sales of 24.22 lakh vehicles and exports of 4.47 lakh units in FY26. Managing director Hisashi Takeuchi said Maruti Suzuki added 5 lakh units of manufacturing capacity in FY26-27 and plans to launch seven SUVs in the next five to six years. The board approved an initial investment of Rs 561 crore for four biogas plants. CNG car sales rose 22% to 7.46 lakh units in FY26, and exports are expected to grow despite Middle East issues. ## Coverage - auto.economictimes.indiatimes.com - newindianexpress.com Tags: auto sales, biogas plants, GST rate cut, Maruti Suzuki, small cars, SUV expansion Canonical: https://indianopinion.org/small-car-market-to-grow-faster-than-past-5-years-maruti-chief/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/small-car-market-to-grow-faster-than-past-5-years-maruti-chief/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.