Now Reading: Small car market to grow faster than past 5 years: Maruti chief
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Small car market to grow faster than past 5 years: Maruti chief
Small car market to grow faster than past 5 years: Maruti chief
Maruti Suzuki Chairman RC Bhargava said the small car segment will grow faster in the next five years than it did in the last five, crediting the GST rate cut as a…
The Story in Brief
Maruti Suzuki Chairman RC Bhargava said the small car segment will grow faster in the next five years than it did in the last five, crediting the GST rate cut as a catalyst. The company's annual report for FY25-26 says the car industry could reach 6.1 to 6.3 million units by 2030-31, with small cars gaining share. Maruti recorded its highest-ever sales of 24.22 lakh vehicles and exports of 4.47 lakh in FY26.
Managing Director Hisashi Takeuchi said the firm added 500,000 units of manufacturing capacity during FY26-27 and plans to launch 7 SUVs over the next five to six years. The board has approved an initial ₹561 crore investment to set up four biogas plants as part of its net-zero push.
The Indian Opinion
The usual narrative pits small cars against SUVs, but Maruti is betting on both. Critics who wrote off the entry segment ignore the GST rate cut as a game-changer. Equally, sceptics question whether SUVs can keep volume high. The real test is whether small car registrations actually accelerate in the next two quarters, a number that will settle the debate on consumer appetite for affordable mobility.
Source: auto.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
