Small car market to grow faster than its pace of growth in last 5 years: RC Bhargava

Ma uti
Suzuki
Chai ma

RC
Bha gava
i
the
compa y’s
A ual
I teg ated
Repo t
fo
FY2025-26,
titled
“The
Next
Millio ,
New
Mome tum”.

Bha gava
att ibuted
the
GST
ate
cut
as
a
g eat
catalyst
which
p ovided
the
much- eeded
boost
to
the
segme t
alo g
with
the
ove all
i dust y.

“I
am
happy
to
i fo m
you
that
these
GST
efo ms
have
give
a
ew
impetus
ot
o ly
to
the
automobile
i dust y
but
to
seve al
secto s
of
the
eco omy…
We
a e
i
the
p ocess
of
maki g
as
accu ate
a
estimate
as
possible
of
the
likely
g owth
of
the
ca
ma ket
i
the
ext
five
yea s.
P ese tly,
we
a e
estimati g
that
the
ca
i dust y
would
g ow
to
6.1
to
6.3
millio
u its
by
FY
2030-31
a d
that
the
sha e
of
the
small
ca
ma ket
would
g ow
sig ifica tly
faste
tha
its
pace
of
g owth
i
the
last
five
yea s,”
said
Bha gava.

The
compa y
eco ded
its
highest-eve
a ual
sales
of
24.22
lakh
vehicles
a d
eco d
expo ts
of
4.47
lakh
vehicles
i
FY26.
Havi g
c ossed
the
2-millio
a ual
sales
ma k
fo
the
thi d
co secutive
yea ,
Ma uti
Suzuki
said
it
is
optimistic
about
eachi g
its
ext
millio -vehicle
milesto e
ea lie
tha
a ticipated.

Capacity
expa sio ,
SUVs
to
d ive
ext
phase

Ma agi g
Di ecto
a d
CEO
Hisashi
Takeuchi
said
the
compa y
accele ated
its
capacity
expa sio
pla s
a d
added
500,000
u its
of
ma ufactu i g
capacity
du i g
FY2026-27.
He
added
that
Ma uti
Suzuki
pla s
to
i t oduce
seve
SUVs
ove
the
ext
five
to
six
yea s
to
fu the
st e gthe
its
SUV
po tfolio.
“Reflecti g
ou
co fide ce
i
the
medium-te m
outlook,
we
accele ated
ou
capacity
expa sio
pla s.
Du i g
FY
2026-27,
we
added
500,000
u its
of
ma ufactu i g
capacity.
Custome
expectatio s
co ti ue
to
evolve
apidly.
The
compa y
has
pla s
to
i t oduce
7
SUVs
i
the
ext
5
to
6
yea s
to
fu the
st e gthe
the
SUV
po tfolio.”
said
Takeuchi.

Takeuchi
said
the
compa y’s
ext
millio
sales
would
ep ese t
mo e
tha
a
volume
milesto e,
e compassi g
g eate
access
to
mobility,
st o ge
ma ufactu i g
capabilities,
wide
adoptio
of
clea e
tech ologies,
deepe
localisatio
a d
b oade
value
c eatio
fo
society.

The
compa y
also
outli ed
its
pla s
to
expa d
its
ole
i
I dia’s
t a sitio
towa ds
et
ze o.
Bha gava
said
the
Ma uti
Suzuki
boa d
has
app oved
a
i itial
i vestme t
of
₹561
c o e
to
establish
fou
biogas
pla ts,
with
the
compa y
looki g
to
explo e
la ge
i vestme ts
i
biogas
p oductio
a d
dist ibutio
afte
gai i g
expe ie ce
with
the
tech ology.

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