Moneycontrol
Feb 20, 2013 02:03 PM IST | Source: CNBC-TV18

Car prices will not increase: RC Bhargava

RC Bhargava, Chairman, Maruti Suzuki Limited (MSIL), expects the company to close FY13 with 5.5-6% growth

 
 
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RC Bhargava, chairman, Maruti Suzuki (MSIL), expects the company to close FY13 with 5.5-6 percent growth. He says that though the auto sector will remain under pressure in 2013, he does not anticipate car prices to be hiked anytime soon. Stating that diesel deregulation annuls any chances of higher excise duty, he feels labour troubles will continue till companies settle wage issues with workers.

Maruti Suzuki India’s sales dipped in FY12 because of the workers’ strike at its Manesar plant.

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