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
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.