HomeAutomobileWill never reduce our focus on buyers who cannot afford expensive cars: Maruti Suzuki Chairman

Will never reduce our focus on buyers who cannot afford expensive cars: Maruti Suzuki Chairman

Bhargava stated that it is awaiting a government policy framework to promote all green technologies, including strong hybrids, to replace petrol and diesel vehicles and reduce carbon dioxide emissions

August 04, 2024 / 16:48 IST
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R C Bhargava - Maruti Suzuki
MSIL Chairman stated that MSIL was the first company to start the production of CNG cars, because they were more economical than petrol cars as well as environmentally cleaner

At a time when the small car segment continues to shrink in the domestic passenger vehicle industry, Maruti Suzuki India Limited Chairman RC Bhargava reaffirmed that it will not disregard the needs of budget-conscious buyers who cannot afford affordable vehicles.

"We have believed that the company will benefit most if, while enhancing its competitiveness, the economic and social needs of society are also met to the maximum extent possible," Bhargava told shareholders in the company's annual report.

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He went on to add, "Thus, our continued efforts to manufacture low-cost small cars have been in recognition of the economic condition of a large majority of citizens and their aspiration to own a comfortable and safe means of transport."

While the passenger vehicle market sustained growth momentum in Q1 FY25 the small car sales continue to be on a downswing. During April-June, Maruti Suzuki sold 2,22,193 units of passenger cars, witnessing a 12.8 percent year-on-year decline against 2,54,973 units in the same period last year.