At 28%—the highest slab of GST—and a compensation cess ranging between 1% and 22%, India's policy of heavily taxing passenger vehicles is dulling the prospects of growth in the industry, says Bhargava
Price hikes and higher interest rates have failed to come in the way of India's love for cars.
Although Maruti's vast customer base in entry-level cars can help alleviate the price hike post-implementation of the six-airbags mandate, it has little hope of the segment recovering.
In India, car penetration continues to remain low, especially compared to the western economies, says former CEO and current chairman of Maruti Suzuki India.
Bhargava believes India’s EV adoption will further gatekeep car ownership. Until geographical and economical fundamentals don't shift favourably, he believes CNG is a more democratising fuel source
The new mid-term management plan unveiled by Suzuki may roughly translate to sales of 1.9 million units in India by 2025-26. R.C. Bhargava, chairman of Maruti Suzuki India, says it's a cakewalk.
2020 was a transformative year, with Covid-19 altering the corporate landscape like never before. But now that 2021 is here, how different will it turn out to be? Ten leaders of India Inc. weigh in.
Maruti Suzuki chairman R.C. Bhargava believes India has the resilience to overcome the pandemic. He explains what India’s largest carmaker is doing to fight the virus.
Companies ranging from auto to garments and FMCG have joined hands to speed up the production of medical equipment such as masks, sanitisers, and ventilators.
