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Low cost, small cars necessary, any demand setback won't change strategy, says Maruti's RC Bhargava

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Low cost, small cars necessary, any demand setback won't change strategy, says Maruti's RC Bhargava

Maruti Suzuki's chairman, RC Bhargava, announced that FY24 was the best year in the company's history, resulting in a proposed record dividend of Rs 125 per share. Bhargava emphasized Maruti's commitment to small cars in India, stating that any temporary slump in demand would not alter the company's strategy. He also discussed Maruti's plans for electric vehicles and hybrid cars, aiming to export 20% of its production by 2030. The company plans to strengthen its presence in rural areas and smaller towns and clear inventory glut before the festive season. Additionally, Bhargava highlighted the company's efforts to improve gender parity with the appointment of two new women directors.

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