Business Standard

PV industry expecting zero growth in volume sales in FY25: R C Bhargava

In the first half of FY24, sales in the Indian passenger car segment, which comprises small and compact cars, witnessed a year-on-year (Y-o-Y) decline of 7.9 per cent

RC bhargava
Premium

R C Bhargava, Chairman, Maruti Suzuki India (MSIL)

Deepak Patel New Delhi

Listen to This Article

The Indian passenger vehicle (PV) industry expects zero growth in its volume sales in the next financial year, primarily due to the ongoing decline in sales within the small car segment, R C Bhargava, chairman, Maruti Suzuki India (MSIL), said on Friday.

"I am not certain that I agree with the industry forecast that there will be zero growth in the car market in FY25. It is a figure that I have seen and heard. I am not saying I am in full agreement with this figure," he told reporters at a virtual press conference.

In the first half of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 27 2023 | 6:14 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com