Key Points
Maruti Suzuki chairman RC Bhargava believes that as the income of customers at the entry level increases, and scooter and motorcycle owners start upgrading, the sales of small cars will rebound..
Small cars may make a comeback by 2026, said Maruti Suzuki chairman RC Bhargava in an interview..
He does not believe that two-wheeler and first-time car buyers have become aspirational and are moving to mid-sized cars and SUVs...
Rise in input costs, insurance charges, road taxes and transition to safety and emission norms hiked the price of small cars and two-wheelers..
Sales of small cars fell 12 per cent in FY24, even as the passenger vehicle sales increased 8.7 per cent..
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