OEMs To Rework Product Mix As Small Car Sales Rise: R.C. Bhargava

Maruti Suzuki Chairman R.C. Bhargava told Business Today’s Chetan Bhutani that the recent GST rate cut on small cars from 28% plus cess to 18% will revive demand in the compact car segment. He added that many automakers will now realise the true nature of the Indian car market and may rework their product strategies. Currently, 69% of Maruti’s sales fall under the 18% GST slab, a share Bhargava expects will grow further.