India’s Maruti sees passenger vehicle market rising to up to 6.3 million units by 2031
India's leading automobile manufacturer, Maruti Suzuki India, anticipates the domestic passenger vehicle market to expand to between 6.1 million and 6.3 million units by 2030-31. This growth is expected to be fueled by a resurgence in demand for compact cars and a robust segment for sport utility vehicles, according to Chairman R.C. Bhargava. The company has revised its five-year growth projections as it anticipates the small-car segment to proliferate more rapidly than in the preceding five years.
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