RC Bhargava

The taxes, however, should not be the same for different types of cars as the "regulatory burn" on small cars is higher than on bigger cars in India

Bhargava says that each year the company, based on workers' suggestions, has saved around Rs 300 crore in costs

40 years since the first Maruti-800 rolled out from its factory, the company has come a long way. But did the champion of small cars miss the boat when it comes to the premium segment?

The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, according to Maruti Suzuki India Chairman R C Bhargava. Public sector companies need support all the time to grow and need funds from the government for capital investments, he told PTI in an interview. "I have no doubt that government should not be in business. No way," he said when asked if governments should be in the business of running enterprises on the basis of his experience of witnessing the transformation of the then government-owned Maruti Udyog Ltd to Maruti Suzuki India Ltd, majority owned by Japan's Suzuki Motor Corporation. He further said, "The fact of the matter is that companies run by the government are not efficient. They don't have productivity. They don't generate profit. They don't generate resources. They don't grow. They need government support all the time to grow." There are not many "public sector ...

With Maruti Suzuki proving to be a successful Indo-Japan collaboration, company Chairman RC Bhargava feels if the two countries work with full partnership and trust in the manufacturing sector, they would be the best in the world. Also, the growing partnership between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing, he told PTI in an interview. "I believe that India Japan partnership, which we have seen in Maruti Suzuki and some other areas, is becoming stronger, and more and more Japanese companies are getting interested in investing in India, partnering with Indian companies," Bhargava said. He cited the example of Escorts Kubota, where the latter has become a promoter in the Indian farm equipment and construction equipment maker, and said, "I think this kind of partnerships between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing." Bhargava noted that a lot can be learnt from the Japanese ..

Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?

Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?

Are hybrid cars a better solution for India than EVs? Can China's real estate crisis crash the global economy? RIL's 45th AGM: What should investors expect? What is Benami law? All answers here

Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?

The exposure of debt mutual fund (MF) schemes to certificates of deposit (CDs) issued by banks has more than doubled in the past year

The auto major noted that the regulation would largely impact the cost-sensitive entry-level car segment -- which has been facing headwinds and witnessing dwindling sales over the last three years

IiAS has raised serious questions regarding the decision of the Suzuki Motor Corporation (SMC) to invest directly in the EV project instead of MSI doing it

Bhargava says fears over Suzuki's MoU with Gujarat unfounded

A lot of statements were made by government officials supporting the automobile industry, but when it comes to taking actual steps nothing has really happened, Maruti Suzuki India Chairman said

Maruti Suzuki India Chairman RC Bhargava called for better collaboration between government and industry

"The first thing is that there has to be a national consensus on the need to grow manufacturing and on the need to create jobs," he said

Passenger vehicles currently attract top GST rate of 28% with cess ranging from 1% on those less than four metres in length with petrol engine to 22% on big SUVs longer than four metres

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

Production to reach last fiscal's level in second half: Bhargava

Supply chain glitches and unavailability of labour also a deterrent