‘Next year we should be back to 40% market-share’
Gujarat. In an interview with FE’s Roudra Bhattacharya and Rishi Raj, chairman RC Bhargava discusses the market, the prospects and the challenges. Excerpts:
Auto sales have not been good this fiscal. How’s the outlook for the next fiscal and what are the triggers required for sales to pick up, apart from duty cuts, which the industry keeps asking for?
So far, nothing has made sales better than what it has been in the last few months. Duty cuts will not happen. The only thing to push demand for cars is faster economic growth and nothing else. Looks like the next fiscal will also have single-digit growth and we should be more or less at the same level. Diesel cars are already slumping, though there’s a small jump in petrol car demand because of cars like the Alto. The percentage of
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