Maruti Suzuki rules out price hike in near term, expects 6% growth in FY'13
Services Tax) that will create a lot of good sentiments... We don't really get growth from sops because it will temporarily boost sales. But it cannot give long term industrial growth."
He also said the growth will also depend on the election result of 2014.
"...because if you have a coalition government and driven by the same kind of coalition 'dharma' which the PM has mentioned then you will have difficult time again," he said.
On the labour trouble issues facing the sector, Bhargava said, "If the economy and demand continues to be stagnant and industry finds it difficult to meet, it could give rise to more labour troubles. But if the economy picks up again, people will start getting jobs."
When asked about the outlook for next 6-8 months in the light of brewing tension at Hero plant, he said: "I think once wage settlement is done in Hero...and once that will be done, there will be peace for sometime. We have had the wage settlement, Honda have had wage settlement."
On whether he expects excise duty increase in case of diesel price hike in the Budget, Bhargava said that as the subsidy on this fuel is going to go away in the next few
months, there is no point in raising the duty.
He also said the company is assessing the market in light of diesel price deregulation.
"We are taking a judgement on what will be share of diesel and petrol vehicles. We are taking a judgement on what will
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