Small cars to drive 10% growth in H2 for Maruti Suzuki; 50% market share target by FY31, says RC Bhargava

Maruti Suzuki Chairman RC Bhargava expects 10% growth in small cars in H2 FY25, with strong demand in the 18% GST category driving overall performance. Bhargava said margins will remain stable as discounts ease, while exports of Baleno, Fronx, and Jimny gain momentum. Maruti continues to target a 50% market share by FY31, led by affordable cars.