RC Bhargava, President, MSIL | Photo credit: KSL
Maruti Suzuki India (MSIL) said Friday that the government should lower taxes and relieve regulations for entry level cars so that more than 30 million wheel owners can update cars.
Like Kei cars (small car) in Japan, the center should reduce taxes and regulations to make such vehicles affordable, RC Bhargava, president, MSIL, told Virtual Call journalists.
“Kei cars have a different set of regulations compared to other cars, and taxes on them are much slower. They are cheaper and more affordable and have made it possible for people in Japan to change four -wheel motorcycles.
When asked if small electric vehicles (EV) can be a solution, he said it may be possible if any manufacturer can reduce the cost of an EV in half or even less to about ₹ 5 Lakh. Not only one EV, but only a gasoline car can have an affordable cost of around ₹ 5 Lakh and solve the problem, Bhargava added.
The first EV of Msil in September.
In the company’s first EV, and Vitara, Bhargava said it will be launched before the end of September, and Msil plans to sell around 70,000 units this year, or how maximum it will be exported.
Meanwhile, the company reported a net consolidated gain of ₹ 3,911 million rupees in the fourth quarter (fourth quarter) that ended on March 31, decreasing by one percent year -on -year (interannual), on account or higher. He had registered a net gain of ₹ 3,952 million rupees in the previous year. Total revenues, however, increased to ₹ 40,920 million rupees in the fourth quarter of 2015 compared to ₹ 38,471 million rupees in the period of the previous year.
MSIL said its total duration of expenses, the revision quarter increased to ₹ 37,585 million rupees compared to ₹ 34,624 million rupees in the fourth quarter of fiscal year 2014, 8.5 percent year -on -year.
National sales
Duration The quarter in review, national sales grew by 3 percent, while exports increased 8 percent year -on -year, resulting in a general growth of 3.5 percent, he said.
National sales were located in 5,19,546 units and exports to 85,089 units in the fourth quarter, the company declared.
For the full financial year, the company reported a consolidated network or ₹ 14.5 billion rupees, 7.5 percent more, compared to ₹ 13,488 million rupees in the fiscal year2023-24.
Income also increased around 8 percent to ₹ 1.52,913 million rupees in fiscal year 200
MSIL sold a total of 22,34,266 vehicles during the year, with 19,01,681 units sold in the domestic market and 3,32,585 units in the export market.
“The growth of the domestic market was abandoned. For the company, a modest growth of national sales of 2.7 percent was compensated by a healthy export growth of 17.5 percent that led to an aggregate growth of 4.6 percent for the year,” Msil added.
MSIL’s shares closed to ₹ 11,685.90 each in the EEB on Friday, a lower ₹ 1.81 percent from the previous closure.
Posted on April 25, 2025