Maruti Suzuki chairman RC Bhargava predicts double-digit growth in next 3-5 years

Maruti Suzuki chairman RC Bhargava on Tuesday predicted double-digit growth for the company in next three to five years. He said that the double-digit growth would be achieved through conducive government policies.

Bhargava said that the double-digit growth would be in sync with the expected double-digit growth of the Indian automotive industry. He stressed that the changes that government is incorporating will be going to facilitate much faster economic growth.

The company will grow in double digits in the next three years and meet its stated target of selling 2 million vehicles a year by 2020, Bhargava said.

Bhargava also said that the company will be able to achieve the target which they had set earlier of 2 million by 2020. He said that they will have to look for expanding volumes in the range of 2.5 million and 3 million.