India's Maruti sees passenger vehicle market rising to up to 6.3 mln units by 2031 - Reuters
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- Maruti Suzuki projects India's passenger vehicle market growing to 6.1–6.3 million units by fiscal year 2031, with the range spanning two forecasts from the automaker
- MSIL Chairman RC Bhargava identified small cars and SUVs as the segments driving the projected expansion to 6.3 million units
Why it matters: Maruti Suzuki, India's largest carmaker, is forecasting roughly 6.1–6.3 million units annually by FY31 — a target that signals sustained double-digit growth potential for the sector and validates continued investment in small-car and SUV production capacity. The SUV tilt in the outlook aligns with shifting Indian consumer preferences away from entry-level hatchbacks.
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