Maruti Suzuki Chairman RC Bhargava emphasized the significance of reviving entry-level car sales for the growth of India’s passenger vehicle (PV) industry. Expressing optimism, Bhargava expects demand for smaller cars to make a comeback in the next two to three years. He highlighted the impact of the slowdown in the smaller car segment, attributing it to factors such as rural distress, rising prices, and a shift in preference towards SUVs. Bhargava emphasized the need to address affordability factors and increase per capita income to stimulate demand for entry-level cars. Despite industry projections of stagnant growth, Maruti Suzuki reported robust figures for Q2 FY24, with a 10% growth target for the fiscal year.