Maruti Suzuki India Chairman RC Bhargava expects volume growth to stabilise around 7–8% once the post-festival surge normalises, while exports are likely to cross four lakh units this fiscal. He told CNBC-TV18 that growth should “settle around 7-8%” in the coming months.

On the export, he added, “We expect to cross 400,000 cars, maybe get to somewhere near 420,000 cars or so. Last year was 310,000 or something, so it’s more than a 25–33% growth.”

Bhargava attributed the strong performance to the recent Goods and Services Tax (GST) rate cut and the festive season rush, which boosted retail demand. “Once the new GST rates came into effect on September 22, and this was a festival season, there was a huge rush of retail customers to buy vehicles. In September, for the last nine days, and in

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