GST Reforms Boost Automotive Growth, Says Maruti Chairman R.C. Bhargava

In a recent interview, the chairman of Maruti Suzuki India Ltd credited recent Goods and Services Tax (GST) reforms with injecting fresh energy into the automotive sector and several other segments of the Indian economy. He explained that the simplification of tax structures has lowered input costs, improved supply‑chain efficiency, and encouraged consumers to upgrade to newer vehicles.

The statement emphasized that the industry is actively refining its growth models to capture the full potential of the market over the next five years, with particular attention to small‑car demand, export opportunities, and technology‑driven product development.