ET Now: Let’s speak in regards to the vehicle market…
RC Bhargava: India is now the most important rising market on this planet. There isn’t any different nation on this planet of any dimension that has the potential of development within the automotive market which India has.
Whether or not it’s the US, whether or not it’s Europe, whether or not it’s Japan, whether or not it’s China — all these international locations have now turn into saturated by way of their potential to soak up extra automobiles. And all these international locations actually usually are not having any development of their market. Their manufacturing is a substitute type of scenario.
India is the one nation which has nonetheless a number of distance to go earlier than the market turns into saturated. It is because of this that within the final 15-20 years nearly each automotive producer on this planet has discovered its method into India. And those that haven’t come want to come now, as a result of they assume that the altering applied sciences and necessities give them a chance which they may have missed earlier.
So the Indian automotive market goes to be a rising automotive market. Equally, it will be a extremely aggressive automotive market. It has been a aggressive automotive marketplace for the final 15 years. It’s going to proceed to develop to be a really aggressive market.
In any aggressive market, the beneficiary is at all times the client. And to get the client to purchase your automobiles, corporations need to work to carry the most effective of applied sciences, the most effective of merchandise, the best reliability within the merchandise, the most effective of after-sales service. That’s what Maruti has been attempting to do all these 40 years.That’s what we’ll proceed to do and we’ll proceed to see that we make our greatest efforts to maintain a big a part of the market below our management.