RC Bhargava, Chairman of Maruti Suzuki India, has projected a 10% volume growth for the fiscal year 2027 (FY27), significantly higher than the industry-wide forecast of 5-7% by the Society of Indian Automobile Manufacturers (SIAM). This growth is supported by the addition of new production lines at the Kharkhoda and Hansalpur plants, which are anticipated to contribute 250,000 additional units to production capacity. Bhargava noted that the demand is robust, particularly in rural markets, which are growing faster than urban areas, indicating a healthy consumer appetite for Maruti vehicles.

However, the company is facing challenges with margins due to rising commodity prices, particularly steel and precious metals. Bhargava emphasized that Maruti will not hastily pass these costs onto consumers, as doing so could lead to continuous price increases. The company will carefully evaluate market conditions before making any price adjustments. On the export front, Maruti aims to maintain its target of 400,000 units for FY27, despite logistical challenges in some regions. Overall, while Maruti enters FY27 with strong production capacity and a loyal customer base, the path to margin recovery remains uncertain due to external economic factors.