Maruti Suzuki predicts stagnant growth for small cars in FY 2023-24

Maruti Suzuki’s 40-year legacy in India started with the SS80 (well-known as the Maruti 800). Small and budget cars have always been Maruti’s forte with models available for almost every type of buyer, especially new entry-level small cars. And now, after a stint of four decades, the brand has over 15 cars in its stable with starting prices ranging from just Rs. 4 lakh to Rs. 11.50 lakh. Having said that and given the growth of SUVs and buying preference shifting to bigger and premium cars, Maruti Suzuki witnessed that the growth of small cars in the last FY2022-23 became stagnant.

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