“Maruti Suzuki’s outlook for the Indian market is pretty bullish. We are looking at CAGRs of 6.5% or so for the next eight-nine years. We believe the passenger vehicle market in the country will be about 6 billion in 2030. As a result, we have been introducing and investing not only in new models but also in production capacity. Very recently, we made a significant investment in the Kharkhoda plant for additional capacity of almost a million units.”
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