PV industry expecting zero growth in volume sales in FY25: R C Bhargava

In the first half of FY24, sales in the Indian passenger car segment, which comprises small and compact cars, witnessed a year-on-year (Y-o-Y) decline of 7.9 per cent

The Indian passenger vehicle (PV) industry expects zero growth in its volume sales in the next financial year, primarily due to the ongoing decline in sales within the small car segment, R C Bhargava, chairman, Maruti Suzuki India (MSIL), said on Friday.

"I am not certain that I agree with the industry forecast that there will be zero growth in the car market in FY25. It is a figure that I have seen and heard. I am not saying I am in full agreement with this figure," he told reporters at a virtual press conference.

In the first half of