India: Taxis to overtake private car sales soon, says Maruti Suzuki’s RC Bhargava

India: Taxis to overtake private car sales soon, says Maruti Suzuki’s RC Bhargava

Maruti Suzuki chairman RC Bhargava. Maruti Suzuki fleet sales surged 60% during 2015-16, largely on account of demand from online taxi services such as Ola and Uber. Photo: Ramesh Pathania/Mint

In a move that is indicative of Indian auto companies’ belated and grudging acceptance that their industry has been disrupted, perhaps forever, by new models of ownership, the country’s largest car maker, Maruti Suzuki India Ltd, expects the bulk of future vehicle purchases to be in the taxi space.

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