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Aggregators can’t dent desire to own cars: Bhargava

In a free-wheeling interview, R C Bhargava, chaiman, Maruti Suzuki shares his views on electric cars, hybrid cars and whether small cars will become passé in India soon.

While car aggregators like Ola, Uber, etc have taken most Indian cities by a storm, R C Bhargava, chaiman, Maruti Suzuki , says the companies’ business won’t make any dent into Maruti’s sales.

Speaking to Axis Bank ‘s Shikha Sharma at the Axis Capital Conference, Bhargava says customers will still have the desire to own their own personal vehicles vis a vis traveling by Ubers and Olas of the world. 

Bhargava says, “No, they(consumers) will still have a car for other areas and their leisure activities. You look at New York for example. If you go to Manhattan you will take a taxi but if you have to go anywhere else you need a car, you can’t help that.”

In the free-wheeling interview, Bhargava shares his views on electric cars, hybrid cars and whether small cars will become passé soon.

Watch video for more.

Maruti Suzuki stock price

On November 17, 2015, Maruti Suzuki India closed at Rs 4630.05, down Rs 19.75, or 0.42 percent. The 52-week high of the share was Rs 4762.90 and the 52-week low was Rs 3250.00.


The company’s trailing 12-month (TTM) EPS was at Rs 149.13 per share as per the quarter ended September 2015. The stock’s price-to-earnings (P/E) ratio was 31.05. The latest book value of the company is Rs 784.70 per share. At current value, the price-to-book value of the company is 5.90.

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