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Maruti Suzuki seeks govt help to revive small car demand in India
The company also said that it was not seeing an immediate impact from China's restrictions on rare earth magnets exports
Shine Jacob Chennai
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Maruti Suzuki has sought government's intervention to revive small car demand in India. The company said on Monday that the demand is not improving because of affordability issues and financing bottlenecks, which is stopping people from upgrading to four-wheelers from two-wheelers.
The company also said that there will be no immediate production impact from China's export curbs on rare earth magnets -- which are used in electric motors and other automotive parts
In May, the company's mini segment (Alto, S-Presso) saw a significant year-on-year drop of 31.5 per cent, selling 6,776 units compared to 9,902 units last year.
'Government should
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