Brands
Maruti Suzuki’s WagonR reigns as India’s bestselling car four years running
MUMBAI: Maruti Suzuki’s WagonR has maintained its pole position as India’s highest-selling car for the fourth consecutive year, with 198,451 units sold during the financial year 2024-25.
The ubiquitous box-on-wheels has now amassed an impressive customer base of 3.37 million owners since its introduction, solidifying its status as the nation’s most beloved four-wheeled companion.
“WagonR’s sustained leadership in the Indian automotive market underscores strong customer trust and an unmatched value proposition over 25 years,” said Maruti Suzuki India senior executive officer for marketing and sales Partho Banerjee.
The company points to remarkable customer loyalty as a key factor in the model’s continued success, with one in four WagonR owners returning to purchase another—a rare feat in India’s notoriously fickle automotive marketplace.
Despite the rise of SUVs and crossovers that have left many traditional hatchbacks gathering dust in showrooms, Banerjee remains bullish about the segment’s prospects: “Hatchbacks are an integral pillar of India’s automobile industry… this segment will continue to be a cornerstone in spreading the joy of mobility to every Indian household.”
The WagonR’s enduring popularity flies in the face of automotive fashion trends, suggesting that practicality trumps posturing for many Indian buyers. The model’s winning formula combines spaciousness that belies its compact footprint, fuel efficiency that protects wallets, and just enough tech to keep pace with modern expectations.
Under the bonnet, customers can choose between two K-Series Dual Jet engines—1.0L for the budget-conscious and 1.2L for those craving a bit more snarl in their steering wheel. Both come with manual and auto gear shift transmission options.
The CNG variant continues to be a hit with eco-conscious penny-pinchers, offering superior fuel economy without sacrificing performance—a claim that might raise eyebrows among enthusiasts but resonates with family accountants.
Safety features include the requisite alphabet soup of modern protection systems: ABS with EBD, ESP, and Hill Hold Assist, all built on Maruti’s Heartect platform that uses high tensile steel to keep occupants secure in the event of an unscheduled meeting with roadside obstacles.
Inside, the WagonR offers modest luxuries including a 17.78cm infotainment system compatible with Apple CarPlay and Android Auto, steering-mounted controls, and dual-tone interiors that aim to elevate the cabin ambience beyond utilitarian transport.
As India’s car market continues its rapid evolution, the WagonR’s persistent chart-topping performance suggests that in a country where value still reigns supreme, this unassuming hatchback remains the undisputed king of the road.
Brands
Rakesh Menon joins Paytm as avp – lending
Fintech product leader takes on new role after building digital lending, payments and credit products across fintech ecosystem
MUMBAI: Rakesh Menon has joined Paytm as assistant vice president – lending, taking on a new role focused on strengthening the company’s lending and credit products.
Prior to this, Menon worked at Profectus Capital Pvt Ltd as chief manager – payments based financing and digital lending.
At Profectus, he designed and launched digital credit products for merchants with variable cash flows, including overdraft-linked and revenue-share lending models. He led end-to-end LOS–LMS API integrations with payment partners and aggregators, enabling real-time underwriting, disbursal and repayment workflows.
He also worked on funnel optimisation initiatives using journey analytics, improving onboarding, KYC and disbursal conversion by 35 per cent. He developed ecosystem partnerships for transaction-data-based credit assessment and automated settlement systems, and collaborated with credit and data science teams to strengthen risk models and early delinquency detection.
Menon standardised partner onboarding and API frameworks, reducing go-live timelines by 40 per cent and improving digital scalability.
Before Profectus Capital, he worked at PayU as senior manager – presales lead – enterprise business from August 2022 to August 2023. He set up a national presales function for fintech and digital commerce clients, aligning solutions such as EMI, BNPL, BBPS and offer engines to merchant requirements.
He also helped improve conversion rates by around 15 per cent through merchant persona mapping, demo frameworks and structured sales playbooks, working closely with product and go-to-market teams.
From April 2019 to July 2022, Menon served as business unit head – SMB – direct acquisitions at Worldline, where he built the SMB online payments vertical from scratch. The business scaled to Rs 2,500 crore in annual transaction volume, growing at 45 per cent year-on-year.
During this period, he introduced paperless onboarding processes including eKYC and eSign, developed partner dashboards and CRM automation systems, and integrated platforms such as Shopify, WooCommerce and Tally to expand merchant adoption.
Across roles, Menon has worked across digital lending, payments and merchant financing, with experience in product development, ecosystem partnerships, API integrations and fintech-led growth strategies.
At Paytm, he will focus on scaling lending products and strengthening digital credit infrastructure within the company’s financial services ecosystem.
His appointment comes as fintech firms continue to expand their lending and embedded finance offerings in a competitive market.
