Image Source: Maruti Suzuki
Maruti Suzuki India Ltd (MSIL), India's largest car manufacturer, is poised for another record year with promises of strong export growth, big electric vehicle (EV) rollout, increased safety features, and huge capital investments. The company's management has laid out a bold plan for FY26 on the back of a record export performance and a renewed emphasis on international markets and product innovation.
Key Highlights
Record Exports and Ambitious Growth Target:
Maruti Suzuki has exported a record 3,32,585 units in FY25, an increase of 17.5% year on year and close to 43% of India's overall passenger vehicle exports. The company hopes to see exports increase even more this year, driven by new model launches and entry into other markets.
EV Production Target at 70,000 Units:
Maruti Suzuki is aiming at production of 70,000 electric vehicles in FY26, with emphasis on exports. The highly awaited eVitara, the first battery electric vehicle of the company, will be produced at its Gujarat facility and shipped to approximately 100 countries, including major markets in Europe and Japan.
Capital Budget of ₹80–90 Billion:
The carmaker has set aside a capital outlay of ₹80–90 billion for the current financial year to finance capacity growth, new model introductions, and technology enhancements.
Six Airbags Across All Cars:
In a huge safety drive, Maruti Suzuki will make six airbags a standard feature on all its models by FY26, after upgrading the Eeco MPV recently. This initiative should enhance the brand's desirability in the domestic market and export market alike, following international safety standards.
No Hit from US Tariffs:
Company officials explained that Maruti Suzuki exports will not be impacted by any expected US tariffs, since the company doesn't export cars to the US market. Its leading export markets continue to be South Africa, Saudi Arabia, Chile, Japan, and Mexico.
Solid Model Portfolio and Worldwide Presence:
The Fronx, Jimny, Baleno, Swift, and Dzire were the top export models in FY25. Maruti Suzuki currently exports 17 models to around 100 countries, and overall exports have breached 3 million units.
Industry Outlook:
Maruti Suzuki expects the Indian passenger vehicle market to grow by 1–2% in FY26, with exports and the EV segment to be major drivers of growth.
As consistent with the vision of the Government of India 'Make in India', we had a record exports of 3,32,585 units. This success re-established us once again as the number one exporter of passenger cars from India," said Hisashi Takeuchi, MD & CEO, Maruti Suzuki India Ltd.
Source: CNBC TV18, India Today, Business Today, Times of India, CarWale, AckoDrive
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