Maruti Suzuki Poised to Surpass Industry Growth in FY26

Japanese automotive leader Suzuki Motor Corporation (SMC) forecasts a modest 1–2% growth for India's passenger vehicle (PV) wholesale market in FY2025–26. However, it anticipates its Indian subsidiary, Maruti Suzuki, to exceed this growth, fueled by an ambitious lineup of new vehicle launches and significant capacity expansion efforts.

Strategic Focus on SUVs and Electric Vehicles

Despite a downturn in compact car demand, SMC remains optimistic about the Indian market, largely due to the unwavering popularity of SUVs. The company is set to introduce two new SUVs in FY26, including its debut battery electric vehicle (BEV), the e-VITARA, positioning Maruti Suzuki for accelerated growth.

Heavy Investment in Indian Operations

With a capital expenditure of 380 billion yen earmarked for the fiscal year, India is set to receive nearly half of SMC's global investment. This funding is primarily directed towards expanding automobile production capacity, including the new Kharkhoda, Haryana facility, which began operations in February 2024.

Expanding Global Footprint

Suzuki has reported a notable 50,000-unit increase in exports for FY2024–25, reaching a total of 3.33 lakh units. This growth is attributed to its expanding presence in Africa and other international markets. The company aims to establish India as a global hub for BEV production and exports, aligning with the 'Make in India' initiative.

Global Launch of e-VITARA

The e-VITARA, Suzuki's first electric model, is scheduled for a worldwide release in summer 2025, with initial availability in India, Europe, Japan, and other key markets.