3 weeks ago
Maruti expects India's car market to hit 6.3 million units
Maruti Suzuki is a big car-making company in India.
It makes lots of the small cars you see on the roads.
The company thinks people in India will buy more and more cars in the coming years.
Small, affordable cars are expected to become popular again.
Big cars called SUVs are also still very popular.
Maruti believes the whole car market could grow to about 6.3 million cars by 2031.
To get ready, the company will spend lots of money to build more cars in its factories.
It also wants to build four biogas plants to help the environment.
Biogas is a fuel that can be made from waste, and it can help reduce pollution.
Maruti is preparing to be part of India's big car boom.
Maruti Suzuki expects India's passenger vehicle market to reach 6.1-6.3 million units by FY31, driven by a small-car revival and continued SUV growth.
The carmaker plans to invest about Rs 35,000 crore ($4 billion) to raise annual production capacity to 3.65 million vehicles by FY31.
Maruti plans to launch seven new SUVs over the next five to six years to strengthen its position in the fast-growing SUV segment.
The company reported record vehicle sales of 2.42 million units in FY26 and all-time high exports of 447,000 units.
Its board approved an initial Rs 561 crore investment to establish four biogas plants, supporting India's net-zero ambitions.
- Who
- Maruti Suzuki India, led by Chairman R.C. Bhargava and Managing Director & CEO Hisashi Takeuchi
- What
- Expects India's passenger vehicle market to reach 6.1-6.3 million units by FY31 and plans a Rs 35,000 crore investment to expand production capacity to 3.65 million vehicles
- Where
- India
- When
- By financial year 2030-31 (FY31), as outlined in the company's 2025-26 annual report
- Why
- Because the company expects a revival in small-car demand, continued SUV growth, and rising incomes and affordability
Key facts
- Market projection
- 6.1-6.3 million passenger vehicle units by FY31
- Planned investment
- Rs 35,000 crore (about $4 billion)
- Production capacity target
- 3.65 million vehicles annually by FY31
- FY26 vehicle sales
- 2.42 million units (record)
- FY26 exports
- 447,000 units (all-time high)
- New SUV launches planned
- 7 over the next 5-6 years
- New capacity in FY27
- 500,000 units
- Biogas plants
- 4 plants with initial investment of Rs 561 crore
Sources
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