April 24, 2026

Maruti Suzuki India Posts Record Profit on Strong Exports and Robust SUV Demand

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Maruti Suzuki India, the Indian subsidiary of Suzuki Motor Corporation and the country’s largest passenger car manufacturer, announced consolidated financial results for the fiscal year ended March 2026, reporting a record net profit of 146.7 billion rupees (approximately ¥248 billion), up 1 percent from the previous year. Strong export growth from India, which exceeded 400,000 units, helped support earnings.

Revenue rose 20 percent year on year to 1.8331 trillion rupees. Vehicle production in India increased 12 percent to a record 2,347,056 units, while total sales, including OEM supply vehicles, climbed 4 percent to an all-time high of 1,974,939 units.

In the domestic market, demand was driven by the launch of the popular SUV “Victoris” and steady sales of compact vehicles. A reduction in India’s Goods and Services Tax (GST), introduced last autumn, also supported consumer demand.

Exports surged 35 percent to 447,774 units. The company expanded its sales channels across regions, including Africa, South America, Japan, and the Middle East. Export destinations for the electric vehicle “e Vitara,” whose shipments began in August 2025, have now expanded to 44 countries.

At the same time, instability in the Middle East is casting uncertainty over the outlook for the global automotive market. Speaking at a press conference in April, Chairman R. C. Bhargava said there had been “no serious negative impact on customer demand or production capacity at this stage,” while noting that rising fuel prices remain a concern.

Looking ahead, Maruti Suzuki India aims to expand its total annual production capacity in India to 4 million units by around 2030, while further strengthening domestic sales and exports.