Maruti Suzuki to stay focused on small car segment; outlines ₹77,500 crore capex through FY31
Maruti Suzuki plans to maintain its focus on the small-car segment while outlining a massive capital expenditure of ₹77,500 crore through FY31. The company reported strong market share and growth in small-car volumes following recent tax changes.
Why it matters
As India's largest carmaker, Maruti's investment strategy significantly influences the domestic automotive market and manufacturing sector.
Maruti Suzuki India Ltd, the country’s largest passenger carmaker, expects significant growth potential in the small-car segment and will continue to focus on the category through new and appropriate product interventions, MD & CEO Hisashi Takeuchi said.
Addressing shareholders at the company’s 45th Annual General Meeting (AGM), Takeuchi said Maruti Suzuki remains the dominant player in the small-car market, with its Alto K10, S-Presso, Celerio and Wagon R models commanding an 83% market share during April-July.
The company has also witnessed strong momentum in the segment following the implementation of GST 2.0. “Post GST 2.0, the company has witnessed significant growth of 63% in small-car volumes in the April-July period,” Takeuchi said.
Maruti Suzuki’s continued focus on small cars comes as the company seeks to strengthen its product portfolio and cater to evolving consumer demand across price segments.
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