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Informist, Monday, Aug. 31, 2026

 

NEW DELHI – Maruti Suzuki India Ltd. plans to increase its capital expenditure by 40% year-on-year for the financial year 2026-27 (Apr-Mar) to INR 140 billion, Managing Director and Chief Executive Officer Hisashi Takeuchi said at the company's annual general meeting Monday. Although the company has a relatively smaller presence in the electric car segment compared with peers, Maruti Suzuki hinted at potentially launching a small electric vehicle in the future, provided the charging infrastructure is in place.

 

Further, the carmaker is targeting capital expenditure of INR 775 billion between FY27 and FY31. The company plans to allocate a majority of these funds towards capacity expansion, development of new models, research and development, creation of marketing and sales infrastructure, carbon reduction measures, and logistics, Takeuchi said.

 

Maruti Suzuki has been on a capacity expansion spree ever since the government cut goods and services tax rates on automobiles in late 2025. This led to a sharp uptick in demand, leaving automobile companies such as Maruti Suzuki unable to fulfil the orders. 

 

The company's total installed manufacturing capacity as of Jul. 30 was 2.9 million units per annum, with the company aiming to increase this to 3.65 million by FY31. It has four facilities currently, including three in Haryana and one in Gujarat. Work is currently underway in Gujarat's Sanand, where it plans to install capacity of one million cars at an investment of INR 350 billion.

 

Maruti Suzuki plans to introduce seven sport utility vehicles in the next five years. Additionally, the company plans to launch four electric cars by FY31. Maruti Suzuki currently has just one electric vehicle in its stable, the recently launched e Vitara. "Considering the situation of charging infrastructure in India, and also the availability of home charging capability, but as the infrastructure of EV charging will be ready in India, we will add smaller EVs in our portfolio," Takeuchi said.

 

The company is currently the biggest car exporter in India, with Japan being its second-largest market. "The trading agreements will provide us opportunities to export more to those countries like UK, Germany, France, etc. In future, exports are expected to grow further and will play a greater role in our business growth," the company said.

 

For the June quarter, Maruti Suzuki had reported a net profit of INR 33.52 billion on revenues of INR 524.56 billion. Monday, its shares ended at INR 13,547 apiece on the National Stock Exchange, 1.3% higher than Friday.  End

 

Reported by Anand JC

Edited by Shubhayan Bhattacharya

 

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