Maruti Suzuki outlines growth and capacity plans

Maruti Suzuki India forecasts that the domestic passenger vehicle market will grow to between 6.1 million and 6.3 million units by fiscal year 2030-31. This projection reflects expectations of continued expansion in India’s car market over the medium term. The outlook provides the backdrop for the company’s plans on capacity, products and sustainability initiatives.

The market estimate underscores the scale Maruti is preparing for as it aligns production and product strategy with anticipated demand. It also indicates confidence in the broader passenger vehicle segment across categories.

Maruti recorded its highest-ever annual sales in FY2025-26, delivering about 2.42 million vehicles. Exports during the same fiscal year stood at roughly 447,000 vehicles, also reflecting strong overseas demand. These volumes mark a significant operational milestone for the company.

The combination of robust domestic sales and sizable exports supports the company’s plans to further scale manufacturing. The record performance provides a recent base from which Maruti is planning its next phase of growth.

To support expected demand, Maruti has accelerated capacity expansion. The company added 500,000 units of manufacturing capacity during FY2026-27. This step increases its ability to supply both domestic and export markets in the coming years.

The capacity addition is aligned with the projected rise in the Indian passenger vehicle market. It positions Maruti to capture a share of incremental demand while maintaining flexibility across product segments.

Maruti plans to launch seven new SUVs over the next five to six years. The expansion of its SUV portfolio is aimed at strengthening its presence in a segment that has gained prominence in the Indian market. The upcoming models are expected to broaden customer choice within the company’s lineup.

By increasing focus on SUVs, Maruti is adjusting its product mix toward faster-growing categories. The planned launches will roll out over multiple years, complementing the company’s existing range.

As part of its clean-energy strategy, Maruti’s board has approved an initial investment of 5.61 billion rupees to set up four biogas plants. These facilities are intended to support sustainability efforts within the company’s operations. The move indicates a parallel focus on environmental initiatives alongside volume and capacity growth.

The biogas plants form one pillar of Maruti’s longer-term approach to cleaner energy use in manufacturing. This investment complements its broader growth plans by addressing energy and emissions considerations within its industrial footprint.