New Delhi: Maruti Suzuki India Ltd has set its sights on achieving its next million-vehicle sales milestone earlier than anticipated, as revival in the small-car segment, a stronger SUV portfolio, capacity expansion and robust exports create fresh momentum for growth.
In its Annual Integrated Report for 2025-26, themed “The Next Million, New Momentum”, the country’s largest carmaker said it registered its highest-ever annual sales of 24.22 lakh vehicles and record exports of 4.47 lakh units during the fiscal.
The company crossed the two-million-vehicle annual sales mark for the third consecutive year in FY26 and said multiple growth drivers are now operating simultaneously to support its next phase of expansion.
Maruti Suzuki Chairman R C Bhargava said recent GST reforms have provided a new impetus to the automobile industry and several other sectors of the economy.
The company is currently estimating that India’s car market could grow to 6.1-6.3 million units by FY31, with the small-car segment expected to grow significantly faster than it did over the past five years, Bhargava said.
On the clean-energy front, Bhargava said Maruti Suzuki plans to begin four biogas plants in the first phase at a cost of Rs 561 crore as part of its efforts to support India’s net-zero journey.
The company believes biogas can be generated from locally available resources and could provide a clean and renewable fuel source while reducing dependence on imported CNG, he said.
Managing Director and CEO Hisashi Takeuchi said the company accelerated its capacity expansion plans in line with its confidence in the medium-term outlook.
During FY27, Maruti Suzuki added 5 lakh units of manufacturing capacity, he said. The company also plans to introduce seven SUVs over the next five to six years to further strengthen its presence in the segment.
Takeuchi said the company’s next million vehicle sales represent more than a volume milestone and would contribute to wider access to mobility, stronger manufacturing capabilities, greater adoption of cleaner technologies, deeper localisation and broader value creation for society.
