Maruti Suzuki India Limited has announced the commencement of commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana, effective 18th May 2026. The second plant carries an annual production capacity of 2.5 lakh units, taking the total capacity at the Kharkhoda facility to 5 lakh units. With this addition, Maruti Suzuki's overall annual production capacity across all its facilities now stands at 26.5 lakh units.

Second Plant at Kharkhoda: Key Details

The latest development marks a significant milestone in Maruti Suzuki's capacity expansion roadmap. The company had earlier commenced commercial production from the first plant at the Kharkhoda facility in February 2025, also with a capacity of 2.5 lakh units per annum. The second plant's commissioning completes the first phase of the Kharkhoda facility's planned ramp-up. The foundation stone of the Kharkhoda facility was laid by Prime Minister Shri Narendra Modi in August 2022.

Production Capacity Across Facilities

Maruti Suzuki's manufacturing network spans facilities in Haryana and Gujarat. The capacity breakup across all locations reflects the company's broad domestic production footprint, as detailed below:

Expansion in Line with Stated Plans

Maruti Suzuki had earlier indicated its plan to add 5 lakh units of capacity in FY 2026–27, and the addition of the second Kharkhoda plant is in line with this plan. Once fully operational, the Kharkhoda facility is expected to be among Suzuki's largest four-wheeler manufacturing locations, with a planned capacity to produce 1 million vehicles per annum. Currently, Maruti Suzuki manufactures the compact SUV Brezza and the mid-SUV Victoris at the Kharkhoda facility.

Maruti Suzuki India Limited filed a reference to the consolidated financial results of its parent, Suzuki Motor Corporation, with the National Stock Exchange of India Limited and BSE Limited on 14 May 2026. The results, prepared under IFRS, cover both the fourth quarter (January–March) and the full fiscal year FY2025 (April 2025–March 2026), providing a comprehensive view of Suzuki Motor Corporation's global financial performance across its automobile, motorcycle, marine, and other business segments.

FY2025 Full-Year Consolidated Financial Highlights

Suzuki Motor Corporation delivered consolidated revenue of ¥6,293.0 billion in FY2025, marking an increase of ¥467.8 billion or 8.0% compared to FY2024. Domestic revenue grew 7.2% to ¥1,598.0 billion, while overseas revenue rose 8.3% to ¥4,695.0 billion. However, operating profit declined 3.1% to ¥622.9 billion, with the operating margin contracting to 9.9% from 11.0% in FY2024. Profit before tax was nearly flat at ¥730.7 billion (+0.1% YoY), and profit attributable to owners of the parent increased 5.6% to ¥439.3 billion.

The following table summarises the key consolidated financial metrics for FY2025 versus FY2024:

Fourth Quarter (January–March) Performance

In the fourth quarter of FY2025, Suzuki Motor Corporation reported strong growth across key financial metrics. Revenue rose 15.2% YoY to ¥1,776.3 billion, operating profit increased 18.8% to ¥193.8 billion (margin: 10.9%), and profit attributable to owners surged 27.3% to ¥132.9 billion (margin: 7.5%).

Factors Affecting Operating Profit

For FY2025, the change in operating profit was shaped by a combination of external and internal factors. Raw material price increases were the largest drag, reducing operating profit by ¥85.0 billion, while foreign exchange rate effects provided a partial offset of +¥6.4 billion. On the internal side, volume growth contributed +¥57.4 billion, changes in mix and pricing added +¥52.2 billion, and cost reduction efforts contributed +¥43.6 billion. These were partially offset by increases in fixed costs (-¥42.7 billion), R&D expenses (-¥30.1 billion), and depreciation (-¥21.6 billion).

Key operating cost and investment metrics for FY2025 were as follows:

Segment and Geographic Performance

The Automobile segment remained the dominant contributor, with FY2025 revenue of ¥5,706.4 billion (+7.6% YoY), though operating profit declined 3.5% to ¥547.6 billion (margin: 9.6%). The Motorcycle segment delivered revenue of ¥454.5 billion (+14.2% YoY) and operating profit of ¥44.8 billion (+9.7% YoY). The Marine segment reported revenue of ¥119.5 billion (+8.9% YoY), while operating profit fell 13.0% to ¥26.6 billion.

Geographically, the Asia region was the largest contributor to revenue at ¥3,709.7 billion (+13.4% YoY), followed by Japan at ¥3,249.5 billion (+11.9% YoY). Europe saw a revenue decline of 8.0% to ¥735.0 billion, while the Other regions segment grew 7.6% to ¥491.9 billion.

India Operations: Production and Sales

India continued to be a significant production and sales market for Suzuki Motor Corporation. Automobile production in India reached 2,347 thousand units in FY2025, an increase of 245 thousand units or 11.7% YoY. Automobile sales in India rose 3.7% to 1,862 thousand units. In the motorcycle segment, production in India grew 16.6% to 1,318 thousand units, while motorcycle sales in India increased 14.7% to 1,202 thousand units. In terms of consolidated revenue, India's automobile segment contributed ¥2,516.2 billion in FY2025, up ¥214.7 billion or 9.3% YoY, from ¥2,301.5 billion in FY2024.

Non-Consolidated Performance

On a non-consolidated basis, Suzuki Motor Corporation reported net sales of ¥2,967.9 billion in FY2025, up ¥340.0 billion or 12.9% YoY. Domestic sales rose 8.4% to ¥1,297.6 billion, while overseas sales grew 16.8% to ¥1,670.4 billion. Operating profit increased 19.2% to ¥224.1 billion (margin: 7.6%), ordinary profit rose 19.0% to ¥284.4 billion (margin: 9.6%), and profit attributable to owners of the parent grew 9.8% to ¥253.7 billion (margin: 8.5%).

Cash Flow and Balance Sheet

Suzuki Motor Corporation generated operating cash flows of ¥717.5 billion in FY2025, up ¥47.8 billion YoY. Investing activities resulted in an outflow of ¥499.5 billion, while financing activities recorded an outflow of ¥127.3 billion. The cash balance at the end of FY2025 stood at ¥973.3 billion, compared to ¥842.7 billion at the end of FY2024, an increase of ¥130.6 billion.

FY2026 Outlook and Dividend

For FY2026, Suzuki Motor Corporation has forecast consolidated revenue of ¥6,800.0 billion (+8.1% YoY), driven by overseas revenue growth of 10.5% to ¥5,190.0 billion. However, operating profit is projected to decline 8.5% to ¥570.0 billion (margin: 8.4%), and profit attributable to owners is forecast at ¥380.0 billion (-13.5% YoY). India's automobile sales are expected to grow approximately 10% in FY2026.

On the non-consolidated basis, Suzuki Motor Corporation has planned a full-year dividend of 46 yen per share for FY2025 (interim: 22 yen, year-end: 24 yen), compared to 41.00 yen per share in FY2024. The FY2026 annual dividend is forecast at 51 yen per share.