Maruti Suzuki India , the country's leading automobile manufacturer, has reported its sales figures for March 2025 and the fiscal year 2024-25, showing modest growth in monthly sales and record-breaking annual performance.

March 2025 Performance

Maruti Suzuki announced total sales of 192,984 units for March 2025, representing a 3.1% increase compared to 187,196 units sold in the same month last year. However, the reported sales figure fell short of the estimated 202,000 units, indicating a slight underperformance against market projections.

Breakdown of March 2025 Sales

The company's sales for March 2025 can be broken down as follows:

Segment-wise Performance

Maruti Suzuki's performance across various segments in March 2025 showed mixed results:

Mini and Compact Segment

This category, which includes popular models like Alto, S-Presso, Baleno, and Swift, saw a slight decline. Sales reached 78,561 units in March 2025, down from 81,673 units in March 2024.

Utility Vehicles

The company witnessed growth in this segment, with sales increasing to 61,097 units in March 2025, up from 58,436 units in the same month last year. This category includes models such as Brezza, Ertiga, and Grand Vitara.

Vans

The Eeco van saw a decrease in sales, with 10,409 units sold in March 2025 compared to 12,019 units in March 2024.

Financial Year 2024-25 Highlights

Maruti Suzuki achieved several milestones in the financial year 2024-25:

1. Record-breaking Total Sales: The company surpassed the 2 million units sales milestone for the second consecutive year, with total sales reaching an all-time high of 2,234,266 units, marking a 4.63% increase year-over-year.

2. Highest-ever Domestic Sales: Maruti Suzuki recorded its best-ever domestic sales of 1,795,259 units.

3. Export Success: The company achieved its highest-ever annual exports, with 332,585 units shipped overseas, representing a significant 17.49% surge compared to the previous year.

4. Domestic Passenger Vehicle Sales: While overall sales grew, domestic passenger vehicle sales remained relatively flat for the fiscal year.

Conclusion

While Maruti Suzuki's March 2025 sales showed modest growth and fell short of estimates, the company's performance for the entire financial year 2024-25 demonstrates its strong position in the Indian automobile sector . The achievement of record-breaking annual sales, particularly driven by a surge in exports, highlights the company's resilience and market strength in a competitive automotive landscape. Despite challenges in the domestic passenger vehicle segment, Maruti Suzuki's overall growth trajectory remains positive, setting a solid foundation for future expansion and market leadership.

Maruti Suzuki India Limited , India's leading automobile manufacturer, has announced a significant expansion of its production capabilities. The company's Board of Directors has approved the establishment of a third manufacturing plant at Kharkhoda, Haryana, further solidifying its position in the Indian automotive market.

Expansion Details

The new facility, set to be the third plant at the Kharkhoda site, will have a production capacity of up to 250,000 vehicles per year. This addition will substantially increase Maruti Suzuki's manufacturing capabilities, bringing the total potential capacity at Kharkhoda to an impressive 750,000 units annually.

Investment and Timeline

According to the company's disclosure to the stock exchanges, the expansion project comes with an investment of INR 7,410.00 crores. Maruti Suzuki plans to finance this expansion through internal accruals, showcasing the company's strong financial position. The new plant is expected to be operational by 2029, aligning with the company's long-term growth strategy.

Capacity Utilization and Market Demand

It's worth noting that the first plant at Kharkhoda only began commercial operations in February 2025, with a second plant currently under construction. The rapid approval for a third plant underscores Maruti Suzuki's confidence in future market demand, both domestic and international. The company cited "growth in market demand including exports" as the primary rationale for this capacity addition.

Strategic Implications

This expansion is a clear indication of Maruti Suzuki's commitment to maintaining its market leadership and meeting the growing demand for its vehicles. The increased production capacity will likely enable the company to:

• Introduce new models
• Reduce waiting periods for popular vehicles
• Potentially explore new export markets

Corporate Governance Updates

In addition to the plant expansion news, Maruti Suzuki has announced changes in its leadership team:

• New Appointment: Mr. Sunil Kakkar has been approved as an Additional Director and Whole-time Director, designated as Director (Corporate Planning), effective from April 1, 2025, for a three-year term. Mr. Kakkar brings over 35 years of experience with the company and has been instrumental in various strategic initiatives.

• Role Change: Mr. Kenichiro Toyofuku's role will change from Director (Corporate Planning) to Director (Sustainability), effective the same date, highlighting the company's increased focus on sustainable practices.

These developments collectively signal Maruti Suzuki's proactive approach to growth, sustainability, and corporate governance, positioning the company for continued success in the evolving automotive landscape.