Maruti Suzuki , India's leading automobile manufacturer, has outlined an optimistic growth strategy focusing on small car sales and market share expansion. The company's Chairman, RC Bhargava, recently shared insights into Maruti's performance and future outlook.

Small Car Growth and GST Impact

Maruti Suzuki anticipates a 10% growth in small car sales for the second half of FY25. Notably, 70% of the company's total sales are expected to fall under the 18% GST slab, indicating a significant focus on the small car segment.

Margin Stabilization and Demand

The company expects its profit margins to stabilize around the current level of 10.50%. This stability is attributed to:

• Easing of discounts
• Strong demand for Maruti's models
• Extended waiting periods for many vehicle models

Export Performance

Maruti Suzuki's export performance is showing signs of strengthening:

Market Share Target

Maruti Suzuki has reaffirmed its target to achieve a 50% market share in the Indian passenger vehicle market by FY31. The company believes this goal could be reached sooner if the demand for small cars remains robust.

Competitive Landscape

Chairman Bhargava noted that with only one other major player in the small car segment, growth in this category will naturally benefit Maruti. This is particularly significant as other manufacturers are primarily focusing on the SUV market.

Recent Investor Communication

As per the LODR data, Maruti Suzuki held an investors' call on October 31, 2025, to discuss the financial results for the quarter ended September 30, 2025. The transcript of this call has been made available on the company's website, demonstrating Maruti's commitment to transparent communication with its investors.

In conclusion, Maruti Suzuki's strategy appears to leverage its strong position in the small car segment while also adapting to changing market dynamics. The company's focus on exports and its clear market share targets indicate a proactive approach to maintaining its leadership in the Indian automotive market.

Maruti Suzuki India Limited , the country's largest car manufacturer, has reported impressive quarterly results that exceeded market expectations. The company's performance showcases resilience in the face of various challenges, including commodity pressures and forex movements.

Revenue Growth and Sales Performance

Maruti Suzuki demonstrated robust revenue growth in the first quarter:

The significant increase in export volumes helped offset the decline in domestic sales, contributing to the overall revenue growth.

Profitability and Margins

Despite facing headwinds, Maruti Suzuki managed to improve its bottom line:

The company's EBITDA margin faced pressure due to several factors, including:

• Commodity price fluctuations
• Forex movements
• Increased marketing expenditure
• Costs associated with the Kharkhoda plant

Future Outlook

Analysts have adjusted their projections for Maruti Suzuki:

• FY26E EPS estimates have been reduced by 3.2% due to higher depreciation expectations.
• However, analysts maintain positive growth forecasts for key financial metrics:
  • Revenue growth of approximately 12% over FY25-28
  • EBITDA growth of approximately 12% over FY25-28
  • PAT (Profit After Tax) growth of approximately 12% over FY25-28

Stock Performance

The market has responded positively to Maruti Suzuki's performance:

The target price suggests potential upside from the current market price, reflecting analyst confidence in the company's future prospects.

Maruti Suzuki's ability to deliver strong results amidst challenging market conditions demonstrates its robust business model and strategic initiatives. The company's focus on export markets has paid off, helping to mitigate the impact of softer domestic demand. As the automotive industry continues to evolve, Maruti Suzuki's performance will be closely watched by investors and industry observers alike.