Maruti Suzuki takes pole position in domestic sales, exports from India

With its strong portfolio and growing production capability, Maruti Suzuki India has actually not just provided a good-looking efficiency in the domestic market in FY24, however it has actually likewise led the export chart this financial.

The domestic traveler automobile (PV) volume of Maruti has actually leapt 9.03% year-on-year (y-o-y) at 1,607,163 systems in April-February FY24 from 1,474,107 systems throughout the year-ago duration, according to information from the market body Society of Indian Automobile Manufacturers (SIAM).

The carmaker’s exports have actually grown 12.84% y-o-y at 255,150 systems throughout the duration from April to February of the existing financial, in contrast to 226,110 systems delivered in the exact same duration of the previous financial.

Maruti’s flexible PV portfolio consists of hatchbacks, sedans, MPVs, SUVs and even a van. It offers designs like the Ignis, Baleno, Ciaz, Fronx, Jimny, Grand Vitara, XL6 and Invicto from its Nexa car dealerships. Its Arena car dealerships use the Alto K10, S-Presso, Eeco, Celerio, WagonR, Swift, Dzire, Brezza and Ertiga. The business will release its first electrical design, the eVX electrical SUV, in FY25.

The carmaker presently exports 17 designs to almost 100 nations throughout Africa, Latin America, Asia and the Middle East. Its exports have actually zoomed on the back of the addition of more designs and assistance from the moms and dad company, Suzuki Motor Corporation, which made it possible for the Brezza-maker to take advantage of a broader circulation network around the world.

Maruti presently has 3 plants, one each in Manesar (Haryana) and Gurugram (Haryana), and Suzuki Motor Gujarat, with a combined yearly set up production capability of 2,250,000 systems. The capability is 800,000 systems at the Manesar plant, 700,000 systems at the Gurugram plant, and 750,000 systems at the Suzuki Motor Gujarat plant.

The business’s 3rd plant in Haryana is showing up in Kharkhoda. It will end up being functional next year with a capability of 250,000 systems, which will be improved to 1,000,000 systems later on.

In January this year, Maruti revealed that it would develop a 4th assembly line at its wholly-owned Suzuki Motor Gujarat (SMG) plant. To end up being functional by FY27, the brand-new line will even more enhance the capability by 250,000 systems.

The carmaker will likewise established a brand-new plant in GujaratWhile operations at this plant will begin in FY29, it will reach a capability of 1,000,000 systems consequently.

Maruti is preparing to attain a yearly installed production capability of roughly 4,000,000 systems in India by FY31 as the need for PVs increases.