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2mo ago

Maruti Suzuki Maps Seven-SUV Push and FY2030 Goal of 4 Million Vehicles in Investor Update

The roadmap leans on a multi-fuel mix, with the e Vitara sold via battery-as-a-service to cut upfront costs.

Maruti Suzuki shares gain 3% from day’s low; outlines 7 new SUVs, 4 mn unit capacity by FY30 & more

Overview

  • Maruti Suzuki plans to scale capacity to around 4 million vehicles a year by FY2030 through new lines at Manesar and Kharkhoda and a Gujarat plant slated to start from FY2028.
  • The company will introduce seven new SUVs over the next five to six years to strengthen its position in a segment that has expanded sharply in India.
  • Its first BEV, the e Vitara, is set to use battery-as-a-service pricing at Rs 10.99 lakh plus Rs 3.99 per km with a 60% assured buyback after three years.
  • Management also flagged an entry-level car unique to Suzuki aimed at first-time buyers in the domestic market.
  • The strategy includes CNG and biofuel, highlighted by the newly inaugurated Banas Suzuki Bio CNG plant and a reported 70% share of passenger CNG vehicles between April and December 2025.