Maruti Suzuki Share Price Surges 46% in 2025, Set for Best Annual Run Since 2017

Maruti Suzuki India, the country’s largest automaker, is on track for its strongest yearly performance in nearly a decade. Shares have surged 46.21% in 2025, reflecting strong domestic demand and a revival in passenger vehicle sales, particularly small cars, during the festive period.

Market Performance

The stock has risen to ₹15,903 apiece, pushing the company’s market capitalization past ₹5 lakh crore. This milestone places Maruti Suzuki among an elite group of 12 Indian companies with such a high valuation.

The stock showed volatility early in the year, but stabilized by March and gained momentum from August onwards. Growth was supported by policy measures boosting domestic consumption and renewed interest in small cars.

Main News

The festive season (22 Sept–31 Oct 2025) highlighted the company’s strong sales trajectory:

• Total units sold: 400,000, up from 211,000 a year ago.
• Small cars contribution: 250,000 units, marking 100% YoY growth

The surge reflects consumers responding to indirect tax cuts and expectations of reduced GST rates, along with an improved product mix.

Company Financials

Maruti Suzuki reported solid results for the September quarter:

• Net Profit: ₹3,349 crore, up from ₹3,102 crore YoY
• Revenue from operations: ₹42,344 crore, up 13% YoY
• Export performance: 110,000 units, up 42.2% YoY
• Domestic sales: 551,000 units, down 5.1% due to postponements ahead of GST-related price cuts
• EBITDA Margin: 10.5%, down 140 bps YoY

The results show a balanced mix of domestic demand and export growth, with higher average realizations driven by SUVs and premium models.

Growth Trajectory

Maruti Suzuki continues to focus on expanding its passenger vehicle market share:

• Small-car segment: projected to grow ~10% YoY
• Overall PV industry: expected to grow ~6% YoY
• Exports FY26 target: 400,000 units, with over 200,000 units already shipped in 1HFY26

The company has also planned eight new SUV launches until 2031, supporting its long-term goal of capturing 50% PV market share.

Summary

Maruti Suzuki’s share price rally and robust quarterly performance underline the company’s resilience and growth in both domestic and export markets. With strong festive sales, improved revenue, and a strategic focus on SUVs and small cars, the automaker is positioned for one of its best annual runs since 2017.