Maruti Suzuki Makes Two Million Cars In A Year For The First Time
Maruti Suzuki is the only Indian carmaker and the first among Suzuki Motor Corp.’s global partners to achieve a production milestone of two million units in a year.
Maruti Suzuki India Ltd. has for the first time manufactured two million cars in a calendar year, which, according to its chairman, was “atypical” for the world’s third largest automotive industry.
The Swift maker is the only Indian carmaker and the first among Suzuki Motor Corp. Ltd.’s global partners to achieve this production milestone, according to an exchange filing on Tuesday. The Ertiga MPV was the two-millionth unit to roll out of the production line in Manesar, Haryana.
The Baleno, Fronx, Ertiga, WagonR and Brezza were the top five manufactured cars in 2024.
“The production milestone is a testament to India’s manufacturing potential and our dedication to the ‘Make in India’ initiative,” Hisashi Takeuchi, managing director and chief executive at Maruti Suzuki, said in the filing. “This reflects our commitment, alongside our supplier and dealer partners, to driving economic growth, supporting nation building, and making India’s automobile industry self-reliant and globally competitive.”
To be sure, Maruti Suzuki has set itself an ambitious annual production target of four million units by the end of this decade.
The company, at present, operates three manufacturing facilities—two in Haryana (Manesar and Gurugram) and one in Gujarat (Hansalpur)—with a total installed production capacity of 2.35 lakh units per year. A fourth car factory is under construction in Kharkhoda, Haryana, which when fully operational will have an annual production capacity of one million units. The first phase, with a production capacity of 250,000 units, will go onstream in 2025.
Additionally, Maruti Suzuki is scouting for land to set up a fifth facility that will also have a total manufacturing capacity of one million units per year.
Meanwhile, the company is stepping up exports from the country.
Maruti Suzuki, in its 40 years of making cars in India, has shipped three million cars overseas, according to an exchange filing on Nov. 25. The three-millionth unit was part of a shipment of 1,053 vehicles that left Gujarat’s Pipavav port on Nov. 24.
Maruti Suzuki is on track to export 300,000 cars in fiscal 2025 and achieve export volumes of 750,000-800,000 cars by 2030, Executive Director (Corporate Affairs) Rahul Bharti had told NDTV Profit previously. That’s about 20% of the four-million production target by then.
On Tuesday, Maruti Suzuki shares fell 1.57% to Rs 11,090.35 apiece on the BSE even as the benchmark Sensex ended the day 1.30% lower at 80,684.45 points.
