Maruti Suzuki India stock (April 2026) | Growth, Valuation & Analysis

Maruti Suzuki India

NSEI:MARUTI

Rp 12.509,00

+ Rp203,00 (1,65%)

12.509,00 Rp

+Rp203,00 (1,65%)

End-of-day quote: 04/02/2026

Maruti Suzuki India Stock Value

The current analyst rating for NSEI:MARUTI is Outperform.

Outperform

Maruti Suzuki India Company Info

EPS Growth 5Y

18,86%

Market Cap

Rp3.869,04 B

Long-Term Debt

Rp0,03 B

Annual earnings

04/23/2026

Dividend

Rp135,10

Dividend Yield

1,08%

Founded

1981

Industry

Consumer Discretionary

Country

India

Website

Maruti Suzuki India

ISIN Number

INE585B01010

Website

http://www.marutisuzuki.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp17.427,50

39.32%

Last Update: 04/02/2026

Analysts: 40

Highest Price Target Rp20.000,00

Average Price Target Rp17.427,50

Lowest Price Target Rp13.188,00

In the last five quarters, Maruti Suzuki India’s Price Target has risen from Rp11.184,13 to Rp13.602,14 - a 21,62% increase. Forty analysts predict that Maruti Suzuki India’s share price will increase in the coming year, reaching Rp17.427,50. This would represent an increase of 39,32%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Maruti Suzuki India do?

Maruti Suzuki India Limited operates as a leading automobile manufacturer renowned for its extensive range of vehicles catering to diverse customer preferences. The company focuses predominantly on the design, development, production, and marketing of a wide assortment of passenger vehicles and has established itself as a household name in the Indian automotive sector. Business Segments The company segments its operations primarily into two categories including Domestic Sales and Exports, whic...

Business Segments

The company segments its operations primarily into two categories including Domestic Sales and Exports, which form the backbone of its revenue generation.

Domestic Sales

The domestic market represents the lion's share of business, constituting a significant percentage of total sales. For FY’24, domestic sales achieved a unit volume of 1,852,256 vehicles, showcasing an 8.5% increase from the previous year. Within this, the compact segment remains a cornerstone, representing 44.7% of domestic sales, despite facing a slight decline. The utility vehicle segment, on the other hand, saw an impressive growth of 75.4%, capturing a notable market share with 34.7%.

Exports

Exports also play a critical role in the company’s portfolio, with the company witnessing a 9.2% growth, totaling 283,067 units for FY’24. This underscores the company’s commitment to expanding its reach beyond domestic borders and tapping into international markets, thus diversifying its operational base.

The company is also divided into various product segments, including but not limited to mini cars, compact cars, mid-size cars, utility vehicles (UVs), vans, and light commercial vehicles (LCVs).

Business Strategy

The company relies on a multifaceted business strategy that focuses on enhancing customer experience, sustaining market leadership, and driving innovation. The company strives to create value for its customers by offering products that are not only reliable but also incorporate advanced technologies and features. Continuous research and product development remain a priority, allowing the company to introduce new models and variants that resonate with evolving customer demands and preferences.

Additionally, the company is committed to sustainability and eco-friendliness. The company is focused on reducing the carbon footprint of its operations, utilizing environmentally friendly practices throughout its manufacturing facilities, and developing vehicles that comply with the latest emission norms. Moreover, the company emphasizes cost efficiency and productivity improvements across all functions. The company also embraces digital transformation to enhance the customer journey—utilizing technology for better engagement and service delivery. Initiatives like online booking, virtual showrooms, and enhanced customer relationship management systems exemplify the company's commitment to leveraging technology for a better customer experience.

Products and Services

The company offers a diversified portfolio of vehicles tailored to meet the various needs of Indian consumers. The product line ranges from compact cars to SUVs, catering to different segments of the market. Mini cars are designed to provide affordability and fuel efficiency, making them popular among urban customers, while the compact and mid-size segments focus on comfort and performance for families and professionals alike. The company's utility vehicles (UVs) have gained significant traction in recent years, reflecting changes in consumer preferences towards more spacious and versatile options. This segment features an array of designs suited for different lifestyles, facilitating both personal and professional use.

Additionally, the company produces light commercial vehicles (LCVs), targeting the commercial sector with vehicles designed for utility and transport. Furthermore, the company not only emphasizes manufacturing excellence but also provides comprehensive after-sales services and support. This includes warranty programs, regular maintenance services, and a network of authorized service centres, ensuring customer satisfaction and reliability.

Geographical Markets Served

The company serves a wide geographical range, primarily focusing on the Indian market, which contributes significantly to its revenue. However, the company also has a notable presence in international markets, exporting vehicles to over 100 countries globally.

Seasonality

The company experiences seasonality in its sales and production, influenced primarily by festive seasons and climatic conditions. The Indian automobile market typically sees a surge in vehicle sales during the festive months, as consumers perceive this time as auspicious for making significant purchases. Consequently, the company prepares for heightened demand by ramping up production and inventory levels preceding these periods. Conversely, lean seasons may lead to a decrease in sales volume, impacting total revenue for certain quarters.

Customers

The company serves a diverse demographic, which ranges from first-time car buyers to seasoned automotive customers. Its customer base is extensive, with millions of satisfied customers across India. Categories of customers served include families, professionals, and commercial sectors.

Marketing/ Distribution Channels

The company employs a multi-channel marketing strategy that maximizes its brand visibility and accessibility. The company utilizes traditional marketing approaches, including print media and television advertisements, alongside innovative digital marketing techniques to reach potential customers. The distribution network includes a comprehensive array of dealerships, allowing consumers across urban and rural areas to access its vehicles and services easily.

History

Maruti Suzuki India Limited was founded in 1981. The company was formerly known as Maruti Udyog Limited. The company was incorporated in 1981.

Maruti Suzuki India Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Automotive production: approx. 90% - Spare parts and accessories: approx. 8% - Other services: approx. 2% **TOP 3 Markets:** 1. **India:** approx. 70% 2. **African markets:** approx. 15% 3. **Latin America:** approx. 10% Maruti Suzuki India Limited generates...

At which locations are the company’s products manufactured?

**Production sites of Maruti Suzuki India Limited:** 1. **Gurgaon, Haryana** 2. **Manesar, Haryana** 3. **Hansalpur, Gujarat** Maruti Suzuki India Limited mainly produces its vehicles in India. The main production facilities are located in Gurgaon and Manesar in the state of Haryana as well as in...

What strategy does Maruti Suzuki India pursue for future growth?

**Electrification:** Planned introduction of 6 new electric vehicle models by 2030. **Investments:** $2.5 billion in research and development for sustainable technologies (2025-2030). **Market expansion:** Increase in production capacity by 20% by 2027. Maruti Suzuki India Limited is pursuing an...

Which raw materials are imported and from which countries?

**Main imported raw materials:** Steel, aluminum, electronic components **Countries of origin:** - **Steel:** Japan, South Korea - **Aluminum:** China, Australia - **Electronic components:** China, Taiwan Maruti Suzuki India Limited imports a variety of raw materials and materials essential for au...

How strong is the company’s competitive advantage?

**Market share in India:** approx. 43% (2023) **Revenue growth:** 11% (2023) **EBITDA margin:** 12.5% (2023) Maruti Suzuki India Limited holds a significant competitive advantage due to its dominant market share of around 43% in the Indian automotive market. This market share enables the company to...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approx. 40% (2025, estimated based on historical data) **Insider Purchases/Sales:** No significant transactions in the last quarters (2025, estimated) The institutional investor share in Maruti Suzuki India Limited traditionally stands at around 40%, indicating a...

What percentage market share does Maruti Suzuki India have?

**Market share of Maruti Suzuki India Limited:** approx. 42% (2025, estimated) **Top competitors and their market shares:** 1. **Hyundai Motor India:** approx. 17% 2. **Tata Motors:** approx. 14% 3. **Mahindra & Mahindra:** approx. 8% 4. **Kia Motors India:** approx. 7% 5. **Toyota Kirloskar Mo...

Is Maruti Suzuki India stock currently a good investment?

**Revenue Growth:** 10% (2024) **Profit Growth:** 8% (2024) **Market Share in India:** 43% (2024) Maruti Suzuki India Limited recorded a revenue growth of 10% in 2024, attributed to strong demand for their vehicles and an effective sales strategy. The company also achieved a profit growth of 8%, in...

Does Maruti Suzuki India pay a dividend – and how reliable is the payout?

**Dividend yield:** 1.2% (estimated for 2025) **Dividend history:** Continuous payout over the last 5 years Maruti Suzuki India Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The current dividend yield is estimated at 1.2%, which is moderate...

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Maruti Suzuki India Stock Value

Maruti Suzuki India Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Maruti Suzuki India do?

Maruti Suzuki India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Maruti Suzuki India Stock Value

Maruti Suzuki India Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Maruti Suzuki India do?

Maruti Suzuki India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.