About Maruti Suzuki India Limited (MSIL)

Maruti Suzuki India Limited (MSIL) was incorporated in 1981 and entered into a joint venture with Suzuki Motor Corporation, Japan, in 1982; it became an SMC subsidiary in 2002, with SMC holding 58.28% equity as per the latest report . The Company manufactures and sells passenger and commercial vehicles, retailed through three channels—NEXA, Arena and Commercial—and also sells aftermarket parts and accessories under the ‘Maruti Suzuki Genuine’ range . MSIL operates manufacturing facilities at Gurugram, Manesar and Kharkhoda in Haryana, and manufactures via its wholly owned subsidiary in Gujarat; commercial production at Kharkhoda began in FY 2024-25, taking overall capability to about 2.6 million units per annum (SMG: 0.75 million units per annum) . The Company exports to nearly 100 countries, with recent top destinations including South Africa, Saudi Arabia, Chile, Japan and Mexico, and it is India’s largest exporter of passenger vehicles with a share of nearly 43% . MSIL has three subsidiaries (not named here as requested) .

 

Key milestones include becoming the first Indian passenger vehicle manufacturer to produce over 2 million units in a year, achieving all-time-high total sales of 2,234,266 units in FY 2024-25, record exports of 332,585 units, and crossing 3 million cumulative exports .

 

Maruti Suzuki India Limited’s (MSIL) Business Segments

 

• Manufacture of motor vehicles: 82.76% of turnover.

 

• Sale of motor vehicle parts and accessories: 12.78% of turnover.

 

• Exports contributed 14.99% of total turnover. These vehicles are sold via NEXA, Arena and Commercial channels, and aftermarket parts are sold under the ‘Maruti Suzuki Genuine’ brands .

 

Maruti Suzuki India Limited’s (MSIL) Key Management

 

• R. C. Bhargava, Chairman

 

• Hisashi Takeuchi, Managing Director & CEO

 

• Kazunari Yamaguchi, Director (Production)

 

• Kenichiro Toyofuku, Director (Sustainability)

 

• Sunil Kakkar, Director (Corporate Planning) (with effect from April 1, 2025)

 

• Arnab Roy, Chief Financial Officer

 

• Sanjeev Grover, Company Secretary

 

Latest Updates on Maruti Suzuki India Limited (MSIL)

 

• Capacity expansion: The first plant at Kharkhoda (250,000 units per annum) became operational, raising total capability to about 2.6 million units per annum; construction of a second plant is underway and a third plant at Kharkhoda of similar capacity has been approved. A fourth production line (250,000 units per year) at the Gujarat facility is under construction .

 

• Group structure: The Board approved the amalgamation of wholly owned subsidiary Suzuki Motor Gujarat Private Limited with the Company, to streamline the structure (post its acquisition in November 2023)  .

 

• Electrification: MSIL unveiled the production version of its first Battery Electric Vehicle, the e VITARA, and will be the exclusive global production hub for the model; plans include exports to over 100 countries, a larger battery option, complimentary home charger, DC fast chargers in the top 100 cities, and over 1,500 BEV-ready service workshops across 1,000 cities . The e VITARA was showcased with battery options of 49 kWh and 61 kWh under the “e For Me” vision .

 

• Network: MSIL added 372 sales outlets and 450 service touchpoints during the year and introduced the compact NEXA Studio format to deepen penetration .

 

• Exports: Annual exports reached 332,585 units, maintaining leadership with 43% share in India’s passenger vehicle exports; MSIL commenced exports of FRONX and Jimny 5-door to Japan, where both received strong response  .

 

• Product actions: Two SUV launches are planned in FY 2025-26, including the e VITARA .