Maruti Suzuki achieves 3 mn cumulative exports

Nov 26, 2024

Maruti Suzuki reached the 3 million export milestone with a shipment of 1,053 vehicles, including models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire, and S-Presso.
Maruti Suzuki India Limited (MSIL) recently achieved 3 million cumulative vehicle exports, marking a significant milestone for the Indian automaker. The achievement underscores the company's growing presence in the global automobile market and its contribution to India's manufacturing sector. The 3 millionth vehicle was shipped from Pipavav port in Gujarat, as part of a larger consignment. The company aims to further boost exports to 750,000 units by 2030-31.

Export portfolio

Maruti Suzuki reached the 3 million export milestone with a shipment of 1,053 vehicles, including models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire, and S-Presso. This shipment departed from Pipavav port in Gujarat. The company began exporting vehicles in 1986, with the first major shipment of 500 cars sent to Hungary in September 1987.

Maruti Suzuki reached its first million exports in FY 2012-13. The second million was achieved in FY 2020-21. The third million milestone was the fastest, achieved in just three years and nine months. This accelerated growth reflects the increasing demand for Maruti Suzuki vehicles in international markets.

“The 3 million cumulative exports milestone reflects India’s automobile manufacturing excellence and is a shining example of Brand India on the global stage. We thank the Government of India for instituting encouraging policies and enabling trade agreements with some markets augmenting export growth. Aligned with Government of India’s flagship ‘Make in India’ initiative, Maruti Suzuki is committed to deep localisation and multiplying exports. Today, 40% of passenger vehicles exported from India are from Maruti Suzuki making us the number 1 vehicle exporter in the country. Our success in international markets is the outcome of high acceptance of Maruti Suzuki’s global standard vehicles for quality, safety, design, and technology. We thank our global customers and esteemed distributors for their trust in us,” stated Hisashi Takeuchi, MD & CEO of Maruti Suzuki India Limited.

Takeuchi acknowledged the achievement as a reflection of India's manufacturing capabilities and the success of "Brand India." He thanked the Indian government for its supportive policies and trade agreements. Takeuchi emphasised Maruti Suzuki's commitment to the "Make in India" initiative through localisation and increased exports. He highlighted that Maruti Suzuki accounts for 40% of India's passenger vehicle exports, making it the country's leading vehicle exporter. He attributed the company's success to the global acceptance of its vehicles for their quality, safety, design, and technology.

H1 FY2025 exports

Takeuchi stated that Maruti Suzuki's exports have tripled in the last four years. Driven by global demand, the company plans to expand its vehicle exports to 750,000 units by 2030-31.

“Our exports from India have grown by 3 times from 4 years ago. Inspired by this global demand, Maruti Suzuki is determined to diversify and ramp-up vehicle exports to 7.5 lakh units by 2030-31,” he added.

Between April and October of FY 2024-25, Maruti Suzuki exported 181,444 units. This represents a 17.4% increase compared to the same period in the previous fiscal year. The company currently exports 17 models to almost 100 countries. Key export markets include Latin America, Africa, Asia, and the Middle East. The top export models are Fronx, Jimny, Baleno, Dzire, and S-Presso.