Maruti Suzuki raises FY31 capex to ₹77,500 crore as growth plans accelerate: MD & CEO Hisashi Takeuchi
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Maruti Suzuki India has raised its capital expenditure plan to ₹77,500 crore for the five years through FY31, stepping up investments in manufacturing capacity, new models and research and development as the country’s largest carmaker prepares for its next phase of growth.
Managing Director and CEO Hisashi Takeuchi told shareholders at the company’s annual general meeting on Monday that Maruti will also sharply increase spending in the near term. Capex for FY27 is planned at ₹14,000 crore, up 40% from around ₹10,000 crore in FY26.
“For FY27, we have planned a 40% jump in capital expenditure in a single year from around ₹10,000 crore last year to ₹14,000 crore this year. Cumulatively, during FY27 to FY31, we have planned a capex of ₹77,500 crore,” Takeuchi said.
Maruti steps up investment across capacity, products
The latest investment plan is higher than the ₹70,000 crore commitment outlined by Suzuki Motor Corporation, Maruti Suzuki’s parent, for strengthening its Indian operations over the next five to six years.
Takeuchi said the expanded capex programme will span capacity expansion, new-model development, R&D, plant measures, marketing and sales infrastructure, carbon-neutral initiatives and logistics.
The investment cycle comes as Maruti seeks to expand production capacity and widen its product portfolio, with the company preparing for higher demand across vehicle segments and greater technology investments. Its parent Suzuki had previously outlined plans to significantly expand manufacturing capacity in India as part of its long-term growth strategy.
Takeuchi assures shareholders on E20 compatibility
Takeuchi also sought to address concerns over the compatibility of Maruti vehicles with E20 petrol, saying the company has been improving ethanol compatibility since 2008.
“All of our current ongoing products are E20 compatible products,” he said, adding that Maruti vehicles produced from the 2008 production year onwards are compatible with E20 fuel.
The assurance comes as India moves towards higher ethanol blending in petrol, making compatibility an increasingly important consideration for vehicle owners and manufacturers.
Solar capacity to nearly triple by FY31
Maruti is also directing part of its investment towards cleaner manufacturing. Takeuchi said the company plans to increase its in-house solar power capacity from 79.1 MW in FY26 to 211.3 MW by FY31.
The expanded solar capacity is expected to meet nearly 35% of the company’s total electricity requirements. Maruti plans to source most of the remaining requirement through green electricity, primarily from solar and wind power.
The carmaker will also install biomass plants at its Manesar and Kharkhoda facilities, along with its upcoming Sanand plant in Gujarat, as part of its efforts to move towards carbon-neutral manufacturing.