Maruti Suzuki shares rise 4% on 26% jump in April exports

Shares of Maruti Suzuki India Ltd rose as much as 4% in intraday trade on Friday after India’s largest carmaker by volume reported a 7% jump in total sales led by exports.

In April 2025, Maruti Suzuki sold a total of 179,791 units compared with 168,089 units in the corresponding month last year.

Maruti’s total sales in the month include domestic sales of 142,053 units, sales to other OEM of 9,827 units and exports of 27,911 units. Exports jumped 26% year-on-year to 27,911 units in April.

Reacting to the development, shares of Maruti Suzuki rose 3.7% to hit a high of ₹12,722 on the BSE, taking the company’s market cap to around 3.93 lakh crore.

This comes as the Japanese carmaker plans to export a majority of its 'Made in India' electric vehicle, the e-VITARA, to around 100 countries including Japan and Europe. India is the global manufacturing hub of Suzuki’s first global strategic BEV.

India’s leading passenger vehicle manufacturer registered record total exports of 332,585 units in 2024-25, marking a 17.5% increase over the previous year’s exports of 283,067 units.

As India's number one passenger vehicle exporter for the fourth consecutive financial year, Maruti Suzuki accounted for nearly 43% of the country's total vehicle exports. Fronx, Jimny, Baleno, Swift and Dzire were the highest exported models in 2024-25. The top five markets for Maruti Suzuki were South Africa, Saudi Arabia, Chile, Japan and Mexico.

Maruti Suzuki began exporting vehicles from India in 1986. Its first major shipment, consisting of 500 cars, was sent to Hungary in September 1987. By November 2024, the company had reached a milestone of exporting a total of 3 million vehicles.

Maruti Suzuki currently exports 17 models to about 100 countries. For the financial year 2024-25, Maruti Suzuki posted its highest-ever total sales of 2,234,266 units. Total sales include the highest-ever domestic sales of 1,795,259 units and highest-ever exports of 332,585 units.

In April, Maruti Suzuki raised car prices by up to ₹62,000 in order to pass on some of the increase in input costs to customers. Mid-size sport utility vehicle (SUV) Grand Vitara saw the biggest price hike of ₹62,000 followed by Eeco with ₹22,500 hike. WagonR, which became India’s top-selling car in the financial year 2024-25, saw a price hike of ₹14,000. Maruti Suzuki’s popular multi-purpose vehicles (MPV) Ertiga and XL6 each witnessed a price increase of ₹12,500. Dzire Tour S, sold to fleet operators, saw a price jump of ₹3000. Compact SUV Fronx saw its price go up by ₹2,500.

“Due to rising input costs, operational expenses, regulatory changes and feature additions, the Company has planned to increase car prices starting on 8 April, 2025. While the Company is committed to optimise costs and reduce the impact on its customers, the Company is constrained to pass on some of the increased expenses to the market,” India’s largest carmaker had said in a statement.