Maruti Suzuki India beats General Motors in market-cap race, nears ₹5 lakh cr valuation

India’s homegrown auto major, Maruti Suzuki India , has shifted gears into the global big league. The country’s most valued carmaker has overtaken U.S. auto giant General Motors in market capitalisation, claiming a coveted spot among the world’s top 10 most valuable automobile companies.

As of today, Maruti’s market cap stands at ₹4.99 lakh crore, edging past General Motors’ ₹4.90 lakh crore. The Maruti share price surged as much as 1.1% to hit a fresh record high of ₹15,974.75 on the BSE, driven by sustained rally. The auto heavyweight has gained nearly 5% in three days, in line with other listed peers, on hopes of GST reform measures.

This milestone puts Maruti at the 9th spot globally, just behind Mercedes-Benz (₹5.09 lakh crore) and ahead of General Motors. However, in terms of revenue, General Motors' net sales are nearly 10 times higher than those of Maruti Suzuki India.

Mahindra & Mahindra , the country’s second most valued auto stock, also made to the elite group, holding the 11th position with a market cap of ₹4.51 lakh crore, giving India not one but two auto majors in the global top 15 ranking.

Meanwhile, Elon Musk’s Tesla continues to dominate the leaderboard with a staggering ₹120.46 lakh crore m-cap, far ahead of second-placed Toyota at ₹23.03 lakh crore. China’s electric vehicle majors Xiaomi (₹16.81 lakh crore) and BYD (₹12.29 lakh crore) hold the third and fourth ranks, respectively.

Maruti shares rally nearly 50% YTD

Shares of Maruti Suzuki India has seen strong rally in the calendar year 2025, with its stock price rebounding nearly 50% from its 52-week low of ₹10,725 touched on December 24, 2024, to fresh all-time high of ₹15,974.75 today. The auto major has delivered 30% return in the past one year, 36% in six months, and 13% in the past one month.

For the April-June quarter of FY26, Maruti Suzuki posted a robust 46.9% year-on-year jump in net profit to ₹3,649 crore, up from ₹2,485 crore in the same period last year. The strong performance was driven by cost optimization measures, favorable commodity prices, and foreign exchange gains. Revenue from operations climbed 9.9% to ₹33,875 crore, compared with ₹32,327 crore in Q1 FY25.

India’s largest carmaker by volume sold a total of 521,868 vehicles during the quarter, marking a 4.8% increase over the same period last year. Domestic sales stood at 451,308 units, up 3.8% year-on-year, while exports rose 11.6% to 70,560 units, reflecting strong demand in overseas markets.

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