Maruti Suzuki lifts FY31 capex plan to ₹77,500 crore for products, capacity and retail infrastructure
Maruti Suzuki India plans to invest around ₹77,500 crore through FY31 across manufacturing capacity, new products, R&D, sales infrastructure, logistics and decarbonisation. The automaker targets seven new vehicles and 10 SUVs over five years, alongside a major expansion in solar power capacity.
What happened
Maruti Suzuki India · Maruti Suzuki will invest ₹77,500 crore through FY31 in capacity, products, R&D, sales infrastructure, logistics and decarbonisation. It
Key facts
- ₹77,500 crore planned capex from FY26-27 to FY30-31
- ₹14,000 crore FY26-27 capex, up 40% from around ₹10,000 crore
- Seven new vehicles planned
- 10 new SUVs planned over five years
- In-house solar capacity targeted at 211.3 MW by FY30-31 from 79.1 MW in FY25-26
- Solar capacity expected to cover nearly 35% of electricity requirements
Why this matters
Maruti’s broad expansion across vehicles, capacity, retail, R&D and decarbonisation creates partnership opportunities in manufacturing technology, charging, logistics, renewable energy and dealer infrastructure.
What to watch
- Quarterly capex deployment versus the ₹14,000 crore FY26-27 plan.
- Timelines and locations for new manufacturing capacity and supplier park announcements.
- Launch dates, bookings and mix contribution of the planned seven new vehicles and 10 SUVs.
- SUV market-share movement versus Hyundai, Tata Motors, Mahindra, Kia and Toyota.
- Dealer additions, service-network expansion and dealer profitability indicators.
- Localization progress for EV, hybrid, electronic and battery-related components.
- Solar-capacity commissioning, energy-cost savings and regulatory changes affecting emissions or fuel technologies.
- Prioritize SUV, hybrid and entry-level product launches that can lift realization as well as volume.
- Expand dealer formats, service bays and body-shop capacity in underpenetrated tier-2, tier-3 and rural markets.
- Seek long-term localization agreements with battery, electronics, powertrain and component suppliers to protect capacity ramp-up.
- Use solar and decarbonisation investments to reduce plant energy-cost volatility and support fleet-emissions compliance.
- Competitors are likely to increase SUV launch cadence, dealer investment and promotional activity in overlapping price bands.