HomeBusinessMaruti Suzuki India Crosses 25 Lakh Units Milestone Of Cumulative Exports

Maruti Suzuki India Crosses 25 Lakh Units Milestone Of Cumulative Exports

Indian automaker Maruti Suzuki India on Wednesday said it has crossed the 25 lakh units milestone of cumulative exports since starting overseas shipments in 1986-87. The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, Asia, and the Middle East.

Maruti Suzuki Baleno, shipped from Gujarat’s Mundra Port to Latin America, is the 2.5 millionth landmark vehicle that was exported, the company said in a statement.

“The landmark export of 2.5 million vehicles stands as a testimony to India’s manufacturing prowess. This feat demonstrates Maruti Suzuki’s resolute commitment to the Government of India’s flagship Make-in-India initiative, and furthering the government’s efforts to enhance vehicle exports,” Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi said.

Maruti Suzuki’s first big consignment of 500 cars was shipped to Hungary in September 1987. “Maruti Suzuki started exports way back in FY86-87. Since then, our vehicles have earned acceptance and appreciation of global customers for their high quality, superior technology, reliability, performance, and affordability. Today, Maruti Suzuki stands strong as the number one exporter of passenger vehicles from India,” Takeuchi said. 

In Januray, the automaker hiked prices of its vehicles across models by about 1.1 per cent. This was the second price hike that the carmaker is undertaking in the ongoing fiscal year, after increasing it in April 2022.

In December last year, the company had said it would hike prices of its vehicles to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which will kick in from April 2023.

“An estimated weighted average of increase across models stands at around 1.1 per cent. This indicative figure is calculated using ex-showroom prices of models in Delhi and will come into effect from January 16, 2023,” Maruti Suzuki India said in a regulatory filing. The company sells a range of vehicles starting from entry-level small car Alto to SUV Grand Vitara which are priced between Rs 3.39 lakh and Rs 19.49 lakh (ex-showroom Delhi). 

Shares of Maruti Suzuki closed at Rs 8,289.35 apiece, up 1.03 per cent, on the BSE on Wednesday.

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