Maruti to Invest ₹77,500 Cr; Capacity to 3.65 Mn

India has announced plans to invest ₹77,500 crore by FY31 as it scales up production capacity to 3.65 million cars annually. The capital expenditure will be directed towards capacity expansion, new model development, research and development, plant maintenance, marketing and sales infrastructure, carbon-reduction measures and logistics. For FY27 alone, the company has budgeted ₹14,000 crore, a 40% jump from the previous year. The expansion is being driven by a strong recovery in the small-car segment and rising export demand. Maruti continues to hold a dominant share in the entry-level passenger vehicle market and is positioning itself to meet higher domestic and international volumes over the medium term. The roadmap underscores the company’s confidence in sustained demand growth and its commitment to strengthening manufacturing capabilities across existing and upcoming facilities. **Top stocks in the passenger vehicles industry:** Tata Motors, Mahindra & Mahindra, and Hyundai Motor India.