MARUTI SUZUKI — INDIA'S MOBILITY STORY HAS A LONG RUNWAY 🚗

India is getting richer. More families are buying cars. And Maruti already has the scale to capture that upgrade cycle. Maruti Suzuki isn't simply India's largest carmaker. It has built an ecosystem around small cars, SUVs, CNG, hybrids, EVs, exports and a massive distribution network. And the latest numbers show the momentum. In Q1 FY27, total sales jumped 29.3% YoY, while domestic market share increased 2.3 percentage points to 41.2%. SUV sales grew 44.6%, while exports increased 28.6%. That's important because the company's product mix is changing. Small cars → SUVs → CNG → Hybrid → EV Maruti isn't betting everything on one powertrain. It's building a multi-powertrain strategy to address different customer needs across India's rapidly evolving automobile market. And exports are becoming a major second engine. FY26 exports reached a record 4.48 lakh vehicles, up more than 34% YoY, with Maruti shipping vehicles to 100+ countries. The company also began exporting the e VITARA, its first battery-electric vehicle. Now add capacity. The Hansalpur facility's fourth plant has taken the location's annual capacity to 1 million vehicles, creating additional room for domestic growth and exports. The flywheel is powerful: More capacity → More models → More sales → Higher utilisation → Better operating leverage → More cash generation. FY26 already delivered record numbers. Total sales crossed 24.22 lakh vehicles, revenue reached ₹1.74 lakh crore, and net profit hit an all-time high of ₹14,445 crore. But the next phase could be even more interesting. Maruti plans to introduce seven SUVs over the next five years, while continuing its push into EVs and cleaner powertrains. That matters because India's premiumisation story is moving consumers toward larger and more feature-rich vehicles. Higher incomes → Bigger cars → Higher realisations → Better product mix.