Maruti Suzuki ₹77,500 Crore Investment Plan Through FY2031

Maruti Suzuki Sets Out ₹77,500 Crore Five-Year Investment Program

Maruti Suzuki India plans to invest ₹77,500 crore over five years from FY2026-27 through FY2030-31 as it expands manufacturing capacity, develops new models and strengthens research and development capabilities. Managing Director and CEO Hisashi Takeuchi disclosed the planned expenditure while responding to a shareholder query at the company’s 45th annual general meeting. The program will cover capacity expansion, new-model development, R&D, plant maintenance, marketing and sales infrastructure, carbon-reduction measures and logistics, supporting the automaker’s broader growth and technology priorities.

FY2026-27 Capex to Increase 40%

For FY2026-27, Maruti Suzuki India has planned capital expenditure of ₹14,000 crore, representing a 40% increase from the ₹10,000 crore invested during FY2025-26. The higher annual allocation comes as the carmaker prepares to increase manufacturing capacity, broaden its product portfolio and support further growth in domestic sales and exports. The planned spending reflects a significant investment cycle designed to provide resources for production expansion, product development and technology programs as the company responds to changing market requirements.

Capacity Expansion and Multi-Powertrain Strategy

Capacity expansion is expected to remain a central component of the investment program, alongside expenditure on new products and technology. Maruti Suzuki India is pursuing a multi-powertrain strategy covering CNG, hybrids, electric vehicles and internal-combustion engines as customer preferences and emission requirements evolve. This approach allows the automaker to allocate investment across multiple propulsion technologies rather than relying on a single powertrain pathway. The broader program is therefore intended to support manufacturing growth while developing products aligned with changing demand and regulatory expectations.

Investment Areas Extend Across Operations and Exports

Beyond manufacturing and product development, the five-year spending program includes investments in research and development, plant maintenance, marketing, sales infrastructure, logistics and carbon reduction. Marketing and sales infrastructure are expected to support expansion of the domestic network, while logistics spending will help accommodate the company’s growing export operations. Carbon-reduction investment will focus on efforts to lower emissions across products and manufacturing activities. Together, these areas broaden the scope of the investment cycle beyond factory capacity, linking capital allocation to technology development, commercial expansion and operational sustainability.

₹77,500 Crore Program Implies Higher Spending After FY27

The total ₹77,500 crore program represents an average annual investment of ₹15,500 crore over five years. With ₹14,000 crore allocated for FY2026-27, the remaining ₹63,500 crore would imply average annual spending of nearly ₹15,900 crore across the following four years. This calculation indicates that annual investment could increase after FY27 as major capacity, product and technology programs progress toward FY2030-31. The planned allocation therefore points to a sustained investment cycle rather than a single-year increase, with capital deployment expected to remain substantial throughout the five-year period.

Frequently Asked Questions

How much does Maruti Suzuki plan to invest through FY2030-31?
The company plans to invest ₹77,500 crore from FY2026-27 through FY2030-31 across capacity expansion, new-model development, R&D, plant maintenance, marketing, sales infrastructure, carbon reduction and logistics. For FY2026-27, planned capital expenditure is ₹14,000 crore, which is 40% higher than the ₹10,000 crore invested in FY2025-26. The remaining ₹63,500 crore would be spread across the subsequent four years, implying average annual spending of nearly ₹15,900 crore during that period as the company advances its manufacturing, product and technology programs.