Maruti Suzuki next million sales milestone accelerates with seven SUVs

Maruti Suzuki is moving towards its next growth phase after recording strong performance in FY26, with its next million sales milestone now appearing closer than previously expected. Managing Director and CEO Hisashi Takeuchi said the momentum generated during the financial year has positioned the carmaker at an important inflection point, with several growth drivers advancing simultaneously. In his message to shareholders in the company’s FY26 annual report, Takeuchi said the journey towards the next million sales milestone appeared significantly faster than anticipated. The company is now preparing a broader SUV offensive while increasing manufacturing capacity to support medium-term expansion.
Maruti Suzuki India recorded 2.42 million vehicle sales in FY26, including 447,774 units in overseas markets. Annual production remained above two million units for the second consecutive year, while domestic sales reached a record level. The company plans to introduce seven SUVs during the next five years, targeting stronger participation in the growing SUV segment. Its SUV portfolio was further expanded during FY2026 with the introduction of the Victoris and e Vitara, with the e Vitara also representing Maruti Suzuki’s entry into the battery electric vehicle market.
FY26 sales and production milestones

Metric	FY26 / Planned Position
Total vehicle sales	2.42 million units
Overseas sales	447,774 units
Installed capacity by FY27	2.9 million units
Installed capacity by FY31	3.65 million units
Planned SUV launches	Seven over five years

The planned product expansion is being supported by additional manufacturing capacity. Chairman RC Bhargava said installed capacity is expected to reach 2.9 million units by the end of FY27 and 3.65 million units by the end of FY31. The company is therefore aligning product expansion with production capability as it targets sustained volume growth. Takeuchi also highlighted changing customer expectations, noting that vehicle buyers are increasingly looking beyond basic mobility towards safety, comfort, convenience and connectivity. The combination of a broader SUV portfolio, battery-electric entry and expanded manufacturing infrastructure is intended to strengthen the company’s ability to pursue its next phase of growth in India and overseas markets.

Frequently Asked Questions

What is driving Maruti Suzuki’s next million sales milestone?
Maruti Suzuki’s next million sales milestone is being supported by strong FY26 performance, seven planned SUVs, expanded manufacturing capacity and broader customer-focused product development. The company sold 2.42 million vehicles in FY26, including 447,774 overseas units, while annual production exceeded two million units for the second consecutive year. Its SUV expansion includes the Victoris and e Vitara, with the latter marking its entry into battery electric vehicles. Additional capacity is planned to reach 2.9 million units by FY27 and 3.65 million units by FY31, supporting the company’s medium-term growth ambitions.

How is Maruti Suzuki expanding its SUV portfolio?
Maruti Suzuki plans to introduce seven SUVs over the next five years as it seeks to strengthen its position in the SUV segment. During FY2026, the company expanded its portfolio with the Victoris and e Vitara, adding new products while also entering the battery electric vehicle market. The SUV rollout is being combined with higher manufacturing capacity, allowing the company to support additional volumes as demand evolves. Management has also identified safety, comfort, convenience and connectivity as increasingly important customer expectations, influencing the company’s broader product expansion strategy.