Maruti Suzuki India (MSIL) has surpassed last calendar year’s export numbers already in just 9.5 months in 2026, with the company exporting 4,15,729 units in January-October 2026, surpassing 3.95 lakh units in CY2025.
During the January-October period last year, the company exported 3,21,340 units in the passenger vehicle (PV) segment.
Similarly, during April-October period this calendar year, as per the latest data from Society of Indian Automobile Manufacturers (SIAM), MSIL’s PV shipments reached 2,80,141 units, which account for 52.3 per cent of the overall exports of the PV industry at 5,35,195 units during this period.
It is also more than two-fold increase over its nearest rival Hyundai Motor’s exports of 1,11,508 units during the period, the SIAM data indicated. The third rival in exports is Nissan Motor India, which is far behind both MSIL and HMIL in exports, with around 51,000 units so far.
“Exports is a conscious strategy of Maruti Suzuki because if our cars are successful in technology and quality demanding markets like Europe and Japan, the growing globally aware consumers in India are also likely to choose these internationally acclaimed brands. We could grow our exports despite the Middle East war as we are spread over 120 countries and fairly de-risked,” Rahul Bharti, Senior Executive Officer, Corporate Affairs, MSIL, told businessline.
Bharti informed that MSIL is number one PV exporter for the last five consecutive years. The company’s electric vehicle – eVitara is also going to around 50 countries now, and more countries would be added in the future.
Meanwhile, Tarun Garg, Managing Director and Chief Executive Officer, Hyundai Motor India (HMIl), although the percentage has come down in terms of exports, but volume wise they have grown on yearly basis.
“Overall, if you see exports used to contribute 20 per cent of our volume (total), about five years back. Last year, we ended with 24.5 per cent and the roadmap is going forward, maybe we will move closer to 30 per cent. But, frankly speaking, percentage is a numerator over denominator. I don’t mind as long as both my numerator and denominator are increasing…as long as the absolute number of exports go up, I am not perturbed what percentage it should be,” Garg said recently at an event.
He said India has a lot of advantage in exports because our economy is almost similar to the emerging markets like South Africa and West Asia, where demand for products is similar.
“Our Venue is exclusively made in India…We exported only 6,000 Venue last calendar year, and I think going forward, the potential is much more, maybe 20,000 units or even more. We are already seeing the demand from 35 countries…as more and more products come, there will be more opportunities in the future, especially with FTAs being signed with many countries,” Garg added.
Published on November 15, 2026
