Copyright © HT Digital Streams Limit all rights reserved. Ayaan Kartik 3 min read 31 Jul 2025, 08:15 IST Maruti Suzuki Arena Showroom in Noida in Uttar Pradesh, photographed by Ramesh Pathania Summary Revenue, even as sales in the domestic market struggled, with the first three months of total domestic sales from 5% to 430.89. Growth was largely due to the sales of SUVs such as Grand Vitara, Fronx, Jimny and Brezza. Maruti Suzuki saw its consolidated turnover in the June term with 10% growth based on the growing sales of more expensive sports utility vehicles (SUVs), but higher input prices weighed the profitability of the business, which barely grew compared to last year. India’s largest car manufacturer recorded a 1% growth in profit to £ 3.792 crore and 10% in consolidated turnover to £ 40,493 crore during the first three months of FY26. Profitability was withheld by a decrease of 200 basis points in operating profit margins due to an increase in commodity inflation and employee costs. The turnover has grown, even as sales in the domestic market struggled, with the first three months that Maruti’s total domestic sales dropped by 5% to 430.889. The growth was largely due to the sale of SUVs such as Grand Vitara, Fronx, Jimny and Brezza. The SUV revolution increasing the sales of such cars increased the average selling price (ASP) of Maruti’s portfolio to over £ 7.27 Lakh, by 7% higher than a year ago. “The mix of models with higher SUV sales led to the increase in ASP,” Rahul Bharti, senior executive -corporate matters at Maruti Suzuki, said during the earnings call on Thursday. Maruti’s results reflect the trend in numbers placed by Hyundai Motor India Ltd and Mahindra and Mahindra Ltd, which also emphasizes the importance of SUVs. While Hyundai saw a 8% drop in profits to £ 1,369 crore, Mahindra saw 24% in the profit up to £ 4,376 crore, as the All-SUV portfolio continued to find traction. Management also attributed the growth in the upper and lower lines to strong export growth. The exports grew by 37% during the quarter to 96,972 units, and the company expects them to increase even further with the launch of Grand Evitara in September. It expects to sell about 70,000 of it in FY26, and coordinates its distribution networks to supply 100 countries. The hope of a better second half in the domestic market, management said he was looking forward to a better second half due to the festive season and the expectations of a good monsoon. Bharti told investors and analysts that rural markets are doing better than urban areas so far. “The inventory situation is under control. We managed the levels. We have 33 days of stock on our network,” Bharti said. In the coming quarters, the company will focus more on SUVs with two new launches planned for this year. The Grand Evitara is expected to hit the domestic market in September. Bharti launched analysts in the future during the call. Analysts said the growth in exports and the model mixture that tilts to SUVs helps Maruti manage its top and bottom line growth. “The demand for festive season will be something to look at. We will have to see how the question is developing, but Maruti looks good to achieve SUVs sales, although they have recently lost the market share,” says Saji John, senior research analyst at Geojit Financial Services. “Inventory levels will be the key and observable, and the question is soft.” However, rare nature problems have blurred China’s restrictions on rare earth magnets the prospects for all car manufacturers, with Maruti chairman, RC Bhargava, publicly said that the company only has shares until July. “This is a challenge … We do not see much impact as we drive the situation. The consumption is higher EVs than in ICE vehicles, but it is used in total,” Bharti said, responding to a question about the impact of limiting the rare earth. Both Mahindra and Hyundai also said that the situation for now is manageable, with no immediate impact on production, without specifying which alternative sources of magnets are being investigated. Maruti, who released its results after market hours on Thursday, increased its share price by more than 11% in 2025 compared to a 2% increase in the Nifty Auto Index. Catch all the corporate news and updates on live currency. Download the Mint News app to get daily market updates and live business news. More Topics #Maruti Suzuki #Anings Read Next Story
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