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Maruti Suzuki Overtakes Volkswagen and Ford, Joins Worldโ€™s Top 10 Carmakers by Market Value

Maruti Suzuki Overtakes Volkswagen
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Indiaโ€™s automotive giant, Maruti Suzuki, has soared into the global top 10 carmakers by market capitalization, outpacing renowned brands from North America and Europe. The Indo-Japanese automaker, celebrated for its compact cars, has eclipsed Volkswagen and Ford to claim the ninth spot worldwide.

As of September 29, 2025, Maruti Suzukiโ€™s market valuation stands at an impressive 5.03 trillion rupees, equivalent to approximately $56.7 billion. This figure surpasses Fordโ€™s $47.7 billion and Volkswagenโ€™s โ‚ฌ46.2 billion ($54.3 billion), cementing Maruti Suzukiโ€™s position as a global powerhouse. Notably, it also outshines its parent company, Suzuki Motor Corporation, which holds a 58.19% stake and is valued at 4.26 trillion yen ($28.7 billion), ranking 17th globally.

Boost from Reduced GST and Festive Demand

Maruti Suzukiโ€™s dominance in the sub-4-meter car segment, particularly those powered by 1.2-liter or smaller petrol engines, has been a key driver of its success. The Indian governmentโ€™s recent decision to slash the Goods and Services Tax (GST) on this category from 29% to 18% has given the company a significant edge. On September 22, 2025, the first day of the new GST rates, Maruti Suzuki reported an overwhelming 80,000 customer inquiries and delivered over 25,000 vehicles, according to Partho Banerjee, Senior Executive Officer for Marketing and Sales. The timing couldnโ€™t be better, with the festive season of Navratri boosting demand and Diwali on the horizon, setting the stage for robust year-end growth.

Future-Ready with Hybrids and SUVs

Looking ahead, Maruti Suzuki is gearing up to launch a range of series-hybrid sub-4-meter cars starting in 2026. Powered by 1.2-liter engines, these models are expected to achieve an exceptional fuel efficiency of up to 35 km/l, reinforcing the companyโ€™s leadership in the small car market. At the same time, Maruti Suzuki is aggressively expanding its SUV portfolio. This month, it introduced the Victoris, a strong contender against Hyundaiโ€™s Creta, marking its fifth SUV offering. By year-end, the company is poised to unveil the e-Vitara, its first-ever electric SUV, signaling its commitment to sustainable mobility.

Also Read – Hyundai Bold New Electric Vehicle Strategy for India and Beyond

Investor Confidence Soars

Investors are clearly optimistic about Maruti Suzukiโ€™s trajectory. On September 26, 2025, the companyโ€™s shares hit a 52-week high, soaring from 10,725 rupees to 16,435 rupeesโ€”a remarkable 53.2% surge. This growth outpaced the Nifty Auto index, which rose by 43.5% in the same period, reflecting strong market confidence in Maruti Suzukiโ€™s strategic moves and future potential.

With its blend of innovative products, favorable market conditions, and a bold vision for the future, Maruti Suzuki is not just leading Indiaโ€™s automotive industry but also making waves on the global stage.

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