Maruti Suzuki India, a key player in the Indian automotive sector, has achieved remarkable growth, overtaking global titans such as Ford, General Motors, and Volkswagen in terms of market value. With a valuation of $57.6 billion, it now ranks as the 8th most valuable carmaker worldwide, even surpassing its parent company, Suzuki Motor Corporation.
Maruti Suzuki has recently surpassed global car manufacturers like Ford ($46.3 billion), General Motors ($57.1 billion), and Volkswagen AG ($55.7 billion) to achieve an impressive market capitalisation of $57.6 billion. This surge in value places it above these renowned names and highlights its strong presence in the automotive industry, particularly in India.
Interestingly, the company’s market cap has now eclipsed that of its Japanese parent, Suzuki, whose valuation stands at just $29 billion. Despite the dominance of electric vehicles (EVs) in global markets, Maruti’s consistent performance in the small car segment has helped drive this valuation growth.
While Tesla ($1.47 trillion) continues to dominate the automotive space, Maruti Suzuki’s valuation places it just below Honda Motor ($59 billion) and above Ford Motor. This marks a significant achievement for the Indian carmaker, which competes against some of the world’s largest automobile manufacturers. Toyota ($314 billion), BYD ($133 billion), and BMW ($61.3 billion) complete the top ranks of the global automotive market.
Maruti’s growth is closely tied to India’s next-generation Goods and Services Tax (GST) reforms, which have benefited small car manufacturers. With GST reductions leading to price cuts of up to ₹1,30,000 across various models, Maruti has seen a surge in sales. Its small car segment, which constitutes over 60% of its sales, has benefited most from these changes, driving record bookings and boosting its earnings outlook.
Post-GST implementation, Maruti has been receiving 15,000 bookings daily, further reflecting the positive impact of these reforms. The company also recorded the delivery of 30,000 cars on the first day of Navratri, highlighting strong demand for its vehicles.
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Since the announcement of the GST reforms in August 2025, Maruti’s stock has risen by 25%, outperforming the Nifty Auto Index. This surge has further solidified its position as a top-performing stock in the automotive sector, with its price climbing from ₹12,936 on August 14, 2025, to ₹16,236 on September 25, 2025.
Maruti Suzuki's leap into the top ranks of global carmakers with a $57 billion valuation marks a significant achievement for the Indian automotive giant. Thanks to strategic moves, including the capitalisation on GST reforms, Maruti has positioned itself well in the competitive global automotive market.
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Published on: Sep 26, 2025, 3:18 PM IST
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