Maruti Suzuki September Sales At 189,665 Units, Exports Jump 52% To Record 42,204

Maruti Suzuki reported total sales of 189,665 units in September 2025, up 2.7% year-on-year. The tally included 135,711 domestic sales, 11,750 units supplied to other OEMs and exports of 42,204 units. Exports reached a monthly record and helped lift overall volumes. Domestic sales fell 6.3% from the prior year.

Export Growth Sets Record

Exports rose 52% year-on-year from 27,728 units in September 2024 to 42,204 units in September 2025. Rahul Bharti, Senior Executive Officer, Corporate Affairs, told CNBC TV18: “We are now exporting in a single quarter what we used to export in an entire year just four years ago.” Overseas shipments in H1 FY26 exceeded 2.1 lakh units, underscoring the company’s widening global reach. Export demand was decisive in the monthly volume mix.

Strong Production Performance

Total production climbed 26% year-on-year to 2.01 lakh units in September 2025, up from 1.59 lakh units a year earlier. Passenger vehicle output rose 27% to 1.98 lakh units, signalling improved factory throughput. Management said higher production ensured availability for domestic dealers and export consignments. The uplift in output helped the company meet festive orders and ease supply constraints.

Festive Season Demand And Bookings

Maruti recorded 165,000 deliveries in the first eight days of Navratri, its strongest festival start in 35 years, reflecting improved consumer sentiment. The company also received around 80,000 enquiries on a single day in late September, showing strong retail interest. Following price cuts on 18 September, Maruti logged about 75,000 bookings in under two weeks. Daily bookings rose nearly 50% to around 15,000 units, with demand particularly strong for small cars.

Share Price Performance

Shares of Maruti Suzuki closed 0.37% lower at ₹15,970 on the NSE after touching an intraday high of ₹16,091. The stock’s intraday movement was modest despite robust operational metrics and record exports. Broader market conditions appeared to temper listing-day gains rather than company fundamentals. Investors will watch October sales and export trends for confirmation.

Market Capitalisation Milestone

Maruti Suzuki’s market capitalisation is around $57.6 billion, ranking it the eighth most valuable carmaker globally. This places the company ahead of Ford, General Motors and Volkswagen by market value. The valuation reflects investor recognition of scale, export traction and earnings resilience. Global ranking underlines Maruti’s expanding role in international markets.

Conclusion

Maruti Suzuki’s September performance combined record exports with strong production to deliver modest overall growth. Domestic sales softened, but festive bookings and price adjustments have lifted demand momentum. Export strength and rising EV shipments underscore growing global opportunities for the company. With manufacturing momentum and solid bookings, Maruti enters H2 FY26 on firmer ground.

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