Maruti Suzuki Q3FY25 sales rise to 4.67 lakh units; exports jump 38%
Mumbai: India’s largest carmaker Maruti Suzuki India Limited (MSIL) reported an increase in domestic sales, reaching 4,66,993 units in the third quarter (Q3) of 2024-25, up from 4,29,422 units in the same period last year, Business Standard reported.
The company’s exports also saw a significant 38.2% year-on-year (YoY) rise, totalling 99,220 units in Q3 FY25.
Maruti Suzuki India Limited (MSIL) stated that its total income surged 15.4% YoY to Rs 39,822 crore, while total expenses climbed 15.6% to Rs 35,163.1 crore.
The company also announced that its board has extended the tenure of Managing Director and CEO Hisashi Takeuchi until March 31, 2028.
Takeuchi, who joined MSIL in April 2021 as Joint Managing Director (Commercial), has been serving as MD & CEO since April 2022.
Suzuki Motor Corporation, the Japanese parent company, holds a 58.28% stake in MSIL.
At the Bharat Mobility Global Expo on January 17, MSIL unveiled its first electric car, the e-Vitara, with plans to become India’s largest electric vehicle manufacturer within a year, Takeuchi told reporters.
He also stated that the e-Vitara would first be exported to select key markets before its launch in India.
“e-Vitara’s production is for the world. A lot of countries are waiting for this product. We need to give priority to them before launching this car in India,” he noted.
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