Maruti Suzuki becomes world’s eighth most valuable automaker with $57.6 billion market cap

Mumbai: Maruti Suzuki India reached a market valuation of $57.6 billion (₹5.10 lakh crore), establishing itself as the world’s eighth most valuable automobile company, according to a report.

The country’s largest carmaker surpassed established giants including Ford Motor, General Motors and Volkswagen to achieve this milestone. Furthermore, Maruti India exceeded the market valuation of its Japanese parent company Suzuki Motor, which stands at ₹2.57 lakh crore. Tesla maintained its position as the global leader in automotive industry valuation at $1.47 trillion (₹130.38 lakh crore).

Maruti Suzuki commands over 60 per cent market share in India’s small car segment. The company benefited significantly from recently implemented GST reforms that took effect on September 22, which reduced taxes on small cars and made Maruti vehicles more affordable. Consequently, the company reduced prices across multiple models by up to ₹1.30 lakh.