Maruti overtakes Ford, GM, Volkswagen to become 8th most-valuable carmaker
What's the story
Maruti Suzuki has achieved a major milestone in the global automotive industry by becoming the eighth most valuable carmaker in the world. The Indian automaker's market capitalization now stands at approximately $57.6 billion, surpassing industry giants like Ford, General Motors (GM), and Volkswagen. Maruti's valuation also exceeds that of its parent company, Japan's Suzuki Motor Corporation, which has a market cap of around $29 billion.
Market position
Ranking of top 10 most valuable automakers
In the global automotive rankings, Maruti Suzuki now ranks just below Honda Motor, which has a valuation of $59 billion. The list is topped by Tesla with a market cap of $1.47 trillion, followed by Toyota at $314 billion and China's BYD at $133 billion. Ferrari comes in fourth with a valuation of $92.7 billion, while BMW and Mercedes-Benz are fifth and sixth with valuations of $61.3 billion and $59.8 billion, respectively.
Growth strategy
Maruti Suzuki's rise in global rankings
Maruti Suzuki's rise in the global rankings is attributed to its strategic focus on the small car segment, which accounts for over 60% of its total sales volume. The company's affordable and fuel-efficient models have continued to attract Indian buyers, boosting investor confidence. Further, recent GST reforms have improved investor sentiment and supported Maruti's market performance.
Sales surge
Maruti Suzuki records strong sales momentum since Navratri began
Maruti Suzuki's strong market position is also reflected in its recent sales momentum. The company has sold 75,000 cars since festive season began, a senior company official told PTI. The launch of the GST reforms has further contributed to this growth. Customer activity has surged significantly in recent weeks with daily inquiries hitting nearly 80,000—almost double the usual numbers—resulting in longer waiting times for certain small car models.