Maruti Suzuki Outpaces Industry As Small Cars Rebound | Commands 46% Of India Car Exports

Maruti Suzuki grew 22% in Q3, beating industry growth of 20.5%, driven by a 24.5% surge in small cars after GST reforms. Net sales touched ₹47,500 crore, with margins improving after adjusting for a one-time labour code provision. The company now accounts for 46% of India’s car exports. Management says first-time buyers are returning, expects near-term demand to stabilise, and pegs sustainable growth at around 7% annually.