Revenue distribution by sectors:

• Automotive production: approx. 90%
• Spare parts and accessories: approx. 8%
• Other services: approx. 2%

TOP 3 Markets:

1. India: approx. 70%
2. African markets: approx. 15%
3. Latin America: approx. 10%

Maruti Suzuki India Limited generates the majority of its revenue from automotive production, with the Indian market accounting for the largest share of total revenue. The company has expanded its presence in international markets such as Africa and Latin America, which together make up about 25% of the revenue. This diversification helps Maruti Suzuki hedge against market fluctuations in India.

Production sites of Maruti Suzuki India Limited:

1. Gurgaon, Haryana
2. Manesar, Haryana
3. Hansalpur, Gujarat

Maruti Suzuki India Limited mainly produces its vehicles in India. The main production facilities are located in Gurgaon and Manesar in the state of Haryana as well as in Hansalpur in the state of Gujarat. These plants are strategically positioned to efficiently serve both the domestic market and export requirements.

Electrification: Planned introduction of 6 new electric vehicle models by 2030.

Investments: $2.5 billion in research and development for sustainable technologies (2025-2030).

Market expansion: Increase in production capacity by 20% by 2027.

Maruti Suzuki India Limited is pursuing an electrification strategy to meet the growing demand for environmentally friendly vehicles. The company plans to launch six new electric vehicle models by 2030, aiming to strengthen its position in the sustainable mobility sector.

In addition, Maruti Suzuki is making significant investments in research and development to promote innovative and sustainable technologies. These investments are intended not only to expand the product range but also to improve the efficiency and environmental friendliness of the vehicles.

To meet the increasing demand, the company also plans to increase production capacity by 20% by 2027. This capacity expansion will be achieved through the expansion of existing plants and the opening of new production facilities.

Main imported raw materials: Steel, aluminum, electronic components

Countries of origin:

• Steel: Japan, South Korea
• Aluminum: China, Australia
• Electronic components: China, Taiwan

Maruti Suzuki India Limited imports a variety of raw materials and materials essential for automobile production. Steel and aluminum are the main metals required in large quantities. These are mainly sourced from Japan, South Korea, China, and Australia, as these countries have advanced production capacities and competitive prices.

In addition, electronic components are an essential part of modern vehicles. These are predominantly imported from China and Taiwan, as these countries are leading in the production of electronic components. The dependence on these imports is also due to the specialized technology and cost efficiency that these countries offer.

Market share in India: approx. 43% (2023) Revenue growth: 11% (2023) EBITDA margin: 12.5% (2023)

Maruti Suzuki India Limited holds a significant competitive advantage due to its dominant market share of around 43% in the Indian automotive market. This market share enables the company to leverage economies of scale and have a strong negotiating position with suppliers.

The company also benefits from a wide range of products, including both affordable and premium models, appealing to a broad customer base. The continuous introduction of new models and adaptation to local market needs further strengthens its market position.

Another advantage is the extensive distribution and service network that Maruti Suzuki has established in India. This facilitates access to customers and improves after-sales service, enhancing customer loyalty.

In summary, Maruti Suzuki's competitive advantage is strong, supported by market leadership, product diversity, and a robust distribution network.

Institutional Investor Share: approx. 40% (2025, estimated based on historical data)

Insider Purchases/Sales: No significant transactions in the last quarters (2025, estimated)

The institutional investor share in Maruti Suzuki India Limited traditionally stands at around 40%, indicating a strong trust from institutional investors in the company. These investors include both domestic and international funds interested in the company's long-term performance.

Regarding insider purchases and sales, there have been no significant transactions in the last quarters, suggesting that the management and other insiders are currently not seeking significant changes in their holdings. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Maruti Suzuki India Limited: approx. 42% (2025, estimated)

Top competitors and their market shares:

1. Hyundai Motor India: approx. 17%
2. Tata Motors: approx. 14%
3. Mahindra & Mahindra: approx. 8%
4. Kia Motors India: approx. 7%
5. Toyota Kirloskar Motor: approx. 5%
6. Honda Cars India: approx. 4%
7. Renault India: approx. 3%

Moat of Maruti Suzuki:

Maruti Suzuki has a significant moat in the form of a strong distribution and service network, a wide range of products, and strong brand recognition in India. The company benefits from high customer loyalty and a good price-performance ratio, making it particularly attractive in the small car and mid-size segments.

Compared to competitors, Maruti Suzuki has the advantage of an established distribution network and high production capacity, allowing the company to quickly respond to market changes. However, Hyundai and Tata Motors are strong competitors that are also gaining significant market share through innovative models and technological advances.

Maruti Suzuki's moat is strong, but the competition is catching up, especially through investments in electric vehicles and new technologies that could further change the market in the coming years.

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) Market Share in India: 43% (2024)

Maruti Suzuki India Limited recorded a revenue growth of 10% in 2024, attributed to strong demand for their vehicles and an effective sales strategy. The company also achieved a profit growth of 8%, indicating cost efficiency and improved production processes.

With a market share of 43%, Maruti Suzuki remains the dominant player in the Indian automotive market. This position allows the company to benefit from the growing demand for vehicles in India, especially in a recovering economic environment.

Furthermore, Maruti Suzuki is investing in the development of electric vehicles and other sustainable technologies, which could have long-term positive effects on market positioning and growth potential.

Overall, the strong market position, continuous growth, and strategic focus on future trends suggest that Maruti Suzuki could be a promising investment. However, investors should also consider macroeconomic factors and potential risks in the Indian market environment.

Dividend yield: 1.2% (estimated for 2025)
Dividend history: Continuous payout over the last 5 years

Maruti Suzuki India Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The current dividend yield is estimated at 1.2%, which is moderate compared to other companies in the automotive industry.

The continuous payout over the past years shows that the company aims to provide its shareholders with a consistent value. This indicates a stable financial position and a sustainable business model. Analysts believe that Maruti Suzuki will also be able to pay dividends in the coming years, provided there are no significant economic or industry-specific challenges.