NSE:MARUTI management interview: Maruti Suzuki Targets 10% Growth! RC Bhargava Breaks Down Q4, FY27 Strategy & Maruti's Roadmap
ET Now, 2026-04-29. Video: https://www.youtube.com/watch?v=ZWIYiGa7QGc
- Sales growth outlook: Maruti Suzuki expects overall sales growth of around 10% for the year, outpacing SIAM's industry growth forecast of 5% to 7%. Rural demand is anticipated to continue growing at a slightly faster pace than urban demand.
- Production capacity expansion: The addition of one new production line each at Kharkhoda and Hansalpur will add approximately 250,000 cars to current-year production, addressing supply bottlenecks and 100% capacity utilization.
- Export volume target: Maruti expects export volumes to remain stable at around 447,000 units—matching FY26 levels—as demand in new markets and benefits from free trade agreements balance out geopolitical and logistical headwinds.
- Other income decline: The sharp drop in other income was driven by mark-to-market accounting adjustments on debt securities, which management considers a temporary one-off as the instruments will be held to maturity.