Maruti Suzuki plans to invest ₹14,000 crore in FY27 and ₹77,500 crore through FY31, linking higher capital expenditure to a 40 lakh-unit capacity roadmap, new models, flexible powertrains and lower-carbon manufacturing initiatives.
Maruti Suzuki India Ltd has increased its planned capital expenditure for FY27 by 40% to ₹14,000 crore, compared with around ₹10,000 crore in FY26. The passenger-vehicle maker also outlined cumulative investment of ₹77,500 crore from FY27 through FY31.
Managing Director and CEO Hisashi Takeuchi disclosed the investment plan at Maruti Suzuki’s 45th Annual General Meeting on 31 August 2026. The spending is intended for manufacturing capacity, product development, research and development, plant maintenance, sales and marketing infrastructure, logistics and carbon-neutrality measures.
The announcement is a forward-looking capital-allocation plan, rather than a completed investment or an immediate increase in production. It sets out how Maruti Suzuki intends to expand its manufacturing footprint and prepare for a wider mix of passenger-vehicle technologies over the next five years.
₹77,500 crore plan tied to 40 lakh-unit capacity target
Maruti Suzuki said its annual installed production capacity has reached 29 lakh units after commissioning its fourth plant at Hansalpur in Gujarat and its second plant at Kharkhoda in Haryana.
The company’s roadmap is to lift this capacity to 40 lakh units annually by FY31. The plan includes two additional plants at Kharkhoda and three plants at the upcoming Sanand facility in Gujarat. Each of the planned new plants is expected to have an annual production capacity of 2.5 lakh units.
| Capacity and capex metric | Detail |
| FY27 planned capex | ₹14,000 crore |
| FY26 capex base | Around ₹10,000 crore |
| FY27 capex increase | 40% |
| Cumulative FY27–FY31 capex | ₹77,500 crore |
| Current annual installed capacity | 29 lakh units |
| FY31 annual capacity roadmap | 40 lakh units |
| Additional Kharkhoda plants | 2 |
| Planned Sanand plants | 3 |
| Capacity per planned new plant | 2.5 lakh units annually |
The company currently has annual installed capacity of 10 lakh units at Hansalpur, 9 lakh units at Manesar, and 5 lakh units each at Kharkhoda and Gurugram.
The investment programme is therefore not limited to a single new factory. It combines expansion across existing and upcoming manufacturing locations with spending on product pipelines, technology and supporting operational infrastructure.
New plants are planned for multiple fuel technologies
Maruti Suzuki said its future plants are being designed to manufacture electric vehicles, strong hybrids, CNG vehicles and internal-combustion-engine vehicles on the same production line.
The flexible-line approach is central to the company’s FY31 strategy. Instead of dedicating an entire facility to one powertrain, Maruti Suzuki plans manufacturing systems that can support a changing mix of vehicle technologies as demand develops.
Management expects electric vehicles to account for 15% of Maruti Suzuki’s domestic passenger-vehicle volumes by FY31. Strong hybrids are expected to make up 25%, CNG vehicles 35%, and gasoline vehicles using biofuel blends 25%.
These figures are management expectations, not current sales outcomes or guaranteed future market shares. They show how the company is planning for a multi-powertrain market rather than relying on one technology alone.
Product development, R&D and seven SUVs
The capex plan covers new-model development and research and development in addition to factory expansion. Maruti Suzuki has said it plans to introduce seven SUVs over the next five years.
The statement places SUVs within a wider product-development strategy, but it does not provide a detailed launch schedule, names of future models or confirmed production volumes. Those elements should not be assumed from the seven-SUV target.
The planned spending also includes plant maintenance, logistics, sales and marketing infrastructure. This suggests the ₹77,500 crore allocation is intended to support the broader vehicle-development and distribution cycle, rather than being confined only to adding assembly capacity.
For the Indian auto sector, Maruti Suzuki’s investment programme is relevant because a larger production base and new-model pipeline can affect demand across equipment, components, logistics and manufacturing services. However, no supplier contracts, order values or specific vendor beneficiaries were confirmed in the available information.
Solar and biomass form part of the expansion plan
Maruti Suzuki is also combining manufacturing growth with energy-related initiatives. The company plans to raise its in-house solar-power capacity from 79.1 MW in FY26 to 211.3 MW by FY31.
According to the company’s plan, the increased solar capacity could meet about 35% of its electricity requirements. It also plans biomass plants at Manesar, Kharkhoda and the upcoming Sanand facility.
These projects form part of the carbon-neutrality component of the wider capex programme. The targets should be understood as planned initiatives, not as current renewable-energy capacity or completed reductions in emissions.
Takeuchi also said Maruti Suzuki’s ongoing products are E20-compatible, while vehicles produced from 2008 onwards are compatible with E20 fuel. This adds a fuel-transition element to the company’s broader strategy across EVs, hybrids, CNG and conventional vehicles using biofuel blends.
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What the announcement establishes—and what it does not
The AGM announcement establishes a planned ₹14,000 crore FY27 capex outlay and a ₹77,500 crore investment programme through FY31. It also gives investors a roadmap for capacity expansion from 29 lakh units to 40 lakh units, alongside product, technology and energy-efficiency goals.
It does not establish future earnings, margins, market share, production utilisation or Maruti Suzuki’s share-price performance. The company’s capacity, seven-SUV plan, powertrain mix and solar targets remain subject to execution over the stated period.
Investors monitoring Maruti Suzuki can use an online trading platform to follow official BSE and NSE prices and future company disclosures on implementation milestones. Maruti Suzuki shares are held through a demat account; investors can open demat account online with a registered intermediary to access listed securities.
The key milestones to track will be future updates on the planned Kharkhoda and Sanand plants, the pace of capex deployment, new-model introductions, capacity additions and the company’s stated progress on solar and biomass projects.
