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Maruti Suzuki Becomes World’s 9th Most Valued Carmaker; Overtakes Ford & Volkswagen
Maruti Suzuki, India's largest car manufacturer by volume, is riding a wave of success like never before. The company's fortunes have surged following the implementation of the GST 2.0 reforms on September 22nd, which have significantly boosted its sales and market performance.
Adding to its celebrations, Maruti Suzuki has now achieved a remarkable global feat - becoming the 9th most valued car manufacturer in the world, marking the first time an Indian carmaker has entered this elite club.
A New Benchmark
For the first time in history, an Indian automaker has joined the top ten carmakers globally by market valuation. Maruti Suzuki, the Indian subsidiary of Japan's Suzuki Motor Corporation, now stands shoulder to shoulder with international automotive giants.
At the end of September 2025, Maruti Suzuki's market capitalization touched ₹5.03 trillion (Rs 5,03,044.12 crore), which translates to around USD 56.7 billion. This valuation places it ahead of global heavyweights like Volkswagen AG (USD 54.3 billion) and Ford Motor Company (USD 47.7 billion).
Interestingly, while Suzuki Motor Corporation holds a 58.19% stake in its Indian arm, its own market valuation stands at USD 28.7 billion, ranking it 17th among global carmakers. In contrast, Maruti Suzuki's position at 9th place highlights how the Indian subsidiary has outgrown its parent company in both influence and market strength.
Share Market Surge
Maruti Suzuki's soaring market value is reflected in its stock performance. On September 26, 2025, the company's share price climbed from ₹10,725 to ₹16,435, marking an extraordinary 53.2% growth - the highest in a 52-week period. This growth even outpaced the Nifty Auto Index, which rose by 43.5% during the same time.
Such strong investor confidence is driven by the company's consistent financial performance, strategic product planning, and favorable government policies. Analysts believe that Maruti's agility in adapting to regulatory and market changes has played a key role in its impressive growth trajectory.
GST 2.0
The GST 2.0 reforms have played a pivotal role in propelling Maruti Suzuki's growth. Under the new tax structure, B-segment vehicles - which constitute a major portion of Maruti's portfolio - are now taxed at 17%, down from the earlier 28%.
This substantial reduction has directly benefited customers, as Maruti Suzuki has passed on the full tax savings through price cuts. The move has revitalized sales across segments, particularly hatchbacks and compact SUVs, allowing the company to attract a broader customer base and strengthen its market position.
Strong SUV Lineup
Maruti Suzuki isn't stopping at its current success. The company has set its sights on achieving a 50% market share by expanding its product portfolio, especially in the fast-growing SUV category. The recently launched Victoris SUV is a testament to this ambition.
The Victoris lineup caters to diverse customer needs with multiple powertrain options - naturally aspirated petrol, petrol + CNG, petrol + hybrid, and even petrol 4WD. This versatile approach aims to make the Victoris a compelling choice for a wide spectrum of buyers, from efficiency seekers to adventure enthusiasts.
DriveSpark Thinks
Maruti Suzuki's entry into the global top 10 is not just a company milestone - it's a defining moment for the Indian automotive industry. It demonstrates how an Indian-based automaker can lead innovation, scale, and value creation on the world stage.
As GST 2.0 reforms continue to reshape the domestic auto landscape and Maruti Suzuki accelerates its SUV expansion, the company's momentum shows no sign of slowing down. From dominating Indian roads to earning a place among the global automotive elite, Maruti Suzuki's journey is now a powerful symbol of India's growing influence in the world of mobility.
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