- Maruti Suzuki reported total sales of 189,665 units for September 2025.
- This represents a 2.7% increase compared to the same month in the previous year.
- Local sales experienced a decline, with 147,461 units sold, down by 6.1% year-over-year.
- Export sales saw a significant rise, with 42,204 units shipped, marking a 52% increase from the previous year.
- Analyst recommendations for Maruti Suzuki include 41 ‘buys’, 5 ‘holds’, and 2 ‘sells’.
Maruti Suzuki India on Smartkarma
Maruti Suzuki India has received mixed analyst coverage on Smartkarma, a platform where top independent analysts publish their research. Nimish Maheshwari, a bullish analyst, highlighted the launch of Maruti Suzuki’s e-Vitara EV production by Prime Minister Modi, promoting “Make in India, Make for the World” to boost India’s EV manufacturing and global exports. Suzuki’s significant investment of INR 70,000 crore over 5-6 years signals a strong commitment to EV production, aiming for 50k to 1L units of exports annually.
On the other hand, bearish analyst Sreemant Dudhoria, CFA, discussed Maruti Suzuki India‘s Q4FY25 results, which fell short of expectations. Despite management’s positive outlook for outperforming industry growth in FY26, the valuation at 25x P/E trailing EPS seems reasonable, with limited near-term upside potential. Dudhoria pointed out challenges such as higher costs from new launches and EV investments impacting profitability, while emphasizing the importance of new SUV launches and robust export growth for future performance.
A look at Maruti Suzuki India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Maruti Suzuki India Limited, a major player in the automobile industry, continues to show strong growth potential as indicated by its high Smart Scores in areas such as Dividend, Growth, Resilience, and Momentum. With a Dividend score of 4, investors can expect consistent returns from the company. Additionally, the Growth and Resilience scores of 4 suggest that Maruti Suzuki is well-positioned to expand its market presence and navigate challenges effectively. The company’s Momentum score of 5 further reinforces its positive trajectory in the market.
Maruti Suzuki’s partnership with Suzuki of Japan has enabled it to cater to the Indian market with affordable vehicles, showcasing its commitment to serving the average Indian consumer. Overall, with its strong Smart Scores across key factors, Maruti Suzuki India appears to have a promising long-term outlook, making it an attractive investment option for those looking for stability and growth in the automobile sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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