From volume race to value game: What FY26 reveals about the reinvented Indian auto industry
Maruti Suzuki India Limited (MSIL), the country's largest carmaker, crossed the ₹1.5 lakh crore revenue mark in FY26, aided by higher volumes, better realisations and an expanding utility vehicle portfolio. However, profit growth remained relatively muted despite the revenue surge, reflecting elevated discounts, forex pressures and rising competition in the mass-market segment. Utility vehicles (UVs) accounted for a steadily rising…
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