Maruti Suzuki Fronx Becomes India's Fastest SUV To Cross 1 Lakh Export Milestone
The Maruti Suzuki Fronx was launched in India in April 2023. By FY 2024-25, the brand had exported over 69,000 units of the Fronx, making it the country's most exported passenger vehicle during that period. Along with the Fronx, the list of best-performing export vehicles for the brand included Jimny, Baleno, Swift, and Dzire. During the period, the company also recorded its highest-ever annual export volume of over 3.3 lakh units, a 17.5 per cent increase over the previous fiscal.
Also Read: Amitabh Bachchan, Aamir Khan's Old Rolls-Royce Cars Fined Rs 38 Lakh In Bengaluru
Speaking on the milestone, Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, "Maruti Suzuki's capability to manufacture world-class vehicles for global markets exemplifies the true essence of 'Make in India' initiative. Our renewed focus on international markets has been instrumental in Maruti Suzuki's continued leadership in passenger vehicle exports. Fronx is delighting customers all over the world. Besides clocking the fastest 1 lakh exports, Fronx was also India's number 1 exported passenger vehicle in FY 2024-25."
Maruti Suzuki has been the top exporter of passenger vehicles from India for four straight financial years. In the first quarter of FY 2025-26, the company exported over 96,000 vehicles, achieving a record 47 per cent share of the total passenger vehicle exports from India. Currently, Maruti Suzuki exports 17 different models to nearly 100 markets, with South Africa, Japan, and Saudi Arabia ranking among the primary destinations for these exports.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
After two-month slide, auto industry steadies for festive jumpstart
Domestic passenger vehicle sales increased about 1% in July, marking a slight recovery after two consecutive months of decline, amid persistently sluggish consumer demand. Companies are cautiously optimistic that sales will accelerate further during the coming festive season, starting with Onam later this month. As many as 348,000 cars, sedans, and utility vehicles were dispatched from factories to dealerships last month, compared with 344,000 vehicles in July 2024, according to industry estimates. Retail sales were flat at about 328,000 vehicles last month. At the country's largest carmaker Maruti Suzuki , wholesale volumes were largely unchanged at 137,776 vehicles last month. Partho Banerjee, senior executive officer (marketing and sales) said while Maruti has seen an uptick in bookings ahead of the festive season, starting with Onam in Kerala, conversions are slow. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Degree Product Management Digital Marketing CXO MCA Management Design Thinking Healthcare Data Science others Data Analytics Artificial Intelligence Leadership MBA Cybersecurity Others Technology healthcare Operations Management Public Policy PGDM Finance Project Management Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details 'Growth in rural markets which stood at about 10% last year, has now come down to 2-3%. In urban areas, with layoffs in the IT sector, buyers are cautious,' Banerjee said, adding, 'We have, however, seen an increase in bookings which is a positive sign.' 'With the advent of the festive season, as things stabilise, we expect the demand momentum to pick up,' said Banerjee. Maruti Suzuki has so far recorded a 10% increase in bookings in Kerala. Korean rival Hyundai Motor India too saw sales dip by 10% to 43,973 vehicles in July. Tarun Garg, chief operating officer, said, 'While the overall auto industry has seen some softness in recent months, we remain optimistic with the onset of the festive season and are fully geared up with robust supply and product offerings.'
Time of India
11 hours ago
- Time of India
ICRA projects modest growth across Indian auto segments in FY26 amid mixed demand trends
India's automotive sector is expected to witness moderate growth across key segments in FY26, aided by improving macroeconomic conditions, festive demand and infrastructure push, even as concerns persist over supply chain challenges and consumer sentiment, ratings agency ICRA said in its latest outlook. ICRA expects wholesale volumes in the passenger vehicle (PV) segment to grow by a modest 1–4 per cent this fiscal. The segment continues to grapple with elevated inventory levels, production constraints due to shortages of critical components like rare earth magnets used in EVs, and subdued consumer sentiment. Wholesale PV volumes declined by 1.4 per cent year-on-year in Q1 FY2026, and in June 2025, fell by 9 per cent sequentially and 7 per cent on a year-on-year basis, despite discounts offered by OEMs. Inventory levels increased to 55 days by the end of June, according to FADA. Sport utility vehicles (SUVs) remain the most preferred category, contributing 65–66 per cent of total PV volumes. While steady model launches are expected to support demand, headwinds persist for exports due to forex shortages in key African markets and ongoing inflationary pressures. Nevertheless, export volumes showed sequential growth of 14 per cent in June 2025, with Maruti Suzuki and Hyundai maintaining their lead. Two-wheeler projection The two-wheeler segment is projected to grow by 6–9 per cent in FY2026, driven by healthy rural incomes, expectations of a normal monsoon, and recovery in urban demand. While domestic wholesale volumes declined 4.3 per cent year-on-year in June 2025 to 1.5 million units, retail volumes rose by 5.1 per cent, supported by strong rural and semi-urban demand. Electric two-wheelers saw a 5 per cent sequential growth in June, with monthly volumes at 1.05 lakh units and penetration remaining in the 6–7 per cent range. Exports also rose by 34 per cent year-on-year, although currency constraints and inflation remain potential barriers in some markets like Nigeria. Commercial vehicle projection In the commercial vehicle (CV) segment, ICRA anticipates a 3–5 per cent increase in wholesale volumes during FY2026, supported by improving pace of construction and infrastructure activity and a stable economic environment. After a marginal 1.2 per cent decline in FY2025, CV wholesales fell 3.8 per cent year-on-year in June 2025 but rose 1.7 per cent sequentially. Retail sales increased by 6.6 per cent year-on-year in June, indicating inventory correction at dealerships. The bus segment is expected to see relatively stronger growth of 8–10 per cent, aided by replacement demand, while trucks are likely to post modest gains. While demand trends remain mixed and EV production continues to face raw material bottlenecks, ICRA said the upcoming festive season and new product offerings could help support overall automotive industry volumes in the near term.>
Time of India
12 hours ago
- Time of India
Maruti Suzuki banks on festive push, special editions to rev up flat sales
New Delhi: Country's largest carmaker by volume, Maruti Suzuki, is counting on new limited-edition offerings and the upcoming festive season to help revive its sales. The carmaker, which reported flat sales on Friday for July, flagged subdued rural demand, rising input costs from the rollout of six airbags across its lineup, and capacity constraints in CNG models as key factors which dampened the already sluggish market sentiment during the month. 'Momentum in the rural market has softened compared to last year. While we were seeing growth of around 10 per cent previously, it has now tapered to about 2–3 per cent,' said Partho Banerjee, Senior Executive Officer- Marketing and Sales, Maruti Suzuki. Domestic despatches for the carmaker remained flat at 1.37 lakh units in July, matching volumes from the same month last year. Growth during the month was primarily driven by the compact car segment, which includes models like the Baleno, Celerio, Dzire, Ignis, Swift, and WagonR. 'Bookings for the WagonR are showing a positive trend, which is encouraging. However, there remains pressure in the entry-level segment, as the conversion from bookings to actual retail sales is still weak,' Banerjee noted. Maruti's entry-level models such as the Alto and S-Presso, along with the Ciaz sedan, continued their year-on-year decline during July. Notably, the company also reported a dip in utility vehicle despatches across models like the Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6. Banerjee pointed out that sales of the Eeco van were under pressure, largely due to the cost escalation following the mandatory fitment of six airbags. 'The cost of the Eeco increased by nearly 6 per cent, which is quite substantial for this segment. There is also a bit of a challenge in securing financing,' he said. To address this, the carmaker is actively engaging with various NBFCs to ensure that prospective customers are able to access loans and continue purchasing the vehicle. It must be noted that models such as the Ignis and S-Presso still do not feature six airbags. The same applies to the Ciaz sedan, although its production has now been discontinued. Additionally, CNG penetration in Maruti Suzuki's overall portfolio stands at 40 per cent. However, while the demand for CNG models remains strong, the company is currently facing capacity constraints in this segment. According to him, the company's current network stock levels are in the range of 36 to 37 days even as it continues to calibrate the despatches to its dealers. He also confirmed that its first electric vehicle (EV)-- eVitara, which is set to debut in export markets before its domestic launch, remains on track for rollout within the current financial year, despite ongoing challenges related to the supply of rare earth magnets. Festive boost Maruti Suzuki is pinning its hopes on a 'good' festive season to revive momentum, especially in the rural market, which has been showing sluggish growth. 'If Onam goes well, followed by Ganpati, then Navratra, coupled with a good monsoon and a possible MSP price hike by the government, there's no reason why the festive season should not perform well,' Banerjee said. He added that early signs are promising, citing a 10 per cent year-on-year growth in bookings in Kerala, a key market for Onam. To cushion the impact of price hikes in entry-level models due to the mandatory six airbags, the company is also relying on its newly launched six limited edition models to drive demand.
