Indian Economy News

Maruti is the first car company to cross a revenue mark of US$ 12 billion (Rs. 1 lakh crore)

  • IBEF
  • April 28, 2023

According to Bloomberg data, Maruti Suzuki has surpassed US$ 12 billion (Rs. 1 lakh crore) in revenue, making it the first passenger vehicle (PV) manufacturer in India to join the top 30 manufacturers globally.

After Tata Motors, Maruti Suzuki is the second Indian PV manufacturer to join the league in the overall rankings.

On April 26, 2023, the company announced it will set up a new plant with a production capacity of up to 10 lakh units per year in light of the estimated market demand including exports.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.