Prøve GULL - Gratis

Maruti Begins Production of e-Vitara, Eyes Export Route

Mint Hyderabad

|

August 27, 2025

India's largest carmaker aims to sell 70,000 units of its first EV, most of it overseas, in FY26

- Ayaan Kartik

Maruti Suzuki India Ltd on Tuesday started the production of its electric sports utility vehicle (SUV) e-Vitara for exports to 100 countries from its Gujarat factory, marking the beginning of its electric vehicle (EV) push that contrasts with strategies of its domestic rivals.

While Tata and Mahindra began their EV journey by first boosting sales in the domestic market, Maruti Suzuki is producing these cars majorly for exports, with its Japanese parent looking to test its mettle in the global EV market.

The company aims to sell 70,000 units of its flagship electric vehicle in FY26, with a majority of sales coming from international markets.

This country's largest and oldest carmaker is looking to recreate its recent success in exports, with international sales rising 17% in FY25, buoyed by products like Fronx and Jimny.

However, the small car giant has seen its market share slip by nearly 9% in the domestic market over the last five financial years, and growth has got hard to come by, prompting the company to focus on exports.

In FY25, Maruti's sales in India grew just by 3% to 1.9 million cars.

FLERE HISTORIER FRA Mint Hyderabad

Mint Hyderabad

Quality fears to spur premium dairy boom in cities

March, while Akshayakalpa is said to be in talks to raise ₹350 crore from Temasek's ABC Impact and others.

time to read

1 mins

December 18, 2025

Mint Hyderabad

Coverage challenge

Can India's insurance sector help mobilize more long-term capital? How much of a differ- ence will the Centre's proposal of raising its foreign direct investment (FDI) cap to 100% from 74% make?

time to read

1 min

December 18, 2025

Mint Hyderabad

Mint Hyderabad

TCS lifts curtain to peg yearly revenue from Al at $1.5 bn

In a first for homegrown IT services companies, Tata Consultancy Services Ltd (TCS) has said it earns $11 billion from disruptive technologies, including $1.5 billion from AI.

time to read

1 min

December 18, 2025

Mint Hyderabad

India summons B'desh envoy over security concerns in Dhaka

India on Wednesday summoned Bangladesh envoy Riaz Hamidullah and lodged its protest over plans by certain extremist elements to create a security situation around the Indian mission in Dhaka.

time to read

1 min

December 18, 2025

Mint Hyderabad

Mint Hyderabad

'Rising MF firepower softens impact of FII outflows'

There was a time when heavy foreign investor selling could rattle Indian equity markets.

time to read

2 mins

December 18, 2025

Mint Hyderabad

Should you invest yourself or let professionals do the job for you?

Ask whether your performance as a fund manager is superior on the basis of an objective assessment

time to read

4 mins

December 18, 2025

Mint Hyderabad

IOB OFS opens for subscription

The Indian Overseas Bank's (IOB's) Offer-for-Sale (OFS) opened on Wednesday for non-retail investors at a floor price of ₹34 per share.

time to read

1 min

December 18, 2025

Mint Hyderabad

Let ‘digital collateral’ for loans drive credit inclusion

India's economy grew at a faster-than-expected 8.2% in the last quarter, driven by manufacturing and services as well as a recovery in private consumption.

time to read

3 mins

December 18, 2025

Mint Hyderabad

NCLT permits rejig at Flipkart

NCLT has approved merger of eight Flipkart entities, taking it closer to an IPO.

time to read

1 min

December 18, 2025

Mint Hyderabad

Mint Hyderabad

Mizuho buys majority stake in Avendus for $523 million

Japanese bank to pick up 61.6-78.3% of Avendus shares, making it a consolidated subsidiary

time to read

2 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size