Toyota deal rides to Maruti's rescue

Maruti Suzuki India Ltd, the country's automotive market leader, has its six-year-old partnership with Toyota Kirloskar Motor Ltd to thank for beating domestic car market blues in FY25.

- Ayaan Kartik

Maruti Suzuki India Ltd, the country's automotive market leader, has its six-year-old partnership with Toyota Kirloskar Motor Ltd to thank for beating domestic car market blues in FY25. Maruti Suzuki would have seen practically flat (0.2%) growth in the number of cars sold in the fiscal, but it got a fillip from selling an additional 106,000 units to Toyota in a rebadging partnership, according to data from the company.

This additional sale helped Maruti clock nearly 3% growth in the fiscal, selling 1.9 million passenger vehicles (PVs, comprising cars and SUVs). That handsomely beat the 2% industry growth of PVs in FY25. To be sure, Maruti's FY25 sales to Toyota saw an 82% jump from 58,612 units in the preceding fiscal year.