“₹14,000 crore capex, 5 lakh units to be added; ‘no company has done this anywhere in the world in a year’”: R C Bhargava

Maruti Suzuki India Limited will incur a record capital expenditure of about ₹14,000 crore this fiscal year, its highest ever, as it expands manufacturing capacity with two new plants being developed simultaneously, Chairman R C Bhargava said.

“Capex will be about ₹14,000 crore, the highest in any of the last years. We are continuing to install units in Kharkhoda, and we are setting up a new unit in Gujarat. Therefore, the capex has gone up,” Bhargava told reporters after the company’s FY26 earnings call.

The investment is being driven by ongoing work at its Kharkhoda facility in Haryana and a new plant in Gujarat, marking a parallel expansion of capacity across two regions.

The company is already running at 100% capacity, and the company is looking at adding half a million units of capacity in less than a year to cater to the higher demand.

“We are adding half a million units this year, I wonder how many companies have added half a million units in one year. I don’t know if it has been done by any company in any country in one year,” he declared.

The move comes as India’s largest carmaker looks to support future growth in both domestic sales and exports, amid intensifying competition and a broader shift towards SUVs and electrified vehicles.

Bhargava also stated that “I am making reasonable profits, why do I care too much about market share? Also we are serving the national interest by exporting cars from the country, isn’t that a good thing?”

Maruti Suzuki has been steadily expanding its production footprint to keep pace with demand, while also preparing for a more diversified product portfolio.

The record capex also reflects a front-loading of investments, even as automakers face cost pressures and an uncertain global environment.

With inputs from Ketan Thakkar and Mugdha Mishra