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<\/picture><\/div>\nMaruti Suzuki India Ltd (MSIL), the country\u2019s largest passenger vehicle maker, reported a 27% year-on-year (YoY) decline in net profit to \u20b92,414.9 crore in the second quarter ended September 30, 2026 hit by mark-to-market losses on mutual fund investments and the impact of the West Asia conflict.<\/p>\n
Operating profit (EBIT) fell to \u20b92,803.7 crore from \u20b93,382 crore a year earlier, weighed down by conflict-linked commodity price increases. However, EBIT rose 10.8% sequentially from the previous quarter.<\/p>\n
Net sales income surged 26.1% to \u20b950,615.5 crore from \u20b940,135.8 crore in the year-ago quarter.<\/p>\n
The company\u2019s total sales volume rose 26.5% YoY to 696,654 units during the quarter, supported by robust domestic demand. Small-car sales grew 35.9%, while SUV sales jumped 68.2%. Its domestic passenger vehicle market share expanded by 2.2 percentage points to 40.8%.<\/p>\n
\u201cWe had a very different half year largely because of the GST reforms of September 2025 which was a watershed moment for the Indian car industry. Despite the hostile atmosphere [caused by the conflicts] for the auto industry had witnessed a good half year, so was Maruti. The future is quite rosy,\u201d said R.C. Bhargava, Chairman, Maruti Suzuki India, during a conference call.<\/p>\n
Despite recent capacity additions, demand continued to outstrip supply, leaving the company with network inventory of about 17 days and pending bookings of approximately 265,000 units.<\/p>\n
Exports remained resilient despite geopolitical challenges, with 108,119 units shipped during the quarter, marginally below the 110,487 units recorded a year earlier.<\/p>\n
Separately, the company\u2019s board approved the incorporation of a Section 8 company to establish the Osamu Suzuki Centre of Excellence. The proposed centre will promote Japanese manufacturing philosophy, Osamu Suzuki\u2019s teachings and vocational and future-ready technical skills to strengthen manufacturing excellence across India as part of the company\u2019s corporate social responsibility initiatives.<\/p>\n
\u201cMr. Suzuki has been a legend who put his trust in India and over more than four decades transformed the Indian car industry with his fundamental philosophy and manufacturing concepts,\u201d the company said in a filing, adding that the initiative would honour his contribution and strengthen the competitiveness of India\u2019s manufacturing sector.<\/p>\n<\/div>\n