Maruti Suzuki Pips Ford, GM, Volkswagen With $57.6 Billion Market Cap

Indian automobile major Maruti Suzuki now commands a market valuation of approximately $57.6 billion. This capitalisation has made the homegrown automaker surpass established international automotive brands, including Ford, General Motors and Volkswagen in terms of market value, says a report by Economic Times.Maruti  has now exceeded the market valuation of its own parent organization. 

Japan's Suzuki Motor Corporation currently maintains a market capitalisation of roughly $29 billion, substantially below its Indian division's valuation.

Also read: GST Cuts Spark Bumper Navratri Bookings And Deliveries For Mahindra, Maruti

Global Automotive Market Rankings Reshuffle

The Indian automaker now positions itself just below Honda Motor, which holds a $59 billion market capitalisation. 

Meanwhile, traditional automotive powerhouses have seen their market positions either decline or remain static in recent trading sessions.

Current market valuations show Ford at $46.3 billion, GM at $57.1 billion, and Volkswagen AG at $55.7 billion, all trailing behind the Indian manufacturer's impressive performance.

Tesla Tops Valuable Carmakers

The global automotive valuation landscape continues to be dominated by Tesla, which maintains its position with a commanding $1.47 trillion market capitalisation. Following Tesla in the international rankings are Toyota ($314 billion), BYD ($133 billion), Ferrari ($92.7 billion), BMW ($61.3 billion) and Mercedes-Benz ($59.8 billion).

Maruti Suzuki Focuses On Small Cars

The Indian manufacturer's remarkable market performance can be attributed to its concentrated strategy in the small car segment, which represents more than 60 percent of its total sales volume. This focus on affordable, fuel-efficient vehicles has resonated strongly with Indian consumers and investors alike.

Additionally, recent policy changes including new GST reforms implemented on September 22 have enhanced investor sentiment and contributed to the company's robust market performance.

Maruti Suzuki Sells 75,000 Cars Since Navratri

The company has demonstrated exceptional sales momentum during the current festive period. According to news agency PTI, citing a senior company official on Thursday, retail sales have reached 75,000 units since Navratri started and the new GST 2.0 framework was introduced.

Unprecedented Customer Interest

Current market dynamics reveal extraordinary consumer interest in the company's offerings. Daily customer inquiries have surged to nearly 80,000, representing almost double the typical volume of 40,000 to 45,000 daily inquiries.

The surge in customer interest has translated into substantial booking activity, with the company processing approximately 18,000 daily bookings. This exceptional demand has resulted in extended waiting periods for certain variants of smaller vehicle models.