Maruti to ramp up exports by over two-fold to 8 lakh units by 2030-31

Maruti Suzuki India is aiming to export about 8 lakh vehicles annually by the fiscal year 2030-31, from its current exports of around 3 lakh units.

"Four years ago, we were exporting about one lakh cars per year, which has now risen to three lakh cars annually. By the end of this decade, we are targeting exports of 7.5 to 8 lakh vehicles per year, bringing us close to the one million mark," Rahul Bharti, Executive Director, Corporate Affairs, told ANI.

Maruti Suzuki India, India's leading passenger vehicle company in domestic market and exports has attained the milestone of 3 million cumulative exports. The three millionth landmark vehicle was part of a shipment of 1,053 units that sailed from Gujarat's Pipavav port yesterday comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire and SPresso.

"We did the first million in about 24 years, 8 months. We were able to do the second million in 8 years, 10 months and the third million just in 3 years and 9 months... We are increasing our exports at a very fast pace," he said.