Maruti Suzuki India has surged ahead in global automaker rankings after attaining a market capitalization of $57.6 billion, moving it into the eighth position worldwide and surpassing longstanding giants including Ford, General Motors, and Volkswagen. The new valuation places Maruti ahead of Ford (valued at about $46.3 billion), GM (around $57.1 billion), and Volkswagen (approximately $55.7 billion).
The firm’s meteoric rise is tied to a sharp increase in investor optimism. Since August, Maruti’s share price has climbed about 25.5 %, outpacing the broader Nifty Auto index, which has posted gains of around 11 % in the same period. Market observers attribute this rally in part to recent revisions in India’s tax regime, including GST reforms that came into effect starting September 22, which have eased cascading levies on automobiles and improved affordability.
Inside India, Maruti retains a dominant position in the compact and small-car segments, accounting for more than 60 % of its volume in those categories. The company has also reported strong booking activity since the tax realignment, with estimates of up to 15,000 bookings per day and a milestone of around 30,000 vehicle deliveries in a single day during the Navratri festival period.
The valuation benchmark data was compiled by the Economic Times Intelligence Group. The calculation reflects prevailing stock prices and does not necessarily imply parity in revenues, profits, scale, or global footprint with the larger automakers Maruti has eclipsed in market cap terms.
While Maruti has now overtaken its Japanese parent in market value, its current valuation still trails far behind global leaders like Tesla (with a market cap in the hundreds of billions) and Toyota (over $300 billion). Analysts caution that comparisons based purely on market capitalization can mask differences in scale, international exposure, product mix, and the challenges associated with the shift toward electric mobility.
Maruti’s strong showing in 2025 adds an Indian automaker to the global top ten by value — a rare achievement in the automotive industry. Yet, Maruti also faces headwinds: the global transition to electric vehicles, supply chain constraints, commodity cost pressures, and increased competition both domestically and abroad. The company’s ability to maintain momentum while addressing those challenges will be observed closely by the markets and industry watchers.