Maruti begins e VITARA exports, ships over 2,900 units in August to 12 European countries

Leading carmaker Maruti Suzuki India on Monday, September 1, announced that it has begun shipping its battery electric vehicle, e VITARA, having dispatched over 2,900 units last month.

The cars were shipped from Pipavav Port in Gujarat to 12 European countries—the UK, Germany, Norway, France, Denmark, Switzerland, the Netherlands, Sweden, Hungary, Iceland, Austria, and Belgium.

On August 26, Prime Minister Narendra Modi flagged off the first e VITARA from the Gujarat facility. The battery electric model is exclusively manufactured at Maruti Suzuki’s Hansalpur manufacturing facility.

"The start of export of e VITARA to Europe is indeed a proud and defining moment for us," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in a statement.

Maruti Suzuki plans to export the model to more than 100 countries, along with selling it in the domestic market.

The company's overall exports in August increased by 40% to 36,538 units as against 26,003 units in the year-ago period.

Maruti Suzuki India shares and Q1 results

Shares of Maruti Suzuki India ended 0.5% up at ₹14,865 apiece on the NSE on Monday after hitting its 52-week high of ₹14,865 apiece. The company's market capitalisation stands at ₹4,67,359.43 crore. The scrip hit its 52-week low of ₹10,725 per share on December 24, 2024.

Over the past five days, the stock has jumped 3.16%, while it has climbed by as much as 20.83% in the last month.

In the last six months, Maruti Suzuki shares have rallied 26.24%, while the year-to-date gain stands at 32.62%.

Maruti Suzuki's net profit during the first quarter of the current fiscal year (Q1 FY26) stood at ₹3,712 crore, up 2% from ₹3,650 crore posted in the year-ago period.

The company's total revenue from operations climbed 8% year-on-year (YoY) to ₹38,414 crore in Q1 FY26 from ₹35,531 crore in the same quarter of the previous year.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined 11.2% YoY to ₹3,997 crore from ₹4,502 crore in Q1 FY25. EBITDA margin contracted to 10.4% in the reporting quarter from 12.6% a year ago.