Maruti Suzuki's FII trims stake to 12.8% in last two years; shares slip 19% YTD. Check what the CEO said on Monday

Managing Director and CEO Hisashi Takeuchi on Monday, August 31, said that the country’s largest carmaker has increased capex outlay to ₹77,500 crore for five years till FY31 for capacity expansion, new models and R&D, among others.

On Monday, shares of Maruti Suzuki India settled at ₹13,547 apiece on the National Stock Exchange, gaining 1.28%.

From the beginning of the year, Maruti Suzuki shares have fallen 19%. Over a month’s time, the stock has slipped 5.4%, while for a six-month period, it has declined 6%.

Shares of the firm had hit a 52-week high of ₹17,370 on January 5, 2026, and a 52-week low of ₹12,201 on March 30, 2026.

FIIs trim stakes in 2 years

Data shows that foreign institutional investors (FIIs) have steadily reduced their holding in Maruti Suzuki India over the past two years. Overall, FII shareholding in Maruti Suzuki has fallen by 6.16 percentage points, from 18.98% in Q1 FY25 to 12.82% in Q1 FY27.

In June 2024 (Q1 FY25), the FII shareholding stood at 18.98%, before declining to 17.68% in Q2 of the same fiscal year and 15.47% in the December quarter of FY25. The holding fell further to 14.96% in the final quarter of the fiscal year (Q4 FY25).

There was, however, marginal recovery in June 2025 (Q1 FY26) to 15.2% and 15.78% in the September quarter of FY25.

The FII holding remained broadly stable at 15.76% in the December quarter of 2025 but dropped sharply thereafter to 14.12% in March 2026 and further to 12.82% in the first quarter of this fiscal year 2026.

Here’s what CEO said to the shareholders’ queries

Responding to a query from shareholders at the company's annual general meeting, he also assured that Maruti Suzuki cars starting from production year 2008 are compatible with E20 fuel.

“Regarding the capex side for FY26-27, we have planned a 40% jump in capex expenditure in a single year, from around ₹10,000 crore last year to ₹14,000 crore this year. Cumulatively, during FY26-27 to FY30-31, we have planned a capex of ₹77,500 crore,” he said in response to a shareholder query.

Last year, Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation—the parent of Maruti Suzuki India—had stated that the company would invest ₹70,000 crore in the next five to six years in India to strengthen its operations.

Elaborating on where the investments would be utilised, Takeuchi said, “Capex is planned for capacity expansion, new model development, R&D activities, plant measures, marketing and sales infrastructure, carbon neutral measures, and logistics, and so on.”

To another question about E20 fuel compatibility, Takeuchi said, “I would like to assure that all of our current ongoing products are E20 compatible products. Actually, we have improved our compatibility to ethanol from the production year 2008. So after 2008, all of our products are E20 compatible.”

On sustainability efforts in manufacturing, he said the company is taking many steps to achieve carbon-neutral manufacturing, including increasing in-house solar capacity from 79.1 megawatt in FY25-26 to 211.3 megawatt by 2030-31, “which will cover almost 35% of our total electricity requirements.”

He further said, “The remaining portion we are going to buy green electricity mainly by solar and wind power for our plant operations.”

The company will also put up biomass plants at its Manesar and Kharkhoda factories and also at the new plant at Sanand in Gujarat.

Maruti Suzuki Q1 FY27 earnings

Maruti Suzuki India had reported a standalone net profit of ₹3,352 crore in the April-June quarter, registering an 11% decline from ₹3,758 crore during the same period last year. The fall was primarily driven by higher material costs during the quarter, which further intensified due to the impact of the war.

The carmaker's total revenue from operations, including the sale of products and other operating revenue, jumped 36% year-on-year (YoY) to ₹52,456 crore in Q1 FY27 from ₹38,593 crore in the year-ago period.

Maruti Suzuki’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 7% YoY to ₹4,312 crore as compared to ₹4,621 crore in the corresponding period of the previous financial year.

Its operating profit margin, also known as EBITDA margin, contracted to 8.22% in the reporting quarter from 11.97% in the year-ago period.

According to NSE data, as of August 31, 2026, Maruti Suzuki India has a total market capitalisation of ₹4.26 lakh crore.