Key Quantitative Figures
- Record annual sales of 24.22 lakh vehicles in FY 2025-26 (highest ever)
- Record exports of 4.47 lakh vehicles in FY 2025-26
- Achieved 2 million sales mark for the third consecutive year
- Added 500,000 units of manufacturing capacity during FY 2026-27
- Board approved investment of ₹561 crore for four biogas plants in the first phase
Strategic Updates and Operational Highlights
The report highlights multiple growth drivers operating simultaneously:
- Revival of the small car segment
- Strengthening of SUV portfolio with plans to introduce 7 new SUVs in the next 5-6 years
- Multipowertrain strategy implementation
- Focus on capacity expansion
- Robust export performance
The company is optimistic about reaching its next million-vehicle milestone earlier than anticipated, supported by all key growth drivers being in place.
Management Commentary and Forward-looking Statements
Mr. R. C. Bhargava, Chairman commented on GST reforms providing new impetus to the automobile industry and several sectors of the economy. The company is estimating that:
- Car industry would grow to 6.1 to 6.3 million units by FY 2030-31
- Small car market share would grow significantly faster than its pace of growth in the last five years
On Net Zero journey, Mr. Bhargava stated that biogas can be generated in large quantities from locally available resources and would provide zero emission fuel. The initial investment of ₹561 crore for four biogas plants is the first phase, with potential for substantial future investments in biogas production and distribution.
Mr. Hisashi Takeuchi, Managing Director & CEO stated that the company accelerated capacity expansion plans reflecting confidence in the medium-term outlook. He emphasized the company's commitment to supporting India's aspirations through manufacturing, exports, technology development, employment generation, skill creation, and sustainable mobility.