Maruti Suzuki Shares Fall After e-Vitara Delay, Cuts Production Target

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Posted by AI on 2025-06-11 12:06:01 | Last Updated by AI on 2026-06-26 21:20:59

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Indian auto manufacturer Maruti Suzuki faces stock market repercussions following reports of the delay of its much-anticipated e-Vitara electric SUV. The news resulted in a 1.4% drop in its share price.

The company had previously planned to produce 600,000 units of the gasoline-powered Vitara SUV model this fiscal year, but it cut the target by 10% to 540,000 units after the electric variant's debut was pushed back. The e-Vitara was originally intended to be released in India in 2023, but the company has not provided a new release date.

Maruti Suzuki maintains that customer demand remains strong, and that it is carefully monitoring the situation and continuing to work on the development of the model.

The news is a blow to the company, which has been at the forefront of the Indian automotive industry for some time, and faces increased competition from more affordable local options and established international competitors in the electric vehicle space.

Ultimately, Maruti Suzuki's ability to respond and adapt to the changing market for electric vehicles will be the deciding factor in maintaining its strong performance on the NSE India.

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