Maruti Suzuki India Ltd

- There is no immediate need to cut down on capex or alter spending between fixed assets and new model launches due to funding constraints. - Maruti Suzuki India Limited has stated there is "no dearth of funds" and will supply as per market demand. - For FY26, capex is running at about INR 12,000 crores, including Gujarat facility. - Next year's capex budgeting is underway, with a planned run rate of about INR 10,000 crores per year. - No specific mention was made of new fundraising through debt or equity in the transcript. - The company's strategy focuses on meeting demand and growth without indicating the need for external capital raising at this time.

- Two new plants of 250,000 units each (Kharkhoda second plant and fourth line at Gujarat facility) will become operational soon. - Current capex run rate is about INR 12,000 crores for FY26, including Gujarat facility. - Next year's capex is yet to be budgeted; expected around INR 10,000 crores annually. - Capex focused on both capacity expansion and new model launches, with no plans to cut back on either. - Emphasis on meeting market demand without supply constraints. - Investment aligned with India's growing car market, being the third largest globally. - No dearth of funds for capex. - Future capex decisions to be finalized by March (FY27 budgeting timeline).

- Maruti Suzuki expects continued growth driven by robust demand post-GST reform, with quarter 3 FY26 showing a 20.5% industry growth and 22% domestic sales volume growth for the company. - They currently face supply constraints but strive to meet demand backed by a healthy order book (~175,000 vehicles) and low inventory levels. - Sustainable demand levels for FY27 and beyond will be reassessed in a few months; early estimates suggested around 7% volume growth for the industry. - Capex run rate stands at about INR 12,000 crores for FY26 with two new plants becoming operational soon; next year's capex budgeting is in progress. - Exports are growing, targeted at 400,000 units in FY26, with new models like VICTORIS contributing. - EV rollout in India is on track with no delays anticipated; domestic e VITARA launch expected soon. - Overall, momentum and operating leverage are key drivers, with no intent to cut capex despite market variables.

- Maruti Suzuki experienced strong growth in Q3 FY26 due to GST tax cuts, with 22% domestic volume growth and robust overall demand. - The company is currently supply-constrained but aims to meet all demand, indicating capacity expansion with two new plants coming online soon. - No explicit forward-looking EBIT or profit guidance is given, as management prefers investors to model future margins using available factors (operating leverage, commodity prices, FX, mix). - An initial sustainable industry volume growth estimate of around 7% was mentioned, with further assessment planned in coming months. - Price increases are not planned immediately post-GST, to maintain momentum but can be considered later if cost pressures rise. - EBIT margins face headwinds from commodity inflation (notably PGM, rare earths), FX, fixed cost incidence, and labor code provisions but partially offset by operating leverage, mix, and lower discounts. - Overall, medium-term growth is expected backed by new launches, expansion into EV markets, and export opportunities.

- Maruti Suzuki ended Q3 FY26 with a healthy order book of around 175,000 vehicles. - The company is currently supply-constrained but working to meet the strong demand. - Rahul Bharti mentioned the momentum in demand and assured supply will be aligned to market demand. - The robust order book reflects strong consumer demand post GST reform. - No specific details on expected order book growth beyond current figures were provided, but the company is optimistic and actively managing supplies.