Small cars are not dead: Maruti Suzuki’s R.C. Bhargava sees a sizeable market even in 2047
Maruti Suzuki moved lower for FY27.
· Business Today Mkts
Maruti Suzuki sold 3,98,000 small cars in the first half of FY27—more than twice its SUV sales—as Bhargava pushed back against predictions of the segment’s…
Key facts
- Period
- FY27
The analysis
Against that, the stock is +2.0% on the day at ₹11,450.00, and has returned -16.6% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -5.4% over the same period, so Maruti Suzuki is running 11.2 points behind its peers.
For Maruti Suzuki, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- In focus: Maruti Suzuki (MARUTI), in Auto.
- Over three months: Maruti Suzuki -16.6% against Auto -5.4% (11.2 points behind).
- At least 25% below the 52-week high: Maruti Suzuki (34%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Maruti SuzukiMARUTI · Auto | ₹11,450.00 | +2.0% | -5.1% | -16.6% | -33.8% | 0.9× | — |
Auto
1M -7.3% · 3M -5.4%
Maruti Suzuki
Prices as of 27 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Taking Stock: Market fails to hold on to day#39;s gains, ends marginally higher
Maruti Suzuki Profit Misses Estimate as Costs Squeeze Margins
Maruti Q2FY27 results: Net profit declines 26.36% to ₹2,466.1 crore
Maruti Suzuki flags rural demand risks as Q2 profit falls 26%
Top stocks to watch today: L&T, Maruti Suzuki, Paytm, REC shares in focus on Tuesday, 27 Oct | Full list