Synopsis: Maruti Suzuki, Hyundai Motor India, and Tata Motors plan over ₹10,000 crore capex each in FY27, totaling ₹88,000+ crore through FY30 for factories, EVs, and new launches.
Three major carmakers plan massive spending in FY27, signalling a sharp shift in India’s auto industry. India’s passenger vehicle sector is entering an aggressive new phase. Three of the country’s biggest automakers Maruti Suzuki, Hyundai Motor India, and Tata Motors plan to spend well above Rs. 10,000 crore each as part of multi-year capital expenditure programmes.
Together, their combined outlay stretches beyond Rs. 88,000 crore through FY30. The plans cover new factories, electric vehicles, fresh product launches, and cutting-edge technologies. This wave of spending reflects how deeply these companies believe in India’s long-term auto growth story. All three stocks have faced pressure in recent months, even as the companies push forward with record investment plans.
1. Maruti Suzuki India
Maruti Suzuki moves first with a board-approved Rs. 10,189 crore greenfield assembly plant in Khoraj, Gujarat. The first phase will add 2.5 lakh units of annual capacity. Commissioning is targeted by 2029.
Maruti Suzuki India’s Limited’s stock, with a market capitalisation of Rs. 4.11 lakh crores, closed monday at Rs. 13,076. Furthermore, the stock over the past year has given a return of 10.3 percent.
Beyond Gujarat, Maruti also plans to add 5 lakh units of capacity in FY27 across its Kharkhoda Phase 2 and existing Gujarat lines. Consequently, the company’s annual capex run-rate stands at around Rs. 10,000 crore during this expansion phase. Maruti funds all of this through internal accruals no fresh debt required. The broader goal is to reach 40 lakh units of total annual capacity by 2030 and defend its dominant market position.
2. Hyundai Motor India
Hyundai Motor India takes the boldest step. The company commits Rs. 45,000 crore in investments through FY2030, as announced in 2025. The plan covers 26 new model launches, including a dedicated electric SUV by 2027. Furthermore, Hyundai allocates 60% of its outlay toward products and research, with the remaining 40% going toward capacity expansion.
Hyundai Motor India’s Limited’s stock, with a market capitalisation of Rs. 1.42 lakh crores, closed monday at Rs. 1,745. Furthermore, the stock over the past year has given a return of 5.51 percent.
The company targets above 15% domestic market share and aims to export up to 30% of its total output. Hyundai also plans to bring in its premium Genesis brand during this period. The spending therefore positions India not just as a sales market but as a key global manufacturing and export hub for Hyundai worldwide.
3. Tata Motors
Tata Motors executes a Rs. 33,000–35,000 crore programme across FY26 to FY30 for its passenger vehicle and EV segments. The company typically guides annual capex at 2–4% of revenue, which translates to thousands of crores each year.
Tata Motors Limited’s stock, with a market capitalisation of Rs. 1.26 lakh crores, closed monday at Rs. 345.6. Furthermore, the stock over the past year has given a negative return of 8.25 percent.
FY27 is, in particular, a key year Tata uses this period to launch new products, develop software-defined vehicles, upgrade powertrains, and remove capacity bottlenecks. The company targets 16% market share in passenger vehicles by FY27. At the same time, Tata also aligns its commercial vehicle business with this multi-year plan, supporting both recovery and electrification goals simultaneously.
These three companies together signal that India’s auto sector is not slowing down. Private sector capex overall may be moderating in FY27, but select sectors like automobiles clearly push ahead with purpose.
For consumers, this means more choices, newer technologies, and a faster shift toward cleaner vehicles. For investors, it marks a long cycle of structured spending one that will reshape the Indian auto landscape well into the next decade.
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