Maruti Suzuki India, the country's largest carmaker, expects India's domestic passenger vehicle market to expand to 6.1 million-6.3 million units by fiscal year 2030-31 as demand for small cars revives and the sport utility vehicle segment remains strong. The company said it is reassessing its five-year growth targets because it now expects the small-car segment to grow significantly faster than it did over the past five years. The outlook accompanied its 2025/26 annual report. Maruti sold a record 2.42 million vehicles and exported an all-time high 447,000 units in FY26, and it said the next million-unit sales milestone should come earlier than previously projected. To support that growth, the company plans to invest about 350 billion rupees ($4 billion) to lift annual production capacity to 3.65 million vehicles by FY31, after adding 500,000 units of manufacturing capacity in FY27. The board has also approved an initial 5.61 billion rupees for four biogas plants as part of a clean-energy strategy that Chairman R.C. Bhargava said could reduce reliance on imported compressed natural gas and support India's net-zero goals. Managing Director and CEO Hisashi Takeuchi said Maruti plans to launch seven new SUVs over the next five to six years. The company also said it is focusing on localisation, alternate sourcing and supplier capability development to manage geopolitical and supply-chain risks, while a closer and more integrated relationship with parent Suzuki Motor Corp is helping shorten vehicle development cycles and lower costs.