Maruti Suzuki, the Indian car manufacturer, has registered its place in the top 10 most valuable automakers in the world. The company has secured the eighth position in the list, with a market capitalization of approximately USD 57.6 million. This has placed Maruti Suzuki higher than automakers like Volkswagen, Ford, General Motors, and more.
According to reports, several factors led to Maruti Suzuki's global achievement as the eighth most valued automaker, one of them being the revised GST structure. In the country, Maruti Suzuki is popular for making budget-friendly small cars. With the revised GST structure, the brand's small car segment, consisting of cars like Alto, S-Presso, WagonR, and more, got more affordable, marking a huge surge in customer bookings. Also, with the new GST structure, the foreign investors have looked back at the Indian auto stocks, where Maruti Suzuki is positioned as the most trusted brand.
Talking about the global rankings, Tesla is the leader with a market cap of USD 1.4 trillion, followed by Toyota with a market cap of USD 314 billion. In the second place, it is BYD at USD 133 billion. The third, fourth, and fifth positions have been claimed by Ferrari (USD 92.7 billion), BMW (USD 61.3 billion), and Mercedes-Benz at USD 59.8 billion.
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With a market cap touching about USD 57.6 billion, Maruti Suzuki has taken the lead over brands like Ford (USD 46.3 billion), General Motors (USD 57.1 billion), and Volkswagen at USD 55.7 billion.