Maruti Suzuki, India’s auto leader, is shifting gears in 2026 with ambitious electric vehicle (EV) launches, major capacity expansions, and strong demand from Tier 2+ cities. Investors are watching closely—will the stock accelerate toward ₹16,900 this year?

🚗 Key Growth Drivers for 2026

• Entry into Electric Vehicles: First EV SUV launching in early 2026.
• New Manufacturing Plants: Haryana and Gujarat plants to scale up production to 4M+ units/year.
• Strong Demand: Urban SUV boom + rural demand keeps momentum high.
• Govt Push: EV subsidies and PLI schemes support long-term growth.

📈 Current Share Price Snapshot

• Current Price (July 2025): ₹12,500
• 52-Week High: ₹13,680
• 52-Week Low: ₹10,725
• YTD Performance: +5.2%

The stock is consolidating with a bullish tilt, supported by EV updates and production expansion.

📊 Share Price Target 2026

🔹 Analyst Base Case

• Average Target: ₹13,585
• Growth Estimate: ~9.8%
• Expected Margins: ~12.3%

Base case reflects moderate upside from current levels based on earnings projections.

🔹 Bullish Forecast

• Fincopanda Target (Dec 2026): ₹16,992
• WalletInvestor 12-Month: ₹14,052
• WalletInvestor 2030: ₹20,213

Bullish view hinges on successful EV rollout and capacity scale-up.

📅 Monthly Price Predictions (2026)

Month	Target Price (₹)
January	15,177
February	15,141
March	15,225
April	15,408
May	15,634
June	15,889
July	16,083
August	16,191
September	16,513
October	16,660
November	16,789
December	16,992

Predicted to touch ₹16,900+ by December 2026 based on model forecasts.

⚖️ Risk vs Reward

🚩 Risks

• Supply chain disruptions (e.g., chip shortage)
• Rising input costs
• Intense competition in EV segment

✅ Upside Triggers

• Timely EV product launch
• New plant productivity boosts
• Higher rural and export demand

✅ Final Verdict

Scenario	Target Price (₹)
Bearish	11,000 – 12,000
Base Case	13,500 – 14,000
Bullish	16,500 – 16,900

Maruti Suzuki could rally toward ₹16,900 in 2026 if EV execution and demand trends stay strong.

Disclaimer: This article is for informational purposes only. Please consult a SEBI-registered financial advisor before making any investment decisions.