Maruti Suzuki, based in New Delhi, reported record quarterly net sales of ₹50,078.70 crore for the January-March 2023 period, marking a 29% increase from ₹38,839.1 crore in the same quarter last year. Despite this impressive sales growth, the company's net profit fell by 7% to ₹3,590.5 crore, primarily due to rising commodity costs and mark-to-market impacts. Analysts had anticipated a profit growth of 10% to ₹4,086 crore. The company achieved an all-time high operating profit of ₹4,409.2 crore, reflecting a 30% year-on-year increase. Maruti Suzuki sold a record 676,209 units, with domestic sales reaching 538,994 units and exports hitting an all-time high of 137,215 units. The chairman, R C Bhargava, noted that production capacity limitations resulted in approximately 190,000 pending customer orders. To address this, Maruti Suzuki has allocated ₹14,000 crore for capacity expansion in Haryana and Gujarat, aiming to add 500,000 units of production capacity. The company plans to introduce new products across various GST segments to cater to a diverse customer base. Despite concerns over rising commodity costs due to geopolitical tensions, Maruti Suzuki does not foresee major disruptions in operations.