Maruti And Mahindra Close To Beating Volkswagen And Ford: Here's How
Anand Mahindra recently re-shared a post on X (previously Twitter), that’s now gathering massive attention online. It shows an infographic listing out 12 biggest car companies in the world. Mahindra has ranked at the 12th spot in this list. Before we talk more about this, let us make one thing clear- these rankings are based on market capitalization (market cap). Mahindra and Maruti Suzuki are close to beating global giants like Volkswagen and Ford with their market capitalization.
These rankings appear to be based on data from Tradingview, a global charting platform used by over 100 million traders and investors. It shows the market cap of 12 different car companies as of March 25, 2026, in US dollars.
If you are new to the term, market capitalization (or market cap) is the total market value of a company’s shares. It measures the company’s size and worth, and is calculated by multiplying the current share price by the total number of shares. It is a key indicator for investors to assess risk, stability, and potential return.
According to the infographic shared by the chairman, Mahindra has a market capitalization of 40 Billion USD. Maruti Suzuki has $42.5 billion. They take the 12th and 11th spots respectively. Ford Motor Company has a market cap of $46.6 billion while Volkswagen has $50.4 billion. These numbers show Mahindra and Maruti Suzuki closing in on the much-bigger Ford and Volkswagen in terms of market cap.
At the top three spots are Tesla, Toyota and BYD with market caps of $1448 billion, $274.9 billion and $139.2 billion respectively.
Sharing the infographic with his followers, Anand Mahindra said that the company achieved a record level of sales in the recent term, and the team is ‘truly gratified’ to see Mahindra being part of this list. He seems to be optimistic about the future. More importantly, the chairman recollected how industry observers ‘wrote obituary’ to the company, thirty years ago. He also thanked customers for getting the company to ‘this point’.
Users have been actively interacting with the post and showing up with comments and congratulatory remarks. “Numbers are great, but the trust you've built with Indian drivers is the real win. Watching Mahindra climb this global ranking is a proud moment for 'Make in India.' Keep soaring!”- commented one. He seems to have a strong point. Trust and customer confidence matter more than anything else in the automotive business. Mahindra has been able to achieve it in the past few decades.
Mahindra has had a big transformation in the last five years, after Anish Shah took over as the Group CEO and managing director in April 2021. Shah was the first non-family professional to helm the brand. Through clarity, discipline, and a sharp focus on purpose-led growth, Shah steered the brand through the tough Covid times, into growth and profitability.
In the past five years, Mahindra’s shareholder value has gone up significantly and market capitalisation has expanded nearly 14 times between April 2020 and December 2025. The company’s share prices even touched an all-time high of Rs 3840, overtaking majors like Tata Motors and Hyundai.
Under Shah, the profit after tax (PAT) surged to Rs 12,929 crores in financial year 2025. Revenues rose to over Rs 1,59,211 crores. On the product side, the focus on SUVs was intensified. The philosophy was to focus on one core area and do it exceptionally well, before moving to the next.
Delivering quality is another thing which the leadership was very particular about. Products like the Mahindra XUV 700 (and the current 7XO) is a good example. It helped in repositioning Mahindra as a company that makes sophisticated, well-engineered vehicles than one that produces rugged, rural-focussed vehicles. The transition to a ‘lifestyle brand’ also happened under Shah.
The Group has also invested heavily in future-facing segments like electric vehicles and now has a strong foothold in the EV space. The vision seems to be long-term growth. The tractor and farm equipment vertical has also delivered strong performance in recent times. The commercial vehicle sector has also been doing well.