Maruti Suzuki India Plans Up to 700 NEXA Studio Outlets by 2030-31

Maruti Suzuki India plans to expand its small format premium retail chain, NEXA Studio, to 600-700 outlets by 2030-31, targeting growth in non-urban areas. Currently, NEXA Studio contributes 8-10% of the NEXA channel's sales, which accounts for 40% of the company's total sales. The company aims for NEXA Studio to generate 25-30% of NEXA sales by 2030-31, offering premium experiences including EV charging, supporting its electric vehicle rollout in smaller towns.