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Maruti Suzuki India
Maruti Suzuki India plans to localise battery production and other critical components over the next few years as part of strengthening the overall EV ecosystem in the country. The company, which plans to launch its first electric vehicle - e VITARA in the domestic market next year, is looking to instill confidence in the buyers as it looks to strengthen the overall EV ecosystem. "Right now we are importing the batteries but yes we have a plan for localisation. It is very much on the cards in a phased manner over the next few years," Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee told reporters here. He noted that the electric vehicle penetration in India will grow only when the consumer has the confidence to buy it as a primary car in the household. "We believe that the customer is not confident (about EVs). The initial products that were launched, and the experiences from those, has created a huge amount of negativity in the minds of people ...
Maruti Suzuki India on Tuesday said it aims to drive in multiple electric models across bodystyles and set up charging infrastructure across the country as it looks to attain leadership in the segment. The auto major, which is gearing up to introduce its first electric vehicle model e Vitara next year, plans to set up around 1 lakh charging stations by 2030 in partnership with its dealer partners and charging point operators. "Aligning with our parent company, Suzuki Motor Corporation's vision, we will be launching many more electric vehicles across body types and segments in the coming years," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an event here. In line with this vision, by 2030, the company aims to establish a network of over 1 lakh charging points in partnership with dealers and charge point operators, he added. "We will be the leader in electric mobility in the country, and as a market leader, all our efforts will be to make EV adoption easier for all our ...
Maruti Suzuki India on Monday said the scheme of amalgamation with Suzuki Motor Gujarat has become effective from today. Consequent to the effectiveness of the scheme, there has been an increase in the authorised share capital of the company by an amount of Rs 15,000 crore crore the auto major said in a regulatory filing. "We would like to inform that the company has filed the certified copy of the order issued by the Hon'ble National Company Law Tribunal, sanctioning the Scheme of Amalgamation of Suzuki Motor Gujarat, a wholly owned subsidiary (SMG), into and with Maruti Suzuki India (MSI) with the Registrar of Companies, Delhi and accordingly, the scheme becomes effective from today December 1, 2025," it stated. The Appointed Date under the scheme is April 1, 2025 and as such, the amalgamation of SMG into and with MSI has been completed, it added. Maruti Suzuki shares were trading 0.15 per cent up at Rs 15,917.25 apiece on BSE.
Maruti Suzuki India on Friday said it has acquired around 8 per cent stake in technology-led startup Ravity Software Solutions, which specialises in providing connected mobility insights. The company has invested around Rs 2 crore in the startup for 7.84 per cent stake through Maruti Suzuki Innovation Fund. The auto major invests in startups through the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit high levels of innovation and potential to devise solutions relevant to the company's operations. This is the third investment under the fund with it having invested nearly Rs 2 crore each in Amlgo Labs in March 2024 and Sociograph Solutions in June 2022. "Startups are ideal partners as they bring agility, fresh thinking, and cutting-edge solutions, to support our goal of ensuring customer delight. Our investment in Ravity Software Solutions Private Limited will enable us to elevate customer experience through data-driven insight
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation, in which Suzuki Motor Gujarat is being merged with its parent entity, Maruti Suzuki India, the country's largest carmaker. A two-member bench of the Delhi-based Principal bench of NCLT has approved the joint petition filed by Suzuki Motor Gujarat Pvt Ltd (Transferor Company) and Maruti Suzuki India Ltd (Transferee Company) and proposed the appointed date for the scheme of amalgamation on April 1, 2025. Noting that the scheme is in the interest of both petitioner companies, their shareholders, creditors, employees, and all concerned, the tribunal said there appears to be no impediment in sanctioning the present scheme. It further observed that the Income Tax Department, which includes their Northern Region and Northwestern Region and the Official Liquidator, Ahmedabad, have filed their no further objections before this tribunal pertaining to the scheme being considered. Moreover, other statutory ...
Maruti Suzuki India is on track to export over 4 lakh vehicles this fiscal year, having already shipped more than two lakh units in the April-September period, according to a senior company executive. The country's largest carmaker has reported a 52 per cent year-on-year growth in exports to 42,204 units in September, compared to 27,728 units in the same month of the previous year. "In Q1, we exported about 1.10 lakh units, and in the first half (April-September), we have done over 2.07 lakh units. So, we are on track to achieve the 4 lakh unit forecast that we have given," Maruti Suzuki India Senior Executive Officer (Corporate Affairs) Rahul Bharti stated. He noted that the company's exports are more than double those of the nearest domestic competitor. "Normally, we talk about cutthroat competition. There are 18 players in the market...the exports of Maruti Suzuki are more than double our nearest exporter in the country," Bharti said. So, just like in the domestic sales, the ..