Maruti Suzuki India Ltd on Tuesday said it has entered into an alliance with Standard Chartered Bank for inventory funding for its dealers. The company has signed a Memorandum of Understanding (MoU) with Standard Chartered for inventory funding which will empower over 4,000 Maruti Suzuki sales outlets across the country, with comprehensive inventory funding options for their working capital requirements, Maruti Suzuki India said in a statement. "This partnership takes us a step towards further empowering our dealer partners, while the company continues to expand its market presence, as always. This strategic alliance will leverage the combined strengths of MSIL and Standard Chartered to offer comprehensive working capital solutions to our dealer partners," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Partho Banerjee said. The financing solution will support dealerships in enhancing their ability to manage inventory efficiently and deliver exceptional
At 02:47 PM; the BSE Auto index, the second largest gainer among sectoral indices, was up 2 per cent, as compared to 1.5 per cent rise in the BSE Sensex.
Japanese small car major Suzuki Motor Corporation on Monday said overall passenger vehicle wholesale in the Indian market is expected to grow around 1-2 per cent in 2025-26, with the company's arm Maruti Suzuki looking to outpace industry growth. The company which has earmarked total capital expenditures of 380 billion yen for 2025-26 said "investments in India will account for approximately 50 per cent" of it with plans to increase production capacity of passenger vehicles. On the outlook for FY2025-26 in India, Suzuki Motor Corporation (SMC) in an investor presentation said, "Although SUVs continue to be strong in the market, demand for compact cars continues to be sluggish, and the overall market for wholesale sales is expected to grow by (around) 1 to 2 per cent." It further said, "With the launch of two new SUVs, including the BEV e VITARA, our company plans to outpace market growth." In addition, the new Kharkhoda plant where it initiated production in February this year, wil
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Maruti Suzuki India on Thursday reported a 7 per cent increase in total sales to 1,79,791 units in April. The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month, it added. Sales of mini segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift and WagonR, rose to 61,591 units from 56,953 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,022 units last month compared to 56,553 units earlier. Sales of van Eeco stood at 11,438 units last month against 12,060 units in April last year, while that of light commercial vehicle Super Carry were 3,349 units compared to 2,496 units earlier. MSI said its exports last m
Former chairman and CEO of Japan's Suzuki Motor Corporation, Osamu Suzuki, was posthumously awarded the Padma Vibhushan
MSIL chairman R C Bhargava said that the larger part of the sales growth is being recorded in the rural market
Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26
Q4 FY25 company results today: Reliance Industries, Tata Tech, RBL Bank, Motilal Oswal Financial, and Poonawalla Fincorp will be among 37 firms to post earnings reports for the January-March quarter
The company is already India's biggest exporter of cars, and the e-Vitara key will be key to further boost its overseas shipments, which it plans to grow by 20% in the current fiscal year
The auto maker's net profit for the fourth quarter declined 4 per cent Y-o-Y to ₹3,711.1 crore
The company board of directors announced a final dividend of ₹135 per share, subject to approval of annual general meeting
Media report suggests President Donald Trump is considering possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.
Maruti Suzuki India on Tuesday reported a 3 per cent year-on-year increase in total sales at 1,92,984 units in March. The auto major sold a total of 1,87,196 units in the same month last year. Total domestic passenger vehicle dispatches to dealers were at 1,50,743 units compared to 1,52,718 units in the year-ago month, a dip of 1 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars, comprising Alto and S-Presso, declined marginally to 11,655 units against 11,829 units in March 2024. Sales of compact cars, including Baleno, Dzire, Ignis, and Swift also declined to 66,906 units from 69,844 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga and XL6, clocked sales of 61,097 units last month over 58,436 units earlier. Sales of van Eeco were at 10,409 units last month against 12,019 units in March last year, while that of light commercial vehicle Super Carry stood at 2,391 units over 3,612 units earlier. MSI said it
Technical charts suggest that the Nifty Auto index can potentially rise up to 11 per cent; Tata Motors which is oversold can bounce back up to 24 per cent from present levels. M&M, however, looks weak
MSIL's board currently comprises 11 members-five Indians and six Japanese. Among the Indian members, four are independent directors, while chairman R C Bhargava is the fifth
The new plant is likely to take the company's capacity in the region to 750,000 units per year by 2029
Maruti Suzuki revealed that there is no impact on financial, operation or other activities of the company due to this draft Assessment Order
The price increase is expected to be up to 4 per cent and will vary depending on the model. Some portion of the increased cost may need to be passed on to the market, as per the filing
Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra (M&M), and JSW MG Motor all announced price hikes this year to offset rising input costs