In the past one month, the BSE Auto index has outperformed the market by soaring nearly 15 per cent, as compared to 1.4 per cent gain in BSE Sensex.
Apart from Nifty, 1 in every 4 stocks traded on NSE on Sept 4 recorded the day's high at open, and closed near the day's low; thus forming a 'Bearish Marubozu' candlestick pattern on the daily chart.
Auto stocks surged after the GST Council slashed tax rates across the automobile sector. Analysts at Emkay Global pick M&M, Maruti Suzuki, Hero MotoCorp as top auto stocks to buy
Suzuki is transferring more export production from Japan to India, as the role of the latter continues to increase in the company's global strategy
Maruti Suzuki India on Wednesday expanded its product range in the country with the launch of an all-new model 'Victoris' as it looks to enhance its presence in the robustly growing mid-sized SUV segment. The country's largest carmaker currently sells SUV models like Fronx, Brezza, Jimny and Grand Vitara in the domestic market. Speaking at the Victoris launch event here, Maruti Suzuki India MD and CEO Hisaschi Takeuchi said India has the largest youth population in the world, who will drive growth and become the company's current and future customers. "The Indian automobile industry is changing as a new set of customers is entering the market. They are the young generation and represent the new India. So, we thought, why not create a product that raises the bar in the SUV segment," he said. Takeuchi noted that the contribution of SUVs continues to go up in the company's overall sales. "Our SUV contribution to total sales has grown nearly threefold, rising from 8.9 per cent in FY 2
Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.
Domestic passenger vehicle sales dropped 7.3% in August to 330,000 units as buyers and automakers awaited GST Council reforms, with Maruti Suzuki and M&M reporting weaker volumes
Maruti Suzuki India on Monday said it has commenced shipment of its battery electric vehicle e VITARA, having dispatched over 2,900 units last month. The units were shipped from Gujarat's Pipavav Port to 12 European countries - the UK, Germany, Norway, France, Denmark, Switzerland, the Netherlands, Sweden, Hungary, Iceland, Austria, and Belgium. On August 26, Prime Minister Narendra Modi flagged off the first e VITARA from the Gujarat facility. The battery electric model is exclusively manufactured at Maruti Suzuki's Hansalpur manufacturing facility. "The start of export of e VITARA to Europe is indeed a proud and defining moment for us," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in a statement. The company plans to export the model to over 100 countries and will be sold in the domestic market as well. Maruti Suzuki's overall exports in August surged 40 per cent to 36,538 units compared to 26,003 units in the year-ago period.
Maruti Suzuki India on Monday reported a marginal dip in total sales to 1,80,683 units in August. The auto major sold a total of 1,81,782 units in the same month of the last year. Its total domestic passenger vehicle dispatches to dealers declined 8 per cent to 1,31,278 units from 1,43,075 units in the year-ago month, Maruti Suzuki India (MSI) said in a statement. The sale of mini segment cars, comprising Alto and S-Presso, declined to 6,853 units against 10,648 units in August 2024. Sales of compact cars, including Baleno, Dzire, Ignis and Swift, increased to 59,597 units from 58,051 units a year ago. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga and XL6, clocked sales of 54,043 units last month compared to 62,684 units in the year-ago period, a decline of 14 per cent. Sales of van Eeco were 10,785 units last month against 10,985 units in the year-ago month, while those of light commercial vehicle Super Carry stood at 2,772 units against 2,495 units a year earlier
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Maruti Suzuki launches its first EV SUV, e-Vitara, with global export focus. Analysts decode stock outlook, price targets, and growth strategy
MSIL Chairman R C Bhargava said India's EV growth is limited by the lack of cell manufacturing, high costs, and raw material dependence, as no company currently makes battery cells
Maruti stock at new high: In the past one month, the stock has outperformed the market by soaring 20 per cent.
Festival offers are already running with benefits between ₹1.5 lakh and ₹2 lakh on some models
Move likely to benefit smaller cars which have been under pressure
At the bourses, the consumption-driven theme has played out well thus far in FY26 with the Nifty India Consumption index rising nearly 11 per cent as compared to around 5 per cent rise in Nifty 50
Stocks such as Maruti Suzuki, TVS Motor, Blue Star, Johnson Controls and JK Cement can rally up to 26% as the government plans 2-tier GST reforms ahead of Diwali 2025.
Indian unit of Japan's Suzuki Motor Corp plans to launch a new SUV on Sept 3 and hopes it will double its sales in the segment
With Rakshabandhan and Ganesh Chaturthi falling during the month, the discounts are almost at a similar level as compared to last year
Nifty PSU Bank, Nifty Private Bank and Nifty Bank index have outperformed the market,down in the range of 0.09 per cent to 0.25 per cent.