Page 4 - Maruti Sukuzi

Nifty Auto hits 6-year low; Maruti tumbles 11%, Ashok Leyland plunges 19%

Post the coronavirus outbreak, the correction in the auto index is now closer to that witnessed during the 2008 Global Financial Crisis (GFC) period, said HDFC Securities

Maruti, Hyundai, Toyota see no impact of coronavirus on production so far

The companies, however, continue to monitor the situation closely, especially the operations of their major suppliers, in order to face any adverse situation that crops up in the future

Maruti Suzuki shifts gears, moves from hatchbacks to SUV-based models

The passenger vehicle maker is trying to position the facelifted Ignis as the perfect compact urban SUV model. Will buyers give the Ignis a second chance?

Maruti Sukuzi Q3 consolidated net profit rises 4% to Rs 1,587 crore

Sales in the domestic market stood at 4,13,698 units, a growth of 2% from the year-ago period. Exports were at 23,663 units, it said.

Top headlines: Bansal resigns as Ujjivan's director, Maruti Q3 profit rises

From Sachin Bansal resigning as independent director of Ujjivan Small Finance Bank to Maruti's Q3 results, here are the day's top headlines

Q3 preview: Automakers likely to post subdued sales, improved margins

As for the bottom-line, Sharekhan pegs net profit for the major automakers to drop by around 8 per cent while Prabhudas Lilladher expects a much larger 26 per cent dip

Maruti Suzuki India introduces BS VI compliant CELERIO (Petrol)

The revised Ex-showroom price in Delhi and NCR region shall vary from Rs. 4,41,200 to Rs. 5,67,300

Maruti Suzuki sells 500,000 units of BS-VI vehicles in 10 months

The country's largest carmaker Maruti Suzuki India on Wednesday said its BS-VI compliant vehicles have reached cumulative sales of 5 lakh units ahead of the implementation of stricter emission norms from April 1. The company is now offering ten models with BS-VI compliant petrol engines, Maruti Suzuki India Ltd (MSIL) said in a statement. "This achievement reaffirms the growth potential of new engines and technologies in India," MSIL Managing Director & CEO Kenichi Ayukawa said. He further said,"Early introduction of the BS-VI compliant engine in our popular models represents our commitment to the government's vision for clean and green environment." MSIL introduced its first BS-VI compliant petrol car in April 2019, a full year in advance from the mandatory deadline. The company's range of BS-VI compliant petrol models includes Alto, Eeco, S-Presso, Celerio, WagonR, Swift, Baleno, Dzire, Ertiga and XL6. "These contribute nearly 75 per cent of the company's petrol volumes," MSIL .

Top headlines: Maruti's car sales rise, astronauts for Gaganyaan, and more

Maruti said it sold 124,375 vehicles in the domestic market in December as compared to 121,479 vehicles sold in the same month last year

Auto shares edge higher; Maruti Suzuki gains 2% on BofAML upgrade

Bank of America Merrill Lynch upgraded Maruti Suzuki India's stock to 'buy' from 'neutral' and raised the target to Rs 8,650 from Rs 7,450 per share

Maruti's milestone: 20 millionth passenger vehicle sold in its 37th year

The country's largest car maker Maruti Suzuki India on Saturday said it has crossed milestone of 20 million passenger vehicle cumulative sales in the Indian market. The company accomplished this landmark number in less than 37 years of selling its first car on December 14,1983, when it first rolled out the iconic Maruti 800, Maruti Suzuki India (MSI) said in a statement. The company said while it crossed 10 million vehicle sales in nearly 29 years, the next 10 million passenger vehicles were sold in a record time of 8 years. Commenting on the milestone, MSI Managing Director & CEO Kenichi Ayukawa said, "We are overwhelmed with this new record. Achieving this milestone is a great accomplishment for Maruti Suzuki, as well as our suppliers and dealer partners". MSI said it has introduced factory fitted CNG vehicles as well as smart hybrid vehicles, in addition to eight BS6 models rolled out much ahead of the stipulated timelines. It along with its parent, Suzuki Motor Corporation, ..

BSVI emission norms: Toyota to phase out Etios, Liva by April 2020 in India

Mumbai, 21 NovemberThe Toyota Etios sedan, Etios Cross and Liva hatchback could hit the end of the road once the stringent BS-VI emission norms take effect from April.The high cost of switchover and low volumes have, aver informed souces, prompted Toyota Kirloskar Motor (TKM) to pull the plug on its mass segment models. Now on, Toyota is unlikely to make any model on its own for the mass segment here -- it might instead source from Suzuki's India subsidiary and re-badge these. A spokesperson at Maruti Suzuki India declined to comment. A spokesperson at TKM said the company would "refrain from commenting on the specifics as it pertains to future product plans". Adding that the company was "closely monitoring customer needs and trends" in trying to bring products suitable for the Indian market. In India, as part of the broader agreement between the two Japanese parent entities, Toyota sells the Suzuki Baleno as the rebadged Glanza. It plans to add to its line-up with the re-badged ...

WagonR, Santro fare poorly in Global NCAP crash test, score two stars

Mumbai, 31 OctoberThe entry-level variants of Made in India models from Maruti Suzuki, Hyundai Motor and Datsun score poorly in the latest round of crash testing conducted by Global NCAP (New Car Assessment Programme), a UK-based not-for-profit entity. It says there is ample scope for improving safety in these models. India has one of the largest number of road collisions in the world. The official count of accidents on the roads in 2018 was 461,000. That's an hourly average of about 53 or nearly one every second.While the WagonR and Ertiga received two stars and three stars out of five, respectively, the Santro and redi-GO got two and one star, respectively. The sixth round of the test, conducted as part of the 'Safer cars for India campaign' launched by Bloomberg Philanthropies and the FIA Foundation-backed GNCAP, chose the entry-level version of each model. As a result, only the Ertiga was fitted with at least two airbags as standard; the other models offered only a driver airbag. .

Maruti to stop production at Gurugram, Manesar plants for two days

The company will observe 'no production day' on September 7 and 9 at Gurugram and Manesar plants

Maruti recalls 40,618 units of WagonR to rectify fuel hose mechanism

The company is proactively and voluntarily undertaking a recall campaign for certain WagonR (1 litre) vehicles manufactured between November 15 2018 and August 12, 2019

Amid slowdown, carmakers' bet on new launches pays off to an extent

Carmakers launched as many as 14 new models between April and July 2019

Apr-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor India Ltd (HMIL) and Volkswagen India were the only two main manufacturers which saw production grow marginally during the period, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM). Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent, SIAM said. Market leader Maruti Suzuki India's (MSI) production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. Mahindra & Mahindra (M&M) also curtailed its production by 10.65 per cent at 80,679 units, while that of Ford India stood at 71,348 units, down 25.11 per cent from the year-ago period. Tata Motors' .

Lower demand, protectionist measures abroad may dent value creation: Maruti

The company, which has over 50 per cent market share in the passenger vehicle industry, has been impacted by sluggish offtake and has seen total sales drop 33.5 per cent in July at 1,09,264 units

Experts look at implications of CCI's probe into Maruti's discount practice

When CCI looks beyond agreements

Three Japanese directors resign from Maruti after poor Q1 results

Kazunari Yamaguchi, Kazuhiko Ayabe, and Toshiaki Hasuike have resigned from the board of the company with effect from July 26