Maruti Suzuki price hike: The company's announcement followed as several automakers have announced that they will increase prices due to rising input costs and other factors
Maruti Suzuki India on Tuesday said it has increased prices of its entire model range with immediate effect. An estimated weighted average of increase across models is 0.45 per cent, the auto major said in a regulatory filing. This indicative figure is calculated using ex-showroom prices of models in Delhi and will come into effect from January 16, 2024, it added. Maruti Suzuki India (MSI) sells a range of cars starting from Alto to Invicto, priced between Rs 3.54-28.42 lakh (ex-showroom).
Japanese carmaker Suzuki Motor will invest 350 billion rupees ($4.21 billion) for a second car plant in India's Gujarat state, its president said on Wednesday at an investment summit in India
Despite the dip in December, Maruti Suzuki's compact segment continues to have the highest share in its total sales followed by utility vehicles and vans
In 2023, Maruti Suzuki launched the Baleno-based crossover, Fronx, Brezza's facelift, and an all-new Grand Vitara in the SUV space and grabbed more than 50% share of the segment
Maruti will also join the EV bandwagon with its first born-electric SUV, the eVX, which is slated to be launched in India towards the end of 2024
While Maruti Suzuki retains a dominant market share in the petrol-powered affordable cars segment, given the size and range of the vehicle, the eVX is unlikely to be as affordable as Tata's Tiago EV
The mid-sized sedan, Ciaz clocked just 278 units last month as compared to 1,554 units in November 2022
Maruti Suzuki, India's largest carmaker, did not mention the quantum of price hike
Suzuki has continued with its four-cylinder engines at a time when most carmakers have shifted to three-cylinder units
Carmakers are expecting sales of 4.10 to 4.17 mn cars this calendar year. This is 8-10% more than the sales registered in 2022, despite the high base of last year
Utility vehicle sales for the company stood at 59,147 units in October 2023 which was almost double the 30,971 units sold in October 2022
India's largest carmaker reported a 6.3 per cent year-on-year (Y-o-Y) increase in domestic passenger vehicle (PV) sales, at 482,731 units, in Q2 of FY24
The company reported 80.3% YoY jump in net profit to Rs 3,716.5 crore on account of higher net sales, softening of commodity prices, cost reduction efforts and higher non-operating income.
Auto sector in Pakistan has registered a huge decline in sales volumes from the latter half of 2022, thanks to the import restrictions imposed by SBP on the import of CKD kits of vehicles
Maruti Suzuki reported its best-ever exports which reached 259,333 units for the financial year 2022-23
He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect
In the passenger vehicles (PV) category, sales for Maruti Suzuki and Mahindra and Mahindra grew 16.4% and 25%, respectively, for the month compared to a year earlier
Maruti Suzuki India on Friday reported its highest-ever monthly wholesales at 1,89,082 units in August. The auto major's dispatches to dealers last month were 14 per cent higher as compared to 1,65,173 units in August. Total domestic passenger vehicle sales were at 1,56,114 units as against 1,34,166 units in the year-ago month, a growth of 16 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars, comprising Alto and S-Presso, declined to 12,209 units last month from 22,162 units in August 2022, it added. Dispatch of compact cars, including Baleno, Celerio, Dzire, Ignis and Swift rose to 72,451 units over 71,557 units in the year-ago period. Utility vehicles, consisting of Brezza, Grand Vitara, Jimny, Ertiga and XL6, clocked sales of 58,746 units last month as compared to 26,932 units in August last year. MSI said its exports last month stood at 24,614 units as against 21,481 units in the same month last year.
Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more 'India-first' models