Page 5 - Maruti Suzuki Auto
Maruti Suzuki True Value crosses 5 million units sales of pre-owned cars
Maruti Suzuki India on Wednesday said its pre-owned car business has crossed 50 lakh-unit sales milestone since inception. The company had introduced its pre-owned car brand, Maruti Suzuki True Value in 2001. "With the successful completion of 22 years in the industry, India's most trusted pre-owned car brand, Maruti Suzuki True Value has established itself as the preferred choice of 50 lakh happy customers," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Shashank Srivastava said in a statement. True Value is currently present in more than 281 cities and operates from over 560 outlets pan-India.
 "Maruti Suzuki True Value crosses 5 million units sales of pre-owned cars")
With 8 products in top-10 best-selling cars, Maruti continues to dominate
Maruti's compact SUV, Vitara Brezza has posted a 70 per cent growth in its sales with numbers reaching 16,643 units in July 2023 compared to 9,709 units sold in July 2022
Maruti Suzuki Q1FY24 results: Net profit up 145% YoY, revenue up 22%
The company approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG)
 "Maruti Suzuki Q1FY24 results: Net profit up 145% YoY, revenue up 22%")
Maruti Suzuki to recall 87,599 vehicles to fix manufacturing defect
The vehicles include Maruti's small hatchback S-Presso and affordable MPV Eeco
 "Maruti Suzuki to recall 87,599 vehicles to fix manufacturing defect")
Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam
Two-wheeler sales registered a slight jump of 1.68% as the sales touched 1,330,826 in June 2023, compared to 1,308,764 in June 2022
 "Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam")
More than budget carmaker: Maruti leads Rs 10-20 lakh segment at 23% share
Maruti Suzuki has been pushing for sales in the premium segment via its Nexa outlets as it looks to secure improved profitability, better margins and high-income customers
 "More than budget carmaker: Maruti leads Rs 10-20 lakh segment at 23% share")
TMS Ep471: Inflation, Maruti-Toyota, bank consolidation, Kashmiri saffron
Will tomato prices sour RBI's fight against inflation? Is Maruti getting dependent on Toyota? Will HDFC merger trigger consolidation among PSU banks? Why's Kashmiri saffron so expensive? Answers here
 "TMS Ep471: Inflation, Maruti-Toyota, bank consolidation, Kashmiri saffron")
Maruti takes an offensive stance in EV space, to launch 6 EVs by 2030-31
So far, Maruti Suzuki has shown little interest in launching electric powertrain vehicles and has advocated hybrid and CNG technology as better alternatives
As automakers milk price-hike benefits, employees get handsome appraisals
The average salary hike at Maruti Suzuki this year is 14-15 per cent
 "As automakers milk price-hike benefits, employees get handsome appraisals")
Maruti Suzuki launches its multi-purpose vehicle Invicto at Rs 24.79 lakh
The company has launched Invicto in three variants and expects the model to further strengthen its presence in the overall MPV segment where it commands around 50% market share already
 "Maruti Suzuki launches its multi-purpose vehicle Invicto at Rs 24.79 lakh")
Maruti Suzuki production declines 5% YoY in June 2023, SUV production up
Maruti's sedan Ciaz also registered a 77 per cent jump in production numbers from 1,519 units in June 2022 to 2,694 units in June 2023
 "Maruti Suzuki production declines 5% YoY in June 2023, SUV production up")
Mahindra's 5-door Thar to be launched in South Africa on Aug 15; details
Operating in South Africa since 1996, M&M has registered a recent spike in sales in the country
 "Mahindra's 5-door Thar to be launched in South Africa on Aug 15; details")
Stock of this auto ancillary company has zoomed over 60% so far in June
Shares of Jay Bharat Maruti hit a fresh 52-week high of Rs 269.25, as they rallied 4% on the BSE in Tuesday's intra-day trade in an otherwise a weak market.
 "Stock of this auto ancillary company has zoomed over 60% so far in June")
Maruti's order book: 386,000 pending deliveries, 3-4 months waiting period
The company has the largest pending bookings for its best-selling MPV, Ertiga for which it has 85,000 pending orders
 "Maruti's order book: 386,000 pending deliveries, 3-4 months waiting period")
Bookings begin for Maruti Suzuki MPV Invicto at Rs 25,000; launch on July 5
This is Maruti's own version of the Toyota Innova, the best-selling premium multi-purpose vehicle (MPV) in the country
Maruti sitting on 100,000 plus pending deliveries as MPV market expands
The challenge is more pronounced for the CNG variants of these vehicles
 "Maruti sitting on 100,000 plus pending deliveries as MPV market expands")
Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23
Maruti launched several vehicles in this segment last year. It now has popular offerings like the Grand Vitara, Brezza, and XL6 in its product lineup catering to this market segment
 "Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23")
With 'Invicto', Maruti set to drive into Rs 20+ lakh segment for first time
New MPV, to be launched next month, will be sister model of Toyota's Hycross
 "With 'Invicto', Maruti set to drive into Rs 20+ lakh segment for first time")
Maruti to launch its new MPV 'Invicto' next month: What we know so far
Toyota and Suzuki have agreed to leverage each other's products to multiply their sales
Robust demand pushes passenger vehicle sales up 13.5% YoY in May: Siam
Total vehicle dispatches across categories were at 1,808,686 units in May 23, Siam data shows
