Page 7 - Maruti Suzuki Auto

Maruti eyes doubling SUV sales in FY24; aims top position with 25% share

The country's largest car maker Maruti Suzuki India aims to more than double its SUV sales this year and take the leadership position in the fast-growing segment with a market share of over 25 per cent, according to a senior company official. The auto major sold 2.02 lakh sports utility vehicles (SUVs) last financial year with a market share of around 13 per cent. In the current fiscal year, the company aims to sell around 5 lakh units. The SUV segment is currently the fastest-growing vertical in the domestic passenger vehicle industry. The SUV contribution to the overall passenger vehicle market has grown from 24 per cent in 2018 to 43 per cent in 2022. In an interaction with PTI, Maruti Suzuki India Senior Executive Officer (Sales & Marketing) Shashank Srivastava said the doubling of the market share in the SUV segment would also help the company in its bid to again surpass the 50 per cent market share mark in the domestic passenger vehicle industry. "This fiscal year we expect

Maruti Suzuki crosses 2.5 cr cumulative sales mark: Suzuki Motor Corp

Japanese auto major Suzuki Motor Corporation on Monday said its subsidiary Maruti Suzuki India has crossed 2.5 crore domestic sales milestone earlier this month. Maruti Suzuki India achieved the sales mark on January 9, 2023. Suzuki signed a joint venture agreement with Maruti Udyog, the predecessor of Maruti Suzuki in 1982 and rolled out its first car -- Maruti 800 -- in December 1983. Currently, 17 models are produced and sold in India, and Maruti Suzuki is strengthening its portfolio in the recently growing SUV models while also making efforts in popularising hybrid and CNG models, Suzuki Motor Corporation said in a statement. The cumulative sales of hybrid and CNG models is around 21 lakh units, it added. "Maruti Suzuki will continue to provide products marked with safety, high reliability, and eco-friendliness, and contribute to sustainable development of the automobile industry," the Japanese auto maker noted. Maruti Suzuki India achieved one crore sales mark in February 20

Maruti to use cow dung to produce biogas for sustainable mobility solutions

Suzuki is planning to develop CNG automotive solutions around biogas in India and export it to other farming regions, including Africa, Asean, and Japan, the company said in a global presentation

Stocks to Watch: Adani Group, Tata Motors, Dr.Reddy's, DLF, Airtel, IGL

Stocks to Watch: Adani Enterprises FPO and Earthstahl & Alloys IPO opens for subscription on Friday. Shares of Adani Group companies also likely to be in focus amid the Hindenburg controversy.

TaMo, Maruti Suzuki: Auto stocks in tight spot amid diverse December sales

In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki

Expect substantial increase in SUV market share this fiscal: Maruti Suzuki

Maruti Suzuki expects substantial increase in its market share in the sports utility vehicle (SUV) segment this fiscal with the new Brezza and Grand Vitara receiving robust response, according to a senior company official. The auto major also plans to introduce more models in the SUV segment in the remaining part of the financial year. "In July we were at 7.1 per cent (market share) in the SUV segment...it increased to 10.8 per cent in August, 13.01 per cent in September and 14.4 per cent in October. So it is showing an increasing trend," Maruti Suzuki India (MSI) Senior Executive Officer Marketing & Sales Shashank Srivastava told PTI in an interaction. He noted that the market share would have increased further if the company had not faced supply issues with Brezza last month. "I would not like to project a going forward figure but can safely say that we are expecting a good increase (in market share) this fiscal as we expect to launch a few more SUVs," Srivastava said. He noted

Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks

Revenue and net profit both were ahead of consensus estimates

Samsung India reports 10% jump in FY22 revenues from ops to Rs 85,324 cr

In FY22, the South Korean company's overall revenue in India, including other income, increased by 10% to Rs 85,324 crore

Top cars to be launched in India this Sept, just ahead of festive season

From Hyundai Motors to Maruti Suzuki and Toyota, all major market players will be ramping up their SUV offerings, giving consumers a variety of options

Maruti Suzuki's initial EVs will be in upper segment: R C Bhargava

Maruti Suzuki is creating infrastructure in India to assist its EV manufacturing

PM Modi to initiate event celebrating Suzuki's 40 years in India on Aug 28

PM Modi will lay foundation stone of two key projects in Gujarat's Gandhinagar, said the Prime Minister's Office

Maruti recalls 166 Dzire Tour S sedans over possible defects in ACUs

"The recall is being undertaken to replace ACUs, free of cost, in these vehicles," the company noted in a statement to BSE

Maruti Alto K10 2022 Launched: Timing, prices, specs and highlights

Maruti Suzuki Alto K10 launched in India at 11.30 am today. Read the key features, expected prices, specifications, and everything about the highest-selling brand in India

Maruti Suzuki to launch new Alto K10 on Thursday; check design, features

After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.

Stocks to Watch: Banks, Tata Motors, Airtel, Maruti, IDBI, Adani group

Stocks to Watch today: Tata Motors signed the biggest-ever EV fleet order in India with the largest fully-electric ride-hailing service firm - BluSmart Mobility for delivering 10,000 Xpres-T EVs.

Here's why Mehul Kothari is bullish on Maruti Suzuki, NOCIL

According to the technical analyst from Anand Rathi, Maruti is witnessing a formation of double bottom near Rs 7,600 mark, while NOCIL has seen a breakout above Rs 265 level.

Setting up Maruti plant in will boost Haryana's auto industry: CM

Haryana Chief Minister Manohar Lal Khattar on Tuesday said that setting up Maruti's 3rd plant in Kharkhoda will give a boost to auto industry in state.In the past few years, Haryana has made rapid strides on several fronts including industrial development under the guidance and leadership of Chief Minister, Manohar Lal. Haryana Government is actively working towards making Haryana an industrial and automobile hub, read an official statement from Haryana government.The growth in automobile sector in Haryana can be gauged by the fact that Maruti is coming up with its 3rd plant in the state. Maruti Suzuki India Limited (MSIL)/ Suzuki Motorcycle India Private Limited (SMIPL) and Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) are all set to sign an agreement for the allotment of 800-acre & 100 acre land at IMT Kharkhoda, respectively, in a ceremony being organised on May 19, 2022 in the presence of Chief Minister Manohar Lal.This event would .

Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show

The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.

Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health

Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.

Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares

IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.