The Manesar rail facility will cut emissions and aid exports, while a similar siding is planned at Kharkhoda within 3-4 years as part of MSIL's green logistics push
Car market leader Maruti Suzuki India Ltd expects vehicle dispatches through railways to increase to 35 per cent by 2030-31, its Managing Director and CEO Hisashi Takeuchi said on Tuesday. The company, which inaugurated its second automobile in-plant railway siding at its Manesar facility, has increased vehicle dispatches through railways, from just around 5 per cent in FY 2014-15 to 24 per cent last year, he said while addressing the event here. The automobile in-plant railway siding at Manesar plant is India's largest GatiShakti multi-modal cargo terminal. "Maruti Suzuki pioneered the use of railways for vehicle dispatches over a decade ago by becoming the first company to obtain the automobile-freight-train-operator license in India, and since then, we have dispatched over twenty-five lakh passenger vehicles using railways," Takeuchi said. In March 2024, the automaker became the first automobile company to establish an in-plant railway siding in its Gujarat manufacturing plant.
Automaker says situation is 'uncertain and evolving' amid report that it has made e-Vitara production cuts
Maruti Suzuki and Hyundai Motor India expect healthy growth in overseas shipments in the current fiscal year amid challenging business environment in the domestic market. Hyundai Motor India is looking at single-digit volume growth in its exports in the current fiscal year, while Maruti Suzuki is bullish to achieve around 20 per cent volume growth in its overseas shipments. "We are aiming to become Hyundai's largest export hub outside South Korea. We aspire to continue our growth trajectory in exports in the coming years," Hyundai Motor India Managing Director Unsoo Kim told analysts during a call. Exports have gained strong momentum in recent months, and the automaker aims to sustain this trajectory going forward, he added. "For FY26, we anticipate the growth in export volumes to be around 7-8 per cent, supported by robust demand for our products in the emerging markets," Kim stated. Hyundai Motor India exported 1,63,386 vehicles in FY25 as compared with 1,63,155 units in ...
The pilot scheme in three cities offers low EMI of around Rs 9,999 and guaranteed buyback after five years to make SUV ownership affordable and accessible for small car owners
Rail dispatches accounted for 24.3 per cent of the company's total vehicle dispatches in FY25, up from 21.5 per cent in FY24
Maruti Suzuki India on Thursday said it has dispatched 5.18 lakh vehicles through Indian Railways in FY 2024-25, its highest-ever. Around 24 lakh vehicles have been dispatched cumulatively through the Indian Railways since FY 2014-15, the car market leader said in a statement. The automaker currently dispatches vehicles to more than 20 hubs through Indian Railways, from where over 600 cities across India are served, it stated. Port locations of Mundra and Pipavav, used by the company for exports, are also served using railways, it added. "Reducing carbon emissions is a top priority for us, both in our products and in our operations," Maruti Suzuki India MD & CEO Hisashi Takeuchi said. Maruti Suzuki was the first company in India to obtain an automobile-freight-train-operator license, in 2013, he added. "Since then, we have dispatched nearly 24 lakh vehicles through rail mode. By FY 2030-31, we plan to increase the share of vehicle dispatches through railways to 35 per cent," ...
Maruti Suzuki India on Wednesday said it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY2030-31. The car market leader announced the expansion of its solar capacity by 30MWp with two new projects. The company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, the company's solar capacity across its locations has enhanced from 49MWp to 79MWp in the last one year, Maruti Suzuki India (MSI) said in a statement. "Aligned with our parent company, Suzuki Motor Corporation's Environment Vision 2050 and the Government of India's focus on renewable energy, we are systematically enhancing the use of renewable energy in our operations," MSI MD and CEO Hisashi Takeuchi stated. By FY2030- 31, Maruti Suzuki plans to reach 319MWp of solar capacity, backed by an investment of over Rs 925 crore, he added. Through sustained efforts, the shar
Auto industry manufacturers told government officials last week that production could stall within days due to the curbs
Maruti Suzuki India on Monday reported 3 per cent year-on-year increase in total sales at 1,80,077 units in May. The country's largest carmaker sold a total of 1,74,551 units in May 2024. Total domestic passenger vehicle dispatches to dealers stood at 1,35,962 units last month as compared with 1,44,002 units in the year-ago period, a dip of 6 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars Alto and S-Presso declined to 6,776 units as against 9,902 units in the same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 61,502 units as compared to 68,206 units in May 2024. Utility vehicles Grand Vitara, Brezza, Ertiga, XL6, Jimny clocked sales of 54,899 units last month as compared with 54,204 units earlier. Sales of Eeco van were at 12,327 units as against 10,960 units. Light commercial vehicle Super Carry sales stood at 2,728 units as against 2,692 units earlier. MSI said its exports
The new Haryana plant will produce 750,000 two-wheelers annually and is part of Suzuki's growth strategy for rising demand, localisation, and sustainability goals
Japanese small car major Suzuki Motor Corporation on Monday said overall passenger vehicle wholesale in the Indian market is expected to grow around 1-2 per cent in 2025-26, with the company's arm Maruti Suzuki looking to outpace industry growth. The company which has earmarked total capital expenditures of 380 billion yen for 2025-26 said "investments in India will account for approximately 50 per cent" of it with plans to increase production capacity of passenger vehicles. On the outlook for FY2025-26 in India, Suzuki Motor Corporation (SMC) in an investor presentation said, "Although SUVs continue to be strong in the market, demand for compact cars continues to be sluggish, and the overall market for wholesale sales is expected to grow by (around) 1 to 2 per cent." It further said, "With the launch of two new SUVs, including the BEV e VITARA, our company plans to outpace market growth." In addition, the new Kharkhoda plant where it initiated production in February this year, wil
In FY26, Maruti Suzuki India plans to introduce 2 new sports SUVS. The e-Vitara battery electric vehicle (BEV) will be the first, and 2nd will be a 7-seater. Sales in India will begin in Sept 2025
MSIL chairman R C Bhargava said that the larger part of the sales growth is being recorded in the rural market
Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26
The company board of directors announced a final dividend of ₹135 per share, subject to approval of annual general meeting
Suzuki Motor Corporation and Maruti Suzuki India Ltd on Wednesday announced a proposal to set up Osamu Suzuki Centre of Excellence in India in honour of late Osamu Suzuki, the former chairman of the Japanese small car major. The Osamu Suzuki Centre of Excellence (OSCOE) is proposed to be located in Gujarat and Haryana, and will work towards supporting the national objective of high manufacturing growth and raising the standard of component manufacturers (across tier-1, 2 & 3) to make supply chains of the country globally competitive, Maruti Suzuki India said in statement. It will also work to build infrastructure and develop programmes in collaboration with academia and others to propagate Japanese manufacturing philosophy, the statement added. "The programme would include, but not limited to formal teaching, lectures, discussions, seminars etc. Importantly, the efforts of OSCOE would go beyond the automotive sector to other areas of manufacturing," it added. The announcement to ..
The key focus during Maruti Suzuki's Q4FY25 results, analysts believe, will be the demand outlook and new product timeline
Rising input costs to meet mandatory safety requirements as well as growing consumer preference for features such as six airbags in all variants are making carmakers increase prices despite sluggish demand, according to industry players. Marker leader Maruti Suzuki India on Wednesday announced that it will increase prices of various models by Rs 2,500-62,000, from April 8, the second hike this year after increasing by up to Rs 32,500 across various models from February 1. Similarly, BMW Group India has already increased by 3 per cent on select models from this month. Hyundai, Tata Motors, Kia India and Honda Cars have also announced plans to hike vehicle prices starting in April. "The price increase is purely on account of input costs of regulatory changes and that too a partial passing on of such costs," a spokesperson of Maruti Suzuki India said when asked why the company is hiking prices at a time when the overall passenger vehicle market is sluggish. BMW Group India President
Maruti Suzuki India on Tuesday reported a 3 per cent year-on-year increase in total sales at 1,92,984 units in March. The auto major sold a total of 1,87,196 units in the same month last year. Total domestic passenger vehicle dispatches to dealers were at 1,50,743 units compared to 1,52,718 units in the year-ago month, a dip of 1 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars, comprising Alto and S-Presso, declined marginally to 11,655 units against 11,829 units in March 2024. Sales of compact cars, including Baleno, Dzire, Ignis, and Swift also declined to 66,906 units from 69,844 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga and XL6, clocked sales of 61,097 units last month over 58,436 units earlier. Sales of van Eeco were at 10,409 units last month against 12,019 units in March last year, while that of light commercial vehicle Super Carry stood at 2,391 units over 3,612 units earlier. MSI said it