Page 11 - Maruti Suzuki India

Maruti Suzuki to set up second JIM in Haryana, boosting skills training

Maruti Suzuki India (MSI) on Friday said it has inked a pact with the Haryana government to set up second Japan-India Institute for Manufacturing (JIM) in the state. The new institute would come up at Kansala in Rohtak, Haryana and will be operational next year. Spread over five acres, the existing ITI Kansala will be upgraded to a JIM with an investment of 5.8 crore, the auto major said in a statement. The Haryana government has provided the land and building for the JIM, Kansala, while the company will provide equipment, training modules, trained teachers, and will manage this institute for 15 years, it added. "The Indian passenger vehicle industry is now world's third largest and growing. It is our responsibility to prepare human capacity corresponding to manufacturing capacity to meet this growth," MSI Executive Director Corporate Affairs Rahul Bharti stated. Skilling youth with industry ready skills will help in realising the vision of an Atmanirbhar Bharat, he added. MSI ..

Maruti Suzuki's 2024 launches: Know about new cars, prices, specs, and more

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

Maruti's first EV with a range of 550 km set to be launched by March 2025

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

Suzuki Motor Gujarat unit crosses 3 mn cumulative production milestone

Maruti Suzuki India (MSI) on Wednesday said its Gujarat-based unit has crossed 30 lakh cumulative production milestone. Suzuki Motor Gujarat (SMG) has surpassed the milestone within a span of around 6 years and 11 months since commencing operations in February 2017, MSI said in a statement. SMG has an annual production capacity of 7.5 lakh units and the vehicles manufactured at the plant are sold in both domestic as well as export markets. "With the acquisition of Suzuki Motor Gujarat, we are further enhancing our production flexibility. The production of our battery electric vehicles will also be undertaken at the Gujarat plant and is expected to start in FY 2024-25," MSI MD and CEO Hisashi Takeuchi stated. Currently, the facility rolls out some of the popular models like Swift, Baleno, Dzire and Fronx. Around 50 per cent of the vehicles manufactured at SMG in 2022-23, were exported to global markets, Takeuchi noted. MSI board recently approved the acquisition of SMG from Suzuki

After Audi, Maruti Suzuki to hike prices of its cars from January 2024

Maruti Suzuki, India's largest carmaker, did not mention the quantum of price hike

Suzuki Motor's stake in Maruti Suzuki to rise to 58.19% from 56.48%

The board of Maruti Suzuki approved the allotment of 12,322,514 equity shares to Suzuki having a face value of Rs 5 each at a price of Rs 10,420.85 per equity share

Suzuki to introduce three-cylinder engines: Why is this a big deal?

Suzuki has continued with its four-cylinder engines at a time when most carmakers have shifted to three-cylinder units

Festival season momentum lights up domestic PV sales, GST collection

PV sales climb new peak for 3rd straight month; GST mop-up at Rs 1.72 trn

Maruti Suzuki records highest-ever monthly sale; sells 199,217 units in Oct

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

Market share and margins to take the wheel for Maruti Suzuki India

Volume trajectory to hit the accelerator powered by festival season sales

Sensex up 635 pts, Nifty near 19,050: Reasons behind market rally on Friday

Stock market highlights: JP Morgan, on Friday, upgraded India to 'Overweight' from 'Neutral' and recommended investors to use the near-term correction as an opportunity to add

Maruti Suzuki Q2 profit jumps 80% to Rs 3,717 cr driven by better sales

The company sold 5,52,055 vehicles during the quarter as compared to 5,17,395 units in the second quarter of last year

Stocks to Watch today: RIL, Voda Idea, SBI, Adani, TTML, Jaiprakash Power

Stocks to Watch on Friday, October 27, 2023: Tata Sons, the holding company of the Tata group, will have to infuse an additional Rs 2,055 crore in its loss-making subsidiary Tata Teleservices

Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts

Maruti Suzuki India Q2 preview: At the bottomline level, analysts expect the company's standalone net profit to rise up to 66 per cent year-on-year

War cry for 50%: Maruti's rise to number 1 in SUVs is the result of rejig

Hatchbacks still constitute 30 per cent of the passenger vehicle market. The top three cars in India are still small cars: Swift, Baleno and WagonR. Incidentally, all three are Maruti models

TMS Ep541: Maruti expansion, India Inc restructuring, market, Nobel disease

What is Maruti's expansion plan all about? Why is India Inc riding a merger-demerger wave? Which 5G stock is a better bet - Jio or Airtel? What is 'Nobel disease'? All answers here

Maruti eyeing bigger pie of global car market, aims to 3X exports by 2030

Maruti Suzuki reported its best-ever exports which reached 259,333 units for the financial year 2022-23

Maruti Suzuki signs MoU with IDBI to provide dealer financing solutions

The country's largest car maker Maruti Suzuki India has signed an initial pact with IDBI Bank to offer financing solutions for dealers. The new alliance will empower over 4,000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital needs, the automaker said in a statement on Tuesday. A Memorandum of Understanding (MoU) has been signed with IDBI Bank in this regard. "We have worked closely with IDBI Bank in developing curated products and end-to-end working capital solutions for our dealer partners across the country," Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said. Dealer partners are the backbone of the company's business and the automaker is committed to supporting them in enhancing their capabilities to address the growing Indian passenger vehicle market, he added. "IDBI Bank's supply chain finance will provide easy access to working capital finance to the dealers of

Maruti Suzuki eyes higher growth, market share gains with expansion

The company is also looking at a higher share of SUV with higher average selling prices and realisations

Maruti cranks up capital expenditure with Rs 1.25 trillion 8-year plan

MSIL operates with a total production capacity of 2.25 million units annually, with the Gujarat plant contributing about 750,000 units per annum to this figure