Page 12 - Maruti Suzuki India

Industry needs to match govt steps taken in last 9 yrs: RC Bhargava

The government has taken several steps in the last nine years to resolve issues that were coming in the way of Indian industry and the latter needs to match what has been done, according to Maruti Suzuki India Chairman RC Bhargava. In order to grow faster and become globally competitive, the Indian industry also has to look at itself and see what could be done to improve overall efficiency, productivity and cost control, he told PTI. "The bigger opportunity for Indian industry has been created by what the government has been doing over the last nine-ten years. So many of the problems which are coming in the way of industry in the past have been resolved. Bhargava, however, acknowledged that there is much work to be done. He was responding to a query on what must the Indian industry do in order to cash in on the opportunity created by India's G20 Presidency. Bhargava further said, "I think Indian industry now needs to recognise that it cannot always keep blaming the government for

Suzuki ties up with NDDB, Banas Dairy to set up biogas production plants

Suzuki has said earlier that they have plans to develop CNG automotive solutions around biogas in India, and also export to other farming regions like Africa, Asean, Japan in the future

Maruti Suzuki reports highest ever monthly sales of 189,082 units in August

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.

Maurti Suzuki gains 3% to hit fresh lifetime high in a weak market

The stock of automobile major quoted higher for the fourth straight day, surging 6 per cent during the period

Maruti Suzuki India appoints Schneider's executive Arnab Roy as CFO

Roy to take charge as CFO from January 1, 2024

Safety ratings under Bharat NCAP to play significant role in buying cars

The move will prompt high-selling and even sub-Rs 10 lakh car models to get safety ratings, making the cars more expensive

Maruti Suzuki India to double car dispatch through rail in three years

In the last eight years, MSIL increased its car dispatches by five times. In FY15, the company had transported just 65,700 units by rail

Stocks to Watch today, Aug 18: Concord, Adani Group, JSW Steel, EKI Energy

Stocks to watch on August 18, 2023: The Rekha Jhunjhunwala backed IPO, Concord Biotech, is set to debut on the bourses today at 10-15 per cent premium to its issue price.

Maruti Suzuki India plans to open 57 new Nexa showrooms by March 2025

Nexa's share in the company's total volume sales has increased to 32 pc now from 11 pc in FY17

Strong market demand may return best-ever car sales this festive season

The festive season starts around August with Onam and Rakhshabandhan and concludes with Diwali in November

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 to issue preferential equity shares to Suzuki to buy Gujarat plant

MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal

Maruti okays share issuance on preferential basis to SMC for stake in SMG

Maruti Suzuki India on Tuesday said its board has approved issue of shares on preferential basis to Suzuki Motor Corporation (SMC) as consideration for the acquisition of 100 per cent stake in Suzuki Motor Gujarat. Post such acquisition, Suzuki Motor Gujarat (SMG) will become a wholly-owned subsidiary of the company, Maruti Suzuki India (MSI) said in a regulatory filing. "The Board approved the issue of MSI equity shares to SMC to pay for the SMG shares," it added. The total number of securities proposed to be issued to SMC as consideration for the acquisition of its 100 per cent stake in SMG, shall be decided in a subsequent board meeting, basis relevant valuation reports subject to and in compliance with the applicable regulatory and statutory framework, the auto major stated. MSI board, in its meeting held on July 31, 2023 had approved termination of the contract manufacturing agreement with SMG and acquiring its shares SMC at a price to be determined in accordance with all ...

TMS Ep489: Maruti acquisition, Mumbai property price, DVR, semiconductors

Why is Maruti buying its parent's unit in Gujarat? Why is buying a house costlier in Mumbai than in Dubai? Has fundraising via DVRs run its course? What is a semiconductor? All answers here

Buyout impact, margin worries likely to cap gains for Maruti Suzuki

Brokerages expect 3-4% hit to earnings per share for FY25

Maruti Suzuki sales up 3.2% to 181,360 vehicles in July, thanks to SUVs

Utility vehicles (UV) of Maruti Suzuki include Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, S-cross, and XL6

Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos

Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business

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 Q1 revenue likely to be flat QoQ; high RM costs may contract margins

On the bourses, shares of Maruti Suzuki surged 16 per cent so far this calendar year (CY23), as against a 9 per cent jump in the S&P BSE Sensex

Maruti Suzuki to recall 87,599 vehicles to fix manufacturing defect

The vehicles include Maruti's small hatchback S-Presso and affordable MPV Eeco