Page 13 - Maruti Suzuki India

Manufacturing companies opt for flexible work rules in post-coronavirus era

Deloitte's India Benefits Report 2023 findings reported that one-third of about 80 manufacturing firms have changed their policies to enable hybrid working arrangements post Covid-19

Indian Army places order for 1,850 Scorpio Classics to replace Gypsy

The new batch of Scorpio Classic SUVs being sold to the Indian Army are painted in a shade of green and come fitted with five-spoke silver alloy wheels, fog lamps, side steps, and roof rails

With 1,800 bookings per day, Exter's waiting period goes up to 12 weeks

The Exter comes with many segment-first features which include a voice-enabled sunroof, dashcam, and six airbags across all the variants

Toyota Rumion, Ertiga-based MPV to be launched in India by September

This will be Toyota's third product from Maruti Suzuki in India after Urban Cruiser and Glanza which are inspired by Maruti's Brezza and Baleno, respectively

Maruti Suzuki looking to replicate diesel engine frugality with hybrid, CNG

Maruti Suzuki has clarified that it will not get into diesel vehicles and instead focus on developing and introducing CNG and strong hybrid vehicles

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

Maruti Suzuki hopes to deliver more cars to customers this festive season

Maruti Suzuki expects to keep growing faster than the domestic passenger vehicle industry riding on the back of strong demand for its models especially the SUV range, according to a senior company executive. The auto major anticipates the overall passenger vehicle market to grow in the range of 5-7 per cent this fiscal. In an interaction with PTI, Maruti Suzuki India (MSI) Senior Executive Officer (Marketing and Sales) Shashank Srivastava said the PV industry is expected to close the current fiscal at 40.5-41.3 lakh units. "We have not revised our estimates which we had made at the beginning of the year. We said the industry growth would be in the 5-7 per cent range and our growth should be higher than the industry," Srivastava said. He noted that in the first quarter, the company grew by 12.2 per cent while the industry grew by around 9.5 per cent. Srivastava said that the demand remains fairly robust so far in the fiscal with the April-June period turning out to be the best quar

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

Maruti Suzuki expects to double its revenues by FY31: CEO Takeuchi

Maruti had a consolidated turnover of Rs 90,074 crore in FY22.

Maruti shares climb nearly 4%, market valuation up by Rs 10,519.95 cr

Shares of Maruti Suzuki India were in the limelight on Wednesday, climbing nearly 4 per cent, taking its market valuation higher by Rs 10,519.95 crore. The stock rallied 3.61 per cent to settle at Rs 9,994.50 apiece on the BSE. During the day, it jumped 4 per cent to its 52-week high of Rs 10,036.70. On the NSE, it moved up by 3.55 per cent to end at Rs 9,990.10 per piece. During the day, shares of the carmaker advanced 4 per cent to reach its 52-week high of Rs 10,036.95. The stock was the biggest gainer among the Sensex firms. The company's market valuation climbed Rs 10,519.95 crore to Rs 3,01,913.92 crore on the BSE in-line with a surge in its share price. Maruti Suzuki India (MSI) on Wednesday launched the new Invicto at introductory prices ranging from Rs 24.8-Rs 28.4 lakh as it looks to gain a foothold in the premium three-row multi-purpose vehicle segment. The company is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with pa

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

Looking to double turnover to Rs 1.68 trn by 2030-31: Maruti Suzuki CEO

Maruti Suzuki India is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with parent Suzuki Motor Corporation's global growth strategy, company Managing Director and CEO Hisashi Takeuchi said on Wednesday. The company expects India to "play a very big role" in Suzuki Motor Corporation's goal to achieve a global turnover of Rs 4.32 lakh crore in FY30-31, which would be exactly double the turnover of Rs 2.16 lakh crore achieved in FY21-22, he said. "Yes, of course" because we would like to make our volume double the size, Takeuchi said when asked if Maruti Suzuki India was also looking to double its turnover like its parent Suzuki. He said, "We will invest for production facility, we will invest for human resources so that we will be able to handle such a big volume by 2030. So that is our plan." Maruti Suzuki India had clocked net sales of Rs 83,798 crore in 2021-22. Takeuchi was speaking at the sidelines of the company's launch of premiu

Maruti Suzuki Invicto set to launch today, check price, features and more

Maruti Suzuki is set to launch its premium MPV, Invicto, today, on its official youtube channel Nexa Experience. The expected price of the Maruti Suzuki Invicto is Rs 19 lakh (ex-showroom)

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

PVs make up just 16% of the Indian auto sector in volume, but 58% in value

India saw passenger vehicle sales worth $63 billion in the financial year 2022-23

Five-door Jimny to be launched in Australia with ADAS features as standard

This is because of the prevailing regulations in Australia that mandate all new cars to have Autonomous Emergency Braking (AEB) which is a feature counted as ADAS

Passenger car sales to cross two-million milestone in first half of 2023

If the pace of growth in dispatches sustains through the second half, India could become the third-largest car market in the world in 2023

With Kia Seltos facelift in sight, dealers offer discounts to clear stock

To woo customers, dealerships are also offering additional accessories such as floor mats and decorative parts like chrome elements free of cost

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