Page 16 - Maruti Suzuki India

Maruti Suzuki India's pending orders rise to around 405,000 units in Jan

Maruti Suzuki India's pending orders have jumped to around 4.05 lakh units this month as the inflow of bookings continues to be steady, while newly introduced SUVs Jimny and Fronx also added to the numbers, according to a senior company official. The bookings for Jimny have crossed 11,000 units, while that of Fronx is around 4,000 units. In the third quarter ended December 2022, the company's pending customer orders stood at about 3.63 lakh vehicles, out of which about 1.19 lakh orders were for newly launched models. "We are at around 4,05,000 bookings (at present), which are pending, and that means that we are seeing in the flow of bookings and of inquiries at a pretty good level," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava told PTI. Compared to January 2022, the inquiry is higher by 28 per cent and bookings by 16 per cent in the same month this year, he said. The increase in pending orders has also been accelerated by the company's two .

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Maruti Suzuki to recall 11,177 Grand Vitara SUVs to fix seat belt defect

The company, which is majority owned by Japan's Suzuki Motor Corp, will report its results for the quarter ending Dec. 31 on Tuesday

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

Exports of Grand Vitara commence; first shipment goes to Latin America

Maruti Suzuki India aims to export the model to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions

No near-term boost likely for auto stocks from Expo 2023, say analysts

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward

Maruti Suzuki launches two CNG powertrain options of SUV Grand Vitara

Maruti Suzuki India on Friday said it has launched two CNG powertrain options of its mid-sized SUV Grand Vitara, priced at Rs 12.85 lakh and Rs 14.84 lakh (ex-showroom Delhi). The country's largest carmaker said the CNG trims come with a five-speed manual gearbox with a fuel efficiency of 26.6 km/kg. The 1.5 litre gasoline-powered variants of the car are priced from Rs 10.45 lakh to Rs 19.49 lakh. "The introduction of the S-CNG option further expands the appeal of the Grand Vitara. The Grand Vitara S-CNG will contribute to our aggressive plan to widen our green-powertrain offerings, expanding to 14 models," Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said in a statement. The Grand Vitara S-CNG can also be owned through Maruti Suzuki Subscribe at an all-inclusive monthly subscription fee starting from Rs 30,723, the company stated.

Top carmakers post double-digit export growth with Maruti at the wheel

Clock 11% growth in the first 11 months of 2022

Maruti Suzuki India logs 28% rise in exports at 263,068 units in 2022

Maruti Suzuki India on Tuesday reported a 28 per cent rise in exports at 2,63,068 units in 2022, its highest ever overseas shipments. The company's previous highest exports was achieved in 2021 with 2,05,450 units. The highest exported models in 2022 were Dzire, Swift, S-Presso, Baleno and Brezza, the company said in a statement. "Crossing the 2 lakh milestone in exports for the second consecutive year signifies the trust, quality, reliability, performance, and affordability of our products," Maruti Suzuki India Ltd (MSIL) Managing Director & CEO Hisashi Takeuchi said. He further said, "this achievement further aligns with our strong commitment to the government of India's 'Make in India' initiative to manufacture products to delight global customers." The company said in 2022, it exported more than double the volume it exported in pre-COVID year 2019, which stood at 1,07,190 units. In 2020, its exports had declined to 85,208 units due to the pandemic and supply chain ...

Stocks to Watch: Zomato, IRCTC, Maruti Suzuki, RIL, Birlasoft, M&M Fin, ZEE

Stocks to watch today: Maruti Suzuki India recorded a 16.5 per cent YoY decline in production volume for passenger vehicles in December 2022

Maruti Suzuki's production falls 18% to 124,722 units in December

Maruti Suzuki India's production in December 2022 was lower by 17.96 per cent at 1,24,722 units, according to a regulatory filing by the company. The company had a total production of 1,52,029 units in the same month a year ago. Production in mini cars and compact segment, comprising models such as Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift and WagonR, was lower at 83,753 units last month as compared to 1,06,090 units in December 2021. Production of utility vehicles, including Brezza, Ertiga, Jimny, S-Cross and XL6, was also lower at 27,303 units as compared to 31,794 units in the year-ago month, the filing added. Light commercial vehicle Super Carry's production stood at 587 units as against 3,262 units in December 2021. In an interaction on Sunday, Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank Srivastava had said the company wanted to keep its stock at a very low level starting January. "We had to control the production because we wanted to

Maruti Suzuki seeks correct accounting of GHG emission benefits of ethanol

Car market leader Maruti Suzuki India (MSI) on Monday sought correct accounting of greenhouse gas emission benefits of ethanol blended fuel under the Corporate Average Fuel Economy (CAFE) norms. The second phase of CAFE norms came into effect from April this year. The regulation first came into force in India from April 1, 2017. It is aimed at lowering fuel consumption of vehicles by reducing their CO2 emissions, mandating the average corporate CO2 emission to be less than 130 gm/km by 2022, applicable to all petrol, diesel, LPG and CNG fuelled vehicles. Under CAFE II regulations, the average corporate CO2 emission must be less than 113 gm/km. The corporate average in CAFE refers to the sales-volume weighted average for every automobile manufacturer. To promote ethanol and flex-fuel, SIAM has made some specific policy enablers requests to the road transport and highways ministry, Maruti Suzuki India MD and CEO Hisashi Takeuchi said at a SIAM event here. "One of our key requests is

Chip shortage to cause bigger hit to Dec production: Maruti Suzuki India

Maruti Suzuki India Ltd, the country's top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months

Maruti Suzuki plans price hike in Jan due to inflation-led cost pressure

Maruti Suzuki said the price hike would vary across models

Auto shares trade weak post November sales; Eicher, M&M down up to 3%

M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.

Maruti Suzuki India records 14% increase in Nov sales at 159,044 units

The country's largest carmaker Maruti Suzuki India on Thursday reported 14 per cent increase in total wholesales at 1,59,044 units in November. The company had dispatched 1,39,184 units to dealers in November 2021, MSI said in a statement. Last month, the company's domestic sales rose 18 per cent to 1,39,306 units as against 1,17,791 units in November 2021, it added. Sales of mini cars, comprising Alto and S-Presso, increased to 18,251 units as compared with 17,473 in the same month last year. Similarly, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, rose to 72,844 units as against 57,019 cars in November 2021. Sales of mid-sized sedan Ciaz increased to 1,554 units as compared with 1,089 units in November last year. Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, rose to 32,563 units as compared with 24,574 vehicles in the year-ago month, MSI said. Exports declined to 19,738 units as against 21,393 units in the

Maruti Suzuki expects to end current fiscal with 3,700 sales outlets

Maruti Suzuki India expects its sales network to touch the 3,700-mark by the end of this fiscal amid a push to ramp up production capacity at its Manesar-based plant by 1 lakh units to cater to enhanced demand, according to a senior company official. The country's largest carmaker on Friday crossed the 3,500 car sales outlets mark, more than doubling it from 1,300 dealerships a decade ago. The auto major inaugurated its 3,500th outlet, a Nexa sales unit, in Hyderabad on Friday. Maruti Suzuki India currently has presence in around 2,250 cities and towns in India. The company added 237 sales outlets in 2021-22 and further 170 outlets between April-October this fiscal year. "We are likely to touch the 3,700 outlets mark by March-end," Maruti Suzuki India (MSI) Senior Executive Officer, Marketing & Sales, Shashank Srivastava told PTI when asked about the company's network expansion plans. The company's push to enhance sales infrastructure across the country reflects the expected ...

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

Maruti's share in Suzuki's sales revenue jumps to a 7-year high

Suzuki holds a 56.37 per cent stake in Maruti Suzuki

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