Maruti Suzuki's Alto is among the most selling cars in the nation as the automaker has sold over 4 million units in India to date
After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.
Maruti Suzuki India will increase its production and aims to produce 20 lakh units in the ongoing fiscal with improving availability of semiconductors, according to company Chairman RC Bhargava. In his address to shareholders in the company's annual report for 2021-22, he said the upcoming mid-sized SUV Grand Vitara will play a key role in the challenge to touch 20 lakh units. In 2021-22, total sales of Maruti Suzuki India Ltd (MSIL) increased by 13.4 per cent to 16.52 lakh units. It had lost out on sales in the first quarter of the fiscal due to the pandemic and production being affected by the shortage of semiconductors, mainly for domestic models, Bhargava wrote. "The number of unmet bookings with the company at the end of the year rose to about 2.7 lakhs," he said, adding MSIL's market share declined to 43.4 per cent from nearly 50 per cent as it lost some opportunity in the domestic market. As per Society of Indian Automobile Manufacturers (SIAM) data, domestic passenger vehic
Maruti Suzuki India Ltd on Monday reported an 8.28 per cent increase in total sales to 175,916 units in July 2022
Stocks to watch today: Dr Reddy's, Bajaj Finserv, Nestle India will report their June quarter results on Thursday, July 28; HAL signed $100 million contract with Honeywell for HTT-40 engines.
It sold a total of 467,931 vehicles during the quarter, with exports being the highest ever at 69,437 units
Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.
Analysts would look out for guidance on industry demand outlook, both rural and urban, and if there is any visible impact of the current inflationary pressure
Grand Vitara will go on sale in September with prices expected to start at Rs 9.5 lakh
Maruti Suzuki India is eyeing a leadership position in the SUV segment as it continues to add new products across various sub segments, a top company official said on Wednesday. The country's largest carmaker has bolstered its presence in the high volume entry and mid level SUV segments with new Brezza and all new model -- Grand Vitara. "In every segment except SUV, we are the market leader by a distance. It is only in the SUV that we are behind, so we need to catch up. Clearly, we have to become number one in the SUV space also," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an interaction on the sidelines of the global unveiling of Grand Vitara. He was replying to a query whether the auto major, which has leadership position in the hatchbacks, sedans and MPVs, also eyes pole position in the robustly growing SUV segment. Takeuchi noted that the SUV market is tough as there were already 56 products competing with each other. "It (segment) is getting bigger and bigger and
Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.
The manual variants of the model are priced between Rs 4.25 lakh and Rs 5.49 lakh while the trims with Automatic Gear Shift (AGS) are tagged at Rs 5.65 lakh and Rs 5.99 lakh.
Year-on-year dispatches to dealers (counted as sales) declined during most of FY22
CLOSING BELL: The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent
Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock
However, if sales of Baleno and Brezza models to Toyota Kirloskar and of LCV Super Carry are included, the dispatches were up from 130,348 units a year ago to 132,024 units last month
Stocks to watch today: Maruti Suzuki launched refurbished version of popular compact SUV - Brezza; Future Enterprises defaulted on payment of interest of Rs 6.1 crore for NCDs.
Cars will be across all price segments in a market where company's rivals have lead
The second-generation Maruti Suzuki Brezza 2022 will be available in manual and automatic transmission options, priced between Rs 7.99 lakh and Rs 13.96 lakh
None of V Krishnamurthy's assignments were easy ones. He had to battle scepticism as well