Page 23 - Maruti Suzuki India

Maruti Suzuki's production rises 34% at 1,55,127 units in December

Maruti Suzuki India, the country's largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent

Maruti Suzuki's Super Carry records cumulative sales of over 70k units

Automobile major Maruti Suzuki's commercial vehicle Super Carry has reached a cumulative sales of more than 70,000 units in the last four years.

Weekly stock picks by Ajit Mishra of Religare Broking: Buy Bata, Maruti

Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.

Maruti Suzuki India sells more than 200,000 cars through online channel

The country's largest carmaker Maruti Suzuki India on Monday said it has sold over two lakh cars through the online channel. The company, which initiated its online sales platform around two years back, said the digital channel now covers nearly 1,000 dealerships across the country. "Since the introduction of this new digital channel in 2018, we have witnessed three times increase in digital enquiries and recorded sales of over 2 lakh units since April 2019. This digital channel has helped to generate over 21 lakh customer enquiries," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Citing 'Google Auto Gear Shift India 2020 Report', he said nearly 95 per cent of new car sales in India are digitally influenced as per the customers first research online and then buy at the physical dealerships. While online experience provides the complete spectrum of information to the customers, at the last mile the customers seek assurance of the

Maruti, Hyundai Motor report double digit sales growth in October

Maruti Suzuki India and Hyundai Motor India posted double digit growth in October wholesales on the back of pent up demand and improved buying sentiment in the festive season. Honda Cars India, Toyota Kirloskar Motor and Mahindra & Mahindra also reported growth in domestic passenger vehicle sales last month. The country's largest carmaker Maruti Suzuki India (MSI) said its sales increased by 19.8 per cent in the domestic market last month to 1,72,862 units compared with 1,44,277 units in October 2019. The company's sales of mini cars, comprising Alto and S-Presso, declined marginally to 28,462 units as compared to 28,537 units in the same month last year, the auto major said. However, compact car sales, which includes models such as Swift, Celerio, Ignis, Baleno and Dzire, increased by 19.2 per cent to 95,067 units as against 75,094 cars in October last year. Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, also rose 9.9 per cent to 25,396 units as compared ...

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period

Leading carmakers Maruti Suzuki India, Hyundai and Tata Motors saw better retail sales during the Navratri period this year as compared with last year with pent up demand of last few months aiding the brisk offtake. Kia Motors, Toyota Kirloskar Motor, Mahindra & Mahindra and Honda Cars India also witnessed robust sales during the ten-day period (including Dussehra) which is considered auspicious for buying new things and property. The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period thisyear. "Our total retail sales were in the range of 96,700 units this year which is more than last year, MSI Executive Director for Sales and Marketing Shashank Srivastava said when asked about sales during the Navratri period. The auto major had retailed around 76,000 units in the same period last year. Similarly, Hyundai Motor India said it retailed 26,068 units during the period, an ...

Maruti Suzuki says 'no immediate need' for govt to cut taxes on cars

Some automakers have been pushing the government to temporarily reduce tax rates on cars by 10% to boost sales after the coronavirus pandemic brought economic activity to a standstill

Despite volume uptick, Maruti's rally may fizzle out on multiple headwinds

Competitive pressures, lower share of utility vehicle segment and margins are key worries

Maruti Suzuki India posts 11% rise in production to 123,769 units in August

The country's largest carmaker Maruti Suzuki India said its total production in August increased by 11 per cent to 123,769 units

SMC president tells auto component suppliers to localise aggressively, step up R&D

The advice comes amid the Centre's clarion call to manufacturers across sectors to cut imports and become self-reliant

Automakers expect demand to pick up in festive season despite Covid-19

If Covid-19 situation improves, it would lead to improved sales and if somehow the scenario deteriorates then the sales would also be impacted, Srivastava noted

Maruti Suzuki ties up with start-up hub in IIM-B for mobility solutions

The collaboration marks first-of-its kind initiative by an automobile manufacturing company to help early-stage startups become large-scale businesses

High taxes creating affordability issue for aspiring car owners: MSI

Passenger vehicles currently attract top GST rate of 28% with cess ranging from 1% on those less than four metres in length with petrol engine to 22% on big SUVs longer than four metres

Maruti sees no logic in developing a BS-VI diesel engine for small cars

The auto major, with no diesel vehicles in its line-up, now aims to expand its CNG products range to bring in additional volumes

Maruti transports over 670,000 cars through Indian Railways in 6 years

Maruti Suzuki India (MSI) on Wednesday said it has transported over 670,000 cars through the Indian Railways in the past six years, witnessing a CAGR of over 18%

Maruti Suzuki India partners with Axis Bank for easy vehicle financing

The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has collaborated with Axis Bank to offer easy vehicle financing options for potential car buyers

Covid-19 impact: Maruti Suzuki reports 54% decline in total sales in June

Domestic sales declined by 53.7 per cent to 53,139 units last month, as against 1,14,861 units in June 2019

FMCG firms bring jobs to small towns as markets show signs of revival

In contrast, auto companies and their dealers have not been that bullish with hiring, despite tractor sales increasing in May

India-US 'green' corridor for air travel, and other coronavirus updates

The total number of Covid-19 cases in Delhi crossed the 66,000 mark, with the biggest single-day spike of 3,947 fresh infections being reported on Tuesday

17 guards of Maruti's Manesar plant missing after testing Covid-19 positive

The employees, who belong to security agency SIS India, had tested positive for the infectious disease on June 17 and were supposed to be quarantined as per the law