Page 27 - Maruti Suzuki India

Maruti Suzuki 'cautiously optimistic' over sales prospect in coming months

The country's largest car maker Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead as many of the challenges that led to slowdown in the auto industry still exist, a senior company official has said. The company, which posted a growth in domestic passenger vehicle sales after seven months in October, said it would take at least few more months to get clarity if the industry is finally on a revival path. "We are cautiously optimistic. The reason why we are cautious is that we do not have a crystal ball. Many of the factors like high cost of acquisition, confusion related to BS-IV and BS-VI, issues related to finance norms and liquidity etc, continue to be there," MSI Executive Director (Marketing & Sales) Shashank Srivastava told PTI. He was replying to a query whether October sales were an indication of revival of the industry which has been grappling with demand slowdown for almost a year now. "We are optimistic a little bit because the ...

Some festive boost for automobile sector, but the cheer is missing

Car sales decline due to increase in retail sales in festive season, Maruti sales rebound to growth

Maruti Suzuki Q2 preview: Poor quarter in the offing, profit may halve

During the quarter under review, Maruti Suzuki outperformed the benchmark indices at the bourses

Consumer discounts unsustainable, will go down post October: Maruti Suzuki

The company also expects current month to be better in terms of sales as compared with the same period last year.

Maruti Suzuki cuts production for eighth straight month in September

Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 per cent in September, making it the eighth straight month when the country's largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month, Maruti Suzuki India (MSI) said in a regulatory filing. Passenger vehicles' production last month stood at 1,30,264 units as against 1,57,659 units in September 2018, a decline of 17.37 per cent, it added. Production of mini and compact segment cars, including Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 98,337 units as against 1,15,576 units in September last year, down 14.91 per cent. Similarly, production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross declined 17.05 per cent to 18,435 units as compared with 22,226 units a year ago. Mid-sized sedan Ciaz saw its production reduced to 2,350 units in September from 4,739 units in the

Maruti rides high on BSVI vehicles, sells 200,000 cars within 6 months

The figures are encouraging for the auto industry amid apprehension that due to higher cost and lack of fuel availability, cars with stricter emission standards may not be popular in initial stages

Car sales continue to slide in Sept despite heavy discounts and offers

Industry executives were optimistic about buyer enquiries, which have picked up, translating into sales as Diwali draws closer

Auto crisis: Maruti Suzuki reports 24% decline in sales in September

Domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018

Better buying sentiment may fuel better sales over next few months: Maruti

Sales were better this month as compared with August and the company expects October volumes to be even better than September

Tech view: Missed the blockbuster market rally? Here's what you should do

At the fundamental level, analysts say the government's move to slash corporation tax rate from 35 per cent to 25.2 per cent (including surcharge) augurs well for India Inc

Maruti cuts prices by Rs 5,000 on select cars to boost festive demand

The lower prices will be effective immediately on models such as Alto 800, Alto K10, Swift (diesel), Celerio, Baleno (diesel), Ignis, Dzire (diesel), Tour S (diesel), Vitara Brezza and S-Cross

Auto major Maruti Suzuki slashes prices of select car models by Rs 5000

The new prices will be applicable from today across the country

Maruti Suzuki to launch mini SUV S-Presso ahead of festive season

Maruti Suzuki India (MSI) on Saturday said it will launch mini SUV S-Presso later this month, coinciding with the start of the festive season. The company said the indigenously conceived, designed and developed vehicle is made for India as well as the world. "Our internal research suggests that the criteria of buying a car for the youth, apart from affordability, acquisition cost and maintenance, now also include design and aesthetics," MSI Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. With S-Presso, the company will offer a premium, feature-rich car that will disrupt the entry car segment in the country, he added. MSI Senior Executive Director (Engineering) C V Raman said the company has always developed new segments and cars to match the changing needs, tastes and lifestyles of customers. "Designed in-house by Maruti Suzuki, S-PRESSO marks a big shift in the way compact cars are created and crafted in India. Its design language is inspired from

Shifting generational gears: Swift targets younger car buyers in new ad

Maruti Suzuki drives a purpose-led campaign for its 15-year-old hatchback, hopes to keep its premium positioning with a younger set of car buyers

In a first, Maruti Suzuki to lease 100 sales outlets to car dealers

Strategy will help expand reach, deploy surplus cash

Maruti reports 33% drop in August sales at 1,06,413 units; exports down 11%

Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 23.9% at 54,274 units as against 71,364 cars in August last year.

Maruti's plans to launch electric car faces 2 issues: cost, charging infra

Maruti Suzuki India is currently testing a fleet of 50 prototype EVs based on WagonR model platform developed by Suzuki Motor Corporation in Japan

Maruti Suzuki XL6 is much like the Ertiga, but quite a lot nicer

This is one of the nicest engines in the market - it's smooth, refined and has a peppy low-end character

Toyota, Suzuki enter into capital alliance amid a shake-up in auto industry

Through deepening partnership with Maruti, Toyota in India will be able to draw buyers

States must be partners in growth story, says Maruti's R C Bhargava

The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product.