In preparation for the transition to BS-VI emission norms, MSI will stop production of a majority of its BS-IV models by Dec 2019
India's largest carmaker Maruti Suzuki India (MSI) launched an the next-gen Ertiga on Wednesday. Designed specially for India, Maruti Suzuki has sold over 42000 units since its launch in 2012
The stock has added Rs 159.455 billion in market valuation in two days to reach Rs 2.15 trillion
Maruti Suzuki India (MSI) Tuesday said its premier crossover model S-Cross has achieved 1 lakh cumulative sales milestone. "S-Cross has clocked over 16 per cent market share in its segment and has helped us delight customers looking for a premium offering from Maruti Suzuki," R S Kalsi, senior executive director, Marketing & Sales, MSI said in a statement. The company retails S-Cross from more than 329 NEXA sales outlets across the country covering over 186 cities.
The company's entry-level car Alto topped the list, selling 22,237 units in August
Owners of the cars being recalled will be contacted by Maruti Suzuki dealers for inspection and replacement of the faulty part free of cost
This will take Maruti Suzuki India's total production capacity to over 2.25 million units each year
The stock dipped 2.5% to Rs 8,721, falling 5% from its intra-day high of Rs 9,142 on the BSE.
Maruti Suzuki India is expected to formally launch the sales channel later this financial year
Domestic sales increase 5% to 140,600 units as compared to 133,934 units in January 2017
The new Celerio is the company's seventh model to meet new car safety norms
S-Cross would feature 1.3-litre diesel engine with smart hybrid technology
Working with govt in thinking of policies that can make our cars safer, cleaner & beneficial: Maruti
The stock hit new high of Rs 7,920, up 3% on BSE in intra-day trade
Plush workshops with premium lounges & digital technology to enhance customer service & transparency
Alto retained the top position in May with 23,618 units, as against 19,874 units in May last year
Maruti Suzuki with Rs 2.23 lakh crore market-cap is currently stands ahead of ONGC and Infosys
Auto major claims to have cut CO2 emission by nearly 19% over a decade since 2007-08
The country's largest carmaker Maruti Suzuki India (MSI) has earmarked Rs 4,500 crore capex for the current financial year. "Capex for this year (2017-18) is Rs 4,500 crore," MSI Chairman RC Bhargava told reporters here. The amount would be spent on various activities including replacement of machinery, R&D and marketing initiatives, he added. On R&D alone, the company plans to invest in the range of Rs 700-1,000 crore, Bhargava said. Some portion of the capital expenditure or capex could also go towards acquisition of land for expansion of sales and service network, he added. "This (capex) includes a certain provision for land but this can change depending on the progress made. There will be no monetary restrictions on implementing the programme for building the sales and service network," Bhargava said. MSI had earmarked Rs 3,500 crore capex for last fiscal ended March 31.
According to data released by SIAM, Maruti Suzuki India had only 6 models in top 10 list in 2015-16