MSIL chairman R C Bhargava said that the larger part of the sales growth is being recorded in the rural market
Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26
The company board of directors announced a final dividend of ₹135 per share, subject to approval of annual general meeting
Suzuki Motor Corporation and Maruti Suzuki India Ltd on Wednesday announced a proposal to set up Osamu Suzuki Centre of Excellence in India in honour of late Osamu Suzuki, the former chairman of the Japanese small car major. The Osamu Suzuki Centre of Excellence (OSCOE) is proposed to be located in Gujarat and Haryana, and will work towards supporting the national objective of high manufacturing growth and raising the standard of component manufacturers (across tier-1, 2 & 3) to make supply chains of the country globally competitive, Maruti Suzuki India said in statement. It will also work to build infrastructure and develop programmes in collaboration with academia and others to propagate Japanese manufacturing philosophy, the statement added. "The programme would include, but not limited to formal teaching, lectures, discussions, seminars etc. Importantly, the efforts of OSCOE would go beyond the automotive sector to other areas of manufacturing," it added. The announcement to ..
The key focus during Maruti Suzuki's Q4FY25 results, analysts believe, will be the demand outlook and new product timeline
Rising input costs to meet mandatory safety requirements as well as growing consumer preference for features such as six airbags in all variants are making carmakers increase prices despite sluggish demand, according to industry players. Marker leader Maruti Suzuki India on Wednesday announced that it will increase prices of various models by Rs 2,500-62,000, from April 8, the second hike this year after increasing by up to Rs 32,500 across various models from February 1. Similarly, BMW Group India has already increased by 3 per cent on select models from this month. Hyundai, Tata Motors, Kia India and Honda Cars have also announced plans to hike vehicle prices starting in April. "The price increase is purely on account of input costs of regulatory changes and that too a partial passing on of such costs," a spokesperson of Maruti Suzuki India said when asked why the company is hiking prices at a time when the overall passenger vehicle market is sluggish. BMW Group India President
Maruti Suzuki India on Tuesday reported a 3 per cent year-on-year increase in total sales at 1,92,984 units in March. The auto major sold a total of 1,87,196 units in the same month last year. Total domestic passenger vehicle dispatches to dealers were at 1,50,743 units compared to 1,52,718 units in the year-ago month, a dip of 1 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars, comprising Alto and S-Presso, declined marginally to 11,655 units against 11,829 units in March 2024. Sales of compact cars, including Baleno, Dzire, Ignis, and Swift also declined to 66,906 units from 69,844 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga and XL6, clocked sales of 61,097 units last month over 58,436 units earlier. Sales of van Eeco were at 10,409 units last month against 12,019 units in March last year, while that of light commercial vehicle Super Carry stood at 2,391 units over 3,612 units earlier. MSI said it
According to analysts at Nuvama, the tractor industry volumes are expected to grow in double digits, with an approximately 16 per cent Y-o-Y increase in the domestic market
Maruti Suzuki revealed that there is no impact on financial, operation or other activities of the company due to this draft Assessment Order
Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra (M&M), and JSW MG Motor all announced price hikes this year to offset rising input costs
15 Sensex stocks and 9 Nifty stocks outperformed the benchmark indices, so far in 2025, as they surged up to 23 per cent
Stock market today: Glenmark Pharma is recalling close to 15 lakh bottles of a generic medication used in treating attention deficit hyperactivity disorder in the US market, as reported by the US FDA
Maruti Suzuki India on Saturday reported a marginal year-on-year increase in total sales at 1,99,400 units in February. The company sold a total of 1,97,471 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales were at 1,60,791 units last month as compared with 1,60,271 units in the year-ago month, a marginal year-on-year growth, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,226 units as against 14,782 units in same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, rose to 72,942 units as compared to 71,627 units in the year-ago month. Utility vehicles, consisting of Grand Vitara Brezza, Ertiga, XL6, Jimny clocked sales of 65,033 units last month as compared to 61,234 units earlier. Sales of van Eeco were at 11,493 units last month as against 12,147 units in February 2024, while that of light commercial vehicle Super Carry stood
The company's previous three facilities are located in Gurgaon and Manesar in Haryana and Hansalpur in Gujarat, with a combined annual production capacity of 2.35 million units
SMC aims for 4 million units of annual manufacturing capacity to meet in India and expand as a global export hub
The Maruti Suzuki's e-Vitara electric vehicle (EV) is expected to fuel long-term growth, especially with strong export potential, analysts said.
Maruti Suzuki's standalone profit rose 12.6 per cent year-on-year (Y-o-Y) to Rs 3.525 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 3,130 crore in Q3FY24
On the bourses, at 12:45 PM, Maruti Suzuki share was trading 0.21 per cent lower at Rs 11,965.15 per share. In comparison, BSE Sensex was trading 1.01 per cent higher at 76,128 levels
Car market leader Maruti Suzuki India on Thursday said it will hike prices by up to Rs 32,500 across various models from February 1 to partially offset the rise in input costs. Due to rising input costs and operational expenses, the company plans to increase car prices, starting February 1, 2025, Maruti Suzuki India said in a regulatory filing. "While the company is committed to optimising costs and reducing the impact on the customers, we are constrained to pass on some of the increased expenses to the market," it added. Under the revised prices, the company's compact car Celerio will see an increase in ex-showroom prices by up to Rs 32,500, while that of premium model lnvicto by up to Rs 30,000. The company's popular model Wagon-R price will go by up to Rs 15,000 while that of Swift by Rs 5,000. SUVs Brezza and Grand Vitara will see price hikes by up to Rs 20,000 and Rs 25,000, respectively. Entry-level small cars Alto K10 prices will rise by up to Rs 19,500 and that of S-Presso
The initial demand for electric scooters was given a fillip by the subsidy under the central government's FAME scheme