Page 6 - Maruti Suzuki India

Hyundai India deserves valuation premium to Maruti, says Nomura note

Korean automaker's Indian unit expanding market share and benefits from being part of larger Hyundai Motor Company, it says

Will Maruti put India's EV mission on fast lane? MSIL MD & CEO believes so

Japanese carmaker wants 'sustainable' growth in electric car market by addressing three major concerns

Maruti Suzuki eyes significant increase in exports by 2030: MD, CEO

Maruti Suzuki India (MSI) is looking at a significant increase in its overseas shipments by 2030, MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at the 64th annual session of industry body SIAM here, he noted that the automaker's overseas shipments will witness "multiples of growth" in coming years. "There is no reason why India should not target a big pie of global trade. As Maruti Suzuki, I can tell you we are not talking about percentage growth but in terms of multiples of growth. So, our exports from India today are three times of what we had four years ago. Not only that, our exports will be 3 times of today in about 6 years from today," Takeuchi said. The company is already exporting some vehicles back to Japan, he said. Last month Maruti Suzuki commenced export of its sports utility vehicle Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port. Fronx is the first SUV from the MSI stable to be launched in Japan. MS

Challenge is to develop new-age tech affordably: Maruti MD Takeuchi

The average car price in India has increased rapidly in the last 5-6 years due to new emission regulations and demand for more spacious and comfortable cars loaded with advanced technology

Hybrid cars, Suzuki tie-up drive up Toyota Kirloskar profit 3x in FY24

Toyota owns 89 per cent in TKM, while the remaining 11 per cent is owned by Kirloskar Systems Private Limited

Maruti Suzuki contributes Rs 3 cr to PM CARES fund for flood relief

Maruti Suzuki India on Tuesday said it has donated Rs 3 crore to the PM CARES fund for flood relief across various states. The company's contribution aims to support the government's relief and rebuilding efforts across the country, the auto major said in a statement. "We stand in solidarity with the individuals and families affected by the recent natural calamities. In times of crisis, it is a collective responsibility to stand together and rebuild," Maruti Suzuki India MD and CEO Hisashi Takeuchi said. The contribution is a humble gesture to support the government relief and rehabilitation efforts for affected communities, he added.

Maruti slashes prices of Alto K10, S-Presso variants amid drop in sales

In August alone, MSIL sold a total of 10,648 units of the two mini cars, recording a drop of 12.8% Y-o-Y

Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023

Will have 10 days' dealer stock by year-end: Maruti Chairman R C Bhargava

Currently, Maruti dealers hold inventory for 38 days

Stable govt gives confidence of sustained growth: Maruti Chief Bhargava

India has proven the 'fallacy' of incompatibility of rapid economic growth and a democratic political system, and the continuity of government and policies give industry the confidence of sustained high growth, Maruti Suzuki India Chairman R C Bhargava said on Tuesday. In his address to shareholders in the company's Annual General Meeting held virtually, he asserted that India's democratic processes will lead it to a sustained and more equitable society. Bhargava also said the industry and the government can work with trust and confidence with each other to achieve the goal of India becoming a developed country by 2047. "Over the years, I've heard people arguing that rapid economic development and a democratic political system are not really compatible. Our country has proved the fallacy of this line of thinking," he said. Asserting his point, Bhargava said, "We are now the fastest growing economy in the world, and our prime minister is one of the most respected global ...

Maruti to start new showroom line 'Nexa Studio' in Tier-2, -3 cities

Currently, MSIL is selling its cars through two dealership lines - Nexa for premium segment, and Arena for all others

Maruti adjusts production to reduce dealer stock amid slower sales: Suzuki

As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights

Maruti Suzuki commences export of Made in India SUV Fronx to Japan

Maruti Suzuki India on Tuesday said it has commenced export of its sports utility vehicle Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port, the country's largest carmaker said in a statement. Fronx will be the first SUV from Maruti Suzuki stable to be launched in Japan, it added. The company rolls out the model exclusively from its Gujarat plant. Fronx is the second model from Maruti Suzuki to be exported to Japan, after Baleno in 2016. Suzuki Motor Corporation, which owns around 58 per cent stake in Maruti Suzuki, plans to introduce Fronx in the Japanese market later this year. "Japan is one of the most quality-conscious and advanced automobile markets in the world. Our export to Japan is a testament to Maruti Suzuki's capability to manufacture world-class vehicles that exemplify cutting-edge technology, exceptional performance, internationally recognised safety, and quality standards," Maruti Suzuki India MD & CEO Hisashi .

Awaiting policy on hybrids, green tech: Maruti Chairman R C Bhargava

Japanese giants like Maruti Suzuki and Toyota are pushing for tax cuts on hybrids, arguing that electric vehicles (EVs) alone can't carry the emissions reduction load

Speed bump: Domestic passenger vehicle sales slip amid inventory pile-up

Two-wheeler sales grow in double digits

Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens

Four separate company letters to Uttar Pradesh highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs

Strong product portfolio likely to keep Maruti Suzuki in growth lane

Near-term demand momentum expected to be driven by CNG/utility vehicle segment

Maruti Suzuki Q1 results: PAT up 47% to Rs 3,650 cr on high demand of SUVs

The share of SUV sales in Maruti's overall sales grew to 31 per cent from 25 per cent a year ago, making it the company's second-biggest segment after compact cars

Maruti Suzuki Q1 Preview: Profit may jump up to 37% YoY, revenue around 9%

Maruti Suzuki Q1 2024 results: Investors will eye margin trajectory amid commodity pressures, elevated discounting.

Maruti Suzuki India gets tax demand of Rs 779.2 cr from I-T authorities

Automaker Maruti Suzuki India Ltd on Friday said it has received a demand of Rs 779.2 crore, including interest from the Income Tax authority. The company has received a final assessment order for the financial year 2019-20 from the Income Tax authority, Maruti Suzuki India Ltd (MSIL) said in a regulatory filing. The order has a total demand, including interest, of Rs 779.2 crore, it said, adding that it has also received a showcause notice for initiation of penalty proceedings with respect to the order. MSIL said it will file an appeal before the Income Tax Appellate Tribunal. There is no impact on financial, operation or other activities of the company due to this order.