Page 8 - Maruti Suzuki India

Maruti Suzuki India likely to set up at least 400 service outlets in FY25

Akella explained the distribution of these service touchpoints between main urban centres and other regions

Stocks to watch on May 14: Shriram Finance, Zomato, DLF, TCS, Maruti Suzuki

Shriram Finance announced that board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore

Maruti expects 30% jump in CNG vehicle sales at 600,000 units in FY25

Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country's largest carmaker also aims to export around 3 lakh units in the ongoing financial year. "So CNG, this year, we did about 4,50,000 (units) in passenger vehicles. We are hoping to do something like 6,00,000 vehicles in FY24-25," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti said in an analyst call. The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market. Bharti said the company's capacity expansion by around 1 lakh units per annum at its Manesar plant, Haryana largely addresses the Ertiga supply issues. Ertiga CNG demand is huge in the market leading to supply issues, he noted. On overseas shipments, Bharti said the company aims to export about 3 lakh units. "We did about 2,83,000 units in FY24. Despite the fact that we've increas

Maruti considering launching electric hatchback: MD & CEO Hisashi Takeuchi

Customers moving from two-wheelers to cars key to revitalising hatchback growth, says MD & CEO Takeuchi

Auto retail sales up 27% in April, passenger vehicles make record

Two-wheeler segment grows strongest due to 'positive impact' of elections, says FADA

Float dynamics: Higher float to keep ETF buying in Airtel, CIL buoyed up

Based on changes to the float during the three-month period ended March 2024, Freitas has calculated the possible weighting changes in these stocks and their likely impact on passive flows

Farm equipment maker Kubota wants to make India its global hub, like Suzuki

The acquisition of Escorts in 2022, leading to the rebranding as Escorts Kubota, offered Kubota a crucial foothold in the Indian and international markets by offering cost-effective manufacturing

No Maruti Suzuki EVs for India this year. Wait till FY26: RC Bhargava

The Maruti Suzuki chief said that his company has been capitalising on this SUV surge, adding that MSIL's introduction to the EV market is unlikely until the end of FY25

Maruti Suzuki India plans to sell 2 million vehicles this fiscal year

The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume

Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat

The fall came as investors booked profit after the company posted strong March quarter performance

Maruti Suzuki Q4 preview: Profit may soar up to 56% YoY on robust sales mix

Maruti Suzuki Q4 preview: Maruti Suzuki India may also see a solid Ebitda margin expansion on falling commodity prices, analysts said

2024 Maruti Suzuki Swift to launch in India next month, check details

The new Maruti Suzuki Swift is all set to release in India on May 9. The Swift offers a brand-new engine which is powered by a 1.2-litre Z series 3-cylinder petrol engine

Maruti Suzuki raises price of select cars, Swift hiked by up to Rs 25,000

Maruti Suzuki India on Wednesday said it has hiked the price of its hatchback Swift by up to Rs 25,000 along with an increase on a select variant of SUV Grand Vitara. The prices of Swift have been raised by up to Rs 25,000, Maruti Suzuki India said in a regulatory filing. Similarly, the price of the Sigma variant of Grand Vitara has been increased by Rs 19,000, the company said. Now, Swift is available at a price range of Rs 5.99 lakh to Rs 8.89 lakh (ex-showroom Delhi). The Sigma variant of Grand Vitara is priced at Rs 10.8 lakh (ex-showroom Delhi), as per the company's website. The price hikes are effective April 10, 2024, the company said.

Maruti Suzuki adds new line, to boost manufacturing capacity by 4.5%

India's largest carmaker operates three manufacturing plants across the country

Maruti Suzuki expands Manesar plant's capacity by 100K units per annum

Maruti Suzuki India on Tuesday said it has expanded the production capacity of its Manesar facility by one lakh units per annum. The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants functioning at Manesar, in Haryana. "The new vehicle assembly line has the capability to manufacture 1 lakh units per annum," Maruti Suzuki India (MSI) said in a statement. With the additional assembly line, the total manufacturing capability at Manesar stands at 9 lakh vehicles per annum, it added. "We aim to nearly double our capacity to 4 million vehicles per annum over the next 7-8 years and this capacity addition of 1 lakh vehicles per year is a step towards this goal," MSI Managing Director & CEO Hisashi Takeuchi said. It will help the company serve its customers faster and enhance overall capability to manufacture up to 23.5 lakh units per annum, he added. The company had inaugurated the Manesar facility in February 2007 with the start of ..

Maruti Suzuki eyes export of 300,000 units in FY25, 800,000 by 2030

On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official. The company plans to launch more models in its various export markets that span over 100 countries while also enhancing distribution network, having taken best practices from India such as making bank finance available at dealerships, strengthening service facilities and parts availability to the export markets. "Till about three years ago our exports were in the range of 1 to 1.2 lakh cars a year. Both as a national vision and as a business ambition, we decided to scale up drastically and from those levels and in 2022-23 we reached about 2.59 lakh units exports and in 2023-24 we completed 2.83 lakh," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti told PTI. He further said, "The interesting part of this is that i

India becomes Suzuki's 2nd market to cross 30 mn cumulative production mark

India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company's subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the end of March 2024, Suzuki Motor Corporation said in a statement. "India becomes the second country after Japan in which Suzuki has reached this milestone, and the fastest country to reach 30 million units in just 40 years and 4 months since starting production in December 1983, breaking the record of 55 years and 2 months in Japan," it said. Suzuki's automobile production in India started with its first model, the Maruti 800 by the then Maruti Udyog Ltd, a joint venture between the company and the Government of India. Currently, Maruti Suzuki India Ltd (MSIL) has manufacturing facilities at Gurugram, Manesar (in Haryana) and Hansalpur

Craze for SUVs too shall pass in years to come: Maruti's R C Bhargava

Maruti Suzuki India Limited is India's largest carmaker with about 43 per cent volume share

StanChart exits CDSL, sells stake; Maruti mcap breaches Rs 4 trn mark

The market capitalisation of passenger car major Maruti Suzuki India (MSIL) topped the Rs 4 trillion mark for the first time in intraday trade on Wednesday

Maruti Suzuki India rejigs top deck, heads of several verticals changed

Partho Banerjee is the new head of marketing and sales; Ram Akella will head the service division