Page 12 - Maruti Suzuki

Maruti Suzuki set to invest Rs 450 crore for renewable energy projects

As part of its renewable energy strategy, Maruti Suzuki India has initiated operations at a biogas facility within its Manesar plant in Haryana, using its food waste and Napier grass

Maruti Suzuki, M&M, NMDC, TVS Motor among 10 stocks to watch on June 3

Stocks to watch June 03: NMDC reported a 37 per cent decrease in total iron ore production for May 2024, reaching 2.34 million tonnes compared to 3.71 million tonnes year-on-year

Maruti Suzuki India sees 2% drop in sales to 174,551 units in May

Maruti Suzuki India on Saturday reported 2 per cent year-on-year dip in total wholesales at 1,74,551 units in May 2024. The company had dispatched a total of 1,78,083 units to its dealers in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales rose marginally to 1,44,002 units last month from 1,43,708 units in the year-ago period, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 9,902 units from 12,236 units in May 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, also fell to 68,206 units from 71,419 units in the year-ago month. Utility vehicles, including Brezza, Grand Vitara, Ertiga, S-Cross and XL6, clocked sales of 54,204 units last month as against 46,243 units earlier. Sales of vans were at 10,960 units in May 2024 as against 12,818 units a year ago, while that of light commercial vehicle Super Carry stood at 2,692 units as against 2,888 un

Indian small car exports thrive as domestic demand shifts to SUVs

Maruti Suzuki, Hyundai, Kia, Citroen, Volkswagen, Honda, Nissan, and Renault are finding markets abroad

Apollo Tyres Q4 results: PAT falls 13% to Rs 354 cr on higher tax expenses

Apollo Tyres, which manufactures tyres for Maruti Suzuki , Mahindra and Mahindra and TVS Motor Company Ltd among others, is one of the major players in the sector

Will continue to expand SUV offerings to recover mkt share in India: Suzuki

Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 per cent) year-on-year to 5,374.3 billion yen for the last financial year. Operating profit increased by 115 billion yen (32.8 per cent) YoY to 465.6 billion yen. "We will continue to promote the expansion of our SUV models (in India) and aim to recover our total passenger car share," Suzuki Motor Corporation said in a statement. Currently, Maruti Suzuki sells SUV (sport utility vehicle) models like Brezza, Jimny and Grand Vitara in the domestic market. The company's market share has come down to around 42 per cent from over 50 per cent a couple of years back in the domestic passenger vehicle segment on account of limited options in the SUV segment. With the market dem

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 Suzuki launches new Swift with Rs 17,436 monthly subscription fee

The car can be bought through Maruti Suzuki Subscribe with an all-inclusive monthly subscription fee starting from Rs 17,436

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

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

Car mkt sees consolidation, top 6 brands corner 92.6% of domestic sales

The bottom six car makers managed to corner only 2.9 % market share

Maruti Suzuki expects reincarnation of small car segment by 2026-end

Maruti Suzuki India expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from SUVs, according to a senior company official. The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 per cent at present. The company is hopeful that the resurgence seen in the two-wheeler market, which has also witnessed decline since 2018-19, will have a positive impact on small car sales as well. "The SUV segment's contribution has gone up to 53.6 per cent of total (passenger vehicle) industry as a result of which the contribution of the small (car) segment has gone down a little bit further," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said in a virtual interaction. There has been a "steep increase in the prices of hatchbacks" due to a variety of reasons, including regulations related to safety and emissions ...

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

Stock to Watch, April 29: ICICI Bk, HCL Tech, YES Bk, Ircon, Maruti, Cipla

Stocks to Watch on Monday, April 29,2024: The net profit of private lender ICICI Bank rose by 17.4 per cent to Rs 10,708 crore in the fourth quarter of financial year 2023-24 (Q4FY24)

Q4 results: Demand for SUVs drives Maruti Suzuki earnings rises 47%

The firm's consolidated annual net profits for 2023-24 surged to Rs 13,488.2 crore, marking a 63.2 per cent Y-o-Y increase

Maruti Suzuki Q4 results: Net profit up 47% at Rs 3,877 cr, revenue up 19%

The automaker has declared its highest-ever dividend of Rs 125 per share. Shares of Maruti closed trading at Rs 12,687.05 on Friday

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

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 applies for Bharat-NCAP safety ratings for some vehicles

Maruti Suzuki has applied for Bharat New Car Assessment Programme (Bharat-NCAP) safety ratings for some of its vehicles, a senior government official has said. Last year, Tata Motors' SUVs Safari and Harrier became the first recipients of the safety rating for adult and child occupant protection as per Bharat-NCAP. The SUVs were given 5-star rating. In August last year, the government launched Bharat-NCAP, India's very own and independent safety performance evaluation protocol for automobiles. Road Transport and Highways Minister Nitin Gadkari had earlier said Bharat-NCAP is benchmarked to the best-in-class global standards and the system is designed to advance road safety and vehicle safety standards beyond mandatory regulations. The official also said the government is considering changing highway construction measurement method to 'lane km' from 'road km' in the current financial year as the government's focus has now shifted to building more expressways that are of at least fou

Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar

Stocks to watch on Wednesday, April 10, 2024: Seven stocks including Bandhan Bank, Exide Industries, Hindustan Copper, Vodafone Idea, India Cement, SAIL and Zee Entertainment are in F&O ban today.