Page 15 - Maruti Suzuki

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.

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

Maruti Suzuki's total sales increase by 10% to 187,196 units in March

Maruti Suzuki India on Monday reported a 10 per cent rise in total sales at 1,87,196 units in March this year as compared to 1,70,071 units in the same month last year. In the year 2023-24, the company crossed an annual total sales milestone of 20 lakh units with highest-ever yearly domestic sales of 1,793,644 units and record exports of 2,83,067 units, Maruti Suzuki India (MSI) said in a statement. In March, the company's total domestic dispatches to dealers, including passenger vehicles and light commercial vehicles and OEM (Original Equipment Manufacturer) sales, stood at 1,61,304 units as compared to 1,39,952 units in the year-ago month, a growth of 15.26 per cent, MSI said in a statement. Passenger vehicle sales in the domestic market were at 1,52,718 units last month as compared to 1,32,763 units in the year-ago period, up 15 per cent, it added. Sales of mini-segment cars comprising Alto and S-Presso models were marginally higher at 11,829 units as compared to 11,582 units i

Giving maximum value for money was key to Maruti's success: RC Bhargava at Business Standard Manthan

Giving average Indians the maximum value for their money was one of the keys behind Maruti India’s success, its 89-year-old chairman RC Bhargava said at the Business Standard Manthan event.

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

Giving maximum value for money was key to Maruti's success: RC Bhargava

From employees to suppliers and dealers, Maruti Suzuki champions a culture of collaboration, RC Bhargava said at BS Manthan

Maruti Suzuki's mcap breaches Rs 4 trillion mark in intra-day trade

Maruti Suzuki India's market valuation went past the Rs 4 lakh crore mark in intra-day trade on Wednesday, helped by a rally in the stock which reached a new peak. Shares of the company climbed 2.40 per cent to settle at Rs 12,550 apiece on the BSE. During the day, it jumped 3.82 per cent to reach a record high of Rs 12,724.95. On the NSE, the automaker's stock advanced 2.52 per cent to Rs 12,560 per share. During the day, the company's market valuation jumped to Rs 4,00,075.70 crore mark. At the close of trade, the company's market capitalisation (mcap) remained at Rs 3,94,575.23 crore. In the broader equity market, the 30-share BSE Sensex jumped 526.01 points or 0.73 per cent to settle at 72,996.31. The NSE Nifty went up by 118.95 points or 0.54 per cent to 22,123.65. The stock was the second biggest gainer among the Sensex and Nifty firms after Reliance Industries. The company is at the 14th rank in terms of most valued companies by market capitalisation. Reliance Industries

Maruti Suzuki announces senior management rejig; promotes several employees

Maruti Suzuki India on Wednesday said its board has elevated Partho Banerjee as the new head of marketing and sales function with effect from April 1, 2024. He is currently serving as Head - Service. Banerjee replaces Shashank Srivastava who is "transferred from the position of Head Marketing & Sales to Member Executive Committee", the auto major said in a regulatory filing. Similarly, Tarun Aggarwal has been named as Head of Engineering with effect from April 1, 2024. He replaces CV Raman who also stands transferred to Member Executive Committee, it added. Aggarwal is presently working as Executive Officer and Head of Powertrain vertical, Maruti Suzuki said. The automaker also elevated Sandeep Raina as Head of Product Planning and Ram Suresh Akella as Head of service. MSI also transferred Rajesh Uppal, currently Head of HR & IT, to the Member Executive Committee. The automaker named Manoj Gautam as Head of Information Technology (IT) and Salil B Lal as Head of Human Resources

Maruti India's gearshift to growth: Turbocharging the product portfolio

Brokerages foresee smooth ride for passenger vehicle maker, with SUV dominance, EV entry on the horizon, and Suzuki Motor Gujarat consolidation

Maruti Suzuki acquires over 6% stake in technology startup Amlgo Labs

Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making. The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups exhibiting high levels of technological innovation, the auto major said in a statement. This is the second such investment by the company. Earlier, it had invested in Sociograph Solutions in June 2022. "Our investment in Amlgo Labs will help us to further strengthen the quality of new models, using advanced analytics and machine learning," Maruti Suzuki India Managing Director and CEO Hisashi Takeuchi said.

Maruti to recall 16,000 units of Baleno, WagonR over faulty fuel pump motor

The company said that it suspected that there is a possible defect in a part of Fuel Pump Motor, which in a rare case may lead to engine stalling or engine starting issues

Maruti Suzuki hits new high in subdued market; stock zooms 20% in 2 months

Global brokerage CLSA, on Wednesday, said Maruti Suzuki could be among the key beneficiaries of increasing adoption of CNG vehicles in India

Enough safeguards in place for domestic industry in EV space: R C Bhargava

R C Bhargava tells that we support any scheme of the government that encourages new investment and new technology to come into the country, and that is what we hope will happen

PM Modi unveils India's 1st auto in-plant railway siding project of MSIL

Prime Minister Narendra Modi on Tuesday inaugurated India's first automobile in-plant railway siding project of Maruti Suzuki (MSIL) at its plant at Hansalpur in Gujarat's Mehsana district virtually from a function here. PM Modi, who visited Gujarat on Tuesday, inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch of 10 new Vande Bharat trains, from Sabarmati area of Ahmedabad in Gujarat after visiting the Dedicated Freight Corridor's (DFC) Operation Control Centre here. The MSIL's in-plant railway siding project was also inaugurated during the event. The project has been developed under the Centre's PM Gati Shakti mission in partnership with the Gujarat government, Indian Railways and MSIL at a cost of Rs 976 crore, MSIL's Executive Officer, Corporate Affairs, Rahul Bharti said. "It is for the first time in India that an in-plant railway siding for any automobile company has happened. This is the excellence of the Gati Shakti ...

Auto retail sales jump 13%, PV sales scale record high in February

PV sales moved up by 12 per cent to 330,107 units as compared to 293,803 units in February last year

Maruti Suzuki's total sales rise 15% to 197,471 units in February

Maruti Suzuki India on Friday said it has reported a 15 per cent year-on-year increase in total wholesales at 1,97,471 units in February. The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. The total domestic passenger vehicle sales grew 9 per cent at 1,60,271 units as against 147,467 units in the month a year ago, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 14,782 units as against 21,875 units in February 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, also declined by 10 per cent to 71,627 units as compared to 79,898 units in the year-ago month. Utility vehicles, including Brezza, Ertiga, Grand Vitara, and XL6, recorded sales of 61,234 units last month, growing 82 per cent over 33,550 units in the month a year ago, the company said. MSIL said its exports last month stood at 28,927 units as compared to 17,207 units