Page 18 - Maruti Suzuki

Maruti Suzuki plans to double production capacity to 4 mn over 8 years

The company will also take up suggestions by shareholders for a stock split to its board for consideration, he said while speaking at the annual general meeting of the carmaker

Maruti Suzuki India to double car dispatch through rail in three years

In the last eight years, MSIL increased its car dispatches by five times. In FY15, the company had transported just 65,700 units by rail

Leader as challenger: What does Maruti's EV onslaught mean for Tata Motors?

"We will have at least six models and will start from the premium end, maybe with a sports utility vehicle," says R C Bhargava, Chairman, Maruti Suzuki India

Strong market demand may return best-ever car sales this festive season

The festive season starts around August with Onam and Rakhshabandhan and concludes with Diwali in November

Maruti to issue preferential equity shares to Suzuki to buy Gujarat plant

MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal

Maruti expected to launch 10 new models in next 8 years: Bhargava

"We expect the demand for exports to continue to grow and export volumes are projected at 750,000-800,000 cars by FY31," he mentioned

Maruti 3.0: To add 2 mn units per annum capacity in 9 yrs, says RC Bgargava

Maruti Suzuki India is kicking off 'Maruti 3.0' targeting to add another 20 lakh units production capacity in nine years with about 28 different models in the market by FY31, according to the company's Chairman R C Bhargava. As SUV sales continue to gain momentum in India with no prospects of demand for the smaller entry-level car market recovering to the growth rates of the past, the company, known for its small cars, is now restructuring its production facilities to "conform to the realities and what we are projecting for the future", he said in his address to the company's shareholders in the Annual Report for 2022-23. Bhargava also said while the Indian car industry is not expected "to grow in double digits, like what happened in China in the past, we do expect that a 6 per cent growth rate will be maintained till FY 2030-31". Highlighting the steps taken by the company to meet future demand, he said, "What is now being planned can be said to be the start of 'Maruti 3.0'. Our ..

Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24

The Indian economy, on the other hand, has been performing well and auto sales have remained robust

Maruti Suzuki entry-level hatchback Alto crosses 4.5 million sales mark

Maruti Suzuki India (MSI) on Thursday said its entry-level hatchback Alto has crossed the 45 lakh sales milestone. The company first introduced the model in the year 2000 and by 2004 it became the country's highest-selling car. It crossed the 10 lakh sales mark in 2008; 20 lakh in 2012; 30 lakh mark in 2016. In August 2020, the model crossed the 40 lakh sales mark. "Achieving the 45 lakh customer milestone is a testimony to the unwavering support and trust that our customers have placed in us," MSI Senior Executive Officer (Marketing & Sales) Shashank Srivastava said in a statement. The company is confident that brand Alto will continue to delight lakhs of more families with its undisputed legacy and exceptional ownership experience, he added.

Buyout impact, margin worries likely to cap gains for Maruti Suzuki

Brokerages expect 3-4% hit to earnings per share for FY25

Maruti Suzuki sales up 3.2% to 181,360 vehicles in July, thanks to SUVs

Utility vehicles (UV) of Maruti Suzuki include Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, S-cross, and XL6

Maruti Suzuki Q1FY24 results: Net profit up 145% YoY, revenue up 22%

The company approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG)

Maruti Suzuki to acquire Suzuki Motor Gujarat from Japanese parent co

Marut Suzuki India on Monday said its board has approved the acquisition of the entire stake in Suzuki Motor Gujarat from Japan-based parent Suzuki Motor Corporation. Currently, Suzuki Motor Corporation (SMC) owns a 100 per cent stake in Suzuki Motor Gujarat (SMG) which supplies its entire production to Maruti Suzuki. Maruti Suzuki board in its meeting held on Monday approved the termination of the contract manufacturing agreement with SMG, the auto major said in a regulatory filing. The company's board also approved to exercise the option to acquire SMG stake from SMC subject to all legal and regulatory compliances including minority shareholders' approval. The auto major expects to complete the transaction by March 31, 2024. It noted that the mode of acquisition including consideration to be paid to SMC shall be decided in a subsequent board meeting. With the growth of the Indian car market and export potential, Maruti Suzuki would need to increase its production capacity to ab

Stocks to Watch: Tata Steel, RIL, Maruti, TVS Motor, HDFC AMC, JK Paper

Stocks to Watch on July 25, 2023: Asian Paints, Bajaj Auto, Cyient, CEAT, Delta Corp, Jubilant FoodWorks, KPIT Tech, Larsen & Toubro, SBI Life and Tata Motors will release their Q1 results today

Bharat NCAP right step to encourage production of safe cars: Auto Cos

Auto majors Mahindra & Mahindra, Maruti Suzuki and Toyota have termed the upcoming Bharat New Car Assessment Programme (BNCAP) as a bold step in the right direction for the domestic industry. While welcoming the initiative, the automakers noted that it would encourage the production of safer cars in the country. "We at Mahindra believe it is one of the bold steps by the Ministry of road transport and we welcome the implementation of Bharat NCAP," Mahindra & Mahindra President, Automotive Technology and Product Development Velusamy R told PTI. This initiative of MoRTH will generate equal opportunities and create healthy competition among OEMs to make safer models for Indian customers, he added. "It is also expected that the government should give some benefits to OEMs that make safer cars to encourage them to continue to do so. This will encourage OEMs to make their cars much safer and offer them to Indian customers at reasonable prices," Velusamy R stated. Maruti Suzuki India .

Maruti Suzuki launches CNG trim of compact SUV Fronx at Rs 8.41 lakh

Maruti Suzuki India (MSI) on Wednesday said it has launched a CNG trim of its compact SUV Fronx with price starting at Rs 8.41 lakh (ex-showroom). The two trims -- Sigma and Delta -- are tagged at Rs 8.41 lakh and Rs 9.27 lakh, respectively. The CNG variants come mated with a 1.2 litre petrol engine with a power output of 77.5PS and a fuel efficiency of 28.51 km/kg. "In 2010, we introduced our first CNG-equipped model, and since then, we have sold more than 1.4 million S-CNG vehicles in the country, which is a true testament to our customers' trust and faith in our technology," MSI Senior Executive Officer (Marketing and Sales) Shashank Srivastava said in a statement. The company is confident that the Fronx S-CNG will increase the share of S-CNG cars in its overall sales, and further strengthen the green mobility portfolio, now consisting of 15 models which is the best in the industry, he added.

More than budget carmaker: Maruti leads Rs 10-20 lakh segment at 23% share

Maruti Suzuki has been pushing for sales in the premium segment via its Nexa outlets as it looks to secure improved profitability, better margins and high-income customers

Maruti Suzuki hopes to deliver more cars to customers this festive season

Maruti Suzuki expects to keep growing faster than the domestic passenger vehicle industry riding on the back of strong demand for its models especially the SUV range, according to a senior company executive. The auto major anticipates the overall passenger vehicle market to grow in the range of 5-7 per cent this fiscal. In an interaction with PTI, Maruti Suzuki India (MSI) Senior Executive Officer (Marketing and Sales) Shashank Srivastava said the PV industry is expected to close the current fiscal at 40.5-41.3 lakh units. "We have not revised our estimates which we had made at the beginning of the year. We said the industry growth would be in the 5-7 per cent range and our growth should be higher than the industry," Srivastava said. He noted that in the first quarter, the company grew by 12.2 per cent while the industry grew by around 9.5 per cent. Srivastava said that the demand remains fairly robust so far in the fiscal with the April-June period turning out to be the best quar

Batch of 556 vehicles shipped as Maruti Suzuki commences exports of Fronx

Maruti Suzuki on Thursday said it has initiated exports of the newly launched model Fronx. The first batch of 556 vehicles was shipped from Mundra, Mumbai and Pipavav Ports to destinations in Latin America, the Middle East and Africa, the country's largest carmaker said in a statement. "The newly launched Fronx is an important model in our portfolio, and we are confident that it will augment our ambitious export plans," Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi noted. Aligned with the Government of India's efforts towards Make in India, the automaker is focused on leading the export of cars manufactured in India, he added. "With support from our parent company, Suzuki Motor Corporation, Japan we have expanded our portfolio and are now exporting to more markets," Takeuchi said.

Tech view: Maruti could rally up to Rs 10,700 in the near-term

The share price of Maruti crossed Rs 10,000 mark for the first-time ever on Wednesday, after the company launched Invicto - its first car in Rs 20 plus lakh segment.