Page 19 - Maruti Suzuki

Maruti prices Jimny competitively at Rs 12.74 lakh to match Mahindra Thar

Car to play key role in MSIL's goal of becoming country's top SUV maker; M&M to challenge competition by bringing out a 5-door version of the Thar

Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass

Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms

Maruti Suzuki starts work on solar power plant to achieve carbon neutrality

Maruti Suzuki India on Monday said it has initiated work on two new solar power plants at the company's facilities to strengthen its commitment to carbon neutrality. The two solar power plants, namely 1.85 MWp at R&D Centre, Rohtak, and 20 MWp at Manesar will be commissioned in FY 2023-24 and FY 2024-25, respectively, the auto major said in a statement. With this, the company's total solar power capacity across all facilities will reach 48.15 MWp, it added. MSI said it is also increasing the share of green power sourced from the Haryana State Electricity Board for its consumption. "We have been increasing the share of power generated through renewable sources of energy since the start of our first solar power plant in 2014," Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi noted. The announcement of the new solar power projects at Manesar and Rohtak accelerates the company's efforts in this direction, he added. By 2024-25, more than 30 per cent of the company's ...

Maruti Suzuki total wholesales jump 10% on-year to 178,083 units in May

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 10 per cent increase in total wholesales at 1,78,083 units in May. The company had sold 1,61,413 units in May 2022, MSI said in a statement. Last month, the company's domestic sales rose 13 per cent to 1,51,606 units as against 1,34,222 units in May 2022, it added. Total domestic passenger vehicle sales were higher 15 per cent to 1,43,708 units as compared with 1,24,474 units in the same month last year. Sales of mini cars, comprising Alto and S-Presso, fell 30 per cent to 12,236 units as compared with 17,408 units in the year-ago period. Compact cars sales, including models such as Swift, Celerio, Ignis, Baleno and Dzire, increased 5 per cent to 71,419 units as against 67,947 units in May 2022. Sales of mid-sized sedan Ciaz last month increased to 992 units from 586 units in the year-ago period. Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, rose 65 per cent to 46,243 units as again

Maruti Suzuki Jimny 2023 | All you need to know about the new Gypsy

Maruti Suzuki (MS) is all set to bring its much-awaited, five-door off-roader Jimny into the market on June 7. Here's all you need to know about the new Gypsy.

Maruti Suzuki expects production loss in Q1; anticipates relief from July

Maruti Suzuki India expects production loss to continue in the first quarter with some relief anticipated in the July-September period as it continues to grapple with the shortage of electronic components, according to a senior company official. The country's largest carmaker has been facing a shortage of chips for a while which has impacted its supplies to cater to the market demand. "We lost 1.7 lakh units last fiscal. Our loss in the third quarter of the last financial year was around 45,000 units. Similarly, we lost around 38,000 units in the fourth quarter," Maruti Suzuki India (MSI) Senior Executive Officer (Sales and Marketing) Shashank Srivastava said in an interaction. With demand outpacing supply, the auto major has seen its pending order book stretch to over 4 lakh units with Ertiga leading the pack with close to 1 lakh bookings. Srivastava noted that with the current supply situation, the company incurred a production loss in April and anticipates a similar situation to

Maruti Suzuki partners with Cholamandalam Investment and Finance Company

Maruti Suzuki India Ltd on Monday said it has partnered with Cholamandalam Investment and Finance Company Ltd (Chola) for inventory financing for its dealer partners. The new alliance will empower over 3,600 Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements, the company said in a statement. "We have worked closely with Cholamandalam in developing personalised offers and end-to-end working capital solutions for our dealer partners across the country," Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said. Cholamandalam Investment and Finance Company Ltd Executive Director Ravindra Kundu said, "with our strong network of 1,191 plus branches across India, we aim to offer the (Maruti) dealers a never-before experience through customised finance packages that would come with speedy, convenient and transparent processes.

Maruti Suzuki working on various initiatives to make roads safer: Official

Maruti Suzuki India is working on multiple initiatives, including setting up driver training institutes and fully automated driving test tracks, in order to make roads safer, a senior company executive said on Friday. The auto major has now automated all 12 driving test tracks in Delhi as part of the Memorandum of Agreement (MoA) with the Department of Transport, NCT of Delhi signed in December 2017. As part of the initiative, Maruti Suzuki's automated driving test track at Lado Sarai was inaugurated by Delhi Government Principal Secretary for Transport Ashish Kundra on Friday. Maruti Suzuki Executive Officer - Corporate Affairs Rahul Bharti said the company has been working hard over the past two decades on all five pillars of road safety -- engineering, education, evaluation, enforcement and emergency care. He noted that as the country's largest carmaker, it is company's responsibility to work towards enhancing safety for people on the roads. While the car safety norms keep ...

Axis Bank, L&T, Thermax: Chris Wood rejigs India equity portfolio

Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance.

Maruti Suzuki's WagonR crosses 3 million sales milestone in 2 decades

Maruti Suzuki India on Tuesday said its hatchback WagonR has crossed 30 lakh milestone in over two decades. The model, which was introduced in the market in 1999, achieved 5 lakh sales mark in 2008; 20 lakh in 2017; 25 lakh in 2021 and 30 lakh milestone in 2023. "WagonR's continued success with over 3 million cumulative sales is a testament to its undisputed reign as one of the most iconic Indian hatchbacks," Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Shashank Srivastava said in a statement. Since its launch, WagonR has constantly evolved and risen to the pulse of changing customer preferences, he added. The model has the highest percentage of repeat buyers as 24 per cent of its customers prefer to upgrade to a new WagonR, Srivastava said.

Maruti rolls out first Jimny out of Gurugram plant, deliveries next month

Maruti hopes to rival Mahindra Thar with its simple, practical and no-nonsense off-roader which is based on a ladder-frame chassis giving it a traditional SUV character

Passenger vehicle dispatches jumped 13% to 331,278 units in April: SIAM

Two-wheeler dispatches increased by 15% to 1,338,588 units in April

Maruti Suzuki to invest $5.5 bn by 2030 to double its capacity in India

It will invest Rs 45,000 crore to start eight assembly lines with an annual production capacity of 250,000 units each across two new facilities

Maruti Suzuki sees digital share in ad spends stabilising at about a third

Country's largest automaker Maruti Suzuki sees share of ad spends on digital stabilising at the current levels of being about a third of the overall pie, a senior official said on Tuesday. The share of digital has grown to 30-32 per cent of the overall spends now, Maruti Suzuki India Executive Director for Marketing Ram Suresh Akella told PTI on the sidelines of an event hosted by social media giant Meta here. "I think we are almost theremay be a little more," Akella said, replying to a specific question on where he sees the share of digital in the overall pie going ahead. Asked if he sees the share of digital in the overall spends plateauing, he replied in the affirmative. In a February news report, a senior company executive was quoted as saying that the overall ad spends by the company will be about Rs 800 crore in FY23, of which Rs 200 crore will be on digital. Akella said from the automobile industry's perspective, the traditional medium of television continues to hold a lot

EV push, pent-up demand: Why auto exports fell in April amid healthy sales?

According to experts, it may take some time for auto exports to touch 2016 peak numbers

The voice of labour repressed and management during the pandemic

This week in BS also looked at a book about a group of individuals who are on a mission to fight ransomware

Automakers to launch six new SUVs in India in next two years: Report

SUV market share in India is expected to rise from its current 43% by the end of 2024-2025 to 48%, industry estimates said

Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine

Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase

A case study in labour vs management

Anjali Deshpande and Nandita Haksar's book examines the 2012 violence at Maruti Suzuki's Manesar plant and offers a rare worker's perspective on labour management practices in India

Maruti Suzuki expects recovery in semiconductor chip shortage in Q2

BENGALURU (Reuters) - Maruti Suzuki India Ltd expects some recovery in chip shortages in the second quarter, an executive at the country's top carmaker said on Monday.