Page 19 - Maruti Suzuki

Maruti shares climb nearly 4%, market valuation up by Rs 10,519.95 cr

Shares of Maruti Suzuki India were in the limelight on Wednesday, climbing nearly 4 per cent, taking its market valuation higher by Rs 10,519.95 crore. The stock rallied 3.61 per cent to settle at Rs 9,994.50 apiece on the BSE. During the day, it jumped 4 per cent to its 52-week high of Rs 10,036.70. On the NSE, it moved up by 3.55 per cent to end at Rs 9,990.10 per piece. During the day, shares of the carmaker advanced 4 per cent to reach its 52-week high of Rs 10,036.95. The stock was the biggest gainer among the Sensex firms. The company's market valuation climbed Rs 10,519.95 crore to Rs 3,01,913.92 crore on the BSE in-line with a surge in its share price. Maruti Suzuki India (MSI) on Wednesday launched the new Invicto at introductory prices ranging from Rs 24.8-Rs 28.4 lakh as it looks to gain a foothold in the premium three-row multi-purpose vehicle segment. The company is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with pa

Maruti Suzuki launches its multi-purpose vehicle Invicto at Rs 24.79 lakh

The company has launched Invicto in three variants and expects the model to further strengthen its presence in the overall MPV segment where it commands around 50% market share already

Looking to double turnover to Rs 1.68 trn by 2030-31: Maruti Suzuki CEO

Maruti Suzuki India is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with parent Suzuki Motor Corporation's global growth strategy, company Managing Director and CEO Hisashi Takeuchi said on Wednesday. The company expects India to "play a very big role" in Suzuki Motor Corporation's goal to achieve a global turnover of Rs 4.32 lakh crore in FY30-31, which would be exactly double the turnover of Rs 2.16 lakh crore achieved in FY21-22, he said. "Yes, of course" because we would like to make our volume double the size, Takeuchi said when asked if Maruti Suzuki India was also looking to double its turnover like its parent Suzuki. He said, "We will invest for production facility, we will invest for human resources so that we will be able to handle such a big volume by 2030. So that is our plan." Maruti Suzuki India had clocked net sales of Rs 83,798 crore in 2021-22. Takeuchi was speaking at the sidelines of the company's launch of premiu

Maruti Suzuki launches multi purpose vehicle Invicto, starts at Rs 24 lakh

Maruti Suzuki India (MSI) on Wednesday launched the new Invicto at introductory prices ranging from Rs 24.8-Rs 28.4 lakh as it looks to gain foothold in the premium three-row multi purpose vehicle segment. The company has launched Invicto in three variants and expects the model to further strengthen its presence in the overall MPV segment where it commands around 50 per cent market share already. The country's largest carmaker will source the strong hybrid model from Toyota Kirloskar Motor (TKM) as part of a global collaboration between Toyota and Suzuki. TKM already sells Innova HyCross in the domestic market and the same would be supplied to MSI with certain changes in design and other elements. Speaking at the launch event, MSI MD and CEO Hisashi Takeuchi said the model has been carefully crafted to match the modern taste of NEXA customers, who want a premium three-row vehicle with dynamism of an SUV. He noted that Grand Vitara, Fronx and Jimny have substantially enhanced the .

Maruti Suzuki production declines 5% YoY in June 2023, SUV production up

Maruti's sedan Ciaz also registered a 77 per cent jump in production numbers from 1,519 units in June 2022 to 2,694 units in June 2023

India's June passenger vehicle sales climb on account of new launches

Auto sales numbers are keenly watched as they are a key indicator for assessing private consumption, which has more than 50% weightage in calculating the country's economic growth

Maruti Suzuki reports 2% rise in retail sales at 159,418 units in June

The country's largest carmaker Maruti Suzuki India (MSI) on Saturday reported 2 per cent increase in total wholesales at 1,59,418 units in June. The company had dispatched 1,55,857 units to dealers in June 2022, MSI said in a statement. Last month, the company's domestic passenger vehicle sales rose 8 per cent to 1,33,027 units as against 1,22,685 units in the year-ago period, it added. Sales of mini cars, comprising Alto and S-Presso, fell marginally to 14,054 units as compared with 14,442 units in the same month last year. Similarly, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, slumped 17 per cent to 64,471 units as against 77,746 cars in June 2022. Sales of mid-sized sedan Ciaz increased to 1,744 units as compared with 1,507 units in June last year. Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, surged over two-fold to 43,404 units as compared with 18,860 vehicles in the year-ago month, MSI said. Exports dec

Auto shares in fast lane; Tata Motors, M&M, Maruti Suzuki hit 52-week highs

M&M hit a record high of Rs 1,440.75, up 3 per cent on the BSE

Five-door Jimny to be launched in Australia with ADAS features as standard

This is because of the prevailing regulations in Australia that mandate all new cars to have Autonomous Emergency Braking (AEB) which is a feature counted as ADAS

Mahindra's 5-door Thar to be launched in South Africa on Aug 15; details

Operating in South Africa since 1996, M&M has registered a recent spike in sales in the country

Bookings begin for Maruti Suzuki MPV Invicto at Rs 25,000; launch on July 5

This is Maruti's own version of the Toyota Innova, the best-selling premium multi-purpose vehicle (MPV) in the country

Stocks to Watch today, June 14: Adani Group, Zee, RIL, Maruti, SBI Life

Stocks to watch on June 14, 2023: BHEL, Delta Corp, Indiabulls Housing Finance, IEX, India Cements and Manappuram Finance are the six stocks in F&O ban period today.

4x4 war goes off-road: Maruti's Jimny has foot on lifestyle SUV throttle

MSIL has been exporting the three-door Jimny since 2021, and plans to start exporting the five-door version of the car

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.