Page 19 - Maruti Suzuki

Health, holiday, happiness and more: Diwali wish list of India Inc honchos

The first big Diwali after the pandemic has industry leaders approaching the festival in a contemplative mood

Automobile dealers flag 'distress' if Diwali sales fail to dazzle

The country's largest passenger car maker Maruti Suzuki India (MSIL) agreed that inventory levels are inching up in some models

Maruti to boost flexibility in mfg to roll out vehicles as per mkt demand

Maruti Suzuki India is looking to bring in more flexibility in its production processes in order to produce vehicles as per the evolving market scenario, according to a senior company official. The country's largest carmaker is looking to strengthen the production of high selling utility vehicles while curtailing the roll out of the entry level cars. "Diverging demand patterns between utility vehicles and the small car segment is continuing. The company is working on increasing the flexibility in operations to produce vehicles as per the evolving market demand," Maruti Suzuki India Executive Officer Corporate Affairs Rahul Bharti said in an analyst call. He noted that the automaker has discovered that one of the reasons for the recent dip in the margins is because it was producing "some slow-moving cars". "And we did not have sufficient production capacity for the cars that had demand. If we had the flexibility of both, whether it is semiconductor supplies or in-house production, w

Maruti Suzuki records highest-ever monthly sale; sells 199,217 units in Oct

Utility vehicle sales for the company stood at 59,147 units in October 2023 which was almost double the 30,971 units sold in October 2022

Market share and margins to take the wheel for Maruti Suzuki India

Volume trajectory to hit the accelerator powered by festival season sales

Record sales drive up Maruti Suzuki India profit 78% to all-time high

India's largest carmaker reported a 6.3 per cent year-on-year (Y-o-Y) increase in domestic passenger vehicle (PV) sales, at 482,731 units, in Q2 of FY24

Weekend Bites: Bears rule, biggies declare results, feeble campus hiring

In which we munch over the week's platter of news and views

Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts

Maruti Suzuki India Q2 preview: At the bottomline level, analysts expect the company's standalone net profit to rise up to 66 per cent year-on-year

India recorded flat car and SUV sales in Navratri this year: Report

Between Shraadh and Navratri this year, the total car sales were around 330,000 units, 16% higher than 283,000 last year

As Pak Suzuki plans to delist, a glance at Pakistan's automobile industry

Auto sector in Pakistan has registered a huge decline in sales volumes from the latter half of 2022, thanks to the import restrictions imposed by SBP on the import of CKD kits of vehicles

Deep discounts on offer to light up car sales in India before Diwali

Average October discounts are up 40-50% compared to last year

MSIL to issue shares worth Rs 12,841 cr to acquire Gujarat plant from SMC

Share issue will raise Suzuki Motor Corporation's ownership in Maruti Suzuki India to 58.19%

War cry for 50%: Maruti's rise to number 1 in SUVs is the result of rejig

Hatchbacks still constitute 30 per cent of the passenger vehicle market. The top three cars in India are still small cars: Swift, Baleno and WagonR. Incidentally, all three are Maruti models

Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'

In which we munch over the week's platter of news and views

Maruti Suzuki signs MoU with IDBI to provide dealer financing solutions

The country's largest car maker Maruti Suzuki India has signed an initial pact with IDBI Bank to offer financing solutions for dealers. The new alliance will empower over 4,000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital needs, the automaker said in a statement on Tuesday. A Memorandum of Understanding (MoU) has been signed with IDBI Bank in this regard. "We have worked closely with IDBI Bank in developing curated products and end-to-end working capital solutions for our dealer partners across the country," Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said. Dealer partners are the backbone of the company's business and the automaker is committed to supporting them in enhancing their capabilities to address the growing Indian passenger vehicle market, he added. "IDBI Bank's supply chain finance will provide easy access to working capital finance to the dealers of

Maruti Suzuki eyes higher growth, market share gains with expansion

The company is also looking at a higher share of SUV with higher average selling prices and realisations

Maruti cranks up capital expenditure with Rs 1.25 trillion 8-year plan

MSIL operates with a total production capacity of 2.25 million units annually, with the Gujarat plant contributing about 750,000 units per annum to this figure

Capex till 2030-31 could be Rs 1.25 trn on product expansion: Maruti Suzuki

Maruti Suzuki India's capex till 2030-31 could be around Rs 1.25 lakh crore as it plans to enhance product range to 28 models from 17 currently and expand production capacity, according to a regulatory filing. The country's largest carmaker is lining up capex to expand its total production capacity to 40 lakh units per annum by 2030-31. "The regular capex in the existing plants at Gurgaon, Manesar and Gujarat will continue. The amount in 2022-23 was around Rs 7,500 crore. Total capex till 2030-31 could be as much as Rs 1.25 lakh crore," Maruti Suzuki India (MSI) said. In a presentation for shareholders, analysts and proxy advisors, the auto major stated that it will need about Rs 45,000 crore to create a capacity of 20 lakh units. This is based on current costs and a small amount for cost escalation, it noted. Elaborating on the benefits of issuing shares on a preferential basis to Suzuki Motor Corporation (SMC) rather than utilising cash for the acquisition of Suzuki Motor Gujar

Stocks to Watch today: Marico, OMCs, Sheela Foam, Suryoday SFB, defence

Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services