Page 21 - Maruti Suzuki

Maruti Suzuki sales dip marginally in March; highest ever sales in FY23

Maruti Suzuki India on Saturday said its total sales declined marginally to 1,70,071 last month as compared with 1,70,395 units in March 2022. Total dispatches to dealers in the domestic market declined 3 per cent to 1,39,952 units as compared with 1,43,899 units in March 2022. Exports last month however increased 14 per cent to 30,119 units from 26,496 units in the year-ago period. For the last financial year, the company reported its highest ever wholesales till date at 19,66,164 units, up 19 per cent from 16,52,653 units in 2021-22. Domestic dispatches stood at 17,06,831 units in 2022-23 as against 14,14,277 units in 2021-22. Exports rose to 2,59,333 units from 2,38,376 units a year ago.

Maruti targets sales through Nexa outlets to overtake peer volumes

Maruti Suzuki India is targeting for its premium vehicles sold through the Nexa retail outlets to be more than the respective overall sales of Hyundai and Tata Motors by next year, according to Senior Executive Officer, Marketing and Sales, Shashank Srivastava. The Nexa retail chain, started in 2015 to sell Maruti Suzuki's premium vehicles, has crossed the cumulative sales milestone of 20 lakh units. It currently sells models such as Baleno, Ignis, Ciaz, XL6 and Grand Vitara. Upcoming SUVs Fronx and Jimny will also be sold through the chain. The company, which has decided to increase prices of its vehicles from April, feels that response of consumers to the increase in vehicle prices by auto manufacturers to meet regulatory requirements needs to be watched out for, although it expects passenger vehicle sales to grow between 5 per cent and 7.5 per cent in FY24. "We have completed the two million mark for the Nexa. The first million came in four years, the next million has come in thr

Maruti to hike prices from April amid continued rise in input costs

This is Maruti's second price increase this year

Maruti Suzuki to hike prices from April to offset inflation impact

Maruti Suzuki India on Thursday said it will increase prices of its model range in April to partially offset the impact of "overall inflation and regulatory requirements". The auto major, however, did not share the quantum of the price hike it intends to implement from next month. The company continues to witness increased cost pressure driven by overall inflation and regulatory requirements, the auto maker said in a regulatory filing. While the company makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase, it added. The company has planned this price increase in April, 2023, which shall vary across models, Maruti Suzuki India stated. Already several automakers, including Honda Cars, Tata Motors and Hero MotoCorp, have announced increase in prices from April. The Indian automobile industry is currently working to make their products meet the second phase of BSVI emission norms. From

Footfalls, enquiries hit speed-breaker at car dealerships, visits dip 8-10%

Slowdown began showing up in Jan, though there has been some improvement in March second half

Maruti Suzuki launches Brezza CNG priced up to Rs 12.05 lakh

Maruti Suzuki India on Friday said it has launched CNG trims of its compact SUV Brezza priced between Rs 9.14 lakh and Rs 12.05 lakh (ex-showroom Delhi). Brezza S-CNG trims come mated with five-speed manual transmission and deliver a fuel efficiency of 25.51 km/kg, the auto major said in a statement. "We are confident that the Brezza will once again disrupt the segment with the S-CNG version," Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava noted. The company's S-CNG models currently account for 24 per cent of the overall sales, he added. "And CNG sales for models such as the Ertiga and WagonR account for as high as 57 per cent and 41 per cent of total model sales, respectively," Srivastava stated. Moreover, with the government's initiatives aimed at the proliferation of CNG pumps across the nation, these numbers are likely to see a surge in the coming years, he added.

Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market

ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure

Maruti, Hyundai market share dips in Feb; Tata, Mahindra gain: FADA

Maruti Suzuki India and Hyundai Motor India saw a dip in their market share in February while Tata Motors, Mahindra and Kia India witnessed an year on year increase last month. As per the retail sales data collated by the Federation of Automobile Dealers Associations (FADA), Maruti Suzuki's retail sales last month stood at 1,18,892 units as compared with 1,09,611 units in February 2022. The auto major's market share however declined marginally to 41.40 per cent in February from 42.36 per cent in the year-ago period. Similarly, Hyundai Motor India's market share last month dipped to 13.62 per cent against 14.95 per cent in February 2022. The company retailed 39,106 units last month as compared with 38,688 units in the same month last year. As per FADA, Tata Motors retail sales rose to 38,965 units in February from 34,055 units in the year ago period. Its market share rose to 13.57 per cent last month from 13.16 per cent in February 2022. Similarly, Mahindra & Mahindra saw its ...

Maruti Suzuki expects chip shortage to continue for few more quarters

Maruti Suzuki India expects semiconductor shortage to continue for the next few quarters leading to further increase in order backlog of certain models, according to a senior company official. The country's largest carmaker has seen its pending bookings stretch to 3.69 lakh units with Ertiga leading the pack with close to 94,000 bookings. Other models like Grand Vitara and Brezza have an order backlog of around 37,000 and 61,500 units, respectively. Further, the company has received around 22,000 and 12,000 bookings, respectively, for Jimny and Fronx. Due to the chip shortage, Maruti Suzuki India (MSI) has already witnessed a production loss of close to 46,000 units in October-December period and is expecting some impact on the production in the ongoing quarter as well. "The semiconductor shortage still continues. Last quarter we lost 46,000 units due to this issue and this quarter also the problem continues for a few models," Maruti Suzuki India Senior Executive Officer (Marketin

Overall passenger vehicle dispatches cross 335,000 units in February

Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 1,55,114 units in February as compared with 1,40,035 units in the same month last year. The sales of mini segment cars, comprising Alto and S-Presso, grew to 21,875 units as against 19,691 units in February 2022. According to the automaker, the sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose to 79,898 units in February as compared with 77,795 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross

Maruti Suzuki's rural market sales racing to reach the urban mark

Maruti Suzuki says proudly that they have helped to sell at least one car in 4.18 lakh villages

Ignis car costlier as Maruti Suzuki hikes prices by up to Rs 27,000

Maruti Suzuki India on Friday said it has increased prices of its premium compact model Ignis by up to Rs 27,000 (ex-showroom Delhi) with the addition of new features. The model is now being equipped with electronic stability programme (ESP) and Hill Hold Assist as standard feature across all the variants providing an added safety shield for customers, the country's largest carmaker said in a regulatory filing. The Ignis is also compliant with the upcoming E20 and Real Driving Emission (RDE) norms, it added. "The price change varies across trims and ranges up to Rs 27,000 (ex-showroom - Delhi)," Maruti Suzuki India said. The new prices are effective with immediate effect, it added.

With 33% market share, Maruti eyes top slot in SUV space by FY24

At the moment, Tata Motors, Hyundai Motors India and Mahindra and Mahindra lead the SUV market

Maruti Suzuki ties up with SMAS Auto to boost vehicles subscription

Maruti Suzuki India on Wednesday said it has partnered with SMAS Auto Leasing India Pvt Ltd to enhance its vehicles subscription programme. SMAS is the fifth partner to offer a range of the company's vehicles on white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, Maruti Suzuki India said in a statement. Maruti Suzuki Subscribe with SMAS is now available across cities, including Delhi, Gurugram, Noida, Mumbai, Pune, Bengaluru, Hyderabad and Chennai, it added. Maruti Suzuki India Senior Executive Officer, Marketing and Sales Shashank Srivastava said since its introduction two years ago, the Maruti Suzuki Subscribe programme has received good response, specially from "today's asset-light generation who prefer flexible buying decisions". "Through new partnerships and city expansions, we wish to expand our reach even more and serve our customers with more ease and convenience, he added. SMAS Auto Leasing Genera

Maruti's share in Suzuki revenue jumps to 40.9% in April-December

Maruti's share in its global revenues jumped from 33.42 per cent in April-December period of FY22 to 40.93 per cent in the corresponding period of FY23

Maruti Suzuki total sales surge 12% to 172,535 units in January

The country's largest carmaker Maruti Suzuki India on Wednesday reported a 12 per cent increase in total sales at 1,72,535 units in January. The company had sold a total of 1,54,379 units in the year-ago period, Maruti Suzuki India Ltd (MSIL) said in a statement. Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said the industry began with a low network stock because of high retails in December. "Therefore, the depleted inventory resulted in slightly muted retails, taking up the network stock to 1.84 lakh units. On the demand side, the enquiries and bookings have been steady despite price hikes done by several OEMs," he noted. Constraints of production still continue due to the semiconductor supply situation, which resulted in some loss in wholesales as well as retail, Srivastava

Maruti Suzuki India's pending orders rise to around 405,000 units in Jan

Maruti Suzuki India's pending orders have jumped to around 4.05 lakh units this month as the inflow of bookings continues to be steady, while newly introduced SUVs Jimny and Fronx also added to the numbers, according to a senior company official. The bookings for Jimny have crossed 11,000 units, while that of Fronx is around 4,000 units. In the third quarter ended December 2022, the company's pending customer orders stood at about 3.63 lakh vehicles, out of which about 1.19 lakh orders were for newly launched models. "We are at around 4,05,000 bookings (at present), which are pending, and that means that we are seeing in the flow of bookings and of inquiries at a pretty good level," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava told PTI. Compared to January 2022, the inquiry is higher by 28 per cent and bookings by 16 per cent in the same month this year, he said. The increase in pending orders has also been accelerated by the company's two .

Price hikes, top-end car sales drive Maruti Q3 net up 130% to Rs 2,391 cr

Favourable forex variation, softening commodity prices and higher non-operating income drive performance, consolidated revenue jumps 26.9% to Rs 29,918 crore

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Maruti Suzuki's net profit in Q3FY23 more than doubles, revenue up 25%

Maruti Suzuki Q3 results: The company sold 465,911 vehicles in the quarter, up from 430,668 units the same quarter last year