Page 21 - Maruti Suzuki

Maruti Suzuki Q4 net profit up 42.6%; firm declares dividend of Rs 90/share

The automaker also declared a dividend of Rs 90 per share

Maruti upgrades entire model range to conform to stricter emission norms

Maruti Suzuki India on Tuesday said it has upgraded its entire range of vehicles to meet the stricter emission norms under the BSVI regime. All company hatchbacks, sedans, MPVs, SUVs and commercial vehicles are now compliant with the new BSVI Phase-II real driving emissions (RDE) regulations, alongside being compatible with E20 fuel as well, the auto major said in a statement. The new RDE compliant Maruti Suzuki cars feature an enhanced on-board diagnostics (OBD) system to monitor emission control systems of the car in real-time and will notify drivers in case of any malfunction, it added. The products now also come equipped with an electronic stability control (ESC) system, MSI said. "At Maruti Suzuki, we are always finding new and innovative ways to reduce emissions from our vehicles..The Government's drive to incorporate the new BS6 Phase II norms will go a long way in controlling emissions from vehicles over their entire lifespan," Maruti Suzuki India Chief Technical Officer C

Maruti Suzuki Q4 preview: Price hikes to lift revenue, margin, say analysts

According to brokerages, Ebitda (earnings before interest, tax, depreciation, and amortisation), is expected to outpace top-line growth, rising up to 22.4 per cent QoQ to Rs 3,466 crore in Q4FY23

Maruti Suzuki launches new compact SUV Fronx at Rs 7.46 lakh in India

Maruti Suzuki India on Monday launched its new compact SUV Fronx in the country priced between Rs 7.46 lakh and Rs 13.13 lakh (ex-showroom Delhi). The model comes with 1.2-litre petrol and 1-litre turbo boosterjet engine options. The 1.2 litre trims, which come mated with manual and automated gear shift (AGS) transmissions, are priced between Rs 7.46 lakh and Rs 9.27 lakh. The manual and automatic variants powered by 1 litre turbo boosterjet engine are tagged between Rs 9.72 lakh and Rs 13.13 lakh (all prices ex-showroom Delhi). MSI had globally unveiled the Fronx at the Auto Expo earlier this year. In a statement, Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi said the automaker takes pride in being at the forefront of understanding the diverse needs of customers and industry trends. "Our success with the Brezza, which created a new compact SUV landscape in the country, is a testament to this commitment. With the rapid shift in customer preferences towards SUVs, we

Is Apple's focus on India as momentous as Suzuki's entry 40 yrs ago?

The full measure of Apple's success in India will depend on its becoming more than a phone company. Still, this promising start is sufficient for the moment, writes T N Ninan

Maruti, Hyundai witness drop in retail sale market share in FY23: FADA

Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers' body FADA. Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent. Earlier, the auto major had stated that it faced shortage of electronic components last fiscal with an order backlog of around 3.8 lakh units. Similarly, Hyundai Motor India saw an increase in retail sales at 5,25,088 units last fiscal, however its market share dropped to 14.51 per cent. It had sold 4,79,027 units

PV exports from India rise 15% in FY23; Maruti Suzuki leads segment

Passenger vehicle exports from India rose 15 per cent in FY23 with Maruti Suzuki India leading the segment with dispatches of over 2.5 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 6,62,891 units in the 2022-23 fiscal as compared to 5,77,875 units in 2021-22. Passenger car shipments saw a 10 per cent growth at 4,13,787 units, while utility vehicle exports rose 23 per cent at 2,47,493 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed. Exports of vans, however, declined to 1,611 units last fiscal, from 1,853 units in the 2021-22 fiscal year. Maruti Suzuki India (MSI) led the exports last fiscal in the passenger vehicle segment. It was followed by Hyundai Motor India and Kia India. MSI, the country's largest carmaker, exported 2,55,439 PVs last fiscal, an 8 per cent increase as compared to 2,35,670 units in the 2020-21 fiscal year. The carmaker exports to various market

Maruti launches upgraded Super Carry to boost presence in LCV segment

M&M, Tata Motors dominate LCV segment with about 80% market share between them

Planning to buy Fronx? Maruti Suzuki to launch in India next week

Maruti Suzuki Fronx is expected to sell for Rs 8 lakh and to around Rs 14 lakh (ex-showroom)

Maruti Suzuki WagonR, Alto K10 get low rating in Global NCAP crash test

Vehicle safety group Global NCAP on Tuesday said it has given one- and two-star safety ratings for adult occupant protection to Maruti Suzuki India's popular models WagonR and AltoK 10, respectively after conducting crash tests. Both the models scored zero stars for child occupant protection as per the Global NCAP's latest round of crash tests. The company, however, said its vehicles meet India's crash safety regulations which are almost similar to the standards in Europe. Global NCAP rates vehicles from zero to five based on their safety features and automobiles with a higher rating are considered safer for occupants. According to its latest test, Global NCAP stated that the Alto K10 showed a stable structure and marginal to good protection for adult chest to head in the frontal impact but showed weak protection to the chest in the side impact. The WagonR also offered weak chest protection for the driver despite the improvements in the restraint systems by Maruti Suzuki since the

Shortage of electronic parts may affect production in FY24: Maruti Suzuki

Firm has already posted a 5.6 per cent dip in March even as it says it took all possible measures to minimise the impact

Maruti Suzuki, Hyundai, Tata Motors report best-ever wholesales in FY23

Maruti Suzuki, Hyundai and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in best-ever performance to date. The country's largest carmaker Maruti Suzuki India reported its highest wholesales to date at 19,66,164 units, up 19 per cent from 16,52,653 units in 2021-22. Its domestic dispatches rose to 17,06,831 units in 2022-23, up 21 per cent from 14,14,277 units in 2021-22 fiscal. Hyundai Motor India said its overall wholesales last fiscal were the highest ever since commencing operations in the country. The automaker dispatched 7,20,565 units to dealers last fiscal, up 18 per cent from 6,10,760 units in 2021-22. Its domestic dispatches rose to 5,67,546 units last fiscal, up 18 per cent from 4,81,500 units in the 2021-22 financial year. The country's second-largest carmaker said it was its best performance to date in terms of sales volume in the domestic market in a financial year. Tata Motors also

Domestic passenger vehicle sales jump by 26.71% in FY23 to 3.889 million

Highest ever passenger vehicle sales in a financial year

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