Page 21 - Maruti Suzuki

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.

Maruti Suzuki India's sales jump 6.5% in April, exports drop by 8%

The total domestic sales were up from 132,248 units in April last year to 143,558 units this year

Maruti Suzuki can put pedal to rerating metal on volume, market gains

There could be margin pressures in the near term, given commodity costs

Maruti Suzuki remains vulnerable to supply side bottlenecks: Official

Maruti Suzuki India remains "vulnerable to supply side bottlenecks" this fiscal even as it looks to source electronic components through multiple sources, according to a senior company official. The country's largest carmaker, which could not produce around 1.7 lakh units last fiscal due to semiconductor shortage, is also coming up with measures to reduce the usage of certain kinds of chips in its cars. "The problem (chip shortage) is a global one..it could affect different models, different companies, different modules differently..all our efforts are to organise supplies through multiple sources," Maruti Suzuki India (MSI) Executive Officer (Corporate Affairs) Rahul Bharti said in an analyst call. He noted that the company is working to do away with certain chips in some models/trims where the requirement is superfluous. "If there is a particular semiconductor in a particular variant of a model which is superfluous and not required..so we are removing all such needs so that our .

Indian car market to see new variants, facelifts, all-new vehicles soon

Arguably, the most-awaited, Maruti is expected to launch its all-new, five-door Jimny in May

Nifty ends April F&O series above 17900; Bajaj twins, Bharti Airtel support

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649