Page 23 - Maruti Suzuki

Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion

Maruti Suzuki (up 4% at Rs 10,390) and M&M (up 2% at Rs 1,604.55) hit their respective new highs, and rallied up to 9% in the past five days as compared to a less than 1% rise in the S&P BSE Sensex.

Maruti to Amul: Disney Star onboards 18 sponsors for Asia Cup 2023

Asia Cup 2023 is set to take place from August 30 to September 17 and the tournament will be broadcast live on Star Sports Network and Disney+ Hotstar

Maruti Suzuki to invest Rs 45,000 crore to double capacity in 8 years

Company chairman Bhargava defends decision to issue equity shares on preferential basis to parent Suzuki Motor Corporation

Maruti Suzuki India appoints Schneider's executive Arnab Roy as CFO

Roy to take charge as CFO from January 1, 2024

Maruti Suzuki India announces appointment of Arnab Roy as CFO Designate

Maruti Suzuki India on Tuesday announced appointment of Arnab Roy as CFO Designate with effect from October 16, 2023. He will succeed present CFO Ajay Seth who will retire at the end of this year. Seth shall be superannuating from the post of wholetime CFO of the company with effect from close of business hours of December 31, 2023, Maruti Suzuki India said in a regulatory filing. The board in its meeting held on Tuesday approved the appointment of Roy as CFO Designate from October 16, 2023 and wholetime CFO from January 1, 2024, it said. After his superannuation, Seth will continue to be a Member - Executive Board (MEB), the filing said. Roy has 26 years of experience with US, British and French MNCs handling all aspects of Finance & Accounts, the company said. Since January 2022, he has been serving as Zone Chief Financial Officer for Greater India Region covering all Schneider businesses. He earned his bachelor's degree in Economics, Statistics and Maths from Ranchi Universi

Arnab Roy to be Maruti Suzuki's new CFO from January 1, Ajay Seth to retire

Ajay Seth, current CFO of the company, will step down from his post on December 31 on account of superannuation

Maruti Suzuki plans to double production capacity to 4 mn over 8 years

The company will also take up suggestions by shareholders for a stock split to its board for consideration, he said while speaking at the annual general meeting of the carmaker

Maruti Suzuki India to double car dispatch through rail in three years

In the last eight years, MSIL increased its car dispatches by five times. In FY15, the company had transported just 65,700 units by rail

Leader as challenger: What does Maruti's EV onslaught mean for Tata Motors?

"We will have at least six models and will start from the premium end, maybe with a sports utility vehicle," says R C Bhargava, Chairman, Maruti Suzuki India

Strong market demand may return best-ever car sales this festive season

The festive season starts around August with Onam and Rakhshabandhan and concludes with Diwali in November

Maruti to issue preferential equity shares to Suzuki to buy Gujarat plant

MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal

Maruti expected to launch 10 new models in next 8 years: Bhargava

"We expect the demand for exports to continue to grow and export volumes are projected at 750,000-800,000 cars by FY31," he mentioned

Maruti 3.0: To add 2 mn units per annum capacity in 9 yrs, says RC Bgargava

Maruti Suzuki India is kicking off 'Maruti 3.0' targeting to add another 20 lakh units production capacity in nine years with about 28 different models in the market by FY31, according to the company's Chairman R C Bhargava. As SUV sales continue to gain momentum in India with no prospects of demand for the smaller entry-level car market recovering to the growth rates of the past, the company, known for its small cars, is now restructuring its production facilities to "conform to the realities and what we are projecting for the future", he said in his address to the company's shareholders in the Annual Report for 2022-23. Bhargava also said while the Indian car industry is not expected "to grow in double digits, like what happened in China in the past, we do expect that a 6 per cent growth rate will be maintained till FY 2030-31". Highlighting the steps taken by the company to meet future demand, he said, "What is now being planned can be said to be the start of 'Maruti 3.0'. Our ..

Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24

The Indian economy, on the other hand, has been performing well and auto sales have remained robust

Maruti Suzuki entry-level hatchback Alto crosses 4.5 million sales mark

Maruti Suzuki India (MSI) on Thursday said its entry-level hatchback Alto has crossed the 45 lakh sales milestone. The company first introduced the model in the year 2000 and by 2004 it became the country's highest-selling car. It crossed the 10 lakh sales mark in 2008; 20 lakh in 2012; 30 lakh mark in 2016. In August 2020, the model crossed the 40 lakh sales mark. "Achieving the 45 lakh customer milestone is a testimony to the unwavering support and trust that our customers have placed in us," MSI Senior Executive Officer (Marketing & Sales) Shashank Srivastava said in a statement. The company is confident that brand Alto will continue to delight lakhs of more families with its undisputed legacy and exceptional ownership experience, he added.

Buyout impact, margin worries likely to cap gains for Maruti Suzuki

Brokerages expect 3-4% hit to earnings per share for FY25

Maruti Suzuki sales up 3.2% to 181,360 vehicles in July, thanks to SUVs

Utility vehicles (UV) of Maruti Suzuki include Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, S-cross, and XL6

Maruti Suzuki Q1FY24 results: Net profit up 145% YoY, revenue up 22%

The company approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG)

Maruti Suzuki to acquire Suzuki Motor Gujarat from Japanese parent co

Marut Suzuki India on Monday said its board has approved the acquisition of the entire stake in Suzuki Motor Gujarat from Japan-based parent Suzuki Motor Corporation. Currently, Suzuki Motor Corporation (SMC) owns a 100 per cent stake in Suzuki Motor Gujarat (SMG) which supplies its entire production to Maruti Suzuki. Maruti Suzuki board in its meeting held on Monday approved the termination of the contract manufacturing agreement with SMG, the auto major said in a regulatory filing. The company's board also approved to exercise the option to acquire SMG stake from SMC subject to all legal and regulatory compliances including minority shareholders' approval. The auto major expects to complete the transaction by March 31, 2024. It noted that the mode of acquisition including consideration to be paid to SMC shall be decided in a subsequent board meeting. With the growth of the Indian car market and export potential, Maruti Suzuki would need to increase its production capacity to ab

Stocks to Watch: Tata Steel, RIL, Maruti, TVS Motor, HDFC AMC, JK Paper

Stocks to Watch on July 25, 2023: Asian Paints, Bajaj Auto, Cyient, CEAT, Delta Corp, Jubilant FoodWorks, KPIT Tech, Larsen & Toubro, SBI Life and Tata Motors will release their Q1 results today