Page 25 - Maruti Suzuki

Is Maruti's attempt to become a premium brand succeeding?

40 years since the first Maruti-800 rolled out from its factory, the company has come a long way. But did the champion of small cars miss the boat when it comes to the premium segment?

Domestic PV sales see record jump in Sept with onset of festival season

The sales figures released by the top nine carmakers saw a jump of 89.6 per cent to 306,211 units

Maruti Suzuki's domestic sales more than doubles to 148,380 units in Sept

The sales of Maruti Suzuki's utility vehicles -- Brezza, Ertiga, S-Cross, XL6 and Grand Vitara -- have increased from 18,459 units in September 2021 to 32,574 units in September 2022

Maruti Suzuki India intern dies after 'wrong treatment' in Gurugram

A quack was arrested and charged with culpable homicide following the death of a 20-year-old Maruti Suzuki India intern due to alleged wrong treatment in IMT, Manesar, police said. Footage from CCTV cameras installed at the deceased's PG accommodation showed the quack and his friend dumping his body near, the police added. Leeladhar, a native of Jaandwa village in Rajasthan's Churu district, was interning with Maruti at IMT and lived in a PG in Aliar village. In his complaint to the police, the deceased's uncle Ramavtar said he was informed about Leeladhar's death on Tuesday. The police handed over his body after a post mortem, but Ramavtar said he had a doubt that his nephew died under suspicious circumstances. "I reviewed the CCTV footage and found that my nephew had fever and was being treated by Faieem, a quack from Amroha in Uttar Pradesh at Aalam clinic in Aliar village," Ramavtar said in his complaint. "The quack gave an injection to my nephew and asked him to sleep at the

Analysts remain bullish on Tata Motors as company drives in Tiago EV

Analysts at Nomura expect the Tiago EV to sell 3,000 - 5,000 units per month, and its overall EV sales to touch 60,000/ 96,000 in FY23/24

TaMo takes a shot at mainstreaming EVs with sub-Rs 10-lakh priced e-Tiago

India's first electric car is acknowledged to be the Lovebird, from Eddy Current Controls (India) in 1993

Maruti Suzuki drives in Grand Vitara tagged between Rs 10.45-19.65 lakh

Looking to consolidate its presence in the fast-growing mid-sized sports utility segment, Maruti Suzuki India on Monday launched its all-new model Grand Vitara priced between Rs 10.45 lakh and Rs 19.65 lakh (ex-showroom Delhi). The model, which comes with a 1.5-litre petrol powertrain mated with strong and mild hybrid technology, will compete with the likes of Hyundai Creta, Kia Seltos and Tata Harrier, among others. With Grand Vitara, the country's largest car maker expects to enhance its presence in a segment where it currently lags behind the competition. "The Grand Vitara paves the way toward a cleaner, greener, sustainable and carbon-neutral world. To ensure that we can do this, the Grand Vitara has been launched at a very competitive starting price of Rs 10.45 lakh," MSI Managing Director & CEO Hisashi Takeuchi said in a statement. The model has received over 57,000 bookings so far, he added. The 1.5 litre trims with mild hybrid technology mated with a five-speed manual and

Small car segment to grow in volume terms: MSIL's Shashank Srivastava

Maruti Suzuki India expects the small car segment to grow in volume terms despite a decreasing share in the overall domestic passenger vehicles market, according to a senior company official. While affordability is a major concern that has impacted growth of the small-car segment, the company is betting on first-time buyers and more customers from rural as well as suburban areas -- tier II and III towns. "We believe absolute volume (of small cars) will increase but as a percentage of the total volume (of passenger vehicles), which is 38 per cent at the moment, this may show a decrease, but in absolute volume terms, it will increase," Maruti Suzuki India Ltd Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. The hatchback market used to fluctuate between 45-46 per cent of the total passenger vehicles market for the last five years and last year it dipped to about 38 per cent and SUVs with 40 per cent of the overall market became the largest selling segment,

Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter

Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa

It should 'localise smallest of the components' and invest in new technology, says business leader

Automobile dealer expect transparency, fair policy from manufacturers: FADA

Automobile dealers continue to expect higher transparency regarding their viability and a fair business policy from vehicle manufacturers, Federation of Automobile Dealers Associations said on Friday. Among the major expectations of dealers from vehicle manufacturers are their involvement in the policy-making of the automotive companies and openness to direct inputs, Federation of Automobile Dealers Associations (FADA) said while releasing its Dealer Satisfaction Study 2022. "While we welcome the efforts shown by OEMs in improving key issues related to sales, delivery and after-sales, dealers continue to expect higher transparency in matters related to Dealership viability and a fair and balanced business policy," FADA President, Manish Raj Singhania said in a statement. In the four-wheeler mass market segment, the study found that sharing training costs with the OEMs is an area of concern along with the involvement of dealers in policy making. The dealers are happy with product ...

Maruti Suzuki to spread awareness about safety features: Senior official

Country's largest car maker Maruti Suzuki will spread awareness about the safety features and address the issues also through its driving schools, a senior company official said on Wednesday. After the tragic death of former Tata Sons chairman Cyrus Mistry in a road accident, Maruti will focus on the need to put on rear safety belts which had been made compulsory by regulation but very few riders adhere to it, the official said. "Wearing rear seat belts is compulsory by regulation but riders don't pay heed to it. In the case of front seat belts, only 23 per cent of the riders wear it. It is important to keep passive, active and behavioural safety measures in mind", senior executive director Maruti Suzuki Shashank Srivastava told reporters here. As a part of Maruti's CSR initiative, the company had installed speed cameras in Delhi. Maruti will take a drive to spread it to other cities, he added.

Maruti to enter mid-SUV segment to lift market share: Senior exec director

Leading automobile manufacturer Maruti Suzuki will consider the SUV segment as a key area to lift its overall market share in the country, a senior company official said on Wednesday. Presently, the company's overall market share is under 45 per cent and the target is to lift it to 50 per cent. Senior Executive Director of Maruti Suzuki Shashank Srivastava told reporters here that in the non-SUV segment, the company has a market share of more than 65 per cent while in the SUV segment is not big. The company's basic objective is to lift the overall market share to 50 per cent. Srivastava said "SUV is the largest and fastest growing segment and Maruti must have a good market share in this. In the entry level SUV segment, Maruti's share is 20 per cent of the 6.6 lakh cars which is being sold annually. But Maruti does not have a car in the mid-SUV segment whose size is 5.5 lakh." The official said although Maruti is a market leader in the entry-SUV segment, it has no presence in the ..

Healthy order book, launches to help Maruti take the growth wheel

Market share, margin recovery remain key triggers for the stock, say brokerages

Public sector firms can't have industrial growth from taxation: RC Bhargava

The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, according to Maruti Suzuki India Chairman R C Bhargava. Public sector companies need support all the time to grow and need funds from the government for capital investments, he told PTI in an interview. "I have no doubt that government should not be in business. No way," he said when asked if governments should be in the business of running enterprises on the basis of his experience of witnessing the transformation of the then government-owned Maruti Udyog Ltd to Maruti Suzuki India Ltd, majority owned by Japan's Suzuki Motor Corporation. He further said, "The fact of the matter is that companies run by the government are not efficient. They don't have productivity. They don't generate profit. They don't generate resources. They don't grow. They need government support all the time to grow." There are not many "public sector ...

August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

Maruti Suzuki's total sales increase 26% to 165,173 units in August

Automaker Maruti Suzuki India Ltd on Thursday reported a 26.37 per cent increase in total sales at 1,65,173 units in August 2022. The company had sold a total of 1,30,699 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. Total domestic passenger vehicle sales were at 1,34,166 units as compared to 1,03,187 units in the year-ago month, a growth of 30 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, grew to 22,162 units as against 20,461 units in August 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose by 57 per cent to 71,557 units as compared to 45,577 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross and XL6, clocked sales of 26,932 units last month as compared to 24,337 units earlier. "The shortage of electronic components had a minor impact on the production of vehicles, mainly in domestic models. The company took all possible .

Stocks to watch: Biocon, SpiceJet, PNB, NTPC, Ashok Leyland, Coffee Day

Stocks to watch today: Biocon received 11 observations in Form 483 for their Bengaluru and Mayalsia facilities from the USFDA; Ashok Leyland won orders from major fleets for 1,400 school buses in UAE.

Maruti Suzuki's initial EVs will be in upper segment: R C Bhargava

Maruti Suzuki is creating infrastructure in India to assist its EV manufacturing

Suzuki Motor to invest Rs 18K cr for setting up EV battery unit, car plant

During an event at Mahatma Mandir in Gandhinagar on Sunday, Modi laid foundation stones for the EV battery unit at Hansalpur and Maruti Suzuki's upcoming manufacturing plant in Kharkhoda, Haryana