Page 25 - Maruti Suzuki

Maruti Suzuki lines up over Rs 7k cr capex for current financial year: CFO

Maruti Suzuki India plans to invest over Rs 7,000 crore this year on various initiatives, including the construction work of its new plant in Haryana and new model launches, according to company CFO Ajay Seth. The country's largest carmaker has already commenced work at the new facility in Sonipat district. The Kharkhoda-based plant, the company's third set-up in the country, is expected to be operational by 2025 with an installed production capacity of 2.5 lakh units in the first phase. Currently, Maruti Suzuki India (MSI) has a cumulative production capacity of over 22 lakh units per annum across its two manufacturing plants in Haryana and parent Suzuki Motor's facility at Gujarat. The two plants in Haryana -- Gurugram and Manesar -- together roll out around 15.5 lakh units per annum. In May, the auto major had announced to invest Rs 11,000 crore in the first phase of the Sonipat facility. "We will be spending upwards of Rs 7,000 crore this year," Seth said in an analyst ...

Maruti Suzuki India crosses 25 million cumulative production milestone

Maruti Suzuki India (MSI) on Wednesday said it has crossed 2.5 crore cumulative production mark. MSI started production in December 1983 and crossed the 10-lakh production mark in March 1994. It crossed 1- crore mark in March 2011 and 2-crore milestone in July 2018. Its first production facility came up in Gurugram, Haryana. The company now has two manufacturing plants in Gurugram and Manesar in Haryana, with an installed production capacity of 15 lakh units per annum. The company sells 16 passenger vehicles in the domestic market and also exports to around 100 countries. "2022 marks 40 years of Suzuki's partnership with the people of India. Crossing 25 million cumulative production milestone this year is a testimony of Suzuki's continued commitment and partnership with the people of India," MSI Managing Director and CEO Hisashi Takeuchi said in a statement. Going forward, the automaker will continue to introduce new products in the market, he added. "Anticipating growing deman

Maruti Suzuki's total sales rise 21% to 167,520 units in October

Automaker Maruti Suzuki India Ltd (MSIL) on Tuesday reported a 21 per cent increase in total sales at 1,67,520 units in October. The company had sold a total of 1,38,335 units in the same month last year, it said in a statement. Total domestic passenger vehicle sales were at 1,47,072 units in October as compared to 1,17,013 units in the year-ago month, registering a growth of 26 per cent. Sales of mini segment cars, comprising Alto and S-Presso, grew to 24,936 units as against 21,831 units in October 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose to 73,685 units last month as compared to 48,690 units in the year-ago month. According to the statement, utility vehicles consisting of Brezza, Ertiga, S-Cross and XL6 clocked sales of 30,971 units last month as compared to 27,081 units in the same period a year ago. Last month, sales of Eeco were at 8,861 units as against 10,320 units in October 2021 while that of light commercial .

Huge business potential in India, says Maruti Suzuki MD Hisashi Takeuchi

'We are celebrating 70 years of our cooperation. We have a long history of progression between the two countries'

Maruti Suzuki India Q2 net profit jumps 334% YoY to Rs 2,112 crore

Chip supply resolution, favourable forex rate and record sales drive growth

Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks

Revenue and net profit both were ahead of consensus estimates

Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%

Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.

Maruti Suzuki soars 5%, hits 52-wk high on better-than-expected Q2 results

The company said it has been making simultaneous efforts in securing electronic components availability, cost reduction, and improving realization from the market to better its margins

BSVI phase 2: Diesel car cost likely to rise by nearly Rs 80,000

Initial acquisition cost of hybrid models to be on a par with diesel ones

India's passenger vehicle exports up 2% in Q2, Maruti Suzuki leads: SIAM

Passenger vehicle exports from India increased 2 per cent in the second quarter, with Maruti Suzuki India leading the segment with dispatches of over 1.31 lakh units, as per the latest data by Society of Indian Automobile Manufacturers. The total passenger vehicle (PV) exports stood at 1,60,590 units in the July-September period as compared with 1,57,551units in the same period a year ago. Passenger car shipments saw a 5 per cent dip at 97,300 units while utility vehicle exports rose 16 per cent at 63,016 units during the period under review, data by the Society of Indian Automobile Manufacturers (SIAM) showed. Export of vans declined to 274 units in the September quarter as compared with 297 units in the same period last fiscal year. Maruti Suzuki India (MSI) led the segment during the period, followed by Hyundai Motor India and Kia India at the second and third positions, respectively. MSI, the country's largest carmaker, exported 1,31,070 PVs in the period under review, as comp

Infosys, Kotak Mahindra Bank, Maruti Suzuki among top buys for MFs in Sept

Besides Maruti Suzuki, domestic funds added Hero Motocorp while they trimmed positions in Tata Motors, Ashok Leyland and TVS Motors

Toyota marks turnaround in India, reports highest profit in four years

The company has worked towards meeting the mobility needs of consumers

TMS Ep274: India's exports, Maruti, hospital stocks, real driving emissions

Have India's exports hit a rough patch? Is Maruti's attempt to become a premium brand succeeding? What is keeping analysts upbeat on hospital stocks? What are real driving emissions? Answers here

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