Page 26 - Maruti Suzuki

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

Japan PM lauds Modi's leadership, thanks India for Maruti Suzuki's success

Lauding Prime Minister Narendra Modi's strong leadership, Japanese PM Fumio Kishida on Sunday attributed the success of Maruti Suzuki to the people and the Indian government

Maruti won't walk away but fight to get back to 50% market share: Chairman

The country's largest carmaker Maruti Suzuki India will not "walk away" and fight to get back to 50 per cent market share in the domestic passenger vehicle segment, according to company Chairman R C Bhargava. The auto major, which is commemorating 40 years of operations, has seen its market share drop to 43.38 per cent in FY22 from a peak of 51.21 per cent in FY19. In order to get back its dominant leadership, the company plans to drive in models catering to both urban and smaller cities and rural areas. In 2018-19, domestic passenger vehicle sales were at 33,77,436 units, which dropped to 30,69,499 units in 2021-22. Maruti Suzuki India achieved its highest-ever annual sales of 17,29,826 units in 2018-19, cornering a market share of 51.21 per cent. It declined to 43.38 per cent at 13,31,558 units in 2021-22. "We will fight to get back to our 50 per cent market share. How much we succeed only time will tell but we certainly don't intend to walk away and say no we don't want to figh

Maruti Suzuki open to partnerships to secure future supply chain: Chairman

"If required somewhere, we will get into a joint venture," said Bhargava, when asked what role Maruti would play in setting up and securing its future supply chain.

PM Modi to lay foundation of Maruti Suzuki's plant in Haryana on Sunday

Prime Minister Narendra Modi will virtually lay the foundation stone of Maruti Suzuki's new vehicle manufacturing plant at Kharkhoda in Sonipat district of Haryana on August 28. Haryana Chief Minister Manohar Lal Khattar said that after Gurugram and Manesar, it will be the third plant of Maruti Suzuki in Haryana. Khattar said the foundation stone will prove to be a new milestone in the industrial progress of Haryana. "Today Haryana has become a major automobile manufacturing hub in the country. At present, about 50 per cent of the cars made in India are manufactured in Haryana, said an official release quoting Khattar. With Maruti Suzuki setting up another such plant, a new industrial hub is going to be developed in the state, the chief minister said. Khattar said the state government has given all kinds of facilities to the industry, due to which the state is progressing continuously as an industrial hub. He said investment of big companies like Maruti in Kharkhoda has given an

Indo-Japan partnership in manufacturing can be best in world: R C Bhargava

With Maruti Suzuki proving to be a successful Indo-Japan collaboration, company Chairman RC Bhargava feels if the two countries work with full partnership and trust in the manufacturing sector, they would be the best in the world. Also, the growing partnership between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing, he told PTI in an interview. "I believe that India Japan partnership, which we have seen in Maruti Suzuki and some other areas, is becoming stronger, and more and more Japanese companies are getting interested in investing in India, partnering with Indian companies," Bhargava said. He cited the example of Escorts Kubota, where the latter has become a promoter in the Indian farm equipment and construction equipment maker, and said, "I think this kind of partnerships between India and Japan is going to be a huge positive factor for the growth of Indian manufacturing." Bhargava noted that a lot can be learnt from the Japanese ..

Maruti chairman says understanding customers key to firm's 40-year success

From what started out as an "accident" doomed to fail to becoming a dominant force in the automotive industry, helping the country to become the fourth largest automobile market in the world, the success of Maruti Suzuki India needs to be replicated in other industries, according to its Chairman R C Bhargava. As the company gears up to celebrate 40 years of operations, Bhargava said Maruti Suzuki India has played a significant role in the development of the country's automotive industry, supply chain of components and allied sectors which are now playing a major role in the global markets. In an interview with PTI, he said India is generally ranked low globally when it comes to the overall manufacturing sector, but in automobiles the country is the fourth largest car manufacturer in the world. Also, the components industry last year exported USD 19 billion worth of items. "So, some of these things have to be viewed in the context of what we added to that thing," he asserted, adding

PM Modi to initiate event celebrating Suzuki's 40 years in India on Aug 28

PM Modi will lay foundation stone of two key projects in Gujarat's Gandhinagar, said the Prime Minister's Office