Page 28 - Maruti Suzuki

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

India must invite component makers first before OEMs: R C Bhargava

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

Top Headlines: NDTV-Adani ownership battle, sugar exports, and more

New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard

Incentivise alternative technology for small cars: Maruti Suzuki chairman

CNG, ethanol, bio gas could offer cheaper alternatives to EVs in the market for small cars

Maruti recalls 166 Dzire Tour S sedans over possible defects in ACUs

"The recall is being undertaken to replace ACUs, free of cost, in these vehicles," the company noted in a statement to BSE

Rate hikes have not yet impacted car demand: Maruti Suzuki's top official

The hike in interest rates has not yet impacted demand for vehicles but the real picture will emerge once the semiconductor shortage issue is addressed and production gets normalised, according to a senior official of Maruti Suzuki India. With the launch of new products such as Grand Vitara and Brezza adding more to bookings, the company's pending orders have gone up to 3.87 lakh units, from around 2.8 lakh in the last quarter, Maruti Suzuki India Ltd (MSIL) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said. "Theoretically speaking, it should have a negative impact because interest rates going up (have an impact on) discretionary spending, which also includes spending on cars...but at the moment that we are not feeling that," he said in an interaction. He was responding to a query on whether the interest rate hike has impacted demand for cars. Earlier this month, the Reserve Bank of India (RBI) had raised the key interest rate by 50 basis points. This was the ..

Equity mutual fund flows moderate in July, Maruti Suzuki on the top

The moderation in MF investments comes amid a revival in foreign portfolio investor (FPI) flows

Need to keep small car segment energised with new products: Maruti Suzuki

A large section of customers still prefer hatchbacks despite sales growth of SUVs and Maruti Suzuki India feels the need to keep the small car segment 'energised' with new products, company MD & CEO Hisashi Takeuchi said on Thursday. The company, which on Thursday launched the all-new version of its small car Alto K10 with a price range of Rs 3.99- 5.83 lakh (ex-showroom), will continue to focus on all segments, including the entry-segment, even as it brings more technology and feature-packed products. "India is a vast country with a diverse demography. Just like cuisine and culture, customer requirements and preferences also change from place to place... While SUVs have definitely gained popularity in recent times, a large section of customers still prefer hatchbacks," Takeuchi said. He further said in last fiscal year, the Indian passenger vehicle industry sold over 11.5 lakh hatchbacks. "Out of that we have over 68 per cent market share. As a market leader, we need to keep the

Amid demand for SUVs, Maruti launches new generation of small car Alto K10

New K10 will be sold alongside the Alto 800; it comes with both five-speed manual and automatic gear shift

Maruti Suzuki aims to win over SUV buyers with enhanced version of Alto

India's biggest carmaker hopes to arrest this trend by targeting young buyers in large cities with its new Alto which is bigger than its predecessor

Maruti Alto K10 2022 Launched: Timing, prices, specs and highlights

Maruti Suzuki Alto K10 launched in India at 11.30 am today. Read the key features, expected prices, specifications, and everything about the highest-selling brand in India

Maruti Suzuki Alto K10 launched: Check prices, specifications, and more

Maruti Suzuki's Alto is among the most selling cars in the nation as the automaker has sold over 4 million units in India to date

Maruti Suzuki to launch new Alto K10 on Thursday; check design, features

After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.

From supply shock to demand shock: New crisis hits semiconductor industry

As the companies were working on improving the supply of semiconductors, the demand for PCs, and mobile phones, among other things, fell, now leaving these companies with excess inventory

BSE, NSE to remain closed for trading today on account of Muharram

The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment

Maruti Suzuki aims to produce 2 mn units this fiscal: Chairman R C Bhargava

Maruti Suzuki India will increase its production and aims to produce 20 lakh units in the ongoing fiscal with improving availability of semiconductors, according to company Chairman RC Bhargava. In his address to shareholders in the company's annual report for 2021-22, he said the upcoming mid-sized SUV Grand Vitara will play a key role in the challenge to touch 20 lakh units. In 2021-22, total sales of Maruti Suzuki India Ltd (MSIL) increased by 13.4 per cent to 16.52 lakh units. It had lost out on sales in the first quarter of the fiscal due to the pandemic and production being affected by the shortage of semiconductors, mainly for domestic models, Bhargava wrote. "The number of unmet bookings with the company at the end of the year rose to about 2.7 lakhs," he said, adding MSIL's market share declined to 43.4 per cent from nearly 50 per cent as it lost some opportunity in the domestic market. As per Society of Indian Automobile Manufacturers (SIAM) data, domestic passenger vehic

Auto Sales Report July 2022: Toyota breaks their sales record

Auto Sales Report July 2022: Toyota and Maruti Suzuki showed positive growth, while Kia and MG Motors shows a negative trend. Check out the Auto sales report July 2022 insights

Maruti couldn't produce 51K units due to chip crunch in June qtr: CFO

The country's largest carmaker, which sold 467,931 vehicles during the June quarter, noted that the semiconductor shortage is a challenge in planning its production activities

Maruti Suzuki could not produce 51k units due to chip shortage in Q1: CFO

The country's largest carmaker, which sold a total of 4,67,931 vehicles during the June quarter, noted that the semiconductor shortage is a challenge in planning its production activities.