It sold a total of 467,931 vehicles during the quarter, with exports being the highest ever at 69,437 units
The company's Q1 numbers missed Street estimates as far as net profit is concerned. Analysts had pegged PAT growth between 200 and 300 per cent on year
Stocks to watch today: Bajaj Finance, Tata Motors, and Maruti Suzuki will report their June quarter results on Wednesday, July 27; United Spirits reported five-fold jump in net profit in Q1FY23.
Amid lukewarm Q1 result of Bajaj Auto, we drive into the world of autos, interpret Bajaj Auto's performance and ask analysts what they expect from Maruti Suzuki and Tata Motors results today.
Analysts would look out for guidance on industry demand outlook, both rural and urban, and if there is any visible impact of the current inflationary pressure
Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries
India's taxes on hybrid cars range as high as 43%, compared to the low rate of 5% for EVs, which also stand to benefit from billions of dollars in incentives to companies that build them domestically
Grand Vitara will go on sale in September with prices expected to start at Rs 9.5 lakh
Priced around Rs 5.7-8.05 lakh, the mini SUV will vie with the Punch, Magnite and Ignis
On July 1, shares of RIL crashed over 7 per cent, following the government imposing windfall taxes on domestic crude oil production and fuel exports
Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact
Maruti Suzuki is also focusing on growing its sport utility vehicle portfolio and the market share in that segment
Automaker Maruti Suzuki India Ltd will phase out vehicles that run completely on petrol in seven to ten years, the Economic Times newspaper reported on Monday, citing a senior executive
'Compliance with the central motor vehicle rules will suffice,' he clarified
Battery electric vehicles, CNG cars and greater focus on ethanol and bio-CNG compliant engines would also be prioritised going ahead
However, if sales of Baleno and Brezza models to Toyota Kirloskar and of LCV Super Carry are included, the dispatches were up from 130,348 units a year ago to 132,024 units last month
The price starts at Rs 7.99 lakh for the base variant and goes up to Rs 13.96 lakh for the top variant
Cars will be across all price segments in a market where company's rivals have lead
Business Standard brings you the top headlines on Thursday
Maruti Suzuki India launched new version of its compact SUV Brezza, with a price starting from Rs 7.99 lakh (ex-showroom) as it seeks to strengthen its presence in the SUV segment