Page 29 - Maruti Suzuki

Maruti Suzuki sets up a 20 MWp solar power plant at Manesar facility

The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually

Indian automakers beat Covid woes as sales in May surpass 2019 levels

However, executives warn of rising inflation's impact on demand

Automakers see robust domestic dispatches in May as demand remains strong

Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..

Maruti Suzuki's total sales in May stand at 161,413 units; exports rise

The country's largest carmaker Maruti Suzuki India (MSI) said its total wholesales in May stood at 1,61,413 units

From Maruti Brezza to Kia Sonet: Five CNG SUVs set to hit Indian roads soon

Compressed natural gas is cheaper and more eco-friendly than petrol and diesel, and several top carmakers are now launching their popular models in CNG variants

Stocks to Watch: Zomato, Delhivery, SAIL, Ramco Cements, GAIL, BEL, Marico

Stocks to Watch: Grasim Industries, Adani Ports, JM Financials, Bank of India, Ipca Lab, Inox Wind, Jyothi Lab, and Metropolis Healthcare will be in focus ahead of their Q4 results today.

Maruti Suzuki to acquire 12.09% stake in AI firm Sociograph Solutions

Maruti Suzuki India (MSI) on Monday said it will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. "The investment would help MSI strengthen its offering to customers by creating a customised sales experiences on the web, virtual reality and augmented reality," the auto major said in a regulatory filing.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Maruti to invest Rs 18k cr in Sonipat plant to roll out 1 milion units/year

Maruti Suzuki India (MSI) said its new manufacturing facility in Haryana, the company's third in the state, would reach peak production capacity of 10 lakh units per annum in the next eight years

Setting up Maruti plant in will boost Haryana's auto industry: CM

Haryana Chief Minister Manohar Lal Khattar on Tuesday said that setting up Maruti's 3rd plant in Kharkhoda will give a boost to auto industry in state.In the past few years, Haryana has made rapid strides on several fronts including industrial development under the guidance and leadership of Chief Minister, Manohar Lal. Haryana Government is actively working towards making Haryana an industrial and automobile hub, read an official statement from Haryana government.The growth in automobile sector in Haryana can be gauged by the fact that Maruti is coming up with its 3rd plant in the state. Maruti Suzuki India Limited (MSIL)/ Suzuki Motorcycle India Private Limited (SMIPL) and Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) are all set to sign an agreement for the allotment of 800-acre & 100 acre land at IMT Kharkhoda, respectively, in a ceremony being organised on May 19, 2022 in the presence of Chief Minister Manohar Lal.This event would .

Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO. In a regulatory filing, the auto major said 99.89 per cent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO. Similarly, 93.10 per cent of votes polled favoured the appointment of Kenichi Ayukawa as a whole-time Director designated as Executive Vice Chairman till September 30, 2022. The company's board in its meeting held on March 24 this year had appointed Takeuchi as the MD and CEO with effect from April 1, 2022, consequent to the completion of the term of Kenichi Ayukawa on March 31, 2022. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. With vast experience in the international operations at SMC as well as in overseas markets, he had been on the Board of Maruti Suzuki since July 2019, as Joint Managing Director (Commercial) since April 2021.

Electrification not silver bullet for achieving carbon neutrality: OICA

OICA is an international trade association which comprises 39 national automotive industry trade associations. India's auto industry lobby group SIAM is a member

Maruti Suzuki lines up Rs 5,000 crore capex for current fiscal year

Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official.

Maruti to invest Rs 11,000 cr to set up largest facility at 800-acre site

New plant, with capacity to make 1 million cars in a year, to come up in Haryana

Top headlines: Railways-coal sector rift continues, 5G phones for Rs 10,000

Business Standard brings you the top headlines at this hour.

A car called Congress

The only way forward for Congress is to create something new. Not in the image of the glorious past like the Ambassador, but a brand new product looking at the future

Maruti Suzuki to invest Rs 11,000 cr for new manufacturing plant in Haryana

The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in the first phase of its new manufacturing facility in Haryana. The company on Friday completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited), the auto major said in a regulatory filing. The new plant's first phase with a manufacturing capacity of 2.5 lakh units per annum is expected to be commissioned by 2025, subject to administrative approvals. In the first phase, the investment would be over Rs 11,000 crore, MSI said. "The site will have space for capacity expansion to include more manufacturing plants in the future," MSI noted. At present, MSI has a cumulative production capacity of around 5.5 lakh units per quarter or about 22 lakh units per annum across its manufacturing plants in Haryana and Gujarat.

Maruti Suzuki Driving Schools aim to train around 2.5 mn people by 2025

The country's largest carmaker, Maruti Suzuki India Ltd on Wednesday said the number of its professional driving training schools have reached the 500 milestone across the country and aims to train around 25 lakh people by 2025. The Maruti Suzuki Driving Schools (MSDS), launched in 2005, now has presence across 242 cities with 500 state-of-the-art driving training schools and imparted driving training to more than 17 lakh customers, the company said in a statement. "The MSDS network has around 1,500 certified and qualified expert trainers, who have been imparting safe driving training. By 2025, we aim to expand the Maruti Suzuki Driving School network and train over 2.5 million people on quality driving skills." said Maruti Suzuki India Ltd (MSIL), Senior Executive Director (Marketing & Sales) Shashank Srivastava. The MSDS were launched with the core objective of imparting safe driving training and road behaviour among customers to make Indian roads safer, he said, adding, "Over ..

Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers

Auto industry fails to pick up pace as chip shortage hurts production

Fresh chip scarcity may result in 4th straight year contraction in volumes