Page 34 - Maruti Suzuki

Avoiding diesel, Maruti to focus on making petrol cars more fuel-efficient

Maruti Suzuki ruled out getting back into diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023

Kerala-based Popular Vehicles and Services plans entry in west, north

The company said it will focus more on the services segment of the business rather than sales, going ahead

Maruti Suzuki India surges 11% in 2 days, nears 52-week high

The stock was quoting higher for the fourth straight day and trading close to its 52-week high of Rs 8,400 touched on January 13, 2021

Market wrap: RIL, banks drag Sensex 396 points down, Nifty ends at 17,999

Auto stocks outperform on reports that chip shortage may be easing; Cement stocks decline on reports of price cut in Delhi-NCR

Sensex, Nifty end on a flat note; ITC gains 2%, Tata Steel slips 3%

Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price

Tata Motors 'punches' its way to pole position in SUV market in October

Riding on new SUV Punch, it zips past M&M, Hyundai and Kia

Celerio to give 26 kmpl mileage, best ever in the industry: Maruti

Revamped model has fuel efficiency of 26.68 km/litre, making it most fuel-efficient petrol car on road

Maruti Suzuki reports 26% drop in production in October

MSI said total passenger vehicle production stood at 1,30,763 units last month, against 1,76,942 units in October 2020

Maruti Suzuki India to bolster SUV segment, begins work on new models

The company currently sells Vitara Brezza and S-Cross in the SUV segment

Maruti Suzuki drives in all-new version of Celerio at Rs 4.99 lakh

Maruti Suzuki India (MSI) on Wednesday launched the all-new version of its premium hatchback Celerio in the country, priced between Rs 4.99 lakh and Rs 6.94 lakh (ex-showroom Delhi)

Maruti Suzuki to finalise plans for new Haryana unit by 2021-end

Maruti Suzuki India Ltd will go ahead and finalise plans to set up new manufacturing facility in Haryana

Maruti Suzuki Smart Finance disburses over Rs 6,500 cr automobile loans

The country's largest carmaker, Maruti Suzuki India Ltd on Monday said its online car financing platform Maruti Suzuki Smart Finance, has disbursed a total of over Rs 6,500 crore automobile loans to over 1 lakh customers within nine months of launch. Through the platform, the company introduced a multi financier, end-to-end, online car financing solution, with a real-time loan tracking facility for its customers with features such as credit score-based interest rates, pre-approved, and custom generated loan offers from multiple financiers, online documents sharing with real-time loan status tracking. "Crossing over 1 lakh loan disbursals, amounting to more than Rs 6,500 crore, in such a short period is a significant achievement and heralds a fundamental shift towards a digital-first customer experience," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Maruti Suzuki Smart Finance is yet another step by Maruti ...

Maruti Suzuki keeps close watch on price movement of commodities

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure for any OEM (original equipment manufacturer). Normally, 70-75 per cent of the total cost of an OEM is material cost. "In the second quarter, our material cost to net sales ratio had gone up to a very high figure of 80.5 per cent. This is unprecedented," Maruti Suzuki India Senior Executive Director (Marketing and Sales) Shashank Srivastava told PTI. When asked if the company will hike prices of its vehicles, especially around the new year as is usually done, he said, "We have to carefully ...

Maruti Suzuki sales fall; Tata Motors reports 94% rise on Dhanteras

Car market leader Maruti Suzuki India on Wednesday said it sold around 13,000 units on the day of Dhanteras, lower than last year hampered by supply constraints due to semiconductor shortage, although Tata Motors stated its deliveries grew 94 per cent. Automobile dealers' body FADA on Tuesday termed the current festive season the worst in terms of business in a decade for its retail partners across the country as chip shortage impacted supplies in passenger vehicles creating a huge shortage of vehicles in SUV, compact - SUV and luxury segment. "Demand and bookings have been good. We tried our best to deliver as many vehicles as possible. However due to supply side constraints we closed a little lower than last year, at around 13,000 units," Maruti Suzuki India Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. On the other hand, homegrown auto major Tata Motors had a good day on Dhanteras on Tuesday. "On the auspicious day of Dhanteras, our deliveries ...

Auto sales skid on supply chain woes; Tata Motors, M&M buck trend

Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October

Maruti Suzuki sales decline 24% to 138,335 units in October

Domestic sales slipped 32 per cent

Maruti Suzuki plans to widen CNG portfolio as petrol, diesel prices rise

With rising petrol and diesel prices driving up demand for its CNG vehicles, the country's largest carmaker Maruti Suzuki India plans to widen its CNG portfolio by offering the fuel option in four more models 'very shortly', according to a senior company official. The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem "to find out what is the best way of evolution" to be able to offer affordable EVs with hassle free charging infrastructure in order to clock high volumes for a sustainable business. "Currently we have eight models, which have CNG options out of our total of 14 models but we plan to add another four very shortly in this portfolio," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. Going forward, he said,"We will try to develop more and introduce more CNG models." Srivastava, however, declined to share ...

Maruti Suzuki Q2 net profit skids 65% to Rs 475 cr as chip shortage hurts

MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter

Maruti Suzuki to launch electric vehicles only after 2025: Bhargava

With fuel prices going up, car market leader Maruti Suzuki India is intensifying its focus on more CNG offerings of its models

Maruti Suzuki Q2 profit falls 65% YoY to Rs 475 cr amid high inputs costs

Ebitda margin, too, shrank 610 basis points to 4.2 per cent from 10.3 per cent YoY