Page 34 - Maruti Suzuki

Maruti Suzuki drives in new Baleno: Price, other details here

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday launched the all new version of its premium hatchback Baleno priced between Rs 6.35-9.49 lakh (ex-showroom). The manual trims of the model are priced between Rs 6.35 lakh and Rs 8.99 lakh while the automatic variants (with auto gear shift technology) are tagged between Rs 7.69 lakh and Rs 9.49 lakh. Speaking at the launch, MSI Managing Director and CEO Kenichi Ayukawa said the auto major along with its vendor partners has invested around Rs 1,150 crore on the development of the all new Baleno. "With focus on technology and innovation, the new-age Baleno is set to re-energise the premium hatchback segment with several first-in segment features. The new-age technology and features along with fresh look, premium interiors and special focus on safety will take the customer experience to a new high," he noted. He further said: "Based on Baleno's popularity and customer feedback, we are now aiming to take it to the ne

Maruti Suzuki plans to take car subscription business to more cities

The company is getting more than 7,000 enquiries every month. But the conversion rate is low with 100-110 enquiries getting converted to actual order and Maruti wants to improve that

Suzuki, Tata Motors, M&M, Bajaj among 20 cos selected under auto PLI scheme

New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor

Maruti expects production activity to pick up in Q4 as chip supply improves

The auto major is also looking at ways, including bolstering its SUV portfolio, in order to get back to 50 per cent market share in the domestic passenger vehicle segment in the years ahead.

Maruti Suzuki reports marginal increase in production in January

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it has witnessed a marginal increase in production last month. In a regulatory filing, the auto major reported a total production of 1,61,383 units in last month as compared to 1,60,975 units in January 2021. "The shortage of electronic components had a minor impact on the production of vehicles during the month," it noted. MSI said total passenger vehicle production stood at 1,57,668 units last month, against 1,56,439 units in January 2021. Production of mini cars comprising Alto and S-Presso models stood at 23,321 units last month as compared to 27,665 units a year ago. Manufacturing of compact cars, comprising WagonR, Celerio, Ignis, Swift, Baleno, and Dzire, rose to 87,165 units from 86,282 units earlier, MSI said. Similarly, production of utility vehicles -- Gypsy, Ertiga, S-Cross, Vitara Brezza, and XL6 -- increased to 33,550 units last month from 29,199 units in the corresponding month of 2021. The

Maruti Suzuki sales dip 4% to 154,379 units in January 2022

The company had sold 160,752 units in January 2021

Maruti Suzuki surges 11% in 2 days post Q3 results; hits fresh 52-week high

Ebitda margins, which improved 250 bps QoQ at 6.7 per cent in Q3, was the real positive surprise with savings realised under all costs line items, analysts said

Product launch success key for Maruti Suzuki to sustain stock rally

A strong Q3, order book and easing chip availability situation to support sentiment

Maruti Suzuki Q3 results: Net profit skids 48% on global chip shortage

Expects no demand let-up; targets production ramp-up in Q4

Maruti Suzuki's shares jump over 7% as firm beats estimates in Q3

Shares of Maruti Suzuki India on Tuesday jumped over 7 per cent even as the company reported a 47.82 per cent decline in consolidated net profit in the third quarter ended December 2021. The stock rallied 6.88 per cent to settle at Rs 8,600.60 on BSE. During the day, it jumped 7.63 per cent to its 52-week high of Rs 8,661.60. On NSE, it gained 7.42 per cent to settle at Rs at Rs 8,650.10. The country's largest carmaker Maruti Suzuki India on Tuesday reported a 47.82 per cent decline in consolidated net profit at Rs 1,041.8 crore in the third quarter ended December 2021, on account of lower sales due to the ongoing semiconductor shortage and increase in commodity prices. The auto major had posted a consolidated net profit of Rs 1,996.7 crore in the October-December period of last fiscal, Maruti Suzuki India said in a regulatory filing. The fall in net profit during the period under review was due to lower sales volume, high commodity prices and lower non-operating income on account

Top headlines: FRL turns down Amazon bailout offer; Maruti Q3 net falls 48%

Business Standard brings you the top headlines on Tuesday

Sensex snaps 5-day losing run, ends 367 pts up; Nifty holds 17,250

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

PV exports from India rise 46% in April-Dec; Maruti Suzuki leads segment

Passenger vehicle exports from India increased 46 per cent in the first nine months of the current fiscal year, with Maruti Suzuki India leading the segment with dispatches of around 1.68 lakh units

Maruti Suzuki hikes vehicle prices by 4.3% to offset rise in input costs

The country's largest carmaker Maruti Suzuki India said it has increased prices of its models by up to 4.3% with immediate effect to partially offset the impact of the rise in input costs

Maruti Suzuki says 8 models among top 10 passenger vehicles list of 2021

This is for the first time that eight models of the company made it to the top 10 list in a calendar year, it said

RIL, HDFC, TCS power 673-pts rally in Sensex; Nifty tops 17,800; banks soar

The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.

Maruti Suzuki exports over 200,000 units in 2021; most in a calendar year

Maruti Suzuki India on Monday said it shipped over two lakh vehicles in 2021, its highest ever in a calendar year, to various markets across the globe. The company exported 2,05,450 vehicles in 2021, the country's largest carmaker said in a statement. This is the highest ever export figure in any calendar year by the company, it added. "This milestone reflects the confidence of customers around the world in the quality, technology, reliability, performance and cost effectiveness of our cars. We thank our parent company, Suzuki Motor Corporation and their distributors across global markets for their reach and support, especially in such challenging times," Maruti Suzuki India MD & CEO Kenichi Ayukawa stated. The company stands committed to live upto the trust placed by global customers and will continue to delight them, he added. The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio. The top .

Maruti, Hyundai report decline in wholesales for Dec; TaMo, M&M see growth

Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 1,53,149 units in December 2021 as against 1,60,226 units a year ago. Its December 2021 domestic sales slipped 13 per cent to 1,30,869 units as against 1,50,288 units in December 2020. "The shortage of electronic components had a minor impact on the production of vehicles during the month. The shortage primarily affected the production of vehicles sold in the domestic market," MSI said in a statement. The company said sales of mini cars, including Alto and S-Presso, fell 35 per cent

Maruti Suzuki sales dip 4% to 153,149 units in Dec

In December 2021, the domestic sales slipped 13% to 130,869 units as against 150,288 units in December 2020

Over two dozen new car and SUV models to hit the road in 2022

Maruti's share in the compact SUV segment, where it sells the Brezza, has dropped by 90 basis points to 14.4 per cent