Page 37 - Maruti Suzuki

Maruti Suzuki shares decline over 2% after September sales data

Shares of Maruti Suzuki India (MSI) on Friday dipped over 2 per cent after the company reported 46.16 per cent decline in sales in September. The stock dipped 2.39 per cent to close at Rs 7,159.40 on the BSE. During the day, it declined 3.28 per cent to Rs 7,093.50. On the NSE, it dipped 2.39 per cent to close at Rs 7,162.30. The country's largest carmaker Maruti Suzuki India on Friday reported 46.16 per cent decline in sales at 86,380 units in September. The company had sold 1,60,442 units in September last year, MSI said in a statement. Domestic sales slipped 54.9 per cent to 68,815 units last month as against 1,52,608 units in September 2020, it added. "Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact," the auto major stated.

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Maruti Suzuki sales decline 46% to 86,380 units in September

The company had sold 1,60,442 units in September last year

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Shares of auto companies will be in focus today as companies will start reporting their September sales figures

Maruti Suzuki sees impact on Oct production due to chip shortage

MSI expects total vehicle production volume in October at two of its plants to be around 60% of normal levels due to a shortage of semiconductors

Development of fuel efficient cars to remain critical: Maruti Suzuki

Maruti Suzuki will keep developing and launching cars with great fuel efficiency as it remains a critical factor for customers while making a purchase decision, a senior official said

Chip shortage: Maruti Suzuki reports 8% dip in production in August

Maruti Suzuki India on Wednesday said its total production in August declined by 8 per cent on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.

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Maruti Suzuki Swift crosses 2.5 million cumulative sales milestone

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its premium hatchback Swift has crossed 25 lakh cumulative sales milestone in over 16 years of its launch in the country. The model, which was the country's leading model in terms of sales in the last fiscal, has transcended its records by clocking cumulative sales of 2.5 million units, MSI said in a statement. Swift had created the premium hatchback segment in the country with its launch in 2005. "With its launch in 2005, Swift heralded the start of the premium hatchback segment in India... million Swift lovers. The No. 1 selling car of FY20-21, the sporty Swift has created a glorious legacy with its scintillating looks and power-packed performance," MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava noted. Swift is not a car, it is a feeling, an emotion and a refreshing new thought process that challenged many notions around hatchbacks, he added. "This success is a testament to the love .

No easy rides: Why is India becoming a graveyard for world's auto majors?

India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, writes T N Ninan

Semiconductor chip shortage may keep Maruti Suzuki's margin in check

Declining trend in royalty payment unlikely to cushion the fall

MSIL brings advanced telematics tech in mass segment vehicles

The country's largest carmaker Maruti Suzuki India Ltd said it has introduced its advanced telematics technology, 'Suzuki Connect' in its mass segment vehicles sold through ARENA retail channel.

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Maruti Suzuki hikes prices by up to 1.9% due to increase in input costs

The country's largest carmaker Maruti Suzuki India on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9 per cent with immediate effect

Maruti Suzuki hikes prices of its cars due to rising input costs

India's largest carmaker Maruti Suzuki India said on Monday it has hiked prices of its cars due to rising input costs

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Maruti Suzuki announces its largest recall to rectify safety defects

The recalled vehicles will be inspected and if any fault is found in their motor generator unit, that will be replaced free of cost

Why mass passenger car makers are going slow on electric vehicles

In the absence of a specific policy push and incentives, launching models at a price point that is within the bounds of an average car buyer is still some distance away

Maruti reports 5% increase in total sales at 130,699 units in August

The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Wednesday reported a 5 per cent increase in total sales at 1,30,699 units in August 2021, amid electronic components shortage.

Tech view: Use dips to add auto stocks despite chip shortage concerns

Maruti Suzuki, Tata motors and M&M may see weakness at current levels, but the medium-term trend is highly bullish