Page 37 - Maruti Suzuki

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

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

Maruti Suzuki plans to convert its website into vehicle financing platform

The country's largest carmaker said this will help it turn the website into a single-window channel for customers through which they can select the car, find dealers and arrange financing

Maruti Suzuki reports over two-fold dip in production in September

In a regulatory filing, the auto major reported total production of 81,278 units in September as compared with 1,66,086 units in September 2020.

Maruti Suzuki to increase mobile service vans to over 300 by fiscal-end

Maruti Suzuki India Ltd is increasing the number of its mobile service vans to over 300 by the end of this fiscal under its Service on Wheels initiative

Maruti Suzuki sales slide 46% in September due to chip shortage

For Maruti, sales of mini cars, comprising Alto and S-Presso, fell 45.18 per cent to 14,936 units against 27,246 units in the same month last year

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.

Sensex falls 361 pts, Nifty holds 17,500; Realty index drags; VIX cools 6%

Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent

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

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

Stocks to watch: Paras Defence, ZEEL, Maruti Suzuki, Phillips Carbon, BoI

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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Fundraise includes Series F equity round of $340 mn, debt of $110 mn

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