Page 39 - Maruti Suzuki
Maruti, Toyota, M&M remain bullish on long-term growth of used car business
Leading automakers Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country. The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis with personal mobility gaining acceptance amid the coronavirus pandemic. "It is very difficult to predict how used car business will perform this fiscal year due to COVID situation. Demand for such cars is there in the market but there is pressure on their availability because of restrictions across states on account of lockdowns and curfews," MSI Executive Director (Sales and Marketing) Shashank Srivastava told PTI in an interaction. The auto major currently has 570 True Value outlets across the country where it certifies the pre-owned cars it .
 "Maruti, Toyota, M&M remain bullish on long-term growth of used car business")
Covid-19: Maruti Suzuki extends free service, warranty period till June 30
The country's largest carmaker Maruti Suzuki India said it has extended free service and warranty period up to June 30, 2021, in the wake of the second wave of the coronavirus pandemic
 "Covid-19: Maruti Suzuki extends free service, warranty period till June 30")
Covid-19: Hero MotoCorp extends shutdown of plants across India till May 16
India's largest motorbike maker, Hero MotoCorp Ltd, extended a shutdown at its manufacturing facilities across India till May 16, a day after Maruti Suzuki India Ltd announced a similar move
 "Covid-19: Hero MotoCorp extends shutdown of plants across India till May 16")
Top trading ideas by Mehul Kothari: Buy Escorts, Maruti Suzuki
Maruti's stock has sneaked below its 200 DEMA but, on the weekly scale, it has tested its 200 week EMA which is a much stronger support
 "Top trading ideas by Mehul Kothari: Buy Escorts, Maruti Suzuki")
Covid impact: Maruti Suzuki total sales decline 4% in April
The country's largest carmaker sold 159,691 units in April as compared to 167,014 units in March
 "Covid impact: Maruti Suzuki total sales decline 4% in April")
Auto firms to halt production for up to 15 days amid raging second wave
For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory
 "Auto firms to halt production for up to 15 days amid raging second wave")
Maruti MD & CEO Kenichi Ayukawa tests Covid-positive, hospitalised
This is the second time in less than a year that Ayukawa, 66, has tested positive for the virus
 "Maruti MD & CEO Kenichi Ayukawa tests Covid-positive, hospitalised")
Covid: Maruti to shut down Haryana factories from May 1-9 to make oxygen
In this regard, the company advanced its bi-annual maintenance shutdown to May 1 through May 9 from earlier plan of June
 "Covid: Maruti to shut down Haryana factories from May 1-9 to make oxygen")
Maruti profit skids 10%, but company remains upbeat despite Covid 2nd wave
Chairman R C Bhargava says local lockdowns and curfews have so far not had any impact on production and retail demand continues to outpace supply
 "Maruti profit skids 10%, but company remains upbeat despite Covid 2nd wave")
Top headlines: Maruti Suzuki Q4 net drops 10%: record Covid cases in Kerala
Maruti Suzuki Q4 net declines 10% on supply chain disruptions, higher raw material costs, Bajaj Finance posts profit of Rs 1,347 crore in March quarter, and other top news of the day
 "Top headlines: Maruti Suzuki Q4 net drops 10%: record Covid cases in Kerala")
Maruti Suzuki's domestic sales in Q4 surge 27%
However, weak demand for vehicles during the pandemic and higher commodity costs hurt India's largest carmaker's quarterly numbers
Former Maruti Suzuki MD Jagdish Khattar passes away due to cardiac arrest
Khattar (79), a former bureaucrat, was considered as one of the most high profile leaders of the Indian automotive industry, laying the foundation for Maruti's future growth
 "Former Maruti Suzuki MD Jagdish Khattar passes away due to cardiac arrest")
Jagdish Khattar, former Maruti MD, dies of cardiac arrest at age 79
Jagdish Khattar's tenure saw Maruti establish itself as India's largest car company.
 "Jagdish Khattar, former Maruti MD, dies of cardiac arrest at age 79")
Gateway Rail Freight, Maersk jointly flag automotive express service
Maruti Suzuki transports 180,000 vehicles through trains in 2020-2021
 "Gateway Rail Freight, Maersk jointly flag automotive express service")
Maruti Suzuki hikes price of selected models, others may follow suit
Raw material prices are hardening with the full impact of cumulative increases set to be felt in Q3 and Q4 of this financial year
Top headlines: Maruti Suzuki hikes prices; Mindtree Q4 net climbs 54%
Business Standard brings you the top news of the evening
Maruti Suzuki hikes prices by up to Rs 22,500 to offset input costs
Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise
Top 5 best-selling car models from Maruti Suzuki stable in 2020-21
The country's largest carmaker Maruti Suzuki India on Tuesday said its models Swift, Baleno, WagonR, Alto and Dzire have emerged as best selling cars in 2020-21
Maruti Suzuki production rises significantly to 1,72,433 units in March
The country's largest carmaker Maruti Suzuki India on Monday said its total production in March 2021 increased significantly to 1,72,433 units over the same month last year.
 "Maruti Suzuki production rises significantly to 1,72,433 units in March")
Low base, recovery in demand drive March auto sales into fast lane
Maruti Suzuki, India's largest carmaker, reported a near 100 per cent jump in sales in March at 167,014 units against just 83,792 units last year
 "Low base, recovery in demand drive March auto sales into fast lane")
