Page 4 - Maruti Suzuki

CAFE norms battle hots up: M&M counters Maruti Suzuki on relief

Industry divide complicates govt's efforts to finalise new fuel-efficiency norms

CAFE norms weighted in favour of bigger cars: Maruti Chairman R C Bhargava

Bhargava hits out at rivals for adopting a self-serving approach

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Maruti Suzuki India's total sales decline 6% to 167,993 units in June

Maruti Suzuki India on Tuesday reported a 6 per cent year-on-year decline in total sales to 1,67,993 units in June. The country's largest carmaker had sold a total of 1,79,228 units in June 2024. Its total domestic passenger vehicle dispatches to dealers stood at 1,18,906 units last month compared to 1,37,160 units in the year-ago period, a dip of 13 per cent, Maruti Suzuki India (MSI) said in a statement. "The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now, even after 6.5 per cent GDP growth, the car market is nearly flat," MSI Senior Executive Officer Rahul Bharti said. This is because the once mass small car segment is not participating in the growth at all, he added. "This is clearly an affordability issue," Bharti said. Since 2019, the entry-level price point in the industry has jumped by over 70 per cent, largely driven by stricter ...

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Maruti Suzuki opens India’s largest in-plant railway siding | Manesar

India’s large car maker Maruti Suzuki has started the country's largest in-plant railway siding at Manesar facility with dispatch capability of 4.5 lakhs vehicles at full capacity.

Vaishnaw inaugurates cargo terminal at Maruti Suzuki's Manesar site

The rail link was developed at a cost of ₹800 crore, with HRIDC contributing ₹684 crore and the remaining amount funded by Maruti Suzuki

Maruti Suzuki sees vehicle dispatches via railways to rise to 35% by FY31

Car market leader Maruti Suzuki India Ltd expects vehicle dispatches through railways to increase to 35 per cent by 2030-31, its Managing Director and CEO Hisashi Takeuchi said on Tuesday. The company, which inaugurated its second automobile in-plant railway siding at its Manesar facility, has increased vehicle dispatches through railways, from just around 5 per cent in FY 2014-15 to 24 per cent last year, he said while addressing the event here. The automobile in-plant railway siding at Manesar plant is India's largest GatiShakti multi-modal cargo terminal. "Maruti Suzuki pioneered the use of railways for vehicle dispatches over a decade ago by becoming the first company to obtain the automobile-freight-train-operator license in India, and since then, we have dispatched over twenty-five lakh passenger vehicles using railways," Takeuchi said. In March 2024, the automaker became the first automobile company to establish an in-plant railway siding in its Gujarat manufacturing plant.

Maruti Suzuki ties up with Equitas Small Finance Bank for car financing

Leading car maker Maruti Suzuki India Ltd has partnered with private sector Equitas Small Finance Bank to offer vehicle financing options to its customers, a company official said on Friday. A memorandum of understanding between the two entities was signed with an aim to provide retail financing options for new cars, used cars and commercial vehicles. "The collaboration is set to enhance the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers," a company statement here said. The Chennai-headquartered Equitas Small Finance Bank would leverage the growing customer base of the bank to benefit diverse Maruti Suzuki customer profiles and offer them a range of comprehensive financing solutions. Maruti Suzuki India Ltd Senior Executive Officer Partho Banerjee exchanged documents with Equitas Small Finance Bank's retail assets head Jagadesh J in the presence of representatives of both organisations. "Our collaboration will enable us to reach an even

No disruption in operations due to rare earth supply crisis: Maruti

Automaker says situation is 'uncertain and evolving' amid report that it has made e-Vitara production cuts

Maruti Dzire is first sedan in India to get 5-star BNCAP safety rating

The Dzire is the first non-SUV to achieve a 5-star Bharat NCAP rating, with Maruti Suzuki pledging six airbags across all models by year-end

Maruti Suzuki cuts near-term EV production amid rare earths crisis

India's top carmaker, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September

No impact of rare earth magnet shortage on production yet: Maruti Chairman

Maruti Suzuki India Chairman R C Bhargava on Monday said there is no impact on the company's production due to the shortage of rare earth magnets as of now. His comments come against the backdrop of restrictions imposed by the Chinese government since April 4 on the export of rare earth elements and related magnets. China has mandated special export licences for seven rare earth elements and related magnets. China controls over 90 per cent of global processing capacity for the magnets, used across sectors including automobiles, home appliances and clean energy. "There is no impact at the moment," Bhargava told PTI when asked if the auto major is facing any production issues due to the global shortage. The production activity at the country's largest carmaker is going on as planned, he added. When asked if the company sees a production crunch over the next few months due to the issue, he noted: "If the licenses come through and they are supposed to come through, there would not be

Maruti, Hyundai eye robust growth in exports amid domestic challenges

Maruti Suzuki and Hyundai Motor India expect healthy growth in overseas shipments in the current fiscal year amid challenging business environment in the domestic market. Hyundai Motor India is looking at single-digit volume growth in its exports in the current fiscal year, while Maruti Suzuki is bullish to achieve around 20 per cent volume growth in its overseas shipments. "We are aiming to become Hyundai's largest export hub outside South Korea. We aspire to continue our growth trajectory in exports in the coming years," Hyundai Motor India Managing Director Unsoo Kim told analysts during a call. Exports have gained strong momentum in recent months, and the automaker aims to sustain this trajectory going forward, he added. "For FY26, we anticipate the growth in export volumes to be around 7-8 per cent, supported by robust demand for our products in the emerging markets," Kim stated. Hyundai Motor India exported 1,63,386 vehicles in FY25 as compared with 1,63,155 units in ...

Maruti launches flexible EMI plan to upgrade small cars to Grand Vitara

The pilot scheme in three cities offers low EMI of around Rs 9,999 and guaranteed buyback after five years to make SUV ownership affordable and accessible for small car owners

Maruti Suzuki eyes 35% rail dispatch share by FY31: CEO Hisashi Takeuchi

Rail dispatches accounted for 24.3 per cent of the company's total vehicle dispatches in FY25, up from 21.5 per cent in FY24

Dispatched 518K vehicles through Indian Railways in FY25: Maruti Suzuki

Maruti Suzuki India on Thursday said it has dispatched 5.18 lakh vehicles through Indian Railways in FY 2024-25, its highest-ever. Around 24 lakh vehicles have been dispatched cumulatively through the Indian Railways since FY 2014-15, the car market leader said in a statement. The automaker currently dispatches vehicles to more than 20 hubs through Indian Railways, from where over 600 cities across India are served, it stated. Port locations of Mundra and Pipavav, used by the company for exports, are also served using railways, it added. "Reducing carbon emissions is a top priority for us, both in our products and in our operations," Maruti Suzuki India MD & CEO Hisashi Takeuchi said. Maruti Suzuki was the first company in India to obtain an automobile-freight-train-operator license, in 2013, he added. "Since then, we have dispatched nearly 24 lakh vehicles through rail mode. By FY 2030-31, we plan to increase the share of vehicle dispatches through railways to 35 per cent," ...

Maruti Suzuki lines up Rs 925 cr to ramp up solar capacity by FY31

Maruti Suzuki India on Wednesday said it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY2030-31. The car market leader announced the expansion of its solar capacity by 30MWp with two new projects. The company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, the company's solar capacity across its locations has enhanced from 49MWp to 79MWp in the last one year, Maruti Suzuki India (MSI) said in a statement. "Aligned with our parent company, Suzuki Motor Corporation's Environment Vision 2050 and the Government of India's focus on renewable energy, we are systematically enhancing the use of renewable energy in our operations," MSI MD and CEO Hisashi Takeuchi stated. By FY2030- 31, Maruti Suzuki plans to reach 319MWp of solar capacity, backed by an investment of over Rs 925 crore, he added. Through sustained efforts, the shar