2020 saw incremental growth for 1st-time car buyers, category up 3% for Maruti
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The country's largest carmaker Maruti Suzuki (MSI) on Thursday said its compact SUV Vitara Brezza has crossed 6 lakh units cumulative sales mark since making its debut in the market five years ago. The auto major had introduced the model in March 2016. "The country's best-selling compact SUV has further strengthened its position as the market leader with the sales of six lakh units. This is a testimony of our customers' elevated support and love for the brand, especially in a segment which is traditionally diesel driven," MSI Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. The model comes with a 1.5 litre petrol engine mated with five-speed manual and four-speed automatic transmissions.
Maruti Suzuki India (MSI) on Wednesday said its service network has crossed 4,000 outlet mark across the country, covering 1,989 towns and cities
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The company had sold 1,47,110 units in February last year, Maruti Suzuki India (MSI) said in a statement
The country's largest carmaker Maruti Suzuki India (MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports. The auto major achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat. "The company has been exporting vehicles for past 34 years much before India became a prominent player in the global automobile business.This early global exposure helped the company enhance its quality and attain global benchmarks," MSI MD and CEO Kenichi Ayukawa said in a statement. The automaker currently exports 14 models comprising nearly 150 variants, to over 100 countries, he noted. "Vehicles manufactured at our facilities in India have found high acceptance owing to global standards of quality, safety, design and technology," Ayukawa said. Going forward, the company has aligned itself with the evolving needs of customers in African and Latin American nations, he noted. "With a flur
Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia
The top of the line version is priced at 8.41 lakh (ex-showroom Delhi)
The carmarker is evaluating the feasibility of launching its off-roader Jimny in the domestic market
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To that end, it has worked hard on design tweaks and technological upgrades in its models, besides overhauling its retail network in a big way
Increasing commodity prices, specially those of rhodium and palladium, which are used in catalysers to meet strict emission norms, are putting cost pressure on automobile makers, according to a senior official of Maruti Suzuki India. The company, which had hiked prices of its vehicles in January, however is not planning to pass on the burden to consumers in the near future although it is keeping a close eye on its cost structure. With the supply of semiconductors becoming a challenge for the automotive industry, Maruti Suzuki is also watching the situation closely although it will have normal supply this month. "In commodities, prices have gone up dramatically this year, especially that of steel, and rhodium and palladium, which are used in catalysers of BS-VI vehicles. "Demand across the world has gone up but its mining happens only in Russia and South Africa. There, the mining was much lesser because of the pandemic," Maruti Suzuki India Executive Director (Marketing & Sales) ...
The rally in auto stocks may pause for now as demand cools off and companies grapple with supply-side issues, say analysts
Improving network of CNG and increase in number of cities where natural gas is now available have also been fuelling growth, company says
Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index
The country's largest car maker Maruti Suzuki India reported a 4.3% increase in total sales to 1,60,752 units in January