Page 7 - Maruti Suzuki

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

Car exports zoom even as domestic sales stall; Maruti eyes 50% share

Hyundai sees overseas demand rising

Maruti Suzuki seeks govt help to revive small car demand in India

The company also said that it was not seeing an immediate impact from China's restrictions on rare earth magnets exports

No immediate impact from China's export curbs on magnets: Maruti Suzuki

Auto industry manufacturers told government officials last week that production could stall within days due to the curbs

Maruti Suzuki May sales up 3% at 180,077 units; dip in mini car segment

Maruti Suzuki India on Monday reported 3 per cent year-on-year increase in total sales at 1,80,077 units in May. The country's largest carmaker sold a total of 1,74,551 units in May 2024. Total domestic passenger vehicle dispatches to dealers stood at 1,35,962 units last month as compared with 1,44,002 units in the year-ago period, a dip of 6 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars Alto and S-Presso declined to 6,776 units as against 9,902 units in the same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 61,502 units as compared to 68,206 units in May 2024. Utility vehicles Grand Vitara, Brezza, Ertiga, XL6, Jimny clocked sales of 54,899 units last month as compared with 54,204 units earlier. Sales of Eeco van were at 12,327 units as against 10,960 units. Light commercial vehicle Super Carry sales stood at 2,728 units as against 2,692 units earlier. MSI said its exports

May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks

Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.

Maruti Suzuki partners Standard Chartered for dealer financing solutions

Maruti Suzuki India Ltd on Tuesday said it has entered into an alliance with Standard Chartered Bank for inventory funding for its dealers. The company has signed a Memorandum of Understanding (MoU) with Standard Chartered for inventory funding which will empower over 4,000 Maruti Suzuki sales outlets across the country, with comprehensive inventory funding options for their working capital requirements, Maruti Suzuki India said in a statement. "This partnership takes us a step towards further empowering our dealer partners, while the company continues to expand its market presence, as always. This strategic alliance will leverage the combined strengths of MSIL and Standard Chartered to offer comprehensive working capital solutions to our dealer partners," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Partho Banerjee said. The financing solution will support dealerships in enhancing their ability to manage inventory efficiently and deliver exceptional

India's PV market to grow 1-2% in FY26, Maruti Suzuki to exceed pace: SMC

Suzuki Motor Corp expects India's PV sales to grow modestly in FY26 but Maruti Suzuki may outperform due to new SUV launches and rising exports

India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki

Japanese small car major Suzuki Motor Corporation on Monday said overall passenger vehicle wholesale in the Indian market is expected to grow around 1-2 per cent in 2025-26, with the company's arm Maruti Suzuki looking to outpace industry growth. The company which has earmarked total capital expenditures of 380 billion yen for 2025-26 said "investments in India will account for approximately 50 per cent" of it with plans to increase production capacity of passenger vehicles. On the outlook for FY2025-26 in India, Suzuki Motor Corporation (SMC) in an investor presentation said, "Although SUVs continue to be strong in the market, demand for compact cars continues to be sluggish, and the overall market for wholesale sales is expected to grow by (around) 1 to 2 per cent." It further said, "With the launch of two new SUVs, including the BEV e VITARA, our company plans to outpace market growth." In addition, the new Kharkhoda plant where it initiated production in February this year, wil

Maruti Suzuki making production lines flexible to roll out ICE, EV models

Maruti Suzuki is making its production capabilities flexible so that more models, including electric vehicles, could roll out from the same manufacturing set-up, according to a senior company official. The country's largest carmaker Maruti Suzuki India is looking to add another 20 lakh units-production capacity by 2030-31 with about 28 different models in the market. Currently, the auto major has a production capability of around 26 lakh units per annum across its manufacturing plants in Haryana and Gujarat. The two plants in Haryana at Gurugram and Manesar roll out around 16 lakh units per annum. The new plant in Kharkhoda has also commenced production. To begin with, the new facility will have an annual production capacity of 2.5 lakh units and produce the compact SUV Brezza. Suzuki Motor Gujarat, a unit of the company, has also set up a facility in Gujarat with an installed production capacity of 7.5 lakh units per year. "In terms of production planning, increasingly we are ma

Here's why Maruti Suzuki, 2 other stocks are on analysts' buy list today

Stocks to Buy Today: Ajit Mishra of Religare Broking recommends a buy on Maruti Suzuki, Manappuram Finance and Petronet LNG on Friday, May 2, 2025.

Maruti Suzuki reports 7% increase in total sales in April at 179,791 units

Maruti Suzuki India on Thursday reported a 7 per cent increase in total sales to 1,79,791 units in April. The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month, it added. Sales of mini segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift and WagonR, rose to 61,591 units from 56,953 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,022 units last month compared to 56,553 units earlier. Sales of van Eeco stood at 11,438 units last month against 12,060 units in April last year, while that of light commercial vehicle Super Carry were 3,349 units compared to 2,496 units earlier. MSI said its exports last m

Osamu Suzuki: The Japanese automaker who motorised middle-class India

Former chairman and CEO of Japan's Suzuki Motor Corporation, Osamu Suzuki, was posthumously awarded the Padma Vibhushan

Castrol India's profit rises to Rs 2.33 bn on strong engine oil demand

Profit at Castrol India, majority-owned by British oil major BP, rose to Rs 2.33 billion ($27.4 million) from Rs 2.16 billion a year ago

Launch thrust to power volume engine of PV maker Maruti Suzuki India

Firing on all cylinders: New models to steer it through cost bumps, sector drag

Q4 results today: Reliance, Maruti Suzuki, Hindustan Zinc on Apr 25

Q4 FY25 company results today: Reliance Industries, Tata Tech, RBL Bank, Motilal Oswal Financial, and Poonawalla Fincorp will be among 37 firms to post earnings reports for the January-March quarter

Maruti Suzuki plans up to $1 bn capex for new EV launch, higher exports

The company is already India's biggest exporter of cars, and the e-Vitara key will be key to further boost its overseas shipments, which it plans to grow by 20% in the current fiscal year

Maruti Suzuki shares extend fall as Q4 profit slips 4%; key takeaways here

The auto maker's net profit for the fourth quarter declined 4 per cent Y-o-Y to ₹3,711.1 crore