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.
Former chairman and CEO of Japan's Suzuki Motor Corporation, Osamu Suzuki, was posthumously awarded the Padma Vibhushan
Late Japanese industrialist Osamu Suzuki, the former chief of Suzuki Motor Corporation, has been honoured with India's second highest civilian award, Padma Vibhushan posthumously. Suzuki, who took a risk and bet on India when no one else believed in having a viable automobile company in India, has been awarded the 'Padma Vibhushan' for the year 2025 "for exceptional and distinguished service" in the field of trade and industry. He died last year at the age of 94. In 1981, Suzuki took the risk of partnering with the then Indian government to form a joint venture Maruti Udyog Ltd, at a time when India was still a closed economy under license regime. He is widely regarded as the man who spurred the automotive industry in the country. Maruti Udyog Ltd later on became Maruti Suzuki India Ltd subsequent to the government completing its exit in 2007 with Suzuki Motor Corporation holding majority stake. Osamu Suzuki was Director and Honorary Chairman, Maruti Suzuki India Ltd. A man who ..
India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company's subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the end of March 2024, Suzuki Motor Corporation said in a statement. "India becomes the second country after Japan in which Suzuki has reached this milestone, and the fastest country to reach 30 million units in just 40 years and 4 months since starting production in December 1983, breaking the record of 55 years and 2 months in Japan," it said. Suzuki's automobile production in India started with its first model, the Maruti 800 by the then Maruti Udyog Ltd, a joint venture between the company and the Government of India. Currently, Maruti Suzuki India Ltd (MSIL) has manufacturing facilities at Gurugram, Manesar (in Haryana) and Hansalpur
Suzuki has said earlier that they have plans to develop CNG automotive solutions around biogas in India, and also export to other farming regions like Africa, Asean, Japan in the future
MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal
Maruti Suzuki India on Tuesday said its board has approved issue of shares on preferential basis to Suzuki Motor Corporation (SMC) as consideration for the acquisition of 100 per cent stake in Suzuki Motor Gujarat. Post such acquisition, Suzuki Motor Gujarat (SMG) will become a wholly-owned subsidiary of the company, Maruti Suzuki India (MSI) said in a regulatory filing. "The Board approved the issue of MSI equity shares to SMC to pay for the SMG shares," it added. The total number of securities proposed to be issued to SMC as consideration for the acquisition of its 100 per cent stake in SMG, shall be decided in a subsequent board meeting, basis relevant valuation reports subject to and in compliance with the applicable regulatory and statutory framework, the auto major stated. MSI board, in its meeting held on July 31, 2023 had approved termination of the contract manufacturing agreement with SMG and acquiring its shares SMC at a price to be determined in accordance with all ...
T-Hub, an innovation hub and ecosystem enabler on Monday announced its partnership with Suzuki Motor Corporation (SMC), a leading corporation in the automobile sector to accelerate the growth of the Indian start-up ecosystem. A press release from T-Hub said with the collaborative partnership, both the firms aim to provide mentoring and support Indian entrepreneurs to access Japan's ecosystem. Suzuki Innovation Center (SIC), which is an open innovation platform, will provide growth opportunities to T-Hub incubated start-ups. In addition, SIC provides an open platform for new connections and innovation between India and Japan among academia, industries, and start-ups. Mahankali Srinivas Rao, CEO of T-Hub, said, "Through our partnership with Suzuki Motor Corporation, we are aiming to address broad challenges on and beyond mobility, in India and Japan, on top of the synergistic combination of technology and design. The partnership will empower T-Hub entrepreneurs to scale globally ...
Pre-Covid it had predicted that the market would reach 10 million
Suzuki holds a 56.37 per cent stake in Maruti Suzuki
TDSG's facility - the first in the country to make batteries with cell-level localisation - has an aggressive export target for the next three years
During an event at Mahatma Mandir in Gandhinagar on Sunday, Modi laid foundation stones for the EV battery unit at Hansalpur and Maruti Suzuki's upcoming manufacturing plant in Kharkhoda, Haryana
New plant, with capacity to make 1 million cars in a year, to come up in Haryana
Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen by 2026, for local manufacturing of Battery Electric Vehicles and BEV batteries in Gujarat
SMC also said its board has proposed the appointment of Toshihiro Suzuki -- current director and President, and son of Osamu Suzuki -- as the Chairman of the Board of Directors
The advice comes amid the Centre's clarion call to manufacturers across sectors to cut imports and become self-reliant
Japan's fourth-largest automaker posted an operating profit of 51.8 billion yen
The company said it expects net sales during the current fiscal to come down to 3,500,000 million yen
The company forecast its profit for the fiscal year April 2019-March 2020 to be at 330 billion yen, while pegging net sales at 3,900 billion yen.
The company had crossed the first 1 million units milestone in March 1994 and went on to reach 10 million units in March 2011