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In the previous financial year, FY24, MSIL added 400 service touchpoints, with 90 in the Nexa (premium) format and the remaining 310 in the Arena (affordable) format
Car market leader Maruti Suzuki India on Wednesday said it plans to increase its overall service network to 8,000 touchpoints by 2030-31, with an aim to reach closer to its customers. The company, which on Wednesday opened the 500th service touchpoint for its premium retail outlet NEXA, currently has 5,240 touchpoints across NEXA as well as ARENA -- the mass market retail chain. "Our aim is to consistently deliver convenience and superior car ownership experience to our customers. One way is by reaching closer to our customers so that they have assurance of finding a Maruti Suzuki service touchpoint nearby," Maruti Suzuki India MD & CEO, Hisashi Takeuchi said in a statement. He further said, "Going forward as we plan to substantially increase our annual production and sales, we will simultaneously strengthen our service network. Our plan is to expand our service network, including ARENA and NEXA service touchpoints, from about 5,240 to 8,000 by FY 2030-31." Maruti Suzuki opened ...
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MSIL plans to launch its first electric car in India in January 2025. Not just MSIL, Hyundai and Kia will also launch their first mass-market electric cars in India next year
Up to 4% increase to be effective from Jan 1; higher input costs drive the move
Several automakers have announced price increases for their vehicles starting January 2025, citing rising input costs, operational expenses, and supply chain disruptions
As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers
The pilot project of the PM Internship Scheme received over 650,000 applications for 127,000 opportunities offered by 280 Indian companies participating in the scheme
The preceding week ended on a positive note for equity benchmarks. On Friday, the BSE Sensex surged 0.96 per cent to close at 79,802.79, while Nifty also gained 0.91 per cent to settle at 24,131.10
Maruti Suzuki India on Sunday reported a 10 per cent year-on-year increase in its total sales at 1,81,531 units in November. The automaker had dispatched 1,64,439 units to its dealers last November last year. Total domestic passenger vehicle wholesales were at 1,41,312 units as compared with 1,34,158 units in the year-ago month, a growth of 5 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, stood at 9,750 units as against 9,959 units in November 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, declined to 61,373 units as compared to 64,679 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,003 units last month as compared to 49,016 units earlier. Sales of van Eeco were at 10,589 units last month as against 10,226 units in November 2023, while that of light commercial vehicle Super Carry stood at 2,926 units as against 2,509 units earlier.
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MSIL currently exports 17 models to nearly 100 countries worldwide. Countries in Latin America, Africa, Asia, and the Middle East are important export markets for the company
90% of firm's sales in the category comes from 10 states
As many as 27 out of the Nifty 50 stocks are trading below their respective long-term moving average; analysts see this as an overall weak trend in the market.
Fresh upgrades in sedans likely to attract entry SUV buyers and pre-owned car buyers
Bhargava discusses the reasons for the slowdown and their strategy in the EV market
Maruti launches fourth-gen Dzire; Honda to roll out new Amaze in coming months
A revival in the rural market has helped in arresting the decline in sales of entry-level small cars, which saw a 10 per cent growth in retail sales in October, top company officials of Maruti Suzuki India said on Monday. The company, which launched all-new version of its compact sedan Dzire priced between Rs 6.79 lakh and Rs 10.14 lakh (ex-showroom Delhi), is bullish on enhancing its share in the sedans category despite the fast growth of SUVs and asserted that it would continue to cater to all segments to preserve its high market share in the domestic market. While the SUV segment has been growing, other segments are also important to the company to maintain high market share, Maruti Suzuki India (MSI) MD and CEO Hisashi Takeuchi told reporters here. "The compact sedan segment is very reliable. So from a business point of view, it is very good and secondly in order to retain decent market share, we have to have a presence in each of the customer segments," Takeuchi noted. MSI ...
Maruti Suzuki India is targeting markets like UAE, Saudi Arabia, Chile, Mexico and other Latin American countries with its upcoming new version of compact sedan Dzire to accelerate exports as it eyes over 3 lakh units of overseas shipments this fiscal, a senior company official said on Wednesday. In the domestic market, the company hopes to enhance its share in the sedan market amid the passenger vehicles market shifting towards SUVs (Sports Utility Vehicles), with the new Dzire which is slated for launch next week. "We have been growing (exports) at a rate of about 11.9 per cent in the first seven months of the financial year and we hope to continue on that momentum. So we hope to do more than about 3 lakh car exports within this financial year," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti told PTI here. In contrast, just about four years ago, the company's exports were below one lakh per year, he added. "So, now we'll be doing about three times of that,
Bharat Seats Ltd has announced a bonus share issuance, granting one bonus share for each held share. This is the first bonus in over 17 years, pending shareholder approval