Maruti

Maruti Suzuki achieves milestone of exporting 3 million cars from India

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

Maruti Suzuki looks beyond top 10 markets to boost CNG car sales

90% of firm's sales in the category comes from 10 states

Buy or Sell? TCS, Maruti, HUL among 7 Nifty stocks trading in oversold zone

These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.

Stable govt gives confidence of sustained growth: Maruti Chief Bhargava

India has proven the 'fallacy' of incompatibility of rapid economic growth and a democratic political system, and the continuity of government and policies give industry the confidence of sustained high growth, Maruti Suzuki India Chairman R C Bhargava said on Tuesday. In his address to shareholders in the company's Annual General Meeting held virtually, he asserted that India's democratic processes will lead it to a sustained and more equitable society. Bhargava also said the industry and the government can work with trust and confidence with each other to achieve the goal of India becoming a developed country by 2047. "Over the years, I've heard people arguing that rapid economic development and a democratic political system are not really compatible. Our country has proved the fallacy of this line of thinking," he said. Asserting his point, Bhargava said, "We are now the fastest growing economy in the world, and our prime minister is one of the most respected global ...

Maruti to start new showroom line 'Nexa Studio' in Tier-2, -3 cities

Currently, MSIL is selling its cars through two dealership lines - Nexa for premium segment, and Arena for all others

Maruti to increase deferred tax liability provision by Rs 850 cr in Q2

Maruti Suzuki India on Saturday said it would need to increase provision for deferred tax liability by around Rs 850 crore due to the withdrawal of indexation benefit while calculating long-term capital gains on debt mutual funds. The company was making accounting provisions for deferred tax liability on fair value gains on these investments, Maruti Suzuki India said in a regulatory filing. A one-time impact on profit after tax will be felt in the second quarter of the ongoing fiscal, it added. In the Finance (No.2) Act 2024, the indexation benefit has been withdrawn while calculating long term capital gains on debt mutual funds which were purchased prior to April 1, 2023, it added. "Due to withdrawal of indexation benefit and change in rate of tax from 20 per cent plus surcharge and cess (with indexation) to 12.5 per cent plus surcharge and cess (without indexation), accounting provision for deferred tax liability so created needs to be restated," the automaker said. Consequently

Affordable mass electric vehicles key to unlocking demand in Indian market

A compact, budget-friendly electric car from a major Indian manufacturer, could be the tipping point for widespread EV adoption

Driving an industry

R C Bhargava's latest book is a step-by-step recounting of the Maruti story, but its real value lies in the many lessons that the story holds both for policymakers as well as manufacturers

Sky's the limit: Maruti Suzuki ventures into electric air copters

Maruti Suzuki unveils plans for SkyDrive, electric air copters that bridge the gap between drones and helicopters and may offer ride-sharing services with easy rooftop take off

40 years of Maruti 800: Jairam Ramesh recalls contribution of Indira, Rajiv

Senior Congress leader Jairam Ramesh on Thursday recalled the launch of people's car Maruti 800 40 years ago, and said Indira Gandhi and Rajiv Gandhi played a quiet but hugely effective role in the background. Former environment minister Ramesh also said that while celebrating Maruti-Suzuki and its multiple impacts, let us also pause and worry a bit from the inequality and climate change point of view that more than 50 per cent of car sales are now of SUVs. In a post on X, Ramesh said, "Today 40 years ago, the consumer revolution overtook India and its engineering industry got transformed. The Maruti 800, the people's car was launched and the nation recalls Indira Gandhi and Rajiv Gandhi, who played a quiet but hugely effective role in the background." It is also important to recall O Suzuki and V Krishnamurthy who made the landmark Suzuki-Maruti joint venture possible, he noted. Krishnamurthy had earlier built BHEL and was to later turn around SAIL, Ramesh pointed out. "One of th

Maruti, Mahindra, Audi extend support to customers in cyclone-hit areas

Maruti Suzuki India, Mahindra & Mahindra and luxury car maker Audi have extended support to customers in cyclone and flood affected regions of Tamil Nadu and Andhra Pradesh. In a statement, Maruti Suzuki India said it has collaborated with its dealer partners and made several arrangements at its workshops. As soon as the news about the cyclone 'Michaung' was reported, the company proactively sent out 7 lakh SMS alerts containing precautionary steps to its customers to ensure that even before the cyclone hits, customers could take precautionary measures to safeguard their cars against potential damage, it said in a statement. The company said it mobilised 46 tow trucks from neighbouring cities and activated 34 roadside assistance vehicles for quick response, augmented spare parts inventory for ready availability, and collaborated with insurance firms for faster claim processing and settlement. Mahindra & Mahindra said it has initiated complimentary roadside assistance, no-cost .

Sensex ends 92 pts up amid volatility, Nifty tops 19,800; Infy, ITC gain 1%

Closing Bell on Wednesday, November 22, 2023: The BSE MidCap index gained 0.3 per cent, while the SmallCap slipped 0.6 per cent. Tata Tech and Gandhar Oil IPOs received strong response on Day 1.

MSIL to issue shares worth Rs 12,841 cr to acquire Gujarat plant from SMC

Share issue will raise Suzuki Motor Corporation's ownership in Maruti Suzuki India to 58.19%

Maruti to pay $1.54 billion in stock to Suzuki Motor for local plant

Maruti will issue 12.3 million preference shares at Rs 10,420.85 each, which is a 2.7 per cent discount to the stock's closing price on Monday. The stock dropped 0.6 per cent on the day

Indian PV market to nearly double in size by FY31: Maruti MD Takeuchi

Automobile businesses need to be 'reviewed, re-aligned' for higher scale of operations, he says

Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion

Maruti Suzuki (up 4% at Rs 10,390) and M&M (up 2% at Rs 1,604.55) hit their respective new highs, and rallied up to 9% in the past five days as compared to a less than 1% rise in the S&P BSE Sensex.

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens

Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.

Aiming for 20% of sales to be EV-driven by 2031: Maruti's R C Bhargava

R C Bhargava, chairman, MSIL, in an interaction talks about the company's EV plans, the need to acquire Suzuki Motor Gujarat (SMG), and reorganisation

Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24

The Indian economy, on the other hand, has been performing well and auto sales have remained robust

Maruti to acquire Suzuki Motor Corp's Gujarat plant to boost efficiency

Maruti will take over EV production at Gujarat site, replacing Suzuki Motor Corp