Page 2 - Maruti Sales

Maruti Suzuki shares decline over 2% after September sales data

Shares of Maruti Suzuki India (MSI) on Friday dipped over 2 per cent after the company reported 46.16 per cent decline in sales in September. The stock dipped 2.39 per cent to close at Rs 7,159.40 on the BSE. During the day, it declined 3.28 per cent to Rs 7,093.50. On the NSE, it dipped 2.39 per cent to close at Rs 7,162.30. The country's largest carmaker Maruti Suzuki India on Friday reported 46.16 per cent decline in sales at 86,380 units in September. The company had sold 1,60,442 units in September last year, MSI said in a statement. Domestic sales slipped 54.9 per cent to 68,815 units last month as against 1,52,608 units in September 2020, it added. "Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact," the auto major stated.

Maruti Suzuki to slash output in September by 60% over chip shortage

Closure of Bosch plant in Malaysia hurt production in September

Maruti Suzuki sales at lowest in 6 years amid Covid-induced slowdown

The carmaker's production declined for the third consecutive year in financial year 2020-21 to an 11-year low

Maruti Suzuki Q1 profit falls 62% as Covid-19 hits output, sales

Commodity super cycle to hit margins, says carmaker

Maruti Suzuki Nexa completes 6 yrs with cumulative sales of 1.4 mn units

Maruti Suzuki India (MSI) on Friday said its premium sales network Nexa has crossed 1.4 mn sales milestone in six years of coming into existence

Maruti crosses 5 mn cumulative sales milestone in rural markets of India

The country's largest carmaker Maruti Suzuki India on Wednesday said it has crossed the 50 lakh cumulative sales milestone in rural markets of India. With over 1,700 customised outlets in rural parts of the country, nearly 40 per cent of the total MSIL sales come from rural markets today, Maruti Suzuki India Ltd (MSIL) said in a statement. The company's total sales in the April-June period of this fiscal stood at 3,53,614 units. In fiscal 2020-21, it had sold a total of 14,57,861 units, down from 15,63,297 units sold in 2019-20. Commenting on the feat, MSIL Senior Executive Director (Marketing & Sales) Shashank Srivastava said, "We are proud to announce that with the support from our customers and local dealer partners, we have achieved 50 lakh sales in rural India cumulatively." Stating that rural markets have a very special place in the company's business, he said, "over the years, we have carefully studied the needs of this segment... We remain committed to deliver products and

Top Headlines: CBSE Class 12 Board cancelled, Maruti's sales take 71% hit

Our top headlines Wednesday track the Indian economy

Maruti Suzuki reports 11.8% rise in sales to 1,64,469 units in February

The company had sold 1,47,110 units in February last year, Maruti Suzuki India (MSI) said in a statement

Maruti Suzuki looking to cash in on increased demand for CNG vehicles

Amid skyrocketing prices of petrol and diesel, Maruti Suzuki India (MSI) is looking to cash in on the accelerated demand for its CNG vehicles, expecting nearly 50 per cent growth in the ongoing fiscal year, according to a senior company official. The company, which offers CNG options in eight models out of total 14 available in the Indian market, is also actively working to expand the portfolio. "This year CNG (vehicles) in the industry has grown almost 37 per cent at a time when the overall growth is negative (18 per cent decline) in April-January period. It means CNG is growing very well," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava told PTI. Explaining why the demand for CNG vehicles has gone up, he said as the prices of petrol and diesel as a fuel have gone up dramatically, the running costs have also increased. "The cost of running CNG is only Rs 1.5 per km whereas for petrol and diesel it is almost Rs 4 per km. People are now preferring ...

Demand, dip in market share, profit margin weigh on Maruti Suzuki

Valuations factor in the volume rebound, leaving little upside from the current levels

Maruti expands lead over rivals with 51% share, best ever sales in October

Shift towards petrol, entry-level vehicles and robust distribution in rural areas helps company to maintain pole position

Here's what to expect from Maruti Suzuki's Q2 results today

According to recent sales data, Maruti sold 3.9 lakh units, comprising 3.70 lakh units in domestic and 22,511 units in exports, during the quarter under review

Maruti launches special edition of Swift in festive season at Rs 519,000

The Swift Special Edition is available at an additional cost of Rs 24,990 across all company's dealerships

Maruti remains bullish on long-term growth of auto sector despite hurdles

Srivastava said it was getting difficult to predict when the company would be able ro achieve normal volumes

Return of Maruti: Over 100,000 units sold in July, 88.2% more than June

This is a clear indication that people are rushing to buy new cars as the coronavirus-induced lockdown eases, and opting for private transport to maintain social distancing

Top 10 biz headlines: Maruti EV plans delayed, unemployment data and more

From Maruti putting EV plans on hold to the government releasing new unemployment data, here are the top business headlines of the day.

Maruti Suzuki Dzire takes top slot in April-Nov, captures 60% market share

Maruti Suzuki India (MSI) on Tuesday said its compact sedan Dzire has become the best selling car in the country in the first eight months of the current fiscal with sales of over 1.2 lakh units. The company said the model currently has around 60 per cent market share in the compact sedan segment. "Over years, Dzire has created a niche for itself amongst compact sedans. Gaining widespread acceptance, the model was conceptualised keeping in mind the customer demands," MSI Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. The third generation version of the model was launched in May 2017.

Maruti Suzuki India sales down 1.9% in November at 150,630 units

Domestic sales declined by 1.6 per cent at 143,686 units last month as against 1,46,018 units in November 2018

Top headlines: GST collection falls to Rs 91,916 cr, Maruti sales decline

The government will by the end of October submit its report on potential wrongdoing at three Indiabulls Group companies.

Maruti cuts production by 25% for the sixth consecutive month in July

The company produced a total of 1,33,625 units in July