Page 3 - Maruti Suzuki Auto

Maruti Suzuki at fresh high; up 4% on record quarterly sales, profit in Q2

The company reported 80.3% YoY jump in net profit to Rs 3,716.5 crore on account of higher net sales, softening of commodity prices, cost reduction efforts and higher non-operating income.

As Pak Suzuki plans to delist, a glance at Pakistan's automobile industry

Auto sector in Pakistan has registered a huge decline in sales volumes from the latter half of 2022, thanks to the import restrictions imposed by SBP on the import of CKD kits of vehicles

Maruti eyeing bigger pie of global car market, aims to 3X exports by 2030

Maruti Suzuki reported its best-ever exports which reached 259,333 units for the financial year 2022-23

Passenger vehicle sales race to new high, GST mop-up above Rs 1.6 trillion

He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect

Indian automakers post rise in August sales ahead of festive season

In the passenger vehicles (PV) category, sales for Maruti Suzuki and Mahindra and Mahindra grew 16.4% and 25%, respectively, for the month compared to a year earlier

Maruti Suzuki reports highest ever monthly sales of 189,082 units in August

Maruti Suzuki India on Friday reported its highest-ever monthly wholesales at 1,89,082 units in August. The auto major's dispatches to dealers last month were 14 per cent higher as compared to 1,65,173 units in August. Total domestic passenger vehicle sales were at 1,56,114 units as against 1,34,166 units in the year-ago month, a growth of 16 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars, comprising Alto and S-Presso, declined to 12,209 units last month from 22,162 units in August 2022, it added. Dispatch of compact cars, including Baleno, Celerio, Dzire, Ignis and Swift rose to 72,451 units over 71,557 units in the year-ago period. Utility vehicles, consisting of Brezza, Grand Vitara, Jimny, Ertiga and XL6, clocked sales of 58,746 units last month as compared to 26,932 units in August last year. MSI said its exports last month stood at 24,614 units as against 21,481 units in the same month last year.

As Indian mkt matures, global automakers aim to make India an export hub

Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more 'India-first' models

Maruti Suzuki True Value crosses 5 million units sales of pre-owned cars

Maruti Suzuki India on Wednesday said its pre-owned car business has crossed 50 lakh-unit sales milestone since inception. The company had introduced its pre-owned car brand, Maruti Suzuki True Value in 2001. "With the successful completion of 22 years in the industry, India's most trusted pre-owned car brand, Maruti Suzuki True Value has established itself as the preferred choice of 50 lakh happy customers," Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Shashank Srivastava said in a statement. True Value is currently present in more than 281 cities and operates from over 560 outlets pan-India.

With 8 products in top-10 best-selling cars, Maruti continues to dominate

Maruti's compact SUV, Vitara Brezza has posted a 70 per cent growth in its sales with numbers reaching 16,643 units in July 2023 compared to 9,709 units sold in July 2022

Maruti Suzuki Q1FY24 results: Net profit up 145% YoY, revenue up 22%

The company approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG)

Maruti Suzuki to recall 87,599 vehicles to fix manufacturing defect

The vehicles include Maruti's small hatchback S-Presso and affordable MPV Eeco

Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam

Two-wheeler sales registered a slight jump of 1.68% as the sales touched 1,330,826 in June 2023, compared to 1,308,764 in June 2022

More than budget carmaker: Maruti leads Rs 10-20 lakh segment at 23% share

Maruti Suzuki has been pushing for sales in the premium segment via its Nexa outlets as it looks to secure improved profitability, better margins and high-income customers

TMS Ep471: Inflation, Maruti-Toyota, bank consolidation, Kashmiri saffron

Will tomato prices sour RBI's fight against inflation? Is Maruti getting dependent on Toyota? Will HDFC merger trigger consolidation among PSU banks? Why's Kashmiri saffron so expensive? Answers here

Maruti takes an offensive stance in EV space, to launch 6 EVs by 2030-31

So far, Maruti Suzuki has shown little interest in launching electric powertrain vehicles and has advocated hybrid and CNG technology as better alternatives

As automakers milk price-hike benefits, employees get handsome appraisals

The average salary hike at Maruti Suzuki this year is 14-15 per cent

Maruti Suzuki launches its multi-purpose vehicle Invicto at Rs 24.79 lakh

The company has launched Invicto in three variants and expects the model to further strengthen its presence in the overall MPV segment where it commands around 50% market share already

Maruti Suzuki production declines 5% YoY in June 2023, SUV production up

Maruti's sedan Ciaz also registered a 77 per cent jump in production numbers from 1,519 units in June 2022 to 2,694 units in June 2023

Mahindra's 5-door Thar to be launched in South Africa on Aug 15; details

Operating in South Africa since 1996, M&M has registered a recent spike in sales in the country

Stock of this auto ancillary company has zoomed over 60% so far in June

Shares of Jay Bharat Maruti hit a fresh 52-week high of Rs 269.25, as they rallied 4% on the BSE in Tuesday's intra-day trade in an otherwise a weak market.