Page 3 - Maruti Suzuki

Maruti Suzuki contributes Rs 3 cr to PM CARES fund for flood relief

Maruti Suzuki India on Tuesday said it has donated Rs 3 crore to the PM CARES fund for flood relief across various states. The company's contribution aims to support the government's relief and rebuilding efforts across the country, the auto major said in a statement. "We stand in solidarity with the individuals and families affected by the recent natural calamities. In times of crisis, it is a collective responsibility to stand together and rebuild," Maruti Suzuki India MD and CEO Hisashi Takeuchi said. The contribution is a humble gesture to support the government relief and rehabilitation efforts for affected communities, he added.

48% tax on hybrid cars and 5% on EVs to stay for long: Amitabh Kant

Major car makers such as Maruti Suzuki India and Toyota Kirloskar Motor have been asking for lowering of taxes on hybrid cars

Maruti slashes prices of Alto K10, S-Presso variants amid drop in sales

In August alone, MSIL sold a total of 10,648 units of the two mini cars, recording a drop of 12.8% Y-o-Y

Maruti to drive deep into small towns via Arena Satellite showrooms

Banerjee said that in the digital era, there is no real divide between urban and rural. However, in Tier-II and Tier-III cities, there is an affinity for hatchbacks

Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023

Maruti Suzuki total sales dip 4% year-on-year to 181,782 units in August

Maruti Suzuki India on Sunday reported a 4 per cent year-on-year decline in total sales in August at 1,81,782 units. The company had dispatched 1,89,082 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared with 1,56,114 units in the year-ago month, a dip of 8 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis and Swift, declined 20 per cent to 58,051 units as compared with 72,451 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga, Invicto, Fronx and XL6, clocked sales of 62,684 units last month as compared to 58,746 units earlier. Sales of Eeco were at 10,985 units last month as against 11,859 units in the year-ago period, while that of light commercial vehicle Supe

Will have 10 days' dealer stock by year-end: Maruti Chairman R C Bhargava

Currently, Maruti dealers hold inventory for 38 days

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

Tata Motors' Punch beats Maruti Suzuki WagonR as India's top-selling car

Punch's success highlights a rising consumer preference for alternative fuel options, according to experts

Maruti to talk CBG production expansion with Centre: Suzuki Motor

This contrasts with its total vehicle sales of 427,000 units in the first quarter of 2023-24, which grew 1.2 per cent Y-o-Y

Stocks to watch on Aug 19: Piramal Ent, Jubilant Pharmova, Urja Global

Stocks to watch on August 19: The promoters of the company have announced that on August 16, 2024, an entity within the Promoter Group acquired 616,615 equity shares of Piramal Enterprises

Maruti Suzuki receives Rs 3.81 crore show cause notice from customs office

The show cause notice asks the automaker to justify its claim for customs duty exemption on certain imported goods

Maruti Suzuki's export of Indian SUV to Japan to boost 'Brand India': Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said the commencement of Maruti Suzuki India's export of its sports utility vehicle Fronx to Japan has further strengthened the 'Brand India' image on the global stage. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port, the country's largest carmaker said in a statement. Fronx will be the first SUV from the Maruti Suzuki stable to be launched in Japan, it added. The company rolls out the model exclusively from its Gujarat plant. "Samay badal raha hai (time is changing). A truly proud moment as a consignment of over 1,600 Made In India SUVs from @Maruti_Corp is exported for the first time to Japan," Goyal said on the social media platform X (formerly twitter). He said that the Modi government has implemented several policies to boost domestic Indian manufacturing over the last decade. "With an emphasis on producing world-class quality products locally, it has helped 'Brand India' become a

Maruti Suzuki commences export of Made in India SUV Fronx to Japan

Maruti Suzuki India on Tuesday said it has commenced export of its sports utility vehicle Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port, the country's largest carmaker said in a statement. Fronx will be the first SUV from Maruti Suzuki stable to be launched in Japan, it added. The company rolls out the model exclusively from its Gujarat plant. Fronx is the second model from Maruti Suzuki to be exported to Japan, after Baleno in 2016. Suzuki Motor Corporation, which owns around 58 per cent stake in Maruti Suzuki, plans to introduce Fronx in the Japanese market later this year. "Japan is one of the most quality-conscious and advanced automobile markets in the world. Our export to Japan is a testament to Maruti Suzuki's capability to manufacture world-class vehicles that exemplify cutting-edge technology, exceptional performance, internationally recognised safety, and quality standards," Maruti Suzuki India MD & CEO Hisashi .

Festivals hold promise but passenger vehicle sales may stay flat in FY25

While OEMs are upbeat on the upcoming festive season sales, analysts peg the overall growth in PV sales for FY25 to be flat at 0.8 percent or so

Maruti Suzuki sees 48% profit surge, unveils plans for 6 EVs by 2031

The automaker's earnings soared to Rs 3,759.7 crore, up from Rs 2,542.9 crore in the April-June quarter of the previous year. That surpassed Bloomberg's consensus forecast of Rs 3,272 crore

Maruti Suzuki Q1 results: PAT up 47% to Rs 3,650 cr on high demand of SUVs

The share of SUV sales in Maruti's overall sales grew to 31 per cent from 25 per cent a year ago, making it the company's second-biggest segment after compact cars

Maruti Suzuki Q1 Preview: Profit may jump up to 37% YoY, revenue around 9%

Maruti Suzuki Q1 2024 results: Investors will eye margin trajectory amid commodity pressures, elevated discounting.

Suzuki expects India's automobile market to grow fivefold by 2047

A total of 4.2 million passenger vehicles were sold in India in the fiscal year ended in March, according to the Society of Indian Automobile Manufacturers