Suzuki Motor

Suzuki Motor unveils battery EV model e-Vitara; to start production in 2025

The e-Vitara is based on the concept model 'Evx,' which was showcased at the Auto Expo in India in January 2023. It represents Suzuki's first global strategic BEV model

Suzuki Motor unveils Rs 340 crore fund to support social impact startups

Japanese automobile firm Suzuki Motor on Thursday launched its first investment fund in India--Next Bharat Ventures--a Rs 340 crore fund dedicated to fostering impact entrepreneurs who create value in Tier-II and below geographies. This Suzuki initiative aims to support social impact startups in the domains of agriculture, financial inclusion, rural supply chains, and rural mobility, through a residency programme. "Next Bharat will invest in growth-stage impact firms and early-stage impact entrepreneurs through its flagship residency programme. In order to improve synergy among our early-stage portfolio, We do Fund of Fund operations, investing in Indian Early Stage Venture Capital firms, this investment will also help in establishing strong strategic synergies for the Next Bharat Impact Fund," Next Bharat CEO and MD Vipul Nath Jindal told PTI. During the 4-month hybrid residency programme, selected impact entrepreneurs will receive extensive mentorship, access to resources, and ...

India becomes Suzuki's 2nd market to cross 30 mn cumulative production mark

India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company's subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the end of March 2024, Suzuki Motor Corporation said in a statement. "India becomes the second country after Japan in which Suzuki has reached this milestone, and the fastest country to reach 30 million units in just 40 years and 4 months since starting production in December 1983, breaking the record of 55 years and 2 months in Japan," it said. Suzuki's automobile production in India started with its first model, the Maruti 800 by the then Maruti Udyog Ltd, a joint venture between the company and the Government of India. Currently, Maruti Suzuki India Ltd (MSIL) has manufacturing facilities at Gurugram, Manesar (in Haryana) and Hansalpur

Maruti gets shareholders' approval to fully acquire Suzuki Motor Gujarat

Maruti Suzuki India on Saturday said its shareholders have approved the proposal to issue shares on a preferential basis to Suzuki Motor Corporation (SMC) as consideration for a related party transaction for the acquisition of 100 per cent stake in Suzuki Motor Gujarat. The company had sought approval from its shareholders through a postal ballot on two special resolutions for the purpose of fully acquiring Suzuki Motor Gujarat (SMG) last month. Resolutions as set out in the postal ballot pertaining to approval of related party transaction, and create, offer, issue and allot equity shares on a preferential basis for consideration other than cash have been approved by the members of the company with requisite majority, Maruti Suzuki India said in a regulatory filing. The first special resolution of related party transaction was approved with 98.21 per cent in favour and 1.79 per cent against. The second special resolution to create, offer, and allot equity shares on a preferential .

Suzuki eyes exporting India-made EVs to Japan as early as 2025: Report

The production line would also make gasoline-powered cars and would reach an expected capacity of 250,000 units a year, the newspaper added

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

Unable to import parts, Suzuki shuts two-wheeler, car plants in Pakistan

State Bank of Pakistan has imposed several rules regarding import of parts as well as auto loans within the country, slowing down auto financing

Expect sales to be higher than industry growth this fiscal: Suzuki Motor

Suzuki Motor Corporation on Monday said it expects its automobile sales in India to be higher than the 5-7 per cent annual growth projected for the domestic market this fiscal. The Japanese automaker, which has a 56.4 per cent stake in the country's leading carmaker Maruti Suzuki India, on Monday reported a consolidated 30.1 per cent year-on-year increase in net sales at 4,641.6 billion yen for FY 2022 (April 2022- March 2023). In a statement, Suzuki stated that it aims to recover its market share in India by introducing sports utility vehicles. It also noted that the automaker will focus on multiple technological pathways like CNG and hybrid cars and not solely depend on battery electric cars to contribute to carbon neutrality in the Indian market. "We want to contribute to carbon neutrality through a 'multi-path' that includes CNG vehicles, HEVs, etc., rather than focusing solely on BEVs," Suzuki Motor Corp said in a statement referring to the Indian market. The Japanese automak

Suzuki Motor turns to Toyota for lessons on small EVs, other technologies

Japan's Suzuki Motor Corp plans to learn from partner Toyota Motor Corp how to use EV technology to build small electric cars, its president Toshihiro Suzuki told reporters

Toyota and Suzuki take hybrid route to co-develop a mid-sized SUV

Toyota to name it Urban Cruiser Hyryder; Suzuki's version is expected in August

EV car makers rev up for 2025; slew of new models expected to hit the road

Korean carmaker Hyundai that sells the Kona electric sedan, too, is looking to ride the EV wave

Suzuki Motor powers EV rush in India with Rs 10,440-crore investment

Maruti's rivals, such as Hyundai and Tata Motors, have announced elaborate plans for electrification of their products

Auto PLI will foster Rs 2.3-trn additional investment over 5 yrs: Arun Goel

In a Q&A, Heavy Industries Secretary breaks down the nitty-gritty of the selection process

Suzuki Motor expects automobile sales in India to decline 6%

Japan's Suzuki Motor Corporation on Thursday said it expects its automobile sales in India to decline 6 per cent year-on-year and has cut its overall global sales forecast for the ongoing fiscal

Suzuki Motor Gujarat to scale down production in Aug due to chip shortage

SMG, which supplies cars exclusively to MSI, has also decided to scale down production to single shift at some manufacturing lines in the plant.

Suzuki Motor to promote hybrids, EVs; strengthen SUV segment in India

The firm will promote penetration of hybrids and introduce electric vehicles while strengthening the SUV segment and push for CNG cars in India

Suzuki Motor chairman Osamu Suzuki to retire, become senior adviser

The corporate management direction toward 2030 and 2050 was defined. Therefore, with the expiration of the current term of office, Suzuki will retire, says the automaker

Suzuki Motor beats estimate with $2-billion profit, steps up dividend

Suzuki, the country's No. 4 automaker, declined to give an earnings forecast for the current business year, citing uncertainties about the longer term impact of the coronavirus on its operations.

Suzuki Motor resumes production at Gujarat plant after two months

SMG had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of coronavirus