Suzuki Motor Corporation

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

Suzuki ties up with NDDB, Banas Dairy to set up biogas production plants

Suzuki has said earlier that they have plans to develop CNG automotive solutions around biogas in India, and also export to other farming regions like Africa, Asean, Japan in the future

Maruti to issue preferential equity shares to Suzuki to buy Gujarat plant

MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal

Maruti okays share issuance on preferential basis to SMC for stake in SMG

Maruti Suzuki India on Tuesday said its board has approved issue of shares on preferential basis to Suzuki Motor Corporation (SMC) as consideration for the acquisition of 100 per cent stake in Suzuki Motor Gujarat. Post such acquisition, Suzuki Motor Gujarat (SMG) will become a wholly-owned subsidiary of the company, Maruti Suzuki India (MSI) said in a regulatory filing. "The Board approved the issue of MSI equity shares to SMC to pay for the SMG shares," it added. The total number of securities proposed to be issued to SMC as consideration for the acquisition of its 100 per cent stake in SMG, shall be decided in a subsequent board meeting, basis relevant valuation reports subject to and in compliance with the applicable regulatory and statutory framework, the auto major stated. MSI board, in its meeting held on July 31, 2023 had approved termination of the contract manufacturing agreement with SMG and acquiring its shares SMC at a price to be determined in accordance with all ...

T-Hub, Suzuki Motor pact to help Indian start-ups access Japan's ecosystem

T-Hub, an innovation hub and ecosystem enabler on Monday announced its partnership with Suzuki Motor Corporation (SMC), a leading corporation in the automobile sector to accelerate the growth of the Indian start-up ecosystem. A press release from T-Hub said with the collaborative partnership, both the firms aim to provide mentoring and support Indian entrepreneurs to access Japan's ecosystem. Suzuki Innovation Center (SIC), which is an open innovation platform, will provide growth opportunities to T-Hub incubated start-ups. In addition, SIC provides an open platform for new connections and innovation between India and Japan among academia, industries, and start-ups. Mahankali Srinivas Rao, CEO of T-Hub, said, "Through our partnership with Suzuki Motor Corporation, we are aiming to address broad challenges on and beyond mobility, in India and Japan, on top of the synergistic combination of technology and design. The partnership will empower T-Hub entrepreneurs to scale globally ...

Suzuki Motor sees Indian PV market at 7-8 mn by 2030, Maruti aims 50% share

Pre-Covid it had predicted that the market would reach 10 million

Maruti's share in Suzuki's sales revenue jumps to a 7-year high

Suzuki holds a 56.37 per cent stake in Maruti Suzuki

Suzuki Motor Corp's India arms gear up for long electrified journey

TDSG's facility - the first in the country to make batteries with cell-level localisation - has an aggressive export target for the next three years

Suzuki Motor to invest Rs 18K cr for setting up EV battery unit, car plant

During an event at Mahatma Mandir in Gandhinagar on Sunday, Modi laid foundation stones for the EV battery unit at Hansalpur and Maruti Suzuki's upcoming manufacturing plant in Kharkhoda, Haryana

Maruti to invest Rs 11,000 cr to set up largest facility at 800-acre site

New plant, with capacity to make 1 million cars in a year, to come up in Haryana

Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat

Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen by 2026, for local manufacturing of Battery Electric Vehicles and BEV batteries in Gujarat

Suzuki Chairman Osamu Suzuki to retire, assume role of senior advisor

SMC also said its board has proposed the appointment of Toshihiro Suzuki -- current director and President, and son of Osamu Suzuki -- as the Chairman of the Board of Directors

SMC president tells auto component suppliers to localise aggressively, step up R&D

The advice comes amid the Centre's clarion call to manufacturers across sectors to cut imports and become self-reliant

Suzuki Q3 profit falls to lowest in 3 years, hit by slowing India demand

Japan's fourth-largest automaker posted an operating profit of 51.8 billion yen

Suzuki Motor Corp lowers FY20 estimates citing auto slowdown in India

The company said it expects net sales during the current fiscal to come down to 3,500,000 million yen

Suzuki pegs profit growth at 1.7% on uncertain Indian mkt, sales tax hike

The company forecast its profit for the fiscal year April 2019-March 2020 to be at 330 billion yen, while pegging net sales at 3,900 billion yen.

Suzuki breaks Japan's record, touches 20 mn milestones in India in 34 years

The company had crossed the first 1 million units milestone in March 1994 and went on to reach 10 million units in March 2011

Suzuki using Maruti's muscle to grow its two-wheeler business in India

Most of the engines used by Suzuki's two-wheelers in India are manufactured by Maruti at its Manesar plant

Suzuki to pump in fresh investment of Rs 3,800 cr in Gujarat

Suzuki along with Toshiba, Denso will also invest around Rs 1,150 crore for a new unit to produce lithium ion batteries

Powered by India, Swift races past 50 lakh sales mark globally

Suzuki Motor Corporation sold 54% of the 50 lakh units in India, 17% in Europe, 10% in Japan and 19% in other parts of the globe