Maruti Suzuki EV

TMS Ep357: Maruti Suzuki EV, bank workweek, Adani stocks, lab-grown meat

What made Maruti Suzuki join the EV party? Is it time for banks to have a five-day workweek? Will Adani Group stocks see more sell-off? What is lab-grown meat? All answers here

Analysts at Nomura expect the Tiago EV to sell 3,000 - 5,000 units per month, and its overall EV sales to touch 60,000/ 96,000 in FY23/24

Maruti Suzuki is creating infrastructure in India to assist its EV manufacturing

After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.

Maruti Suzuki India will increase its production and aims to produce 20 lakh units in the ongoing fiscal with improving availability of semiconductors, according to company Chairman RC Bhargava. In his address to shareholders in the company's annual report for 2021-22, he said the upcoming mid-sized SUV Grand Vitara will play a key role in the challenge to touch 20 lakh units. In 2021-22, total sales of Maruti Suzuki India Ltd (MSIL) increased by 13.4 per cent to 16.52 lakh units. It had lost out on sales in the first quarter of the fiscal due to the pandemic and production being affected by the shortage of semiconductors, mainly for domestic models, Bhargava wrote. "The number of unmet bookings with the company at the end of the year rose to about 2.7 lakhs," he said, adding MSIL's market share declined to 43.4 per cent from nearly 50 per cent as it lost some opportunity in the domestic market. As per Society of Indian Automobile Manufacturers (SIAM) data, domestic passenger vehic

Grand Vitara will go on sale in September with prices expected to start at Rs 9.5 lakh

Maruti Suzuki is also focusing on growing its sport utility vehicle portfolio and the market share in that segment

Battery electric vehicles, CNG cars and greater focus on ethanol and bio-CNG compliant engines would also be prioritised going ahead

However, if sales of Baleno and Brezza models to Toyota Kirloskar and of LCV Super Carry are included, the dispatches were up from 130,348 units a year ago to 132,024 units last month

IiAS has raised serious questions regarding the decision of the Suzuki Motor Corporation (SMC) to invest directly in the EV project instead of MSI doing it

The tax authorities may tell banks crypto exchanges to report on virtual digital assets' transactions as India is starting is to tax gains from crypto

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

Maruti Suzuki India is currently testing a fleet of 50 prototype EVs based on WagonR model platform developed by Suzuki Motor Corporation in Japan

Suzuki Motor is also in the process of setting up a lithium-ion battery manufacturing plant in Gujarat's Halsalpur