Maruti Suzuki India

Maruti Suzuki Fronx is expected to sell for Rs 8 lakh and to around Rs 14 lakh (ex-showroom)

The country's largest car maker Maruti Suzuki India aims to more than double its SUV sales this year and take the leadership position in the fast-growing segment with a market share of over 25 per cent, according to a senior company official. The auto major sold 2.02 lakh sports utility vehicles (SUVs) last financial year with a market share of around 13 per cent. In the current fiscal year, the company aims to sell around 5 lakh units. The SUV segment is currently the fastest-growing vertical in the domestic passenger vehicle industry. The SUV contribution to the overall passenger vehicle market has grown from 24 per cent in 2018 to 43 per cent in 2022. In an interaction with PTI, Maruti Suzuki India Senior Executive Officer (Sales & Marketing) Shashank Srivastava said the doubling of the market share in the SUV segment would also help the company in its bid to again surpass the 50 per cent market share mark in the domestic passenger vehicle industry. "This fiscal year we expect

Vehicle safety group Global NCAP on Tuesday said it has given one- and two-star safety ratings for adult occupant protection to Maruti Suzuki India's popular models WagonR and AltoK 10, respectively after conducting crash tests. Both the models scored zero stars for child occupant protection as per the Global NCAP's latest round of crash tests. The company, however, said its vehicles meet India's crash safety regulations which are almost similar to the standards in Europe. Global NCAP rates vehicles from zero to five based on their safety features and automobiles with a higher rating are considered safer for occupants. According to its latest test, Global NCAP stated that the Alto K10 showed a stable structure and marginal to good protection for adult chest to head in the frontal impact but showed weak protection to the chest in the side impact. The WagonR also offered weak chest protection for the driver despite the improvements in the restraint systems by Maruti Suzuki since the

Automaker Maruti Suzuki India Ltd on Wednesday said it has crossed the 25 lakh units milestone of cumulative exports since starting overseas shipments in 1986-87. The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, Asia, and the Middle East. The 2.5 millionth landmark vehicle is a Maruti Suzuki Baleno, shipped from Gujarat's Mundra Port to Latin America, the company said in a statement. "The landmark export of 2.5 million vehicles stands as a testimony to India's manufacturing prowess. This feat demonstrates Maruti Suzuki's resolute commitment to the Government of India's flagship Make-in-India initiative, and furthering the government's efforts to enhance vehicle exports," Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi said. Maruti Suzuki's first big consignment of 500 cars was shipped to Hungary in September ...

This is Maruti's second price increase this year

Diesel engine vehicles have seen a steep hike in prices after the second phase of BS-VI norms was implemented by the government

ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure

In addition to volumes, margins, too, are expected to expand

Persistent chip and logistics woes frustrate delivery timelines. Open order books in Feb breach 700K; wait period for some models exceed a year

Maruti Suzuki India on Wednesday said it has partnered with SMAS Auto Leasing India Pvt Ltd to enhance its vehicles subscription programme. SMAS is the fifth partner to offer a range of the company's vehicles on white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, Maruti Suzuki India said in a statement. Maruti Suzuki Subscribe with SMAS is now available across cities, including Delhi, Gurugram, Noida, Mumbai, Pune, Bengaluru, Hyderabad and Chennai, it added. Maruti Suzuki India Senior Executive Officer, Marketing and Sales Shashank Srivastava said since its introduction two years ago, the Maruti Suzuki Subscribe programme has received good response, specially from "today's asset-light generation who prefer flexible buying decisions". "Through new partnerships and city expansions, we wish to expand our reach even more and serve our customers with more ease and convenience, he added. SMAS Auto Leasing Genera

Maruti Suzuki India continues to witness an impact on its production as semiconductor supplies still remain challenging and unpredictable, according to the company's CFO Ajay Seth. In order to deal with the situation, the auto major is now working on ways to maximise its output from available supply of electronic components. Although the supply situation improved in the third quarter ended December 31, 2022 as compared to the second quarter of this fiscal, the country's largest carmaker could not produce around 46,000 units in the October-December period owing to the semiconductor shortage. "Limited visibility of electronic components is a challenge in planning our production. Electronic component shortage is still limiting our production volumes," Seth said in an analyst call. The supply situation of electronic components continues to remain unpredictable, he added. "Our supply chain, engineering, production and sales teams are working towards maximising the production volume fro

Maruti Suzuki India's pending orders have jumped to around 4.05 lakh units this month as the inflow of bookings continues to be steady, while newly introduced SUVs Jimny and Fronx also added to the numbers, according to a senior company official. The bookings for Jimny have crossed 11,000 units, while that of Fronx is around 4,000 units. In the third quarter ended December 2022, the company's pending customer orders stood at about 3.63 lakh vehicles, out of which about 1.19 lakh orders were for newly launched models. "We are at around 4,05,000 bookings (at present), which are pending, and that means that we are seeing in the flow of bookings and of inquiries at a pretty good level," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava told PTI. Compared to January 2022, the inquiry is higher by 28 per cent and bookings by 16 per cent in the same month this year, he said. The increase in pending orders has also been accelerated by the company's two .

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

The company, which is majority owned by Japan's Suzuki Motor Corp, will report its results for the quarter ending Dec. 31 on Tuesday

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

Maruti Suzuki India aims to export the model to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward

Maruti Suzuki India on Friday said it has launched two CNG powertrain options of its mid-sized SUV Grand Vitara, priced at Rs 12.85 lakh and Rs 14.84 lakh (ex-showroom Delhi). The country's largest carmaker said the CNG trims come with a five-speed manual gearbox with a fuel efficiency of 26.6 km/kg. The 1.5 litre gasoline-powered variants of the car are priced from Rs 10.45 lakh to Rs 19.49 lakh. "The introduction of the S-CNG option further expands the appeal of the Grand Vitara. The Grand Vitara S-CNG will contribute to our aggressive plan to widen our green-powertrain offerings, expanding to 14 models," Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said in a statement. The Grand Vitara S-CNG can also be owned through Maruti Suzuki Subscribe at an all-inclusive monthly subscription fee starting from Rs 30,723, the company stated.

Clock 11% growth in the first 11 months of 2022

Maruti Suzuki India on Tuesday reported a 28 per cent rise in exports at 2,63,068 units in 2022, its highest ever overseas shipments. The company's previous highest exports was achieved in 2021 with 2,05,450 units. The highest exported models in 2022 were Dzire, Swift, S-Presso, Baleno and Brezza, the company said in a statement. "Crossing the 2 lakh milestone in exports for the second consecutive year signifies the trust, quality, reliability, performance, and affordability of our products," Maruti Suzuki India Ltd (MSIL) Managing Director & CEO Hisashi Takeuchi said. He further said, "this achievement further aligns with our strong commitment to the government of India's 'Make in India' initiative to manufacture products to delight global customers." The company said in 2022, it exported more than double the volume it exported in pre-COVID year 2019, which stood at 1,07,190 units. In 2020, its exports had declined to 85,208 units due to the pandemic and supply chain ...