Suzuki Motors

India has the potential to become the number one automotive market in the world and small cars have an important role to play in it, Suzuki Motor Corporation Representative Director and President Toshihiro Suzuki said on Wednesday. In an interaction with reporters on the sidelines of Auto Expo 2023 here, he also said electric vehicles alone will not be the solution to India's quest for carbon neutrality and the company will explore other technologies such as flex fuels, hybrids and CNG. Besides, Suzuki said while safety issues have become important for automobiles, there is a need to strictly follow the basic traffic rules and also developing adequate infrastructure to ensure road safety. "I can see that there can be a time when India would be positioned as number one market (of automobiles) in the world. Maruti Suzuki and Suzuki as a group, we would like to capture this opportunity. We would like to develop technology for providing the right mobility solutions to this market," he .

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

Japanese auto major Suzuki Motor Corporation on Tuesday reported a two-fold year-on-year increase in operating profit at 89.8 billion yen (around Rs 5,000 crore) in the second quarter ended September 30, 2022. Net sales in the period under review stood at 1,154.1 billion yen (around Rs 64,000 crore), an increase of 39.3 per cent over 828.2 billion yen in the same period last year. The company attributed the rise in operating profit to sales volume growth across markets, including India, which offset the impact of higher raw material prices. Suzuki said its automobile sales across markets for the April-September period stood at 14.63 lakh units as compared to 12.55 lakh units in the same period last year. On the business outlook for the rest of the year, the automaker noted: "While there is no change in our perception that the risk of global recession is increasing, we have revised the forecast upward to reflect the progress of the first half of the fiscal year and the review of uni

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With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter

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In March this year, Suzuki Motor Corporation announced that it would invest around 150 billion yen (about Rs 10,445 crore) by 2026, for local manufacturing of Battery Electric Vehicles

In a Q&A, Hisahi Takeuchi also explains why the company won't be able to launch its first EV in the affordable segment

Suzuki has decided to build a new electric vehicle production line in India with the aim of starting operations as early as 2025, Nikkei said, without identifying the source of its report

The scramble for the humble product highlights rising economic risks for the South Asian country as imports slump, foreign exchange reserves plummet and a potential sovereign default looms

Declining trend in royalty payment unlikely to cushion the fall

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Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz

Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia

The firm's chairman, Osamu Suzuki, is retiring, the Nikkei newspaper reported on Wednesday

Suzuki Motor Corp forecast operating profit to fall by a quarter to 160 billion yen ($1.53 billion) in the year to March as sales, including in its key Indian market, shrank amid coronavirus pandemic

Suzuki declined to offer forecasts for full-year profit and dividends, citing ongoing uncertainties

Sales in India, where MSI has nearly 50 per cent market share, were down 26.5 per cent at 6.75 lakh units

The retreat from China after a quarter of a century follows an exit from the US car market in 2012 after three decades there

Royalty, too, is down as a share of revenue and will continue to see a gradual fall in the near future