The new Celerio is the company's seventh model to meet new car safety norms
S-Cross would feature 1.3-litre diesel engine with smart hybrid technology
Working with govt in thinking of policies that can make our cars safer, cleaner & beneficial: Maruti
The stock hit new high of Rs 7,920, up 3% on BSE in intra-day trade
Plush workshops with premium lounges & digital technology to enhance customer service & transparency
Alto retained the top position in May with 23,618 units, as against 19,874 units in May last year
Maruti Suzuki with Rs 2.23 lakh crore market-cap is currently stands ahead of ONGC and Infosys
Auto major claims to have cut CO2 emission by nearly 19% over a decade since 2007-08
The country's largest carmaker Maruti Suzuki India (MSI) has earmarked Rs 4,500 crore capex for the current financial year. "Capex for this year (2017-18) is Rs 4,500 crore," MSI Chairman RC Bhargava told reporters here. The amount would be spent on various activities including replacement of machinery, R&D and marketing initiatives, he added. On R&D alone, the company plans to invest in the range of Rs 700-1,000 crore, Bhargava said. Some portion of the capital expenditure or capex could also go towards acquisition of land for expansion of sales and service network, he added. "This (capex) includes a certain provision for land but this can change depending on the progress made. There will be no monetary restrictions on implementing the programme for building the sales and service network," Bhargava said. MSI had earmarked Rs 3,500 crore capex for last fiscal ended March 31.
According to data released by SIAM, Maruti Suzuki India had only 6 models in top 10 list in 2015-16
Maruti Suzuki, the country's biggest car maker (47 per cent market share), had its best performance in FY17. It is geared for another year of strong performance, as demand remains strong for many models, KENICHI AYUKAWA, managing director and chief executive officer, tells Ajay Modi. Edited excerpts of a talk on plans and focus: FY17 was the best year for you in sales and profit. What factors helped?Yes, a record high. We launched products in the past couple of years that have been well accepted. Fortunately, production is operating at 100 per cent (of capacity). The performance came in spite of the difficulties and challenges we saw in the form of disruption of component supplies and demonetisation. We made efforts to overcome these. Our business partners -- suppliers and dealers -- made a lot of efforts. The collaboration delivered.What is helping profitability to grow consistently?Through the Nexa (its premium dealership chain) network, we succeeded in providing higher priced ...
The stock hit a new high of Rs 6,355, up 5% on the BSE in intra-day trade.
Its domestic sales increased 7.7% during to 127,999 units as against 118,895 units in March 2016
The trial lasted four years
MSI's premium hatchback Swift came in at fourth position with 14,545 units in January.
The country's largest carmaker Maruti Suzuki India (MSI) is investing another Rs 1,900 crore till March 2019 on enhancing the R&D centre here for cutting time of new product development and to expand infrastructure for evaluating vehicles' safety. The company has already invested around Rs 1,900 crore on the first phase of development at the R&D centre that houses various facilities, including vehicle testing and evaluation labs. "In the second phase we will have facilities dedicated for transmissions, engines, emissions controls among others. These will come up at the centre over the next few years," MSI Executive Director R&D, C V Raman told reporters here. The company had completed the first phase of development at Rohtak centre in November 2015. The centre, which is spread over 600 acres, is already playing a significant role in Maruti's endeavour to be compliant with new safety regulations that will come in by October this year. The company's .
The company offers smart hybrid options for Ciaz and Ertiga
Domestic sales stood at 1,33,934 units, up 25.9 per cent from 1,06,383 in January last year
Unit volume sales during the period stood at 3,87,251 units, up 3.5%, over same period a year ago
The Hansalpur-based facility in Gujarat is the Suzuki Motor Corp's first wholly-owned unit in India