Page 2 - Maruti Suzuki India

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Stocks to watch today: Maruti Suzuki India recorded a 16.5 per cent YoY decline in production volume for passenger vehicles in December 2022

Maruti Suzuki's production falls 18% to 124,722 units in December

Maruti Suzuki India's production in December 2022 was lower by 17.96 per cent at 1,24,722 units, according to a regulatory filing by the company. The company had a total production of 1,52,029 units in the same month a year ago. Production in mini cars and compact segment, comprising models such as Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift and WagonR, was lower at 83,753 units last month as compared to 1,06,090 units in December 2021. Production of utility vehicles, including Brezza, Ertiga, Jimny, S-Cross and XL6, was also lower at 27,303 units as compared to 31,794 units in the year-ago month, the filing added. Light commercial vehicle Super Carry's production stood at 587 units as against 3,262 units in December 2021. In an interaction on Sunday, Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank Srivastava had said the company wanted to keep its stock at a very low level starting January. "We had to control the production because we wanted to

Maruti Suzuki seeks correct accounting of GHG emission benefits of ethanol

Car market leader Maruti Suzuki India (MSI) on Monday sought correct accounting of greenhouse gas emission benefits of ethanol blended fuel under the Corporate Average Fuel Economy (CAFE) norms. The second phase of CAFE norms came into effect from April this year. The regulation first came into force in India from April 1, 2017. It is aimed at lowering fuel consumption of vehicles by reducing their CO2 emissions, mandating the average corporate CO2 emission to be less than 130 gm/km by 2022, applicable to all petrol, diesel, LPG and CNG fuelled vehicles. Under CAFE II regulations, the average corporate CO2 emission must be less than 113 gm/km. The corporate average in CAFE refers to the sales-volume weighted average for every automobile manufacturer. To promote ethanol and flex-fuel, SIAM has made some specific policy enablers requests to the road transport and highways ministry, Maruti Suzuki India MD and CEO Hisashi Takeuchi said at a SIAM event here. "One of our key requests is

Chip shortage to cause bigger hit to Dec production: Maruti Suzuki India

Maruti Suzuki India Ltd, the country's top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months

Maruti Suzuki plans price hike in Jan due to inflation-led cost pressure

Maruti Suzuki said the price hike would vary across models

Auto shares trade weak post November sales; Eicher, M&M down up to 3%

M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.

Maruti Suzuki India records 14% increase in Nov sales at 159,044 units

The country's largest carmaker Maruti Suzuki India on Thursday reported 14 per cent increase in total wholesales at 1,59,044 units in November. The company had dispatched 1,39,184 units to dealers in November 2021, MSI said in a statement. Last month, the company's domestic sales rose 18 per cent to 1,39,306 units as against 1,17,791 units in November 2021, it added. Sales of mini cars, comprising Alto and S-Presso, increased to 18,251 units as compared with 17,473 in the same month last year. Similarly, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, rose to 72,844 units as against 57,019 cars in November 2021. Sales of mid-sized sedan Ciaz increased to 1,554 units as compared with 1,089 units in November last year. Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, rose to 32,563 units as compared with 24,574 vehicles in the year-ago month, MSI said. Exports declined to 19,738 units as against 21,393 units in the

Maruti Suzuki expects to end current fiscal with 3,700 sales outlets

Maruti Suzuki India expects its sales network to touch the 3,700-mark by the end of this fiscal amid a push to ramp up production capacity at its Manesar-based plant by 1 lakh units to cater to enhanced demand, according to a senior company official. The country's largest carmaker on Friday crossed the 3,500 car sales outlets mark, more than doubling it from 1,300 dealerships a decade ago. The auto major inaugurated its 3,500th outlet, a Nexa sales unit, in Hyderabad on Friday. Maruti Suzuki India currently has presence in around 2,250 cities and towns in India. The company added 237 sales outlets in 2021-22 and further 170 outlets between April-October this fiscal year. "We are likely to touch the 3,700 outlets mark by March-end," Maruti Suzuki India (MSI) Senior Executive Officer, Marketing & Sales, Shashank Srivastava told PTI when asked about the company's network expansion plans. The company's push to enhance sales infrastructure across the country reflects the expected ...

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

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

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Maruti production cost has remained constant for years: R C Bhargava

Bhargava says that each year the company, based on workers' suggestions, has saved around Rs 300 crore in costs

Maruti Suzuki India crosses 25 million cumulative production milestone

Maruti Suzuki India (MSI) on Wednesday said it has crossed 2.5 crore cumulative production mark. MSI started production in December 1983 and crossed the 10-lakh production mark in March 1994. It crossed 1- crore mark in March 2011 and 2-crore milestone in July 2018. Its first production facility came up in Gurugram, Haryana. The company now has two manufacturing plants in Gurugram and Manesar in Haryana, with an installed production capacity of 15 lakh units per annum. The company sells 16 passenger vehicles in the domestic market and also exports to around 100 countries. "2022 marks 40 years of Suzuki's partnership with the people of India. Crossing 25 million cumulative production milestone this year is a testimony of Suzuki's continued commitment and partnership with the people of India," MSI Managing Director and CEO Hisashi Takeuchi said in a statement. Going forward, the automaker will continue to introduce new products in the market, he added. "Anticipating growing deman

Maruti Suzuki's total sales rise 21% to 167,520 units in October

Automaker Maruti Suzuki India Ltd (MSIL) on Tuesday reported a 21 per cent increase in total sales at 1,67,520 units in October. The company had sold a total of 1,38,335 units in the same month last year, it said in a statement. Total domestic passenger vehicle sales were at 1,47,072 units in October as compared to 1,17,013 units in the year-ago month, registering a growth of 26 per cent. Sales of mini segment cars, comprising Alto and S-Presso, grew to 24,936 units as against 21,831 units in October 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose to 73,685 units last month as compared to 48,690 units in the year-ago month. According to the statement, utility vehicles consisting of Brezza, Ertiga, S-Cross and XL6 clocked sales of 30,971 units last month as compared to 27,081 units in the same period a year ago. Last month, sales of Eeco were at 8,861 units as against 10,320 units in October 2021 while that of light commercial .

Maruti Suzuki India to recall 9,925 units of Wagon R, Celerio, Ignis

Maurti Suzuki said parts for replacement are being arranged and authorised workshops shall be contacting the customers for attending their vehicles.

Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23

The stock of automobiles major traded close to its record high level of Rs 10,000, which it had touched on December 20, 2017

Huge business potential in India, says Maruti Suzuki MD Hisashi Takeuchi

'We are celebrating 70 years of our cooperation. We have a long history of progression between the two countries'

Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks

Revenue and net profit both were ahead of consensus estimates

Maruti Suzuki Q2 profit up 4x to Rs 2,062 cr; logs record quarterly sales

Sales in the domestic market stood at 454,200 units, while exports were at 63,195 units.

Stocks to watch: Maruti, SpiceJet, SBI Card, Indus Towers, Tata Chemicals

Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23