Analysts would look out for guidance on industry demand outlook, both rural and urban, and if there is any visible impact of the current inflationary pressure
Grand Vitara will go on sale in September with prices expected to start at Rs 9.5 lakh
Maruti Suzuki India is eyeing a leadership position in the SUV segment as it continues to add new products across various sub segments, a top company official said on Wednesday. The country's largest carmaker has bolstered its presence in the high volume entry and mid level SUV segments with new Brezza and all new model -- Grand Vitara. "In every segment except SUV, we are the market leader by a distance. It is only in the SUV that we are behind, so we need to catch up. Clearly, we have to become number one in the SUV space also," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an interaction on the sidelines of the global unveiling of Grand Vitara. He was replying to a query whether the auto major, which has leadership position in the hatchbacks, sedans and MPVs, also eyes pole position in the robustly growing SUV segment. Takeuchi noted that the SUV market is tough as there were already 56 products competing with each other. "It (segment) is getting bigger and bigger and
Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.
The manual variants of the model are priced between Rs 4.25 lakh and Rs 5.49 lakh while the trims with Automatic Gear Shift (AGS) are tagged at Rs 5.65 lakh and Rs 5.99 lakh.
Year-on-year dispatches to dealers (counted as sales) declined during most of FY22
CLOSING BELL: The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent
Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock
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
Stocks to watch today: Maruti Suzuki launched refurbished version of popular compact SUV - Brezza; Future Enterprises defaulted on payment of interest of Rs 6.1 crore for NCDs.
Cars will be across all price segments in a market where company's rivals have lead
The second-generation Maruti Suzuki Brezza 2022 will be available in manual and automatic transmission options, priced between Rs 7.99 lakh and Rs 13.96 lakh
None of V Krishnamurthy's assignments were easy ones. He had to battle scepticism as well
Hero MotoCorp, Maruti Suzuki, M&M, Bosch and TVS Motor gain up to 13% in a week
The gains are on hopes of margin improvement due to stable commodities prices
Typically, the value of imports, which are in yen, is 7-8 per cent of the company's annual revenue
CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
The country's largest carmaker Maruti Suzuki India (MSI) said its total wholesales in May stood at 1,61,413 units
The auto major noted that the regulation would largely impact the cost-sensitive entry-level car segment -- which has been facing headwinds and witnessing dwindling sales over the last three years
Maruti Suzuki India (MSI) on Monday said it will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. "The investment would help MSI strengthen its offering to customers by creating a customised sales experiences on the web, virtual reality and augmented reality," the auto major said in a regulatory filing.