Page 5 - Maruti Suzuki India

Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO. In a regulatory filing, the auto major said 99.89 per cent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO. Similarly, 93.10 per cent of votes polled favoured the appointment of Kenichi Ayukawa as a whole-time Director designated as Executive Vice Chairman till September 30, 2022. The company's board in its meeting held on March 24 this year had appointed Takeuchi as the MD and CEO with effect from April 1, 2022, consequent to the completion of the term of Kenichi Ayukawa on March 31, 2022. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. With vast experience in the international operations at SMC as well as in overseas markets, he had been on the Board of Maruti Suzuki since July 2019, as Joint Managing Director (Commercial) since April 2021.

Maruti Suzuki Driving Schools aim to train around 2.5 mn people by 2025

The country's largest carmaker, Maruti Suzuki India Ltd on Wednesday said the number of its professional driving training schools have reached the 500 milestone across the country and aims to train around 25 lakh people by 2025. The Maruti Suzuki Driving Schools (MSDS), launched in 2005, now has presence across 242 cities with 500 state-of-the-art driving training schools and imparted driving training to more than 17 lakh customers, the company said in a statement. "The MSDS network has around 1,500 certified and qualified expert trainers, who have been imparting safe driving training. By 2025, we aim to expand the Maruti Suzuki Driving School network and train over 2.5 million people on quality driving skills." said Maruti Suzuki India Ltd (MSIL), Senior Executive Director (Marketing & Sales) Shashank Srivastava. The MSDS were launched with the core objective of imparting safe driving training and road behaviour among customers to make Indian roads safer, he said, adding, "Over ..

Maruti Suzuki April sales slip 6% to 150,661 units; exports climb 7%

The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 6 per cent decline in total wholesales to 1,50,661 units in April.

Maruti Suzuki consolidated Q4 net up 58% to Rs 1,839 cr despite sales dip

Consolidated total revenue from operations up 11.29% at Rs 26,749.20 crore; Board declares final dividend of Rs 60 a share

Maruti Q4 preview: Experts eye 35-40% YoY rise in PAT despite chip shortage

Analysts anticipate revenue growth of 10-11 per cent YoY driven by price hikes taken over the last few quarters, including two rounds of price hikes taken this year to offset input cost rise.

Maruti Suzuki India launches new XL6 priced at Rs 11.29 lakh onwards

The new XL6 is powered by a 1.5-litre petrol engine with a peak power of 75.8 kW. It is available in manual and automatic transmission options, priced between Rs 11.29 lakh and Rs 14.55 lakh

Maruti Suzuki hikes vehicle prices by up to 1.9% amid rising input costs

The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range, between 0.9 per cent to 1.9 per cent, with immediate effect. The company, which currently sells a range of vehicles from Alto to S-Cross, said it has taken the decision to hike prices due to an increase in input costs. The weighted average price rise, with effect from April 18, in ex-showroom prices (New Delhi) across models is 1.3 per cent, it added. MSI has already hiked vehicle prices by around 8.8 per cent from January 2021 to March 2022, owing to constant increase in input costs. Over the past year, the cost of the company's vehicles continues to be adversely impacted due to increase in various input costs, the auto major had stated in regulatory filing earlier this month. With prices of various essential commodities like steel, copper, aluminium and precious metals going up, automakers have been hiking prices on a regular basis to offset the impact. Las

Two people die in fire at Maruti Suzuki's Rohtak R&D centre

Maruti Suzuki India (MSI) on Monday said two people working with a contract firm died in a fire incident at its research & development centre at Rohtak in Haryana. There was a fire incident on Monday afternoon in the company's Rohtak R&D centre in one of the buildings where a new lab expansion was being carried out by a third party project company, the country's largest carmaker said in a regulatory filing. The fire was brought under control and the root cause is being examined along with the investigating authorities, it added. "Unfortunately, two people working with a contract firm of the project company succumbed to the fire," the carmaker said. The company deeply mourns this loss of life and stands with the families of the deceased in this moment of grief, it added. There have been no other injuries, the auto major stated. This incident does not affect the production or operations of the company, MSI noted.

Maruti Suzuki to hike vehicle prices this month amid rise in input costs

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range

Maruti Suzuki names Hisashi Takeuchi as new Managing Director and CEO

Takeuchi joined Suzuki Motor Corporation (SMC) in 1986

Maruti Suzuki gets global recognition for its annual report

The Maruti Suzuki Annual Integrated Report achieved 100 per cent in six out of eight parameters

Robust SUV line-up necessary to maintain dominance in PV segment: Maruti

MSI Senior Executive Director (Marketing and Sales) Shashank Srivastava said if the company needs to attain its overall objectives in the market, it has to do well in the SUV segment

Top headlines: Ayci declines AI CEO role; Indian student dies in Ukraine

Business Standard brings you the top headlines on Tuesday

Maruti Suzuki: Genuine accessories available online in over 100 cities

The company said users can search accessories based on the vehicle model, variant and product category

Ford, Suzuki to get incentives under India's $3.5 billion clean fuel scheme

The scheme is also part of Prime Minister Narendra Modi's government plan to cut the fuel import bill and bring down pollution by encouraging local production of clean vehicles

Maruti Suzuki opens bookings for its hatchback Baleno; know details here

Customers can book the new Baleno with a payment of Rs 11,000

Maruti Suzuki surges 11% in 2 days post Q3 results; hits fresh 52-week high

Ebitda margins, which improved 250 bps QoQ at 6.7 per cent in Q3, was the real positive surprise with savings realised under all costs line items, analysts said

Brokerages upgrade estimates on Maruti on new launches, positive guidance

An expected improvement in the availability of semiconductors and robust demand outlook in the passenger vehicle market is also driving the upgrades

Maruti Suzuki's shares jump over 7% as firm beats estimates in Q3

Shares of Maruti Suzuki India on Tuesday jumped over 7 per cent even as the company reported a 47.82 per cent decline in consolidated net profit in the third quarter ended December 2021. The stock rallied 6.88 per cent to settle at Rs 8,600.60 on BSE. During the day, it jumped 7.63 per cent to its 52-week high of Rs 8,661.60. On NSE, it gained 7.42 per cent to settle at Rs at Rs 8,650.10. The country's largest carmaker Maruti Suzuki India on Tuesday reported a 47.82 per cent decline in consolidated net profit at Rs 1,041.8 crore in the third quarter ended December 2021, on account of lower sales due to the ongoing semiconductor shortage and increase in commodity prices. The auto major had posted a consolidated net profit of Rs 1,996.7 crore in the October-December period of last fiscal, Maruti Suzuki India said in a regulatory filing. The fall in net profit during the period under review was due to lower sales volume, high commodity prices and lower non-operating income on account

Maruti Suzuki Q3 net profit falls 48% to Rs 1,011 cr, but beats estimates

The carmaker said it had more than 240,000 pending customer orders at the end of the third quarter