Page 8 - Maruti Suzuki India

Bear spread strategy on Maruti Suzuki by Nandish Shah of HDFC Securities

Short build-up was seen in the Maruti Futures' where we have seen 69 per cent (prov) rise in the Open Interest with price falling by 4 per cent

Maruti Suzuki to substantially increase vehicle prices from April

Maruti Suzuki India (MSI) on Monday said it will "substantially" increase the prices of its entire product portfolio from next month in order to offset the impact of high input costs.

Maruti Suzuki to raise prices in April to tackle higher costs

Over the past year the cost of company's vehicles has been impacted adversely due to increase in various input costs, the company said

Scrapping policy will depend on integrity of fitness centres: R C Bhargava

The policy statement for the first time recognises that there is a need to ensure that vehicles are fit for continued use, says Bhargava

Indian Oil, Israel's Phinergy to manufacture special batteries in India

Maruti Suzuki and Ashok Leyland sign letter of intent with new JV for using aluminium-air systems.

Maruti service network crosses 4,000 outlets; 208 workshops added

Maruti Suzuki India (MSI) on Wednesday said its service network has crossed 4,000 outlet mark across the country, covering 1,989 towns and cities

Maruti Suzuki achieves 2 million vehicle export milestone from India

The country's largest carmaker Maruti Suzuki India (MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports. The auto major achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat. "The company has been exporting vehicles for past 34 years much before India became a prominent player in the global automobile business.This early global exposure helped the company enhance its quality and attain global benchmarks," MSI MD and CEO Kenichi Ayukawa said in a statement. The automaker currently exports 14 models comprising nearly 150 variants, to over 100 countries, he noted. "Vehicles manufactured at our facilities in India have found high acceptance owing to global standards of quality, safety, design and technology," Ayukawa said. Going forward, the company has aligned itself with the evolving needs of customers in African and Latin American nations, he noted. "With a flur

Maruti Suzuki pre-owned car unit True Value crosses 400,000 unit sales

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said its pre-owned car unit True Value has crossed 40 lakh sales milestone. True Value celebrates the sales of 4 million pre-owned cars from a network of independent outlets across the country, MSI said in a statement In line with market trends, the automaker had upgraded its True Value outlets in 2017, offering a seamless amalgamation of online to offline car buying experience. "The pre-owned car market in India is highly unorganised and there are very few players providing safe, reliable and transparent buying and selling experience to buyers. "True Value was set up to overcome these issues and ensure that buyers of the pre-owned car get the same experience as new car buyers," MSI Executive Director (Marketing & Sales) Shashank Srivastava said. The outlets are digitally integrated through website and app so that customers can access details of all the cars available at True Value outlets from the comfort of ...

Maruti Suzuki reports 4.3% increase in total sales to 160,752 units in Jan

The country's largest car maker Maruti Suzuki India reported a 4.3% increase in total sales to 1,60,752 units in January

Maruti Suzuki dips 7% in two days post Q3 results on margin concerns

The stock was trading lower for the sixth straight trading day, having fallen 10 per cent during this period

HDFC twins, RIL drive Sensex 834 pts up; Nifty tops 14,500; midcaps outrun

Stock market LIVE updates: India VIX cools off 6%

Maruti Suzuki's production rises 34% at 1,55,127 units in December

Maruti Suzuki India, the country's largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent

Maruti Suzuki's Super Carry records cumulative sales of over 70k units

Automobile major Maruti Suzuki's commercial vehicle Super Carry has reached a cumulative sales of more than 70,000 units in the last four years.

Weekly stock picks by Ajit Mishra of Religare Broking: Buy Bata, Maruti

Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.

Maruti Suzuki India sells more than 200,000 cars through online channel

The country's largest carmaker Maruti Suzuki India on Monday said it has sold over two lakh cars through the online channel. The company, which initiated its online sales platform around two years back, said the digital channel now covers nearly 1,000 dealerships across the country. "Since the introduction of this new digital channel in 2018, we have witnessed three times increase in digital enquiries and recorded sales of over 2 lakh units since April 2019. This digital channel has helped to generate over 21 lakh customer enquiries," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Citing 'Google Auto Gear Shift India 2020 Report', he said nearly 95 per cent of new car sales in India are digitally influenced as per the customers first research online and then buy at the physical dealerships. While online experience provides the complete spectrum of information to the customers, at the last mile the customers seek assurance of the

Maruti, Hyundai Motor report double digit sales growth in October

Maruti Suzuki India and Hyundai Motor India posted double digit growth in October wholesales on the back of pent up demand and improved buying sentiment in the festive season. Honda Cars India, Toyota Kirloskar Motor and Mahindra & Mahindra also reported growth in domestic passenger vehicle sales last month. The country's largest carmaker Maruti Suzuki India (MSI) said its sales increased by 19.8 per cent in the domestic market last month to 1,72,862 units compared with 1,44,277 units in October 2019. The company's sales of mini cars, comprising Alto and S-Presso, declined marginally to 28,462 units as compared to 28,537 units in the same month last year, the auto major said. However, compact car sales, which includes models such as Swift, Celerio, Ignis, Baleno and Dzire, increased by 19.2 per cent to 95,067 units as against 75,094 cars in October last year. Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, also rose 9.9 per cent to 25,396 units as compared ...

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period

Leading carmakers Maruti Suzuki India, Hyundai and Tata Motors saw better retail sales during the Navratri period this year as compared with last year with pent up demand of last few months aiding the brisk offtake. Kia Motors, Toyota Kirloskar Motor, Mahindra & Mahindra and Honda Cars India also witnessed robust sales during the ten-day period (including Dussehra) which is considered auspicious for buying new things and property. The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period thisyear. "Our total retail sales were in the range of 96,700 units this year which is more than last year, MSI Executive Director for Sales and Marketing Shashank Srivastava said when asked about sales during the Navratri period. The auto major had retailed around 76,000 units in the same period last year. Similarly, Hyundai Motor India said it retailed 26,068 units during the period, an ...

Maruti Suzuki says 'no immediate need' for govt to cut taxes on cars

Some automakers have been pushing the government to temporarily reduce tax rates on cars by 10% to boost sales after the coronavirus pandemic brought economic activity to a standstill

Despite volume uptick, Maruti's rally may fizzle out on multiple headwinds

Competitive pressures, lower share of utility vehicle segment and margins are key worries

Maruti Suzuki India posts 11% rise in production to 123,769 units in August

The country's largest carmaker Maruti Suzuki India said its total production in August increased by 11 per cent to 123,769 units