Page 10 - Maruti Suzuki

Maruti to invest Rs 11,000 cr to set up largest facility at 800-acre site

New plant, with capacity to make 1 million cars in a year, to come up in Haryana

Top headlines: Railways-coal sector rift continues, 5G phones for Rs 10,000

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A car called Congress

The only way forward for Congress is to create something new. Not in the image of the glorious past like the Ambassador, but a brand new product looking at the future

Maruti Suzuki to invest Rs 11,000 cr for new manufacturing plant in Haryana

The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in the first phase of its new manufacturing facility in Haryana. The company on Friday completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited), the auto major said in a regulatory filing. The new plant's first phase with a manufacturing capacity of 2.5 lakh units per annum is expected to be commissioned by 2025, subject to administrative approvals. In the first phase, the investment would be over Rs 11,000 crore, MSI said. "The site will have space for capacity expansion to include more manufacturing plants in the future," MSI noted. At present, MSI has a cumulative production capacity of around 5.5 lakh units per quarter or about 22 lakh units per annum across its manufacturing plants in Haryana and Gujarat.

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 ..

Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers

Auto industry fails to pick up pace as chip shortage hurts production

Fresh chip scarcity may result in 4th straight year contraction in volumes

Robust volumes, operating profit margins to drive gains for Maruti Suzuki

Brokerages expect a recovery in H2, aided by easing commodity/supply concerns

Maruti Suzuki, Hyundai see April wholesales drop due to supply disruptions

Tata Motors, Toyota Kirloskar Motor and Skoda Auto on the other hand witnessed a robust growth in vehicle dispatches last month

With the XL6, Maruti looks to turbo-charge the MPV market share

The XL6, which has improved suspension, better ground clearance and larger tires (16 inch vs the older 15 inch), is notable for its utility in the great outdoors

Maruti Suzuki to go aggressive to regain market share in SUV segment

Fourth-quarter profit zooms 58% on boost from price hikes

Top Headlines: Maruti Suzuki Q4 up 58%; Lanka PM Rajapaksa to be replaced

Maruti Suzuki posted a 58% rise in fourth-quarter net profit at Rs 1,839 crore. PM Modi said that he aims to make India a hub for semiconductors for the world. Read more on these in our top headlines.

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

Sensex gyrates 1,073 pts, ends 460 pts down; Axis Bk dips 6.5%, Maruti 2.5%

CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent

Maruti Suzuki joins hands with Indian Bank for car loans

Maruti Suzuki India (MSI) on Wednesday said it has joined hands with Indian Bank to facilitate easy finance for customers. As part of the partnership, the company's customers can avail the loan benefits in over 5,700 plus branches of Indian Bank at metro, urban, semi-urban and rural locations. Maruti Suzuki customers, under this exclusive scheme, can avail loans up to 90 per cent of the on-road price of the car besides getting benefits of zero processing charges, free accidental insurance cover up to Rs 30 lakh, free fastag and repayment tenure up to 84 months on their loans. The scheme is open till June 30 2022. "About 80 per cent of retail sales in the automobile industry happen through financing and to enable our customer's car-buying decisions, Maruti Suzuki has initiated several partnerships with banks & NBFCs across the public and private sectors. It is our firm belief that this partnership with Indian Bank will go a long way to cater to the diverse finance requirements of .

Maruti Suzuki looks to ride SUV wave to drive past 50% market share

Maruti Suzuki India (MSI) will keep consolidating its existing product line-up while bolstering presence in the fast growing SUV segment

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

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Passenger vehicle exports from India rise 43% in FY22; Maruti Suzuki leads

Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM.

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