Page 13 - Maruti Suzuki

Maruti Suzuki Q3 results: Net profit skids 48% on global chip shortage

Expects no demand let-up; targets production ramp-up in Q4

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

Top headlines: FRL turns down Amazon bailout offer; Maruti Q3 net falls 48%

Business Standard brings you the top headlines on Tuesday

Sensex snaps 5-day losing run, ends 367 pts up; Nifty holds 17,250

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

PV exports from India rise 46% in April-Dec; Maruti Suzuki leads segment

Passenger vehicle exports from India increased 46 per cent in the first nine months of the current fiscal year, with Maruti Suzuki India leading the segment with dispatches of around 1.68 lakh units

Maruti Suzuki hikes vehicle prices by 4.3% to offset rise in input costs

The country's largest carmaker Maruti Suzuki India said it has increased prices of its models by up to 4.3% with immediate effect to partially offset the impact of the rise in input costs

Maruti Suzuki says 8 models among top 10 passenger vehicles list of 2021

This is for the first time that eight models of the company made it to the top 10 list in a calendar year, it said

RIL, HDFC, TCS power 673-pts rally in Sensex; Nifty tops 17,800; banks soar

The broader markets underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with meagre gains of 0.05 per cent and 0.4 per cent, respectively.

Maruti Suzuki exports over 200,000 units in 2021; most in a calendar year

Maruti Suzuki India on Monday said it shipped over two lakh vehicles in 2021, its highest ever in a calendar year, to various markets across the globe. The company exported 2,05,450 vehicles in 2021, the country's largest carmaker said in a statement. This is the highest ever export figure in any calendar year by the company, it added. "This milestone reflects the confidence of customers around the world in the quality, technology, reliability, performance and cost effectiveness of our cars. We thank our parent company, Suzuki Motor Corporation and their distributors across global markets for their reach and support, especially in such challenging times," Maruti Suzuki India MD & CEO Kenichi Ayukawa stated. The company stands committed to live upto the trust placed by global customers and will continue to delight them, he added. The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio. The top .

Maruti, Hyundai report decline in wholesales for Dec; TaMo, M&M see growth

Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 1,53,149 units in December 2021 as against 1,60,226 units a year ago. Its December 2021 domestic sales slipped 13 per cent to 1,30,869 units as against 1,50,288 units in December 2020. "The shortage of electronic components had a minor impact on the production of vehicles during the month. The shortage primarily affected the production of vehicles sold in the domestic market," MSI said in a statement. The company said sales of mini cars, including Alto and S-Presso, fell 35 per cent

Maruti Suzuki sales dip 4% to 153,149 units in Dec

In December 2021, the domestic sales slipped 13% to 130,869 units as against 150,288 units in December 2020

Over two dozen new car and SUV models to hit the road in 2022

Maruti's share in the compact SUV segment, where it sells the Brezza, has dropped by 90 basis points to 14.4 per cent

Near-term worries likely to keep Maruti Suzuki's stock under strain

Market-share loss in SUVs, supply disruptions, and margin improvement may take time to repair

Toyota-Suzuki affordable electric vehicle to make India debut by 2025

Toyota and Suzuki are looking to make close to 114,000 units of the model per year

Toyota Kirloskar Motor to hike prices across entire portfolio from January

Toyota Kirloskar Motor (TKM) on Wednesday said it will increase prices across its entire product portfolio from January, in order to offset the impact of rise in input costs.

Maruti Suzuki Super Carry crosses 100,000 cumulative sales mark

Maruti Suzuki India (MSI) on Tuesday said its light commercial vehicle Super Carry has crossed one lakh sales cumulative milestone in five years of its launch in the country. The vehicle, which comes with a four-cylinder engine and both petrol and CNG options, caters to the versatile requirements of the commercial customers. MSI forayed into the commercial segment in 2016 with the introduction of Super Carry in India. The model was developed specifically for the domestic market, keeping in mind the unique requirements of Indian mini-truck customers. In a very short time, Super Carry has received a phenomenal market reception and has found wide acceptance among customers. Through Super Carry, we have been able to cater to a diverse range of goods carrying customer requirements to enable them to be more efficient and profitable," MSI Senior Executive Director (Marketing and Sales) Shashank Srivastava said in a statement. The S-CNG variant of Super Carry has helped businesses enhance

Maruti Suzuki Celerio emerges younger, nattier as an entry-level city car

The new Celerio is wider and taller than the earlier version by 55 mm

Examining scope for India launch of 50-yr-old Jimny brand: Maruti Suzuki

The auto major currently manufactures three-door Jimny at its Gurugram plant and exports to Middle East and African markets.

Bharat sustains sales for Maruti even as chip shortage chokes India volumes

Positive macroeconomic indicators in rural India have helped passenger vehicle sales

Baleno crosses 1-million-unit cumulative sales milestone: Maruti Suzuki

The country's largest carmaker Maruti Suzuki India on Thursday said its premium hatchback Baleno has crossed the cumulative sales milestone of 10 lakh units. Launched in October 2015 and sold through the company's premium retail chain NEXA, the model had crossed the 5 lakh units cumulative sales in November 2018 and touched the 10 lakh units milestone in November this year, Maruti Suzuki India Ltd (MSIL) said in a statement. MSIL Senior Executive Director (Marketing and Sales) Shashank Srivastava said since its launch, Baleno has enjoyed leadership in the premium hatchback segment and commands a market share of over 25 per cent. "Today's evolved urban Indian customer is self-motivated, tech-savvy, and bold in their life, and the Baleno is just the right companion for these discerning minds," he said, adding the model will go on to reach even greater heights in the future as well. The Baleno is powered by a 1.2-litre petrol engine and it offers customers Suzuki's Smart Hybrid ...