Maruti Suzuki India reported a 71% decline in total sales to 46,555 units in May as compared to 1,59,691 units in April as a spike in Covid-19 cases and lockdowns across various states hit dispatches
'Since neither of the two months had normal production, the sales volume of May 2021 are not comparable with May 2020,' says the carmaker
India's largest car maker is finding traction in the national roll-out of its digital financial services platform
Maruti Suzuki India (MSI) on Friday said it along with its supplier partners are in the process of installing 24 oxygen plants in government hospitals by the first half of June
The company said that as part of that, it has been able to increase the output levels of oxygen generators by over 10 times.
Leading automakers Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country. The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis with personal mobility gaining acceptance amid the coronavirus pandemic. "It is very difficult to predict how used car business will perform this fiscal year due to COVID situation. Demand for such cars is there in the market but there is pressure on their availability because of restrictions across states on account of lockdowns and curfews," MSI Executive Director (Sales and Marketing) Shashank Srivastava told PTI in an interaction. The auto major currently has 570 True Value outlets across the country where it certifies the pre-owned cars it .
The country's largest carmaker Maruti Suzuki India said it has extended free service and warranty period up to June 30, 2021, in the wake of the second wave of the coronavirus pandemic
India's largest motorbike maker, Hero MotoCorp Ltd, extended a shutdown at its manufacturing facilities across India till May 16, a day after Maruti Suzuki India Ltd announced a similar move
Maruti's stock has sneaked below its 200 DEMA but, on the weekly scale, it has tested its 200 week EMA which is a much stronger support
The country's largest carmaker sold 159,691 units in April as compared to 167,014 units in March
For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory
This is the second time in less than a year that Ayukawa, 66, has tested positive for the virus
In this regard, the company advanced its bi-annual maintenance shutdown to May 1 through May 9 from earlier plan of June
Chairman R C Bhargava says local lockdowns and curfews have so far not had any impact on production and retail demand continues to outpace supply
Maruti Suzuki Q4 net declines 10% on supply chain disruptions, higher raw material costs, Bajaj Finance posts profit of Rs 1,347 crore in March quarter, and other top news of the day
However, weak demand for vehicles during the pandemic and higher commodity costs hurt India's largest carmaker's quarterly numbers
Khattar (79), a former bureaucrat, was considered as one of the most high profile leaders of the Indian automotive industry, laying the foundation for Maruti's future growth
Jagdish Khattar's tenure saw Maruti establish itself as India's largest car company.
Maruti Suzuki transports 180,000 vehicles through trains in 2020-2021
Raw material prices are hardening with the full impact of cumulative increases set to be felt in Q3 and Q4 of this financial year