Page 2 - Maruti Suzuki

Maruti Suzuki ties up with SMAS Auto to boost vehicles subscription

Maruti Suzuki India on Wednesday said it has partnered with SMAS Auto Leasing India Pvt Ltd to enhance its vehicles subscription programme. SMAS is the fifth partner to offer a range of the company's vehicles on white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, Maruti Suzuki India said in a statement. Maruti Suzuki Subscribe with SMAS is now available across cities, including Delhi, Gurugram, Noida, Mumbai, Pune, Bengaluru, Hyderabad and Chennai, it added. Maruti Suzuki India Senior Executive Officer, Marketing and Sales Shashank Srivastava said since its introduction two years ago, the Maruti Suzuki Subscribe programme has received good response, specially from "today's asset-light generation who prefer flexible buying decisions". "Through new partnerships and city expansions, we wish to expand our reach even more and serve our customers with more ease and convenience, he added. SMAS Auto Leasing Genera

Maruti's share in Suzuki revenue jumps to 40.9% in April-December

Maruti's share in its global revenues jumped from 33.42 per cent in April-December period of FY22 to 40.93 per cent in the corresponding period of FY23

Maruti Suzuki total sales surge 12% to 172,535 units in January

The country's largest carmaker Maruti Suzuki India on Wednesday reported a 12 per cent increase in total sales at 1,72,535 units in January. The company had sold a total of 1,54,379 units in the year-ago period, Maruti Suzuki India Ltd (MSIL) said in a statement. Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said the industry began with a low network stock because of high retails in December. "Therefore, the depleted inventory resulted in slightly muted retails, taking up the network stock to 1.84 lakh units. On the demand side, the enquiries and bookings have been steady despite price hikes done by several OEMs," he noted. Constraints of production still continue due to the semiconductor supply situation, which resulted in some loss in wholesales as well as retail, Srivastava

Maruti Suzuki India's pending orders rise to around 405,000 units in Jan

Maruti Suzuki India's pending orders have jumped to around 4.05 lakh units this month as the inflow of bookings continues to be steady, while newly introduced SUVs Jimny and Fronx also added to the numbers, according to a senior company official. The bookings for Jimny have crossed 11,000 units, while that of Fronx is around 4,000 units. In the third quarter ended December 2022, the company's pending customer orders stood at about 3.63 lakh vehicles, out of which about 1.19 lakh orders were for newly launched models. "We are at around 4,05,000 bookings (at present), which are pending, and that means that we are seeing in the flow of bookings and of inquiries at a pretty good level," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava told PTI. Compared to January 2022, the inquiry is higher by 28 per cent and bookings by 16 per cent in the same month this year, he said. The increase in pending orders has also been accelerated by the company's two .

Price hikes, top-end car sales drive Maruti Q3 net up 130% to Rs 2,391 cr

Favourable forex variation, softening commodity prices and higher non-operating income drive performance, consolidated revenue jumps 26.9% to Rs 29,918 crore

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Maruti Suzuki's net profit in Q3FY23 more than doubles, revenue up 25%

Maruti Suzuki Q3 results: The company sold 465,911 vehicles in the quarter, up from 430,668 units the same quarter last year

Maruti Suzuki begins probe into alleged purchasing dept wrongdoings

Investigation follows whistleblower complaint that executives took money from suppliers

Maruti Suzuki probing allegations of malpractices by executives: Report

The company has taken possession of the laptops and phones of the executives under the lens

Maruti Suzuki to recall 11,177 Grand Vitara SUVs to fix seat belt defect

The company, which is majority owned by Japan's Suzuki Motor Corp, will report its results for the quarter ending Dec. 31 on Tuesday

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

Auto Expo 2023 witnesses turnout of 636k visitors after a 3-yr hiatus: SIAM

Auto Expo 2023 was led by the automakers such as Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar, and MG Motor India

Maruti Suzuki recalls 17,362 units to fix faulty airbag controller

The affected models are Alto K10, S-Presso, Eeco, Brezza, Baleno and Grand Vitara, manufactured between December 8, 2022 and January 12, 2023

Maruti Suzuki's car transportation through rail doubles in five years

Automaker's rail share of logistics rises to 17 per cent

Maruti increases transport of cars via railways, to set up dedicated tracks

The company last year transported over 3.2 lakh vehicles using rail wagons, the highest in a calendar year since 2013 when the company got the Automobile Freight Train Operator (AFTO) license

Auto firms have foot on price pedal, even as commodity costs tail off

Between March 31 last year and January 13 this year, the prices of raw materials such as Aluminium, Copper and Tin have decreased at the London Metal Exchange

Maruti Suzuki transported record 320,000 units via railways in 2022

Maruti Suzuki India said it transported over 320,000 vehicles using Indian railways last year, its highest ever dispatch in a calendar year

Maruti Suzuki hikes vehicle prices by 1.1% across models, 2nd rise in FY23

In December last year, the company had said it would hike prices of its vehicles to offset the impact of rising input costs

We underestimated speed of SUV growth: Maruti Suzuki MD & CEO Takeuchi

Maruti was planning to launch its first electric vehicle (EV) by 2025 and that would not be "too late", he said

Maruti Suzuki launches 5-door, 4-wheel drive Jimny at Auto Expo 2023

The company aims to regain 50 per cent market share in the domestic passenger vehicle segment by bolstering its presence in the sports utility vehicle (SUV) space