Page 23 - Maruti Suzuki

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

Telecom to oil firms: Q2 results give no clear sign of broad revival

The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers

Top headlines: Maruti Q2 profit up 2%, SP Group claims stake in Tata firms

India's front line health workers will be the first to be inoculated once an effective vaccine is available. More headlines in our evening roundup.

Here's what to expect from Maruti Suzuki's Q2 results today

According to recent sales data, Maruti sold 3.9 lakh units, comprising 3.70 lakh units in domestic and 22,511 units in exports, during the quarter under review

Faced with declining sales, auto firms see room for growth via rent-a-car

But final cost of leasing may outrun cost of ownership

Maruti launches special edition of Swift in festive season at Rs 519,000

The Swift Special Edition is available at an additional cost of Rs 24,990 across all company's dealerships

How multinational carmakers are being squeezed out of Indian market

The combined market share of these multinationals (MNCs) declined to 21.3 per cent in FY20 from a record high of 28.1 per cent in FY17

Harley fails, Hyundai triumphs: India's auto market is unlike any other

The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape

Maruti Suzuki's compact SUV Brezza logs 550,000 sales in 4.5 yrs of launch

The country's largest carmaker Maruti Suzuki India on Tuesday said its compact SUV Vitara Brezza has crossed 550,000 units cumulative sales milestone within 4.5 years of launch

Maruti Suzuki's total sales grow 31% in September to 160,442 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8% increase in total sales at 160,442 units in September

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

Kia motors biggest gainer in August, captures 4.2% market share in India

Hyundai Motor India, the country's second-largest car manufacturer increased its market share to 19.44 per cent from 18.88 per cent. However, sales dropped to 34,699 units from 36,294 units

SIAM appoints Maruti Suzuki India CEO Kenichi Ayukawa as its new president

The executive committee of Society of Indian Automobile Manufacturers (SIAM) has elected Kenichi Ayukawa as its new President.He has been the Managing Director and Chief Executive Officer of Maruti Suzuki India Ltd since 2013.Ayukawa who was earlier the Vice President of SIAM succeeds Rajan Wadhera, Senior Advisor at Mahindra & Mahindra Ltd.The members of SIAM also elected Vipin Sondhi, Managing Director and Chief Executive Officer of Ashok Leyland Ltd, as the next SIAM Vice President.Vinod Aggarwal, Managing Director and Chief Executive Officer of Volvo Eicher Commercial Vehicles Ltd, will continue as the Treasurer.SIAM is a not-for-profit apex national body representing all major vehicle and vehicular engine manufacturers in India. It works towards supporting sustainable development of the Indian automobile industry with the vision that the country emerges as a destination of choice for design and manufacture of automobiles.

Auto industry facing tough times, needs govt support: Kenichi Ayukawa

The Indian auto industry is facing one of the toughest times in history and needs government support through reduction of GST and incentive-based scrappage policy, Kenichi Ayukawa said

Auto sales bounce back in August on low base effect, pent-up demand

Dispatches at India's top two car makers, Maruti Suzuki India and Hyundai Motor India, zipped past not only the pre-Covid phase but also the months preceding the pandemic

Royalty, technical fee cost Indian units of global auto majors Rs 8,000 cr

The amount is equal to nearly 4% of their combined net sales

Maruti Suzuki's Alto crosses cumulative sales milestone of 4 million units

The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Thursday said its entry level small car Alto has crossed the cumulative sales milestone of 40 lakh units. Launched in September 2000, Alto has been the best most selling car for 16 consecutive years in India, the company said in a statement "Alto is the preferred choice of Indian car buyers with 76 per cent of Alto customers choosing it as their first car," it added. Commenting on the feat, MSIL Executive Director (Marketing & Sales) Shashank Srivastava said,"Alto has been ranked as the No 1 selling car in India for 16th year in a row and we are immensely proud to announce another remarkable milestone of 40 lakh cumulative sales. This has become a sales record never achieved by any other Indian car." Over the years, he said, the brand Alto has established a strong emotional connect with the customers and has become a strong symbol of pride. "Alto is India's first entry level car to become BS-VI compliant coupled with

Maruti, Hero plan steep production ramp up ahead of festive season

Maruti suppliers double the inventory to ensure uninterrupted supplies

Car sales far from normal monthly numbers: Maruti chairman R C Bhargava

The auto major is currently producing vehicles at 60 per cent of its installed capacity in the Gurugram and Manesar plants, Bhargava pointed out during an interview

Suzuki first-quarter profit nearly wiped out as coronavirus hits sales

Suzuki declined to offer forecasts for full-year profit and dividends, citing ongoing uncertainties