Page 36 - Maruti Suzuki

Maruti Suzuki's Gurugram, Manesar plants together roll out 20 millionth car

Maruti Suzuki India Ltd (MSIL) today said it has crossed cumulative production of 20 million vehicles in India from is Gurugram and Manesar facilities since inception. The feat has been achieved in 34 years and 6 months since start of production in December 1983, the company said in a statement. MSIL is the first car-maker in the country to cross the milestone. "The 20 million production milestone is a testimony of trust in brand Maruti Suzuki," MSIL Managing Director & CEO Kenichi Ayukawa said. Out of the 20 million units, 14.37 million vehicles were manufactured in Gurugram, while 5.62 million vehicles were from the Manesar facility, the company added. The company had achieved the one million production in March 1994, nearly after a decade after start of manufacturing cars. In April 2005, it reached the five million milestone, while the ten million mark was hit in March 2011. "In the next seven years, the company achieved 20 million production milestone," MSIL said. Currently

Maruti Suzuki working on a new entry-level car for launch in 2020: Report

The challenge for Maruti right now is to make sure that the car meets all the regulatory norms when it hits the market in 2020, and the cost

Maruti gains market share to 53.54% in Q1; Tata Motors pips Honda Cars

According to the latest data by Society of Indian Automobile Manufacturers (SIAM), total domestic passenger vehicle sales in the first quarter of this fiscal grew 19.91 per cent to 8,73,501 units

Maruti Suzuki June sales up 36% to 1.4 mn units; compact cars lead the way

Sales of vans -- Omni and Eeco -- grew by 32.3 per cent to 12,185 units last month as against 9,208 units in the year-ago period

Maruti Suzuki, Hyundai Motor ready to rev up small car market in India

In the absence of new models that have service and reach matching with Maruti and Hyundai, first-time buyers opted for used cars, fuelling sales of second-hand car market

Maruti to set up 400 skill training centres to give global quality standard

This effort is to bring global quality standards and complement the Make in India initiative

Maruti Suzuki speeds up to claim 55% share in the Indian car market

There are about a dozen manufacturers operating in the Indian market, but only two have a double-digit share and most others have sub-5% share

Volume gains to offset margin pressures for Maruti Suzuki

Long waiting periods for more profitable new models and operating leverage will help the company offset higher raw material costs

Domestic car sales expand 19% in May; Maruti, Tata Motors led growth

Dealers have stocked vehicles in the run-up to a price hike, which is expected by leading players sometime this month

Maruti Suzuki switching lanes: Small cars now down to 25% of total sales

Changing customer preferences, supported by growing incomes, are the primary factor driving this change

Maruti Suzuki eyes 10% increase in outlets in FY19, 5 new models in 2 years

Maruti would add outlets to its various retail channels like Nexa and Arena, besides enhancing network for its light commercial vehicle Super Carry

Maruti Suzuki attains leadership in UV segment with 27.53% market share

Maruti Suzuki India today said it has attained leadership position in sale of utility vehicles (UVs) in the domestic market in 2017-18, with over 27.5 per cent market share. Riding on the success of models like Vitara Brezza, Ertiga and S-Cross, the company's sale of UVs reached 253,759 units in 2017-18, growing 29.6 per cent over sales of 195,741 units in the previous year, Maruti Suzuki India said in a filing to BSE. Maruti Suzuki Senior Executive Director Marketing & Sales R S Kalsi said, "In recent years the company has systematically widened its utility vehicle portfolio." Each of the offerings is distinctively placed and offers immense value to customers. The company's UV range of Vitara Brezza, 5-Cross and Ertiga revolve around best of design, technology and experience, he added. "Sales of Vitara Brezza increased by 36.7 per cent in 2017-18, while it jumped by 44.4 per cent for S-Cross and 4.1 per cent for Ertiga," Kalsi said. As on March 31, 2018, Maruti Suzuki has 2,627 .

Maruti Suzuki zooms past M&M, set to emerge as top UV player this fiscal

The company's market share swelled to 28% for the April to February period of 2017-18

Maruti Suzuki drives showroom managers to leading B-Schools for training

1,500 executives will be trained at Gurgaon's MDI and Ghaziabad's IMT by next year

Near-term worries for Maruti stock, even as product demand remains strong

The Maruti Suzuki stock has shed about 12 per cent from its all-time intra-day high of Rs 10,000, recorded in mid-December 2017. That is due to the correction in broader markets and softer demand expectation for the industry, especially in the urban segment. Although demand for Maruti's key models remains strong, some analysts also point to the possibility of capacity constraints for the company in 2018-19. While the competition environment for the company is benign for now, rising commodity prices and entry of new players are issues. Having said that, analysts also say many of these are temporary and long-term investors could utilise the current situation to accumulate the stock on declines.Urban slower, rural risingA worry now is slowing demand in the top 10 cities, which account for 40 per cent of overall industry volume -- sales growth here has been flat over the past year. Analysts believe the rise in ride sharing (Uber/Ola) has led to lower private car demand. Aggravated by ...

Maruti Suzuki seeks place in crowded light commercial vehicles market

Maruti Suzuki had sold 460 units of LCV, branded as Super Carry, in the April-January period of FY17

Maruti Suzuki India open to forge partnerships with local tech firms

With new technologies reshaping the future of automobile industry, Maruti Suzuki India is keeping options open to partner with tech firms locally and play a part in parent Suzuki's future product development, according to its Managing Director and CEO Kenichi Ayukawa. While the maximum focus of the company, which is slated to launch an electric vehicle (EVs) in 2020 in India, will be EVs in future, efforts will also be accelerated to develop more hybrids and other alternate fuel vehicles. "I think there are such kind of opportunities in the future," Ayukawa told PTI in an interview. He was responding to a query on whether Maruti Suzuki India (MSI) would consider partnering local new age technology firms for future product development, which could also flow to parent Suzuki Motor Corporation. Ayukawa said MSI has been depending on parent Suzuki for technology but it has been able to grow its own R&D prowess and has started playing bigger role in product development. An

Future strategy will not just revolve around EVs: Maruti Suzuki's Ayukawa

Maruti Suzuki's MD&CEO says electric vehicles cannot be a solution outside the cities

Shorter wait for Maruti cars soon as Guj plant to supply 250k units in FY19

'At one point of time Baleno used to have a waiting period of around six-eight months; now it has come down to about 8-10 weeks'

Maruti beats Hyundai with 6 cars appearing in 10 best-selling PVs in Dec

Rival Hyundai Motor India also made its presence felt with three of its models featuring in the top ten list