Page 9 - Maruti Suzuki

How the Japanese Yen's troubles are bringing a smile to Maruti Suzuki

Typically, the value of imports, which are in yen, is 7-8 per cent of the company's annual revenue

About a third of vehicles sold in India will be electric by 2030: Report

By that time, nearly one in every 10 electric vehicles sold worldwide will be in India, and EV sales will cross 10 million units from just 400,000 last year, according to a report by Arthur D. Little

Maruti Suzuki invests Rs 2 cr in AI startup Sociograph Solutions

The country's largest carmaker Maruti Suzuki India on Friday said it has invested around Rs 2 crore in Sociograph Solutions Pvt Ltd (SSPL), a startup specialising in artificial intelligence. The investment is part of the company's MAIL initiative to support startups with promising mobility solutions, Maruti Suzuki India Ltd (MSIL) said in a statement. The company plans to use the visual artificial intelligence (AI) platform of SSPL called Dave.AI, with an aim to enhance the digital sales experience of its customers, it added. "Our investment in SSPL demonstrates our resolve towards improving business metrics using contemporary technology," MSIL Managing Director & CEO Hisashi Takeuchi said. The company has undertaken the ambitious Mobility & Automobile Innovation Lab (MAIL) programme since 2019 to empower the mobility startup ecosystem in the country. The Maruti Suzuki Innovation Fund has been set up with an aim to invest in early-stage startups which are part of Maruti Suzuki

Hyundai India confident of keeping SUV lead as competition heats up

Korean carmaker introduces facelift of popular model Venue, plans more launches

After 3 yrs of challenges, auto sector may see double-digit growth in FY23

Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback

Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank

Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.

Maruti Suzuki dispatches record 233K units through Railways in FY22

Maruti Suzuki India has shipped 2.33 lakh units through Railways last fiscal, its highest ever dispatch in a financial year so far, since commencing the initiative eight years ago

Maruti Suzuki sets up a 20 MWp solar power plant at Manesar facility

The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually

Indian automakers beat Covid woes as sales in May surpass 2019 levels

However, executives warn of rising inflation's impact on demand

Automakers see robust domestic dispatches in May as demand remains strong

Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..

Maruti Suzuki's total sales in May stand at 161,413 units; exports rise

The country's largest carmaker Maruti Suzuki India (MSI) said its total wholesales in May stood at 1,61,413 units

From Maruti Brezza to Kia Sonet: Five CNG SUVs set to hit Indian roads soon

Compressed natural gas is cheaper and more eco-friendly than petrol and diesel, and several top carmakers are now launching their popular models in CNG variants

Stocks to Watch: Zomato, Delhivery, SAIL, Ramco Cements, GAIL, BEL, Marico

Stocks to Watch: Grasim Industries, Adani Ports, JM Financials, Bank of India, Ipca Lab, Inox Wind, Jyothi Lab, and Metropolis Healthcare will be in focus ahead of their Q4 results today.

Maruti Suzuki to acquire 12.09% stake in AI firm Sociograph Solutions

Maruti Suzuki India (MSI) on Monday said it will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. "The investment would help MSI strengthen its offering to customers by creating a customised sales experiences on the web, virtual reality and augmented reality," the auto major said in a regulatory filing.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Maruti to invest Rs 18k cr in Sonipat plant to roll out 1 milion units/year

Maruti Suzuki India (MSI) said its new manufacturing facility in Haryana, the company's third in the state, would reach peak production capacity of 10 lakh units per annum in the next eight years

Setting up Maruti plant in will boost Haryana's auto industry: CM

Haryana Chief Minister Manohar Lal Khattar on Tuesday said that setting up Maruti's 3rd plant in Kharkhoda will give a boost to auto industry in state.In the past few years, Haryana has made rapid strides on several fronts including industrial development under the guidance and leadership of Chief Minister, Manohar Lal. Haryana Government is actively working towards making Haryana an industrial and automobile hub, read an official statement from Haryana government.The growth in automobile sector in Haryana can be gauged by the fact that Maruti is coming up with its 3rd plant in the state. Maruti Suzuki India Limited (MSIL)/ Suzuki Motorcycle India Private Limited (SMIPL) and Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) are all set to sign an agreement for the allotment of 800-acre & 100 acre land at IMT Kharkhoda, respectively, in a ceremony being organised on May 19, 2022 in the presence of Chief Minister Manohar Lal.This event would .

Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO. In a regulatory filing, the auto major said 99.89 per cent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO. Similarly, 93.10 per cent of votes polled favoured the appointment of Kenichi Ayukawa as a whole-time Director designated as Executive Vice Chairman till September 30, 2022. The company's board in its meeting held on March 24 this year had appointed Takeuchi as the MD and CEO with effect from April 1, 2022, consequent to the completion of the term of Kenichi Ayukawa on March 31, 2022. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. With vast experience in the international operations at SMC as well as in overseas markets, he had been on the Board of Maruti Suzuki since July 2019, as Joint Managing Director (Commercial) since April 2021.

Electrification not silver bullet for achieving carbon neutrality: OICA

OICA is an international trade association which comprises 39 national automotive industry trade associations. India's auto industry lobby group SIAM is a member

Maruti Suzuki lines up Rs 5,000 crore capex for current fiscal year

Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official.