Toyota Urban Cruiser Taisor set to launch in India on April 3: What all to expect
Toyota's Urban Cruiser Taisor, derived from the Maruti Suzuki Fronx crossover, is set to debut on April 3rd, 2024, featuring refreshed exterior elements. With anticipated modern interior features, the new model will compete in the Indian market against popular rivals like Hyundai and Nissan. Key Points
mintMaruti Suzuki invests in machine learning, artificial intelligence startup Amlgo Labs
New Delhi [India], March 23 (ANI): Automaker Maruti Suzuki lndia has invested about Rs 1.99 crore in Amlgo Labs Private Limited, a technology-led startup. The startup operates in the area of data analytics, cloud engineering, machine learning (ML) and artificial intelligence (Al), to assist companies in data driven decision making. With this, Maruti Suzuki will […] Key Points
ThePrintMaruti Suzuki acquires stake in Amlgo Labs
India Business News: Maruti Suzuki India invests Rs 1.99 crore in Amlgo Labs Private Limited, securing a 6.44% stake. This marks the second investment by Maruti Suzuki in Key Points
Times Of IndiaIndia will become auto technology provider to the developing world: Bhargava
India's car industry will drive manufacturing growth and become a major exporter of cars and auto components, according to Maruti Suzuki chairman R.C. Bhargava. Key Points
mintVibrant Gujarat summit: Suzuki Motors to invest Rs 3,200 cr in new production line & Rs 35,000 cr in 2nd p
Japanese carmaker Suzuki Motors plans to invest Rs 3,200 crore in a new production line and Rs 35,000 crore in a second plant in Gujarat. The company plans to roll out the first electric vehicle by the end of this year, with an annual production capacity of around 20 lakh units. Key Points
Economic Times"I have a good relationship with Gujarat", says President of Suzuki Motors Toshihiro Suzuki
Gandhinagar (Gujarat) [India], January 9 (ANI): President of Suzuki Motors, Toshihiro Suzuki, conveyed his contentment after a meeting with Prime Minister Narendra Modi in Gandhinagar, Gujarat. The discussion centred around a comprehensive project, and President Suzuki expressed pleasure with the response received from the Prime Minister. Show Full Article “I reported the whole project. He […] Key Points
ThePrintSuzuki Motor Gujarat achieves 3 million cumulative production
Ahmedabad (Gujarat) [India], December 6 (ANI): Suzuki Motor Gujarat Private Limited, a wholly-owned subsidiary of Maruti Suzuki, has surpassed the milestone of three million production on a cumulative basis. The Gujarat unit commenced operations in February 2017, and within around six years and 11 months has achieved the three million production mark. Show Full Article […] Key Points
ThePrintMaruti board permits preferential share issue to Suzuki Motor Corporation
In October, the automobile major had decided to issue and allot 1.23 crore fully paid-up equity shares of Rs 5 each to Suzuki Motor, at a price of Rs 10,420.85 apiece. Key Points
Business TodaySuzuki eyes exporting India-made EVs to Japan as early as 2025 -Nikkei
Japan's Suzuki Motor (7269.T) will start producing electric vehicles in India and export them from there to Japan as early as 2025, the Nikkei newspaper reported on Wednesday. Key Points
ReutersMaruti Suzuki gets set to triple overseas sales in 7 years
Maruti Suzuki, India's largest carmaker, plans to triple its overseas sales by 2030 and aims to become a global manufacturing hub for automobiles. The company intends to increase its share of new energy vehicles in its export basket and is optimistic about surpassing previous year's export volumes. Key Points
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India's Maruti Suzuki approves issue of shares to parent Suzuki Motor Corp
India's Maruti Suzuki (MRTI.NS) on Tuesday said it had approved an issue of equity shares to its parent Suzuki Motor Corporation (7269.T) to pay for the Gujarat plant it will buy from its Japanese parent. Key Points
ReutersMaruti Suzuki targets doubling its turnover in the decade through 2031
“Looking at the immense potential of the Indian automobile market, our parent company, Suzuki Motor Corp (SMC), has outlined a robust growth plan. Our parent company is targeting doubling turnover by FY31. India will play a very big role in realising this goal,” MD Hisashi Takeuchi said, adding the Indian subsidiary too would be aiming at doubling revenue in this period. Key Points
Economic TimesMaruti aims for half a million in SUV sales
Maruti Suzuki, India's largest carmaker, aims to sell nearly 500,000 vehicles in FY2023-24 to become the top-selling brand in the Indian sports utility vehicle (SUV) segment. The company plans to double its volumes from the previous year and gain market share in the SUV segment, which currently makes up 40% of passenger vehicle sales in India. Maruti Suzuki already has 194,000 pending orders for its SUV range, including the Brezza. The automaker aims to increase its existing 17.5% market share in the segment to 25% by introducing new products, including compact SUVs Fronx and Jimny. Key Points
Economic TimesThis SUV from Maruti Suzuki has over 90,000 pending orders, demand still soaring
Maruti Suzuki Grand Vitara has a starting price of Rs 10.45 lakh to Rs 19.90 lakh (Ex-showroom, Delhi). This SUV gives a mileage of approx. 27.97kpl. Key Points
Hindustan TimesCar shipments shifting back to pre-Covid gear; Maruti, Hyundai at the top
According to industry estimates, Indian carmakers are set to ship more than 675,000 vehicles in the fiscal year that ends March 31, recovering from a low of 404,000 reported in the aftermath of the pandemic in FY21. Around 663,000 cars were exported from the country in the last financial year. Vehicle exports were dominated by Maruti Suzuki and Hyundai, which together accounted for two-thirds of all cars shipped out of the country. Key Points
Economic Times
Q3 results today: Maruti, Sun Pharma, Dabur among 113 companies to announce earnings
Sun Pharmaceuticals and Maruti Suzuki India are among the companies declaring their Q3FY24 earnings. Maruti Suzuki India is expected to report healthy revenue growth, while Sun Pharmaceuticals may see moderate revenue growth. Key Points
Economic TimesInvicto is Maruti Suzuki's big premiumisation leap. Will it be able to reinvent itself?
Maruti Suzuki India Ltd is moving into the premium three-row segment with its latest offering, Invicto. The company is seeking to reinvent itself as a premium brand with Invicto putting the company in an entirely new territory, the above-Rs 20 lakh segment. The increasingly crowded Indian market previously encouraged compact cars, but rising incomes, middle-class adventurism, and demand for premium vehicles have disrupted this. Key Points
Economic TimesMaruti to hike prices in April, says imperative to pass input cost pressure
The company continues to witness increased cost pressure driven by overall inflation and regulatory requirements. While the company makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase, Maruti Suzuki said in a stock exchange filing. Key Points
Economic TimesJapan’s ambassador to India Hiroshi Suzuki immerses in Holi festivities with wife Eiko Suzuki. Watch
An individual reacted to the video shared by Japan’s ambassador to India and wrote, “Happy Holi, Suzuki san and family. Have an amazing one.” | Trending Key Points
Hindustan TimesMotown spreads Christmas cheer with best deals in 5 years
Several dealers and industry executives ET spoke to said discounts on vehicles have increased by 25-50% over the same period last year, with stocks in the channel burgeoning to 700,000 units after Diwali. Carmakers have not yet planned any production cut to balance inventory but annual maintenance shutdowns at companies like Maruti Suzuki later this month are expected to help pare dealer stocks, industry watchers said. Key Points
Economic Times
Maruti Suzuki India reports strong Q1FY24 performance with impressive vehicle sales and record net profit
The company focused on reducing its carbon footprint, achieving the highest ever quarterly sales of CNG vehicles, surpassing 113,000 units. CNG penetration also increased to around 27%. Key Points
mintSuzuki confident Maruti will increase India market share
Suzuki – which aims to grow global volumes by 6.2% or 186,000 passenger vehicles in the ongoing fiscal – expects its subsidiary Maruti Suzuki to outperform competition in the local market this fiscal. Key Points
Economic TimesMaruti Suzuki to increase car prices from January 2024
New Delhi [India], November 27 (ANI): Automaker Maruti Suzuki is yet again set to increase the prices of its cars in January. According to the automaker, the proposed hike was necessitated due to an increased cost pressure driven by overall inflation and increased commodity prices. “While the company makes maximum efforts to reduce cost and […] Key Points
ThePrintMaruti Suzuki plans to double production capacity to 4 million over next 8 years, names new CFO
The automaker by sales also expects export volumes to grow to 8,00,000 cars by fiscal 2031, Chairman R.C. Bhargava told shareholders at the company's annual general meeting. Key Points
ThePrintMaruti Suzuki remains vulnerable to supply side this fiscal: Official
Maruti Suzuki's largest carmaker, which could not produce around 1.7 lakh units last fiscal due to semiconductor shortage, is also coming up with measures to reduce the usage of certain kinds of chips in its cars. Key Points
mint
Maruti steps up heat on SUV rivals
Maruti Suzuki doubled its share in the category to 17.4% last month, up from 8.8% in February 2022. Rivals Tata Motors, Mahindra & Mahindra did manage to grow volumes in the segment in the period under review but saw a decline of 2.3% and 0.7% in market share, respectively. Key Points
Economic TimesMaruti plans 7-year-long drive with 10 new models
The company, which has commenced work to double its production capacity, is in the process of setting up its largest manufacturing facility with total installed capacity of 1 million units at Kharkhoda, Haryana. The board has additionally approved establishment of a factory for another 1 million units, the site for which is yet to be finalised by Maruti Suzuki. Key Points
Economic TimesMaruti Suzuki to launch its first EV through NEXA channel: Report
Suzuki Motor Corporation in Japan has designed the EV, due for launch in 2025. The company is seeking to export the EV as a made-in-India product to Europe and Japan, the report said. Key Points
Economic TimesMaruti Suzuki's investment plans unveiled at Vibrant Gujarat Global Summit 2024
New Delhi [India], January 10 (ANI): Toshihiro Suzuki, President of Suzuki Motor Corporation (SMC), unveiled Maruti Suzuki’s investment plans in the state of Gujarat, signalling a significant stride in the automotive sector in a major development announced during the Vibrant Gujarat Global Summit 2024 on Wednesday. In the first announcement, Maruti Suzuki India Ltd. entered […] Key Points
ThePrintJapan ambassador enjoys vada pav in Pune with wife. PM Modi responds
Hiroshi Suzuki posted a video of him eating street food with a caption that read, "I love street food of India ...but thoda teekha kam please!" | Latest News India Key Points
Hindustan Times
Maruti Suzuki remains vulnerable to supply side bottlenecks as chip crisis continues: Rahul Bharti
The problem (chip shortage) is a global one..it could affect different models, different companies, different modules differently..all our efforts are to organise supplies through multiple sources, PTI quoted Maruti Suzuki India Executive Officer (Corporate Affairs) Rahul Bharti as saying in an analyst call. Key Points
Economic TimesMaruti Suzuki Q4FY23 net profit jumps 42% at Rs 2671 crore, revenue climbs to Rs 3206 crore
Maruti Suzuki's revenue for the quarter ended March 2023 stood at Rs 32059.60 crore,up 19 per cent from Rs 26,740 crore in the same quarter last year. Key Points
FinancialexpressMaruti Suzuki rises on Wednesday's early trade ahead of Q4FY23
Maruti Suzuki's sales during the March quarter increased by 5.4% on year to 5.14 lakh units thanks to strong festive demand, the easing of supply chain constraints, and the introduction of new models. Key Points
mintToyota to launch a Maruti Fronx-based SUV? Here’s what report says
Toyota plans to launch a Maruti Suzuki Fronx-based SUV in India, hinting at the development of a new budget-friendly SUV. The Toyota Taisor is expected to be a badge-engineered version of the Fronx, with potential design alterations and the same engine options as the Maruti Suzuki model. Key Points
mintMaruti Suzuki Jimny ARAI-certified fuel efficiency figures revealed, will offer mileage of …
Maruti Suzuki Jimny will offer a mileage of 16.94kmpl for the manual transmission model. For the automatic transmission (AT) version, the Jimny will have a claimed fuel efficiency of 16.39kmpl. Key Points
mint
Maruti Suzuki planning to make electric air copters that can take-off and land on rooftops
The Maruti Suzuki electric air copter would be larger than drones but smaller than traditional helicopters, with the capacity to transport at least three passengers, including the pilot. It is expected to debut at the 2025 Osaka Expo in Japan. Key Points
Economic TimesMaruti Suzuki announces price hike across models to offset inflation
Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month Key Points
Economic TimesIndia's new-age car buyers are opting for brighter, single-model shades that define brands, personality
Some colours go well with the brand value we are trying to communicate, said Shashank Srivastava, senior executive officer, marketing and sales, Maruti Suzuki India, the country's biggest carmaker. We zeroed in on the Nexa Blue, after going through colours prevalent at fashion shows at the time, to connote sophistication and elegance. Key Points
Economic TimesMaruti Suzuki drives in compact SUV Fronx at ₹7.46 lakh
Maruti Suzuki India on launched its new compact SUV Fronx in the country priced between ₹7.46 lakh and ₹13.13 lakh Key Points
The HinduSUV mania: Car companies poised for bumper January sales
Maruti Suzuki and Hyundai, the leading carmakers in the country, are set to achieve their best January sales driven by strong consumer demand, particularly for SUVs. Industry estimates suggest that over 375,000 vehicles will be dispatched this month, an increase of more than 8% compared to January 2023. The share of SUVs in the domestic market is expected to grow to 52-53% this year. The preference for SUVs has led to an increase in the average selling price of passenger vehicles in India. Maruti Suzuki and Hyundai are confident about the continued demand for the rest of the quarter. Key Points
Economic Times
Maruti Suzuki to launch mid-size electric SUV next fiscal
To be its first EV in sports utility vehicle segment. Maruti Suzuki will launch a mid-size electric SUV in the next fiscal year and it will be powered by a... Key Points
The Tribune India3 Tata cos among 9 Nifty stocks that saw over 5% upgrade in FY24 EPS estimates
Brokerage Motilal Oswal has upgraded EPS estimates of nine Nifty stocks. The list includes state-run Coal India, auto major Maruti Suzuki and JSW Steel. Coal India topped the charts with an EPS upgrade of 18.1%. Others with over 5% upgrades include Maruti Suzuki (10.2%), JSW Steel (8.2%), Cipla (7%), Hero MotoCorp (6.9%) and Mahindra & Mahindra (5.3%). Key Points
Economic TimesMaruti Suzuki hit with Rs 2,159 crore Income Tax Draft Assessment Order
Maruti Suzuki, India's leading automobile manufacturer, has received a draft assessment order from the Income Tax department for FY 2019-20, amounting to Rs 2,159 crore. The order proposes certain additions/disallowances to the company's income tax return. Maruti Suzuki plans to challenge the order and stated that it will not impact its financial or operational activities. Key Points
Economic TimesMaruti Suzuki receives show cause notice worth Rs 139.3 crore from GST Authority
According to the company, it will file a reply before the adjudicating authority. “There is no impact on financial, operation or other activities of the company due to this show cause notice.” Key Points
Business TodayMaruti Suzuki looking to invest around Rs 45,000 crore to double production capacity
Speaking at the companys annual general meeting on Tuesday, Maruti Suzuki chairman RC Bhargava said the company will utilise its cash reserves to double production capacity by 2031. The company will also take up suggestions by shareholders for a stock split to its board for consideration, said Bhargava. Key Points
Economic Times
Maruti races ahead in SUV sales in July
The country's largest passenger vehicle maker raced ahead of home grown automaker Mahindra & Mahindra in the fast-growing segment with sales of 42,620 units last month. Mahindra sold 36,205 units, while Hyundai Motor India was next at 32,991 units. Key Points
Economic TimesYeh dil maange more: Companies now focus on ‘all things premium’
The number of car models available in the sub Rs 10 lakh category more than halved to 27 in the June quarter from 57 in FY19. Models priced over Rs 10 lakh almost doubled to 50. Of the half a dozen or so passenger vehicles unveiled this fiscal year, only the Maruti Suzuki Fronx and the Hyundai Exter have variants priced below Rs 10 lakh. The Maruti Suzuki Jimny and the new Kia Seltos as well as the forthcoming Citroen C3 Aircross and the Honda Elevate are all tagged upward of Rs 10 lakh. Key Points
Economic TimesAuto Inc puts pay hikes in top gear as profits surge
With the excellent efforts of employees, Maruti Suzuki has performed well in FY23, said Rajesh Uppal, member executive board, HR, Maruti Suzuki, which recorded the highest-ever turnover of ₹1 lakh crore. Our sales of 19.66 lakh units were the highest ever... the company recognises the efforts of employees and shares the fruit of their good work with them, Uppal told ET. Key Points
Economic TimesMaruti Suzuki ties up with Chola for dealer financing solutions
Maruti Suzuki India Ltd. (MSIL) has signed a pact with Cholamandalam Investment and Finance Co. Ltd (Chola) to facilitate inventory financing for its dealer partners. Key Points
The HinduMaruti Suzuki hikes vehicle prices across all models. Details here
In January 2023, the company had said that it hiked prices of its vehicles across models by about 1.1 percent. Key Points
mint
By the turn of the decade, Maruti Suzuki hopes to do about 750,000 to 800,000 exports: Rahul Bharti
Rahul Bharti, Executive Director, Corporate Affairs, Maruti Suzuki India, discusses the company's structural headwinds in the small car segment due to affordability challenges. He mentions the shift in entry price point from Rs 250,000 to Rs 400,000 and hopes that when income in that segment catches up with the higher cost, the small car segment may see increased volumes. Key Points
Economic TimesMaruti Suzuki announces price hike across all vehicle models, shares jump 1.5%
Maruti Suzuki shares gained nearly 1.5 per cent during intraday trade after the company announced an increase in prices across all its vehicle models. Key Points
India TodayMaruti Suzuki presses the pedal harder by announcing 10 lakh unit capacity expansion
Maruti has over 40% market share in the passenger vehicles (PV) segment. In 2022-23, Maruti sold a total of 1.96 million vehicle. Key Points
Economic TimesTechnical Breakout Stocks: How to trade HEG, Maruti Suzuki and HUL on Tuesday
The S&P BSE Sensex rose nearly 200 points on Friday while the Nifty50 closed just a shade below 22,100 levels. Sectorally, buying was seen in telecom, realty, auto, healthcare, and capital goods while IT stocks saw some selling pressure. Key Points
Economic Times