The board of Maruti Suzuki India (MSIL) on Tuesday approved a proposal to issue shares worth Rs 12,841 crore to parent company Suzuki Motor Corporation (SMC) for acquiring Suzuki Motor Gujarat (SMG). The Gujarat manufacturing plant - with an annual capacity of 750,000 units - is owned by SMG, a wholly-owned subsidiary of SMC. The shares issued to SMC will raise its ownership in MSIL from 56.48 per cent to 58.19 per cent--India's largest carmaker stated in a notice to BSE.
Maruti Suzuki India will set up a skill development centre in Gujarat, where it is investing Rs 4,000 crore to set up a manufacturing facility, even as it is trying to restore normalcy at its Manesar plant in Haryana.
Suzuki Motors Corp, the parent company of Maruti Udyog, announced on Friday a manufacturing collaboration with Nissan Motor Co and said they will begin joint production in India.
Speaking at a roundtable with senior journalists in New Delhi, Suzuki said: "Haryana is my first home and Gujarat is my second. I have conveyed this to the two chief ministers."
The company had set an annual production target of 250,000 for its Hansalpur plant in Gujarat.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
Two bikes launched by Yamaha -- FZ F1 and FZ-S F1 -- are a bit expensive considering their mileage-enhancing technology. Still they will manage to reign over India's youth and steal market shares from Honda CB Trigger and Suzuki Gixxer 150
High price, combined with the decision to go only for diesel and position it as a crossover, resulted in its limited success
It expects the Indian market to grow to 10 million units annually by 2030 and it intends to control half the market then, like it does now.
Concerned over sales growth coming mainly from two of its models - Dzire and Swift - country's largest carmaker Maruti Suzuki India said unless its other products contribute equally the company could face problems in the long-term.
Suzuki Motors' Gujarat plant will be ready by 2017.
Automakers Maruti Suzuki, Mahindra & Mahindra and Audi India on Monday announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates. Besides, Tata Motors and Mercedes-Benz India are mulling increasing the prices of their models from January. The country's largest carmaker Maruti Suzuki India, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh and Rs 28.42 lakh (ex-showroom Delhi), on Monday said the price hike would vary from model to model.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
Set to be unveiled at the Auto Expo in New Delhi, it is likely to be priced below Rs 400,000, and will come with air-conditioning and the option to choose from six colours.
Suzuki Motor Corp. of Japan on Monday said it plans to invest about Rs 1,050 crore in its Indian arm Maruti Udyog.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
The global recall of millions of vehicles has put the focus on quality.
Following the violence and arson, MSI had on July 21 announced an lockout at the plant.
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023.
A reading of the reports suggests that there is no standard practice for reporting political contributions and it is left to the company's discretion to report them as they find fit.
Move could be aimed at integrating operations with Indian subsidiary.
Maruti Suzuki has outperformed Suzuki Motor Corp in terms of profitability, with the Japanese parent today posting a consolidated net profit of 28.91 billion yen (about Rs 1,395 crore) for the fiscal 2009-10, almost half of that of the India's largest carmaker.
In May, MSI recorded domestic sales at 89,478 units, compared to 93,519 units in the year-ago period, registering a fall of 4.32 per cent.
Suzuki patriarch steps down from CEO post as mileage test storm grows.
MSI's exports increased by 54.34 per cent to 14,386 units in January, from 9,321 units in the year-ago period.
'We are going to have hybrid cars, which, as far as I know, none of our competition is working on, and this includes ethanol.'
The company's earlier highest for total and domestic sales stood at 1,21,952 units and 1,10,424 units respectively in March 2011.
How much do you know about the Vibrant Gujarat Global Summit 2024?
A proposal by the joint venture between Tata Motors and Fiat to set up a facility to manufacture the world's most famous small diesel engine -- the 1.3 multijet -- had been rejected by Japan's largest maker of minicars, Suzuki Motor Corporation.
Suzuki will also meet Haryana Chief Minister Bhupinder Singh Hooda, industry sources said. The country's largest car maker Maruti Suzuki India, majority owned by the Japanese firm, is investing up to Rs 1,500 crore (Rs 15 billion) in building test tracks and an R&D centre in Rohtak, Haryana.
With the government not continuing with lower excise duty beyond December 31, major car makers, including Maruti Suzuki, Hyundai, GM India and Honda have raised vehicle prices by up to Rs 127,000.
If you've always fancied a Gixxer SF, or a full-faired bike in that magical 'under Rs 1 lakh' space, then you really shouldn't hesitate in forking out the extra dough for the Gixxer SF ABS, says Zigwheel's Saeed
'It will take some more time because the affordability of these cars have changed drastically.'
Nothing new, all cosmetic, is what Naveen Soni finds in the updated Suzuki Swish 125.
The Suzuki Gixxer is a terrific effort to bring back glory to the Japanese automaker in the 150cc segment, says Faisal Ali Khan of MotorBeam.com
Osamu Suzuki, chairman, Suzuki Motor Corporation, is likely to meet Gujarat Chief Minister Narendra Modi to finalise plans to set up a manufacturing plant for Maruti Suzuki India.
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