The country's largest carmaker, Maruti Suzuki India (MSI) on Friday reported a 4.5 per cent increase in total sales at 1,53,435 units in October.
The country's largest carmaker Maruti Suzuki India (MSI) is planning to invest around Rs 18,000 crore on a new manufacturing facility in Haryana, as per a top company official. The new plant would replace the company's Gurugram-based facility and is expected to have an installed production capacity of 7.5-10 lakh units per annum. While confirming the Rs 18,000 crore investment plan, MSI chairman RC Bhargava told PTI that the company had always planned to shift the Gurugram facility to a nearby location.
The economy segment of India's car market is unlikely to revive soon term as inflation and prices prompt buyers to defer purchases. The share of entry-level cars in the passenger vehicle market dropped to the lowest in seven years at the end of the Financial Year 2021-22 (FY22). A recovery in the segment will be largely driven by the overall economic growth, improvement in income levels, and easing of semiconductor shortage, say carmakers and analysts.
Maruti Suzuki India will launch electric vehicles in the country only after 2025 as demand for such vehicles at the moment is less and it would like to sell around 10,000 units a month whenever it enters the electric mobility space, company chairman RC Bhargava said on Wednesday. Addressing a virtual conference on the company's second quarter earnings, he said under the current circumstances a lot of things in the EV ecosystem such as batteries, charging infrastructure and electric supply are done by other parties and therefore the costing is not in the hands of the company. Also with fuel prices going up, car market leader Maruti Suzuki India is intensifying its focus on more CNG offerings of its models.
Sales of mini cars comprising Alto and WagonR were at 11,577 units as compared to 37,710 units in July last year, down 69.3 per cent.
Maruti Udyog on Wednesday launched Euro III-compliant versions of compact cars Zen and WagonR and Baleno sedan, sporting higher price tags, and plans to increase steel procurement from the domestic market.
The company had introduced the AGS technology in India with Celerio and it currently offers it in Alto K10 and WagonR also.
Maruti Suzuki will be launching 20 new products by 2020.
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
India's largest carmaker Maruti Udyog Ltd increased its market share to an impressive 60 per cent in May this year after a spurt in sales of its entry level Maruti 800 and premium small car WagonR.
However, sales of mini segment cars, including Alto and WagonR, declined 7.9 per cent to 25,524 units from 27,712 in the year-ago month
For the longest time the Polo GT had no real competition in terms of its build quality and product positioning. Until now, says Pavan Lall.
Seven years after it announced Nexa, there's no mistaking the seriousness with which Maruti wants the segment to grow, says Pavan Lall.
Sheela Bhatt spends a bleak, rainy, winter day at the Aam Aadmi Party's dharna outside the Union home ministry in New Delhi and speaks exclusively to Delhi Chief Minister Arvind Kejriwal about his motivations.
Though Maruti Swift remains on top of the list, Hyundai Grand i10 is catching up Soon.
When it comes to the replacement of old tyres with new ones, car owners are in a catch-22 situation, wondering about the tyre brand, price and most importantly, tyre warranty.
The company said its domestic sales rose 19.9 per cent during the month to 90,093 units as against 75,145 units in July 2013.
The industry needs stimuli to help revive consumer demand and conversions.
Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
Stingray, which is powered by a 998 cc petrol engine, is available in three variants, with price ranging between Rs 4,10,000 to Rs 4,67,000.
Maruti Suzuki India (MSI) on Saturday reported 10.3 per cent decline in total sales in January at 1,02,416 units as against 1,14,205 units in the same month last year.
Maruti, Hyundai and General Motors posted negative results whereas Honda car sales zoomed in November.
The company said sales in the compact segment comprising Swift, Estilo, Ritz declined by 1.2 per cent to 22,188 units in October this year as against 22,459 units in the same month in 2012.
Wants to cut inventory due to slowing sales.
Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.
Auto makers step up efforts export cars and offset adverse impact of foreign exchange fluctuations.
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
Maruti Suzuki India (MSI) plans to drive in CNG trims across its product range as it remains bullish over long-term prospects of the segment amid increase in fuel prices and drop in diesel car sales, according to a senior company official. The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products. Bullish on the expansion of the sales network, the automaker expects its CNG car sales to almost double this fiscal year over 2020-21.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
India's largest carmaker Maruti Suzuki India tightened its grip in terms of best selling cars with six of its models featuring in the top-10 list for the just concluded fiscal.
The historic 10 millionth car is a Metallic Breeze Blue WagonR VXi, with chassis No 243899 and was rolled out from the company's Gurgaon plant.
It's Maruti all the way, with four out of top five coming from its stable.
So at the beginning of the current financial year when the domestic automobile industry started to depict the first signs of a slowdown, MSIL resolved to intensify focus on such niche segments to bring in the additional numbers.
Police are awaiting medical reports to confirm if the actor was drunk at the time of the mishap.
A look at India's share of the Frankfurt Motor Show pie!
Maruti Suzuki continues to dominate the Indian automobile market with its best-selling cars like Alto, WagonR and Swift. Maruti Alto has maintained its position of India's best-selling model.
The other four models introduced with the alternative fuel option are compact cars Estilo and WagonR, multi-purpose vehicle Eeco and mid-sized sedan SX4.
It will be the first company to come out with factory-fitted CNG cars.
Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-economic factors and better consumer sentiments. Similarly, Honda, Nissan, MG Motor and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors. The country's largest carmaker Maruti Suzuki India's (MSI) domestic sales increased by 39 per cent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.
In a bizarre incident, a man drove his car onto the pitch during the Ranji Trophy match between Delhi and Uttar Pradesh at the Airforce ground in Palam, New Delhi, a major security breach which left both the players and officials dumbfounded.
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