Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM.
From the Sensex pack, Asian Paints, ICICI Bank, PowerGrid, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, Sun Pharmaceuticals, Maruti Suzuki India, Axis Bank, UltraTech Cement and HCL Technologies were the only gainers. On the other hand, Eternal, Tata Motors' commercial vehicles arm, Mahindra & Mahindra, Tata Steel, Bharat Electronics Ltd, Tata Motors Passenger Vehicles, Trent, Tata Consultancy Services, Hindustan Unilever, and Infosys were among the laggards.
Manesar plant was rolling about 1,200 cars every day before the first strike hit in June.
Maruti Suzuki India said on Wednesday it has run out of stock of the two best selling models, Swift and DZire, which are produced at the Manesar plant where it has declared lockout following violence last week.
Leading automakers Maruti Suzuki, Hyundai, Mahindra, and Tata Motors saw a dip in dispatches to dealers in August amid dip in demand with many prospective buyers postponing their buys anticipating a reduction in vehicle prices on account of the new GST framework. The country's largest carmaker Maruti Suzuki India reported an 8 per cent year-on-year dip in dispatches of passenger vehicles in the domestic market last month.
The figures are encouraging for the auto industry amid apprehension that due to higher cost and lack of fuel availability, cars with stricter emission standards may not be popular in initial stages. Automakers had even cited this confusion as one of the reasons for dwindling car sales in India, reports Arindam Majumder.
The country's largest car maker, Maruti Suzuki India Ltd, on Wednesday reported a 22.63 per cent jump in its sales at 75,109 units in June against 61,247 units in the same month last year.
There is a possibility of fuel smell and in extreme condition there may be some fuel leakage.
Small car wizard, Maruti Suzuki's supremacy goes back to the year 1983 when the carmaker started its innings in India.
The auto-maker's total headcount is currently 7,200. "We plan to have a total employee strength of 7,350 by the year-end," Maruti Suzuki India Managing Executive Officer Administration (HR, Finance and IT) S Y Siddiqui said.
MSI's exports, however, fell by 13 per cent to 10,554 units.
In March it reported an increase of 38.85 per cent in sales in the domestic market to 110,424 units from 79,530 units.
Indian equities on Dalal Street saw volatility. Track Sensex, Nifty50 movement and key market drivers for Feb 25, 2026.
As the strike at its Manesar plant entered the fifth day on Wednesday, the country's largest car-maker Maruti Suzuki India said there was no question of accepting the demands of the workers.
Japanese auto major Suzuki Motor Corporation (SMC) on Wednesday said its long-serving chairman Osamu Suzuki will retire and assume the role of senior advisor subject to shareholders' approval in the ordinary general meeting to be held in June this year.
The company has been hit hard, not only by strike of its own workers, but also due to the supply shortage of engines and transmissions from Suzuki Powertrain India Ltd.
"Our sales have been growing since December 2008. December 2008-July 2009 are great months", Maruti Suzuki India chairman R C Bhargava told reporters in Chennai. He hoped that the next two-three months would yield a double digit growth.
Even as Maruti Suzuki's once bread-and-butter M800 model is seeing interest wane among buyers in India, demand for the country's once most iconic car has shot up in markets abroad.
Maruti Suzuki India, on Friday launched its latest small car Ritz in both petrol and diesel variants, offered at an introductory price of Rs 3.90-4.99 lakh.
Maruti has committed Rs 5 crore towards the programme.
Addressing shareholders at the 31st annual general meeting, which started after observing a minute's silence in memory of slain general manager Awanish Kumar Dev, Maruti Suzuki India chairman R C Bhargava said that security cover at Manesar plant will continue till its staff feels secure.
Starting January, the market is expected to welcome models like the Tata Punch 2025 which is expected to be around 6 lakh, Mahindra BE 07 EV around 29 lakh, Maruti WagonR Electric around 8.5 lakh, Toyota 3-Row SUV around 14 lakh, and Volkswagen Tera to be around 8 lakh.
The added new features in the car include leather seat covers, double-din sound system with USB, dual tone interiors, body graphics, full wheel covers and beige parcel tray.
The long awaited product is likely to be launched early next year.
The company saw production hit by 10,200 units till yesterday, which translates into a loss of about Rs 510 crore (Rs 5.1 billion). In the morning, shares of Maruti Suzuki India (MSI) were trading 0.43 per cent down at Rs 1,217.50 apiece on the Bombay Stock Exchange.
In what seems to be a softening of stance, Maruti Suzuki India Ltd (MSIL) has decided not to take any immediate steps to de-recognise the newly instituted Maruti Suzuki Workers' Union (MSWU) of the Manesar unit.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
Overseas shipments at auto firms expanded at a brisk pace year-on-year (YoY) in March, bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto. Amid a semiconductor shortage, a depreciating rupee and a strong demand in various export destinations, passenger vehicle makers diverted capacity meant for the local market in favour of the more-lucrative export market. Among the passenger vehicle makers, market leader Maruti Suzuki led the rally with its overseas shipments touching a record level of 238,376 units in FY22 - the highest for the company in any financial year.
Giving in to rising input cost pressures, the country's largest carmaker by sales, Maruti Suzuki India has increased prices of its vehicles by up to Rs 8,000 across models, except its newly launched compact car Alto K10.
Maruti cannot make a Rs 1 lakh car and the company engineers say it cannot be done, Maruti Suzuki India managing director and CEO Shinzo Nakanishi said.
Expressing solidarity with agitating Maruti Suzuki workers, about a hundred protesters from various trade unions staged a demonstration outside Haryana Bhawan on Thursday, seeking the government's intervention for reversing the suspension and dismissal of workers by MSI.
Currency fluctuation has been affecting margins.
Maruti Suzuki reported a 41.56 per cent jump in sales for August at 84,808 units. Hyundai Motor India reported a 12.92 per cent jump in domestic car sales at 24,401 units.
The country's largest carmaker Maruti Suzuki India is understood to be planning to ramp up its output by about 10 per cent to produce over 1,10,000 units every month from October.
Leading car manufacturer Maruti Udyog Ltd has bought Suzuki Motor Corporation's 30 per cent stake in the joint venture Maruti Suzuki Automobile India Ltd for Rs 12 crore (Rs 120 million), taking its total stake in MSAIL to 100 per cent.
Japanese small car major Suzuki on Thursday launched its fifth global model small car, which will be launched in India under "A-Star" brand by mid-November this year.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
Suzuki Motor Corporation has already said India would be the global small car development hub outside Japan for other markets, he added. MSI's R&D centre is being developed to be at par with SMC's facility in Japan. It will also have crash test centre.
'The customer is fast changing, and she demands newer experiences that wealth can buy.'
