Maruti Suzuki, India's largest car company by sales, is working on an ambitious plan to launch electric cars and compressed natural gas variants for three or four models in the domestic market.
High cost of acquisition due to a variety of reasons, including higher GST than all other major countries, is slowing down car demand in the country and unless the Centre and states take steps to reduce it, the industry is unlikely to experience reasonable growth, according to Maruti Suzuki India Chairman R C Bhargava. Addressing shareholders in the company's Annual Report for 2020-21, he said after the devastating second wave of the coronavirus pandemic hitting the first quarter of FY22, the performance in the next three quarters will largely depend on how effectively people get vaccinated and observe safety protocols.
With induction of these people, the company's workforce will expand by about 27 per cent to nearly 11,000 employees.
The company has sold over 12 lakh models of this car till date.
Maruti Suzuki India Limited (MSIL), which witnessed labour unrest at its Manesar facility, is set to complete the process of regularisation of contract workers at the unit by November-end.
MSI in January increased prices by up to Rs 31,600.
Japanese carmaker Suzuki Motor Corp is recalling the automatic transmission version of its compact car 'Alto' in Europe, which is sold under the brand A-Star in India.
Japanese carmaker Suzuki Motor Corp is recalling the automatic transmission version of its compact car 'Alto' in Europe, which is sold under the brand A-Star in India.
Festivals also contribute to the rise in overall automobile retail sales, says dealers association.
The country's largest car maker Maruri Suzuki India on Friday said it has cut down production on most of its models this month due to slowdown in the market.
The Baleno cars covered in the recall include 17,231 export units.
Workers across Suzuki Motor Corporation's three subsidiaries in the country are standing firm on their decision to continue an indefinite sit-in strike at the company's Manesar facility.
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.
The Maruti Udyog board has approved the purchase of Suzuki Motor Corporation's shares in their joint venture Maruti Suzuki Automobile India Ltd for Rs 12 crore (Rs 120 million) and merge the arm with itself, the Lok Sabha was told on Thursday.
If the 'connecting rod bolt' is found defective, the company will replace the component free of cost.
Sources close to Maruti management said the company has agreed to reinstate the 11 workers whose services were terminated for instigating the strike.
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
The government is working on a recall policy.
Maruti Suzuki Celerio will now come equipped with ABS and airbags for all its variants.
The country's largest carmaker Maruti Suzuki on Tuesday said it plans to have an output of 15 lakh (1.5 million) units by 2015 to maintain its 50 per cent market share in the Indian car market.
Toyota's first standalone electric SUV, the Urban Cruiser Ebella, delivers strong range and performance with premium quality, but rear space and features could have been better, says Somnath Chatterjee.
The country's largest car maker Maruti Suzuki India (MSI) on Friday said it is recalling 1,81,754 units of petrol trims of various models, including Ciaz, Vitara Brezza and XL6, to replace faulty motor generator unit. This is the company's largest vehicle recall till date. As a responsible corporate, keeping in mind customer safety, the company has announced to proactively undertake a recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6, MSI said in a regulatory filing.
Alto, the Maruti brand synonymous with small cars, introduced the new generation K10 on Thursday, aiming to consolidate its position further amid shrinking demand for hatchbacks. With prices starting at Rs 399,000 and going up to Rs 533,500 (for manual transmission), the new model claims fuel efficiency of 24.90 km per litre. The Japanese car maker, which has been selling 100 Altos every hour for the last 22 years, had discontinued the model in February 2020.
The company, whose arm Maruti Suzuki is the largest passenger vehicles maker in India, asserted that it does not align with any political or religious inclination in any part of the world.
With 15 models and a market share of close to 50 per cent, it rules the Indian market, selling almost 1.5 million units every year, rolling out one model every ten seconds.
The country's largest passenger car manufacturer Maruti Suzuki India Ltd is planning to hike prices on rise in input costs.The company last raised prices in January 2009.
The country's largest car maker Maruti Suzuki India's 'completely made in India car' will hit the roads by 2012 and the company is likely to finalise the design within the next six months.
The Hayabusa from the Suzuki stable is an insane machine. But that is not the only motorcycle that the Japanese automaker produces. There are so many more, so let's take a quick journey through the iconic bikes made by Suzuki.
Among the Sensex firms, Mahindra & Mahindra jumped the most by 5.96 per cent. Bajaj Finance, Bajaj Finserv, Trent, ITC and HDFC Bank were also among the gainers. However, Maruti Suzuki India, Bharat Electronics, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said.
Two in every five Celerios being sold by Maruti are now equipped with the AMT technology.
Supporting the all India strike called by 11 trade unions, Suzuki Motorcycle India Employee Union President Anil Kumar said: "As many as 27 workers unions of different factories in the Gurgaon, Manesar, Dharuhera and up to Bawal have agreed to go on strike for a day. So, there will be no production at our plant tomorrow."
The country's largest carmaker Maruti Suzuki India will not "walk away" and fight to get back to 50 per cent market share in the domestic passenger vehicle segment, according to company Chairman R C Bhargava. The auto major, which is commemorating 40 years of operations, has seen its market share drop to 43.38 per cent in FY22 from a peak of 51.21 per cent in FY19. In order to get back its dominant leadership, the company plans to drive in models catering to both urban and smaller cities and rural areas.
EV manufacturers point out that converting a regular petrol car into a flex-fuel vehicle requires only about Rs 17,000-25,000 per unit, whereas developing an EV demands vastly greater investments in research, battery development, and localisation.
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.
Maruti's 7 models in India's top ten selling passenger vehicles in 2016-17
The company would decide on increasing the capacity and investment needed for the same in presence of its parent Suzuki Motor's chairman Osamu Suzuki
The auto major likely to start work for phase one of its Gujarat project within next three months.
It may not have a bold design but it addresses the needs for comfortable and affordable commuting.
