The final blueprint of the multi-crore global tie-up between Volkswagen and Suzuki Motor Corporation has started to unfold, with Maruti Suzuki looking at becoming an original equipment maker in cars for the German automaker for markets outside India.
Maruti Suzuki chairman RC Bhargava has said that reducing carbon emissions does not require making a choice between hybrid and electric cars, and that both can play key and complementary roles if the government wants to achieve its aggressive emissions target. Responding to the fact that the sales numbers of hybrid cars have been higher than electric cars in the last quarter of 2024, Bhargava pointed out: "It has never been about electric versus hybrid. "Both have a clear role to play. By 2030 we expect electric car penetration to be around 20 per cent.
The two car companies have one of the most prominent hatchbacks in the premium segment namely, Maruti Swift and Honda Jazz.
Around 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 5,400 units, so far.
The country's largest car maker Maruti Suzuki India on Tuesday said its sales may be hit if strike at its Manesar plant prolongs, while it has already incurred production loss of about 3,000 units till the 4th day of stir by workers.
The company, which produced 92,653 units in September 2012, however, had sold more cars this year in the same month.
Passenger vehicle dispatches from companies to dealerships witnessed an increase of 1.6 pc year-on-year in January at 399,386 units driven by robust demand for utility vehicles, industry body SIAM said on Thursday. It was the highest-ever passenger vehicle dispatch for the month of January.
The company said the price rise is effective from April 4 across the country.
From the Sensex stocks, Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki India and Reliance Industries were the major gainers. In contrast, Mahindra and Mahindra, Tata Steel, Bajaj Finserv, State Bank of India, Larsen & Toubro and Tata Motors were the laggards.
Tata Motors on Friday said it will hike the prices of its passenger vehicles, excluding the Nano, by up to Rs 36,000 from April 1, to offset rising input costs.
The union is organising a protest rally this afternoon at Gurgaon against the sacking, apart from making other demands.
The Ertiga model will be launched in both petrol and diesel versions.
The company sells a range of models starting with the small car M800 to the luxury sedan Kizashi, which are priced between Rs 204,000 and Rs 17.5 lakh or Rs 1.75 million (ex-showroom Delhi).
With the impasse that started on August 29 continuing, the company said it brought in 50 more ITI-trained and experienced workers at the plant.
Sales of the Maruti's mini-segment cars such as M800, A-Star, Alto and WagonR, fell by 15.87 per cent
The country's biggest car maker Maruti Suzuki India on Monday reported 27.4 per cent decline in car sales during November at 47,103 units compared to 64,885 units in the same month last year.
Apple Inc's iPhones assembled in India achieved market revenues of Rs 162,000 crore. Tata Steel's revenue for the same period was Rs 162,324 crore.
The new body -- Maruti Suzuki Workers' Union -- has received its registration number from the Haryana Labour Department this week and the company has also decided to recognise it for any future negotiations at the plant.
It will introduce new cars across segments and also target rural India to push up sales.
The recently anointed managing director and chief executive officer at Maruti Suzuki India Ltd tells Business Standard how he intends to get back to over 50 per cent share in the domestic market, apart from a larger role in the parent's global operations.
The company said its domestic sales increased by 0.7 per cent at 56,411 units as against 56,000 units in June last year. It said the A2 segment, comprising Alto, Zen Estillo, Wagon R and Swift registered a marginal growth of 0.3 per cent at 37,767 units, against 37,646 units in the same month last year.
The country's top carmaker Maruti Suzuki India (MSI) on Wednesday said it has decided to advance maintenance shutdown at its two Haryana-based manufacturing plants by a month amid a surge in the COVID-19 cases across the country. The auto major was supposed to take the shutdown at its two plants in Gurugram and Manesar in June, but due to the tsunami of COVID-19 cases, it decided to take it one month earlier to save oxygen for medical needs. MSI noted that as part of the car manufacturing process, it uses a small amount of oxygen in its factories, while relatively much larger quantities are used by the manufacturers of components.
Benchmark stock indices Sensex and Nifty jumped over 1 per cent on Wednesday amid foreign funds turning net buyers of domestic equities after a long gap and positive opening in European stock markets. The 30-share BSE benchmark index climbed 616.62 points or 1.16 per cent to settle at 53,750.97. During the day, it rallied 684.96 points or 1.28 per cent to 53,819.31.
The carmaker has managed to significantly improve its product mix in the past two-three years by successfully launching sedans, utility vehicles and premium hatchbacks.
Maruti Suzuki India reported on Thursday a 14.96 per cent rise in its domestic sales during October 2007, at 64,258 units against 55,894 units in the same month last year. The company's exports during the month grew 20.8 per cent at 5,157 units compared to 4,269 units in October a year ago.
Maruti Suzuki had discontinued the mid-sized sedan Baleno in 2006, which was replaced by SX4 later on.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
With seven models to choose from, it can get quite confusing.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
The ceremony for conferring the award will be held at the Imperial Palace in Tokyo on November 7, according to a statement by the Embassy of Japan in New Delhi.
Rebutting reports that the company is "moving out of Haryana and shifting its base to Gujarat" after its decision to purchase land in Gujarat, MSI said: "The company's plan to invest in Gujarat started much before the industrial unrest situation at Manesar."
The company has been gradually ramping up production at the plant, which had been locked out for a month following the July 18 violence in which one senior official was killed.
About 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 3,000 units till Tuesday and the value of the loss is estimated to be about Rs 150 crore (Rs 1.5 billion).
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
The country's largest car maker, Maruti Suzuki India, on Tuesday said it, along with vendors, could invest up to Rs 18,000 crore (Rs 180 billion) in Gujarat as it looks to produce about 20 lakh (2 million) units in the long run in the state.
The amount would depend on the time period that would elapse from the start to when capacity reaches 1.5 million cars
Maruti Suzuki India, country's largest car maker, on Wednesday said it will increase the prices of its entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of rupee.
The country's largest carmaker Maruti Suzuki India on Thursday said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. Honda Cars India and Volkswagen India said they, too, are contemplating the same.
Indian car major Maruti's Japanese parent Suzuki on Wednesday said it will sell 19.9 per cent stake to Germany's Volkswagen for about $2.5 billion (about Rs 11,500 crore).
