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.
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.
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.
For UK automakers, market access to India will be limited by quantity caps and phased tariff cuts, especially on petrol, diesel and electric vehicles.
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 auto major likely to start work for phase one of its Gujarat project within next three months.
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
Developed in-house, the 1.5-litre engine comes mated with six-speed transmission and offers improved performance.
Car owners in India had fewer problems with their new vehicles, with the JD Power Asia Pacific Satisfaction Index Study revealing that eight of the 11 manufacturers had improved their performance.
From the Sensex stocks, Maruti Suzuki India, Tata Motors, JSW Steel, Larsen & Toubro, Tata Steel, Mahindra and Mahindra, Tata Consultancy Services, Tech Mahindra, HCL Technologies and Infosys were the laggards. HDFC Bank, Sun Pharmaceuticals, Kotak Mahindra Bank, Nestle India and Asian Paints were among the gainers.
Workers want a union, while Maruti wants a 'Good Conduct Bond.' Both refuse to give in to each other. The real issue, however, is something else.
Analysts say in spite of its recent recall of 100,000 Swift, Ertiga and Dzire cars, Maruti's outlook remains stable.
The surge in diesel vehicle demand has prompted the companies to explore options such as developing new engines as well as buying these from other companies.
The country's largest car-maker Maruti Suzuki India on Monday reported a 63.6 per cent fall in net profit for the quarter ended December 31, 2011, to Rs 205.6 crore (Rs 2.05 billion).
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.
From the Sensex pack, Tata Consultancy Services, HCL Technologies, Tech Mahindra, Infosys, Tata Motors, Bajaj Finance, Kotak Mahindra Bank, Mahindra & Mahindra, Bharti Airtel and Maruti Suzuki India, Tata Steel were the major laggards. PowerGrid, Sun Pharmaceuticals, UltraTech Cement, NTPC, Asian Paints, Nestle India, Titan, IndusInd Bank and Axis Bank were among the gainers.
The 1MW solar power plant has been set up at an investment of Rs 10.3 crore (Rs 103 million) and was commissioned this month, the company said in statement.
Having learnt lessons from the past with Baleno and SX4 models, the company is preparing to aggressively tap customers who are looking to upgrade, with the Ciaz, on which it has invested Rs 620 crore (Rs 6.2 billion) on development.
Top corporates and banks, including Bharti Airtel, Maruti Suzuki, SAIL and SBI, have paid lower advance taxes during the July-September quarter reflecting the impact of slowdown.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
Company executive says 10-15 per cent of production has been affected.
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 340,784 units, a growth of 3.67 per cent compared with 328,710 units in June 2023.
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
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 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.
Workers rally in support of sacked employees at Manesar
Jagdish Khattar loves to be contrarian. When pondering options, his beady eyes acquire a glint as he wonders aloud how to go against prevailing wisdom. This often shows up in the way he runs Maruti Suzuki India -- that is what Maruti Udyog now calls itself -- the country's largest car maker.
From the Sensex pack, Tech Mahindra, HDFC Bank, Larsen & Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan and HCL Technologies were among the gainers. Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards.
This is Maruti's first experiment with hybrid technology.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
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.
From the 30-share Sensex pack, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Asian Paints, Infosys and Maruti Suzuki were the biggest laggards.
To be badged the Opel Agila for Europe, the Splash might also be produced in India by Maruti Suzuki for their export commitment to Nissan Europe, totalling 50,000 units.
It has a variant with automatic transmission that costs Rs 380,000.
It will house the company's first diesel engine developed for markets like India.
Maruti Udyog Ltd on Wednesday said it would invest a total of Rs 3,271.9 crore (Rs 32.71 billion) for a new car manufacturing plant
Maruti Suzuki had discontinued the mid-sized sedan Baleno in 2006, which was replaced by SX4 later on.
