Suzuki will produce EVs for the Indian market and will supply some of them to Toyota, which will provide technical support.
The quality of cars manufactured in India continued to improve with problems reported by customers dropping in all categories, a study by JD Power Asia Pacific has said, while the country's leading car maker Maruti Suzuki emerged at the top in the 'I
Wants to cut inventory due to slowing sales.
The company had sold 1,58,076 units in March last year, Maruti Suzuki India said in a statement. Domestic sales declined by 46.4 per cent at 79,080 units last month as against 1,47,613 units in March 2019, it added.
Maruti Suzuki is the latest auto major in the country preparing for trading in carbon credits.
Although the new Wagon R will be costlier by about Rs 10,000 across variants from the outgoing version, it will be more fuel efficient by 8 per cent at 20.51 kmpl.
Maruti Suzuki India Limited (MSIL), the country's largest car maker, has initiated a service campaign to inspect a probable fault and replace a part of the clutch operation system in the Ciaz, its mid-size sedan.
Eon has enough substance to disrupt Alto's free run.
It expects 6-7 per cent sales growth in 2013-14.
With rising petrol and diesel prices driving up demand for its CNG vehicles, the country's largest carmaker Maruti Suzuki India plans to widen its CNG portfolio by offering the fuel option in four more models 'very shortly', according to a senior company official. The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem "to find out what is the best way of evolution" to be able to offer affordable EVs with hassle free charging infrastructure in order to clock high volumes for a sustainable business.
After having sustained huge losses due to a spate of violent protests by workers since 2011, the company is putting in place measures to prevent a repeat.
It's not only the Indian markets that command a valuation premium over their global peers; shares of subsidiaries of India-listed multinational companies (MNCs) also trade at rich valuations compared to their parent companies. An analysis of 12-month forward price-to-earnings (P/E) and price-to-book (P/B) multiples of domestically listed MNCs shows that most quotes have a premium ranging from 2.1x to 6x that of their parent. Similarly, P/B, in most cases, is significantly higher in the domestic market.
Going all out to market the all new Alto 800, pricing the base variant of the new car lower than the outgoing model, Maruti Suzuki India Ltd (MSIL), today said it will start exporting the car from Gujarat's Mundra port from December this year. The first export market is likely to be Chile in South America.
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023.
The country's largest car maker, Maruti Suzuki India (MSI), is looking to regain lost ground in the small car segment with the launch of a completely new version of its erstwhile best- selling model Alto.
The company also said it could consider increasing the production capacity beyond 10 lakh (Rs 1 million) units a year after completing the ongoing re-alignment between the two facilities in Gurgaon and Manesar.
As expected, land prices in the region have shot through the roof in the last three to four months, rising about 12 times compared to prices a couple of years earlier.
From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers. Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.
The company will restart the production at the unit under heavy police presence.
The company said it will inspect the steering column for 1,492 vehicles -- Ertiga: 306 units, Swift: 592 units, Dzire: 581 units and A-Star: 13 units manufactured between October 19, 2013 and 26th October 2013.
It is looking out for new markets to increase exports.
Some economists have said the industry's woes have shown signs of bottoming out.
Eon wins in design and style. Alto is powerful and cheaper.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
The salaries for the top management, which was already better off, have gone up many times whereas wages at the bottom have marginally increased thereby widening the gap between the rich and the poor.
With the standoff between the management and labour that started on August 29 continuing, the company had brought in 50 ITI-trained and experienced workers on Monday at the plant taking the total workforce to 1,100 people.
Hit by worst ever violence in its history, the country's largest car maker Maruti Suzuki on Friday said it is considering to deploy advanced safety measures forits employees at the Manesar plant.
Maruti Suzuki, the country's largest car manufacturer, on Monday indicated that it planned to launch a 660 cc car in the coming years. In Japan, the 600 cc range includes the Cervo Mode and the Alto.
India, also referred as a hub for small cars, has umpteen hatchbacks running on its roads.
The country's largest car producer -- Maruti Suzuki -- is caught in a cleft. There is growing demand for its cars, but it does not have sufficient production capacity to feed this demand. To top that, this capacity constraint is not likely to be lifted before 2012.
South Korean carmaker Kia was on Tuesday declared the top mass-market performer in the overall customer experience index (CEI), an annual survey done by the Federation of Automobile Dealers Associations (Fada) to assess and quantify customer experience across 97 parameters related to sales, product, and after-sales quality. Fada conducted this survey in collaboration with consulting firm Frost & Sullivan, with a sample size of 8,685 respondents.
Car market leader Maruti Suzuki India on Monday reported 24.1 per cent increase in net profit for the quarter ended December 31, 2007, at Rs 467 crore (Rs 4.67 billion).
India's largest car maker Maruti Suzuki on Saturday raised car prices of most of its models
Maruti Suzuki Chairman R C Bhargava admitted the company had "slipped up" by not informing the press on the recall of 100,000 A-Star vehicles, which began last December, even as the market gave a thumbs up to the car maker with shares going up 2.38 per cent to close at Rs 1,368.65.
The clout of Aituc and other unions in Haryana's automobile heartland will depend crucially on whether they manage to get a foothold in the country's largest car company.
In the domestic market, sales grew by nine per cent at 64,857 units as against 59,539 units in April last year, while exports grew by 146 per cent at 6,891 units as against 2,797 units last year, the company said in a statement. This is the fourth consecutive month of sales crossing 70,000-units mark, it added.
The country's largest car maker, Maruti Suzuki India, on friday reported 18.33 per cent decline in its net profit after tax for the quarter ended March 31, 2009, at Rs 243.13 crore (Rs 2.43 billion) as against Rs 297.68 crore (Rs 2.98 billion) in the same period previous year.
Auto maker Maruti Suzuki plans to position its upcoming car 'Ritz' at the upper end of the compact car segment that will be powered with a 1197 cc engine.
The country's largest carmaker Maruti Suzuki India on Wednesday said its flagship export model, A-Star, has crossed one lakh-mark of overseas shipments in less than a year of selling the car in the global markets.
Maruti ready to upgrade safety features.
