It expects 6-7 per cent sales growth in 2013-14.
Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 334,537 units in May 2023.
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.
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.
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.
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.
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.
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.
Some economists have said the industry's woes have shown signs of bottoming out.
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
The company will restart the production at the unit under heavy police presence.
It is looking out for new markets to increase exports.
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.
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.
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.
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.
Eon wins in design and style. Alto is powerful and cheaper.
India, also referred as a hub for small cars, has umpteen hatchbacks running on its roads.
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.
Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
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.
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).
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.
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.
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.
India's largest car maker Maruti Suzuki on Saturday raised car prices of most of its models
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.
Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country's biggest-ever maiden share sale. The Indian arm of the South Korean carmaker Hyundai Motor Company (HMC) allotted 42.4 million shares to 225 funds at Rs 1,960 apiece, the higher end of its price band. Among the investors receiving allotments were the Singapore government's sovereign wealth fund (GIC), New World Fund, and Fidelity.
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.
Maruti ready to upgrade safety features.
Maruti announced 10,000 pre-bookings for Ciaz of which 60 per cent was for diesel models.
Even India's largest passenger carmaker in Maruti Suzuki best known for its hatches, sedans and vans, could not resist the temptation to announce its upcoming MPV.
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.
The Japanese giant will also consider increasing its capacity, which could mean a new plant or expansion of existing units, after its ongoing expansion to 500,000 vehicles is completed in phases.
So at the beginning of the current financial year when the domestic automobile industry started to depict the first signs of a slowdown, MSIL resolved to intensify focus on such niche segments to bring in the additional numbers.
Maruti Suzuki, the country's largest manufacturer of passenger vehicles, has said its net profit has dipped by 54.27 per cent to Rs 213.57 crore for the quarter ended December 2008. The net profit for the same period last year stood at Rs 467.04 crore. The third quarter net profit dip is the lowest in the last four years.
Maruti Suzuki India has hiked prices of its diesel cars by up to Rs 10,000 with effect from Monday on account of higher input costs and appreciation of Japanese yen.
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.
Six cars slug it out for supremacy.
Top HR minds in India, including Santrupt Misra of Aditya Birla Group, Satish Pradhan of Tata Sons, P Dwarakanath of Max India, Aquil Busrai (ex-IBM India) and Price Augustine of Mahindra & Mahindra and Pankaj Bansal of People Strong were among those who brainstormed with Maruti Suzuki India chief operating officer (administration) S Y Siddiqui last week.
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