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.
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.
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.
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 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.
The overall winners in the National Rally Championship will drive away with top models from the company's stable.
Along with the M800, MSI will also be phasing out its second oldest model, the utility van Omni. In the initial phase, the two models will be done away with in 11 cities from next year, where the Bharat Stage-IV emission norms (which is equivalent to Euro-IV norms) will become applicable. The company would not upgrade the engines of these two models to meet better emission standards, he said while also ruling out their replacements.
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.
Worried over the large scale violence on Wednesday that claimed the life of a senior official, Maruti Suzuki India may be considering a lockout as one of the options for now.
One person was killed and at least 40 were injured on Wednesday in a clash between workers and the managerial staff at the Maruti Suzuki India's Manesar plant in Gurgaon, forcing stoppage of work.
Six cars slug it out for supremacy.
Leading car maker Maruti Suzuki India Ltd on Thursday reported a 22.37 per cent increase in domestic sales in April at 59,539 units as compared to 48,652 units in the same month last year.
Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022 led by the likes of Maruti Suzuki, Hyundai and Tata Motors as the companies rode on easing of pandemic related challenges and semiconductor shortages to cash in on pent up demand, specially for SUVs. Other manufacturers like Toyota Kirloskar Motor and Skoda India also reported record sales in 2022. "The industry wholesales in January to December 2022 were just short of 38 lakh units.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
With the domestic automart showing signs of correction, the country's largest car maker Maruti Suzuki India (MSI) is looking at strengthening its back-end operations by asking vendors to increase efficiency, besides building their own research and development capabilities.
The Manesar plant rolls out about 1,200 units every day in two shifts.
Dealers said the discounts this March are higher than the same month in the previous year.
According to the organising committee of the Commonwealth Games, orders have been placed with Tata Motors for nearly 1,800 cars during the games and some more cars, jeeps and trucks for the Queen Baton Relay that would commence its nationwide run from June 25.
The largest carmaker in India, Maruti Suzuki, launched the new variant of Ritz at the beginning of the New Year priced at Rs 615,000. If you wondering what special about the car; it's the automatic transmission, which is offered with VXI petrol variant. And it's good.
Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
The state transport department recently announced to give permit to 3,000 new taxis.
The company has 828 sales outlets and there are plans to double them in the next five years, general manager (marketing and sales) Partho Banerjee told reporters in Kochi.
Maruti Suzuki India to hike prices of its vehicles across models by up to Rs 20,000 from January to offset rising costs.
Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
The country's largest carmaker Maruti Suzuki India is recalling about one lakh units of its flagship export model 'A-Star' to replace a faulty fuel pump part. The company is replacing a faulty rubber gasket in about one lakh cars -- manufactured before August 2009 and sold in domestic as well as overseas markets, to prevent any possible fuel leakage.
The amount would depend on the time period that would elapse from the start to when capacity reaches 1.5 million cars
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
The concept XA Alpha showcases the unified R&D of Suzuki Motor Corp and Maruti Suzuki India.
Maruti Suzuki India Ltd (MSIL) is planning to offer low-cost houses to its 5,000 employees, as it tries to walk the extra mile to improve relations with workers.
Maruti Suzuki India on Wednesday said it will reorient the production of 'Swift' and 'DZiRE' in its two facilities at Gurgaon and Manesar to enhance output. As per the plan, the company will shift the entire assembly of its sedan 'DZiRE' to the Gurgaon plant by around July next year.
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.
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
India's largest passenger car maker, which witnessed around 4 per cent growth in its sales to touch 410,120 units during April-October 2008 compared to the year-ago period, has seen considerable success in attracting new customers through a multi-pronged strategy, including aggressive marketing campaign aimed at rural markets, corporate customers and central government employees and certain cost-cutting measures.
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator Sebi's approval to float an initial public offering (IPO), people familiar with the development said on Wednesday. This development marks a significant milestone for the Indian industry, as it is the first automaker initial share-sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003.
Wagon R's sibling is out with additional features new body graphics, new wheel cover design, rear spoiler, bumper rub rails, body rub rails at the rear and front end, on the exterior level of the car.
Maruti Suzuki has asked its 200-odd vendors to cut their component costs by three per cent across the board in this financial year.
