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.
The company sold 62,515 vehicles in December 2007 which includes 4,114 units of exports
From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
From the Sensex basket, ITC, Kotak Mahindra Bank, Bharti Airtel, State Bank of India, Asian Paints, Tech Mahindra, Reliance Industries and Nestle were the major gainers. Maruti, HDFC Bank, Larsen & Toubro and Mahindra & Mahindra were among the laggards.
The car will rival Honda City, Hyundai Verna, VW Vento and Skoda Rapid.
Leading carmaker Maruti Udyog on Tuesday kicked off a new 'loyalty bonus' programme for its existing customers in a fresh attempt to boost car sales.
India's largest car-maker Maruti Suzuki India Ltd on Monday announced a fresh investment of US $1.8 billion to achieve its target of producing one million cars by 2010-11. The bulk of Maruti's fresh investment will be in a research and development facility, for which the company has applied to the Haryana government for 500 acres of land near Manesar.
Among Sensex firms, HDFC Bank climbed more than 2 per cent. TCS, Maruti, Infosys, Reliance Industries and Bharti Airtel were among the major gainers. State Bank of India, JSW Steel, ITC, Tata Motors, UltraTech Cement and Nestle were among the laggards.
The offer covers the Ritz, Swift, Swift Dzire and Ertiga, and is valid until May 24.
Among Sensex shares, Tech Mahindra fell by over 6 per cent after the company reported a 60 per cent decline in net profit to Rs 510.4 crore in the December quarter. Bharti Airtel, ITC, HCL Technologies, Asian Paints, Wipro, HDFC Bank, Nestle, Tata Steel, Tata Consultancy Services and Maruti were among the other major laggards. NTPC, ICICI Bank, IndusInd Bank, Reliance Industries, JSW Steel, Bajaj Finance, Bajaj Finserv and Mahindra & Mahindra were among the gainers.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
A-Star has been developed by Maruti Udyog and its Japanese parent, Suzuki Motor Corporation for the global markets.
The limited edition Dzire 'Regal' variant will be priced at Rs 5.60 lakh.
Even as Maruti Suzuki's once bread-and-butter M800 model is seeing interest wane among buyers in India, demand for the country's once most iconic car has shot up in markets abroad.
Maruti Udyog Ltd, India's biggest carmaker, has posted a 69.8 per cent rise in sales in July 2003, helped by a continued spurt in demand for the entry- level model 'Maruti-800'.
For a contiguous plot, the company may need to pay almost three times more for 40 acres at Hansalpur.
Maruti Suzuki India is facing stiff resistance from private sector mutual funds and insurance companies, which own almost 7 per cent of the company, for its decision to allow Suzuki to make cars for the Indian car-maker at a proposed plant in Gujarat instead of manufacturing vehicles itself.
The country's largest carmaker, Maruti Suzuki India (MSI) on Friday reported a 4.5 per cent increase in total sales at 1,53,435 units in October.
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.
Maruti Suzuki expects a pick-up in demand for petrol cars, even as the diesel segment continues to clock strong volumes. It is also trying to grow exports.
The dealers have started accepting bookings for Rs 10,000.
Among the Sensex firms, Kotak Mahindra Bank, Axis Bank, Bharti Airtel, Sun Pharma, HCL Technologies, Mahindra & Mahindra, Titan and Tata Consultancy Services were the biggest gainers. UltraTech Cement, NTPC, Maruti, JSW Steel, Power Grid and Tata Motors were among the laggards.
Among the Sensex constituents, as many as 16 stocks closed with losses with Nestle India, Kotak Mahindra Bank, IndusInd Bank, Bajaj Finserve, Titan and JSW Steel being the major laggards. Index major Reliance, Hindustan Unilever, Maruti and Tata Steel also declined due to selling pressure. In contrast, NTPC, TCS, Tech Mahindra, Bajaj Finance bucked the trend and ended the day in green. Axis Bank, Bharti Airtel, Mahindra & Mahindra and Tata Motors also defied the trend.
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 announced 10,000 pre-bookings for Ciaz of which 60 per cent was for diesel models.
Although rising interest rates threaten to push passenger cars to the middle lane, Maruti Udyog is geared to continue on the fast track with its new car models.
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore. Recovering after a sell-off in early trade, the 30-share BSE Sensex climbed 486.50 points or 0.66 per cent to settle at 74,339.44 on Thursday. During the day, it surged 718.31 points or 0.97 per cent to 74,571.25.
The government has decided to go slow on sale of its remaining shares in Maruti Udyog and complete the process by next fiscal as stock markets remain uncertain.
The company is voluntarily undertaking a recall for WagonR (1 litre) manufactured between November 15, 2018, and October 15, 2019, and Baleno (petrol) manufactured between January 8, 2019, and November 4, 2019, MSI said in a regulatory filing.
The previous highest sales figure stood at 1,08,006 units in September 2010. It was also for the fifth time in this fiscal that the company's monthly sales crossed the one lakh mark.
Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.
India's largest automobile manufacturer, Maruti Suzuki is planning to launch the company's entry-level sports utility vehicle, Jimny in the country by the year-end.
'It will take some more time because the affordability of these cars have changed drastically.'
Maruti has chosen to call the S-Cross as a premium crossover, which is evident once you look at the hatchback-like profile of the vehicle.
State Bank of India was the biggest gainer in the Sensex pack, rising 4.24 per cent, followed by Tata Steel, Axis Bank, Maruti, NTPC, PowerGrid, ITC and Nestle India. Reliance jumped 1.15 per cent to end at Rs 2,962.60 apiece on BSE.
Sales for the same month previous year were at 84,804 units, Maruti Suzuki India said.
Among the Sensex firms, Bajaj Finance jumped 4.44 per cent and NTPC rose over 3 per cent. IndusInd Bank, Axis Bank, Tata Motors, Nestle, Power Grid, Infosys, Bajaj Finserv and HDFC Bank were the other major winners. HCL Tech, Mahindra & Mahindra, Maruti and Hindustan Unilever were among the laggards.
Sensing stiff competition from Maruti Suzuki with the all-new Alto 800 with an aggressive price tag, Hyundai and Tata Motors announced deep price cuts and launch of new special edition variants, respectively to beat the market leader.
