Japanese auto giant Suzuki Motor Corporation on Tuesday said it plans to make India an export hub for its small cars, mainly for European and African markets.
Car market leader Maruti Suzuki India's July sales remained almost flat at 58,543 units as against 57,909 units in the same month last year.
As if unsatisfied by the success story of Maruti, the new chief of the Indian arm of Japanese auto giant Suzuki Motor Co's on Friday claimed it will overtake the parent company in the next two years.
SMILP, despite having an installed capacity to manufacture 100,000 vehicles, sold a little over half that number between April and December last year and 5,753 units in January 2007.
Maruti Suzuki India Ltd, the country's biggest carmaker, is set to play a larger role in the operations of parent Suzuki Motor and will contribute a third of the Japanese company's global sales by 2009-10, the Indian firm's managing director Shinzo Nakanishi said on Thursday.
HDFC Bank, Reliance Industries and ICICI Bank remained among the top mutual fund (MF) buys for the second consecutive month in September. MFs deployed a net of Rs 15,000 crore into these stocks during the two-month period (August-September), revealed Nuvama Alternative & Quantitative Research reports.
Get Ahead reader Ronak Gandhi has been driving Maruti Suzuki Ritz ZXi -- the first car that he and his wife bought -- since October 2009. He has sent us this review in response to our reader invite.
In a filing to the BSE, Maruti Suzuki India said HSBC Global Investments Fund Mauritius Ltd had sold 1,99,198 shares in the open market on June 29.
Maruti Suzuki says it has sold at least one car in 418,000 villages.
Ahead of this year's Budget, leading car manufacturer Maruti Suzuki on Monday asked the government not to roll back the entire stimulus package at once as it may hamper economic growth.
MSI is also looking to produce one million vehicles by the end of this fiscal.
Maruti Suzuki produced 9,66,069 cars from January to December 2009, up 27 per cent from the year ago.
Maruti Suzuki India Ltd is not contemplating any price raise, despite a 20-30 per cent surge in raw material prices in recent months.
The country's largest carmaker, Maruti Suzuki, on Tuesday said it expects sales to grow around 10 per cent in 2010.
Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.
Maruti Suzuki on Thursday reported 6.54 per cent increase in sales at 1,18,949 units for February. The company had sold 1,11,645 units in the same month last year.
Proclaiming India as a major success story, Japanese small car major Suzuki Motor Corp said the record sales achieved its premium hatchback model, Swift in the country 'easily topped' targets in its first year of launch.
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.
Lenders have become worried as some dealers were not using the money provided to them for car financing.
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
Hybrids have helped Maruti acquire leadership in SUVs, a segment that was never its forte. Toyota has also risen with the hybrid tide to clock its highest-ever annual sales in 2023.
Shinzo Nakanishi, the 65-year-old managing director and chief executive officer (CEO) of Maruti Suzuki India Ltd (MSIL), spent the better part of last week visiting and apologising to injured colleagues across half a dozen hospitals in Gurgaon, Haryana.
Supporting the all India strike called by 11 trade unions, Suzuki Motorcycle India Employee Union President Anil Kumar said: "As many as 27 workers unions of different factories in the Gurgaon, Manesar, Dharuhera and up to Bawal have agreed to go on strike for a day. So, there will be no production at our plant tomorrow."
The country's largest carmaker Maruti Suzuki India on Tuesday reported 17.8 per cent increase in net profit at Rs 802.2 crore (Rs 8.02 billion) for the third quarter ended December 31, 2014
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
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Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
In October, MSI recorded domestic sales of 96,002 units compared to 51,458 units in the year-ago period, registering a rise of 86.56 per cent, it added.
The company had sold 85,565 units in the same month last year.
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.
The name of the country's most popular car brand, Maruti Udyog Ltd, has been changed to 'Maruti Suzuki India Ltd' with effect from September 17.
Japanese automaker Suzuki on Wednesday announced an investment of Rs 500 crore (Rs 5 billion) to more than double its production capacity in India, to 5.4 lakh units per annum by 2012.
Maruti Udyog is all set to launch the Suzuki Swift in India.
Suzuki Motorcycle India Pvt Ltd plans to enter the premium segment motorcycle market in India with the launch of a 150cc motorcycle by next March. At present, the company has two motorcycles -- Suzuki Heat and Zeus - in the 125cc segment.
At present, MSI has a staff strength of 7,500 employees. Enrollment in the next fiscal will be higher than the 800 people recruited this fiscal by the company.
Suzuki chief Osamu Suzuki, on a visit to India, said that the companies would not only expand operations and production in the domestic market but gradually use it as a base for exports to other regions, primarily Europe.
The new version has LED daytime running lights and silver detailing to the lower front bumper.
Among the main gainers were Jio Financial Services which jumped 4.99 per cent, Tata Steel (2.09 per cent), Maruti Suzuki (1.87 per cent), M&M (1.31 per cent) and Infosys (1.19 per cent).
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