Maruti Suzuki India is eyeing a leadership position in the SUV segment as it continues to add new products across various sub segments, a top company official said on Wednesday. The country's largest carmaker has bolstered its presence in the high volume entry and mid level SUV segments with new Brezza and all new model -- Grand Vitara. "In every segment except SUV, we are the market leader by a distance. "It is only in the SUV that we are behind, so we need to catch up. Clearly, we have to become number one in the SUV space also," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an interaction on the sidelines of the global unveiling of Grand Vitara.
Morgan Stanley Sales & Trading, US, believes the stock is better value for money than others and has a upside as high as 73 per cent. A slowdown in the economy has hit demand and led to a fall in overall consumption in an auto market which till recently was one of the fastest growing in the world.
Out of the four, he said, two will be new models and two will be upgrades.
These cars are priced between Rs 12 lakhs (Rs 1.2 million) and Rs 20 lakhs (Rs 2 million).
Zomato on Monday became the first new-age company to join the prestigious 30-share benchmark Sensex, replacing JSW Steel. This milestone marks a significant achievement not only for Zomato but also for the Indian startup ecosystem, which is increasingly making its presence felt in the $5.2 trillion listed ecosystem.
Bringing curtains down on the glorious saga of the Maruti 800 model, Maruti Suzuki India has stopped production of the iconic car brand that had been carrier for millions of Indian middle class families, since last month, said senior official of the auto maker.
Maruti Suzuki India, the country's largest carmaker, may after all do what everyone expects it to: take on Ratan Tata's Nano with its own low-price car. For long, there has been a will-they-won't-they kind of speculation about how Maruti will protect its entry-level consumer base from the Nano, whose lowest variant is likely to cost Rs 1 lakh in some places and about Rs 1.26 lakh in some others. The higher variants may cost Rs 1.5 lakh or more.
The company has also exported over 3.8 lakh Alto cars to over 70 countries.
The workers resorted to a strike when five of them were suspended for 'allegedly assaulting a supervisor' on Wednesday.
Maruti says, WagonR is one of the top 5 brands in India.
Following the July 18 violence, in which a senior company official was killed and 100 others injured, Maruti Suzuki India had decided to do away with contract workers at its production line.
Find out changes Maruti Suzuki has made to its SX4 sedan that will hit the road soon.
Rise in prices of essential inputs increases cost of producing cars, making them less affordable.
The company also said production at its main plant at Gurgaon has been resumed after a two-day closure last week due to component supply constraints from Suzuki Powertrain India Ptd.
The Amaze, Honda's first diesel car in India, has seen several buyers line up for test drives and dealers struggling to meet increasing demand.
Aimed at strengthening its position in the compact car segment, country's largest car maker Maruti Suzuki India (MSI) on Thursday launched 'Celerio', priced between Rs 3.9 lakh and Rs 4.96 lakh (ex-showroom Delhi).
Taking a cue from success of Mahindra and Renault sports utility vehicles, Maruti Suzuki plans to launch two compact SUVs.
Led by Maruti Suzuki, Japanese cars stole the limelight at JD Power Asia Pacific 2004 award function with only the Tata Motors holding fort among Indian car markers with Safari
The carmaker has sought 1,292 acres at Industrial Model Township, Sohna, 25km from Gurugram.
MSIL has been asked to suggest a new formula.
Company has taken preliminary tests of 1,181 candidates from state ITI.
Among these will be all-new Swift and Dzire.
Maruti reversed geared this time and for the first time in history, designed a car from scratch to suit Indian conditions.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
The company had sold 92,161 units in the same month previous year, MSI said in a statement.
The company sold 1,97,685 units of Dzire in 2013-14 fiscal.
The company sold 1,97,685 units of Dzire in 2013-14 fiscal.
Compact segment sales rise 7.63%, mini segment registers 5.76% dip.
The sacked workers have constituted a seven-member provisional working committee.
Toyota, General Motors, Volkswagen, Ford, Honda, Renault, Hyundai, Suzuki and Nissan are among those who boast of production of a million unit or more every year.
Maruti Suzuki India is gearing up to introduce by the end of this year a new 800cc car that is likely to be more fuel efficient, but also more expensive, than its existing best selling model Alto.
Named ConceptFutureS, it is a uniquely styled compact car with distinct SUV like characters and will define the next generation of design for compact vehicles in India, the company said.
MSI launched the Alto in September 2000. The company then introduced a 1,000-cc version of the car, the Alto K10, in August 2010.
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
These risks would be significantly reduced if the cars had to comply with the UN test regulation for frontal and side impact.
Maruti Suzuki fears a drop in demand for the auto sector in FY 12
The 14-day-long strike at Maruti Suzuki India's Manesar's plant has been called off this morning following a tripartite agreement between the management, workers and the Haryana government.
Rolled out in a fleet of four, which comprises three petrol variants along with a CNG counterpart, the freshly redesigned Wagon R has much more than just an exterior upgrade to offer its buyers.
Hyundai's Grand i10 is a direct challenge to the Swift in the premium compact segment. Is it capable of dislodging the long-reigning Maruti Suzuki car from the top perch?
