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.
For UK automakers, market access to India will be limited by quantity caps and phased tariff cuts, especially on petrol, diesel and electric vehicles.
Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said on Friday. The passenger vehicle registrations last month stood at 302,214 units, as compared to 311,908 units in May 2024.
The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. As per the industry sources, various domestic suppliers have already sought approval from the Chinese government through their local vendors in China.
Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.
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.
Celerio was launched at a time when the Indian automotive market was going through a transition.
India's used car market, which has been growing steadily at 10-12 per cent over the last 2-3 years, is expected to reach $40 billion in FY26.
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.
India's largest car maker Maruti Suzuki on Saturday said its sales in October has dipped seven per cent at 64,490 units, against 69,415 units in the same month last year.
In a filing to the BSE on Monday, Maruti Suzuki India said Suzuki Motor Corporation's stake in MSI has increased to 56.2 per cent from 54.2 per cent due to a share swap agreement with the domestic car market leader to acquire Suzuki Powertrain India Ltd.
Selected applicants will receive a monthly stipend of Rs 4,500 from the government and an additional Rs 500 from participating companies as a part of the Prime Minister Internship Scheme (PMIS) 2025.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
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.
Car purchases in India are largely limited to the top 12 per cent of households with an annual income exceeding Rs 12 lakh, while even small cars have become unaffordable for the remaining 88 per cent, said R C Bhargava, chairman of Maruti Suzuki India Limited (MSIL), on Friday. "How can you get high car sales growth if 88 per cent of the country are below the levels of income where they cannot afford these cars costing Rs 10 lakhs and above?
Singh's humility and grounded nature were highlighted in a heartfelt social media memoir by Uttar Pradesh Minister of State for Social Welfare (Independent Charge) Asim Arun.
The company had posted a net profit of Rs 465.85 crore (Rs 4.65 billion) in the April-June period in 2008, Maruti Suzuki India said in a filing to the Bombay Stock Exchange.
India's biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to chip shortage. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent. Owing to a supply constraint of electronic components due to semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt Ltd. (SMG) in Gujarat.
Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 2.04 per cent increase in its consolidated net profit for the second quarter at Rs 1,419.6 crore on the back of higher sales. The auto major had posted a net profit of Rs 1,391.1 crore in the July-September quarter of the previous fiscal.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
The Baleno is among the top selling cars with unserviced bookings of 55,000 units.
Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
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
Osamu Suzuki, the man who took a risk and bet on India when no one else believed in having a viable automobile company in the country, has died at the age of 94, according to information shared by Japan's Suzuki Motor Corporation on Friday.
Maruti Suzuki India said it would be investing Rs 1,250 crore (Rs 12.50 billion) to double capacity at its K-series petrol engine unit in Gurgaon to 500,000 by 2012.
The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported 6.14 per cent decline in consolidated net profit at Rs 1,241.1 crore for the fourth quarter ended March 31, 2021. The auto major had posted a net profit of Rs 1,322.3 crore in January-March quarter of 2019-20, MSI said in a regulatory filing. However, revenue from sale of products stood at Rs 22,959.8 crore as compared with Rs 17,187.3 crore earlier, up 33.58 per cent.
The appointment will be effective from April 1.
Maruti's results and the investor response indicate that quite a few stocks in the auto sector could be on the verge of a big bounce, says Devangshu Datta.
A law graduate from Osaka University, Ayukawa has been associated with Suzuki Motor for over three decades.
LIC sold a total of 58,29,103 shares of the company aggregating 2.018 per cent stake between August 24, 2009 and November 11, 2012 through the open market, Maruti Suzuki India said in a filing to Bombay Stock Exchange.
In what would be a generational change in its engine technology, India's largest car manufacturer Maruti Suzuki has decided to introduce the new K-series petrol engine in all its cars in India in the next three to five years, according to the company's annual report for 2007-08.
The country's largest car maker Maruti Suzuki India on Monday said its cumulative exports have crossed one million units with the milestone car headed for Denmark.
The country's largest carmaker, Maruti Suzuki, on Thursday reported 9.95 per cent decline in sales during December last year at 56,293 units against 62,515 units in the same month of 2007.
The domestic car sales volume of the company is also growing at 15%
Maruti Suzuki India on Monday said the production at its plant in Gurgaon has been impacted due to strike at Suzuki Powertrain India Ltd (SPIL), which supplies engines to MSI.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
MSIL, which currently has a subscription service that allows customers to lease its petrol-run and strong hybrid vehicles on a flexible, long-term basis without ownership commitments, will introduce a leasing service as well.
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