India's leading carmaker, Maruti Suzuki India (MSI) has asked the government of India to work to exclude the auto sector in the country from the preview of the proposed Free Trade Agreement (FTA) between India and European Union (EU).
India's leading carmaker, Maruti Suzuki India has said that it has recorded a fall of 3.1 per cent in sales during the month of April compared to the same month of the previous year.
The company was able to sell 97,302 units during April, 2013 compared to a total of 1,00,415 units sold during April of 2012. Maruti Suzuki India (MSI) said in a statement that its total domestic sales rose slightly to 90,523 units during the month compared to 90,255 units sold in April, 2012.
Chennai, May 1 : Indian car market leader Maruti Suzuki India Ltd closed last month with three percent lower sales compared to what it sold in April 2012, the company announced Wednesday.
The company said in a statement that it sold 97,302 units (domestic 90,523 units, exports 6,779 units) last month, down from 100,415 units (domestic 90,255 units, exports 10,160 units) sold in April 2012.
Maruti Suzuki logged sales growth in the mini (M800, A-Star, Alto, WagonR) and the super compact cars (Dzire) segments while compact cars (Swift, Estilo, Ritz), mid-sized (SX4), utility vehicles (Ertiga Gypsy, Grand Vitara), vans
Maruti Suzuki, the leading carmaker in the country, has said that it has recorded an increase of 80 per cent in net profit during the fourth quarter of the financial year 2012-2013.
Experts said that the impressive 80 per cent rise in profits due to absorption of Suzuki Powertrain India Ltd (SPIL), large other income of around Rs. 400 crore and unusually low tax rate of 16 per cent. It is also believed that the company might not be able to sustain such high growth in the coming quarters.
India largest carmaker, Maruti Suzuki has said that it has recorded an increase of 80 per cent in net profit during the fourth quarter of the financial year 2012-2013.
The company recorded a rise of 79.4 per cent jump in its standalone net profit to Rs 1,147.5 crore during the fourth quarter from January to March, 2013. Maruti Suzuki India (MSI) said in a statement that the company had recorded a net profit of just Rs 639.8 crore during the same quarter of the previous year.
India's leading automaker, Maruti Suzuki has announced the launch of a limited edition variant of its popular Dzire model called, Dzire Regal in the Indian market.
The company launched the special edition model to mark the fifth anniversary of the Dzire in Indian market. The special edition variant has changes on the interior as well as on the exterior and it will be powered by the same The 1.2-litre K series 87PS petrol engine. The new variant is offering a new Serene Blue colour to the customers and the grille, fog lamps and ORVMs now have a silver-finish.
Gurgaon April 18 : Passenger car market leader Maruti Suzuki's Swift Dzire and Ertiga cars have been awarded the India Design Mark Award, a company official said here Thursday.
The award is given to products which are trustworthy, reliable, offer value for money, and most importantly, are manufactured in a responsible manner, a Maruti Suzuki spokesperson said.
This is the second consecutive year when this award has been bestowed on Maruti Suzuki models. In 2012, the company's Wagon R and Swift were the winners of this award.
CLSA, the leading Asia-pacific focused international brokerage firm, has boosted the prediction for Maruti's earnings before interest, tax, depreciation and amortisation (EBITDA) by 490 bps.
CLSA said that the Indian automaker will gain from new launches and weakness in Yen. Maruti Suzuki's exposure to Yen is about 20 to 25 per cent, according to experts. There are indications that the company will be able to improve margins by reducing the costs of importing auto parts from Japan. The Yen fell to its lowest level in three years on Friday.
New Delhi, April 2 : Maruti Suzuki logged 4.8 percent lower sales in March as compared to the corresponding month of 2012.
A company statement Tuesday said it sold 119,937 units last month from 125,952 units sold in March last year.
The domestic sales of the passenger car major fell by 4.3 percent at 107,890 units from 112,724 units in the corresponding month of 2012.
Exports fell by 8.9 percent at 12,047 units from 13,228 units shipped out in March, 2012.
According to the company, its sales for the last fiscal grew by 3.3 percent as it sold a total of 1,171,434 units from 1,133,695 units sold in 2011-12.
Gurgaon, March 15 : Auto major Maruti Suzuki has decided to suspend production of cars at its Gurgaon and Manesar plants Saturday, a company spokesperson said.
Amid declining sales, Maruti Suzuki India Ltd. (MSIL) will Saturday keep on hold production of petrol and diesel cars in all five units of its Gurgaon and Manesar plants for a day.
On March 8 too, MSIL suspended production of petrol cars at three units of the Gurgaon plant.
New Delhi, March 15 : India's largest carmaker Maruti Suzuki Friday said it has appointed Kenichi Ayukawa as its new managing director (MD) and chief executive officer (CEO) in place of Shinzo Nakanishi.
Ayukawa will take over the new job April 1 on retirement of Nakanishi, Maruti Suzuki said in a statement.
Maruti Suzuki India Ltd, the largest car maker in the country, has said that it will stop the production of petrol cars at its plant in Gurgaon in Haryana near the national capital, Delhi on Saturday.
The decision to stop the production of petrol engine powered cars was as the company is facing weak demand and aims at reducing its inventories. A slowdown in the auto sector in the country has resulted in falling sales across most segments and the automakers are looking at ways to maintain growth.
India's largest carmaker, Maruti Suzuki India has said that that its sales have fallen during the month of February mostly in line with expectations mainly due to weak demand in the domestic Indian market.
As many as 1,000 companies in the Gurgaon to Bawal industrial belt stopped production today, Thursday, in support of the ongoing 48-hour nationwide strike by central trade unions that started Wednesday.
Maruti Suzuki India Ltd, Suzuki Motorcycle India Ltd, Hero Motocorp, Rico Auto, Sona stearing and Sunbeam are some of the many companies where production came to a standstill today. Estimates suggest that nearly 1.5 lakh workers are on the strike.
India's leading automaker, Maruti Suzuki India (MSI) has said that its sales has fallen 1.06 per cent to 1,14,205 units in January 2013.
The company had sold a total of 1,15,433 units in the same month of the previous year, MSI said in a statement. MSI said that the total domestic sales fell 1.96 per cent to 1,03,026 units compared to 1,01,047 units during the same month of the previous year. The company's exports fell 22.29 per cent to 11,179 units during January, 2013 compared to 14,386 units in the same month of 2012.
Maruti Suzuki India Ltd, the country's largest carmaker, will build two manufacturing facilities in Gujarat.
The carmaker is reportedly directly acquiring a 480-acre plot of land near Ughroz and Ukarade villages in Gujarat from farmers. This plot of land is in addition to the 700-acre plot at Mehsana that the Gujarat government has already allotted to the company for a manufacturing facility.
To finalize its Gujarat plans, the company's Japanese parent Suzuki Motor Corp. Chairman Osamu Suzuki is making an unusual trip to India this week.
India's leading automaker, Maruti-Suzuki Private Limited (MSIL) has launched a refreshed version of its WagonR for 2013.
The new model comes with several updates to both its exteriors and interiors. On the exterior, the grille is narrower than the current version and the new version will have one horizontal strip instead of three earlier. The version also has a new bumper with a larger air dam and redesigned fog lamp housings. The external upgrades have changed the cars appeal and it appears to be more of an elegant car.
Maruti Suzuki India (MSI), the largest car maker in the country, has announced that it was recorded an increase of more than 3 per cent in sales during the month of December.
Indian Stock Markets continued in the positive territory on Thursday as the US markets gained smartly on Wednesday. Stock prices of Gold Loan companies witnessed huge demand after reports of loan valuation for gold ratio increase to 75 per cent.
JSW Steel has increased price of all steel products of the company. The stock price was higher in today's session. Maruti Suzuki and M&M witnessed higher sales during December compared to other auto majors facing tough times.
Indian Stock Markets witnessed decent gains on Wednesday as the market rally continued from previous day. NSE Nifty scaled 6000 points level after long time and touched 52-week high of 6006 in intraday trade. At closing bell, NSE Nifty was up by 42 points at 5994 and BSE Sensex was inching towards 20k mark with gain of 125 points.
Indian markets entered year 2013 on positive note as investor sentiment was strong after US fiscal cliff was averted and stock markets across the globe jumped.
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