| Maruti Suzuki India Limited Related news |
Maruti Suzuki updates Baleno with BS-VI, hikes price
Posted on 23rd April 2019 |
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Maruti Suzuki has increased the price of its compact hatchback Baleno in the range of `13,000-20,000, after updating the vehicle with a BS-VI compliant petrol engine. Volumes of Baleno grew 11% in 2018-19 and has a market share of over 27% in the compact hatchback segment, comprising vehicles like Hyundai i20, Volkswagen Polo and Ford Figo. |
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Maruti Suzuki cuts discounts on popular models, all sops to go by September
Posted on 22nd April 2019 |
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Maruti Suzuki has started lowering discounts on several models to drive up sales before it phases out the practice later this year. Dealers FE spoke to said discounts on popular models such as Alto and Dzire were trimmed from Rs 60,000 earlier to Rs 40,000 in April. The discounts would be further lowered and fully phased out by around August or September. Similarly, discounts on compact SUV Brezza and premium hatchback Swift have been cut this month by around Rs15,000-Rs 30,000 and Rs 35,000, respectively. |
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Two to tango: Maruti’s board okays deal with Toyota, MD’s term extended
Posted on 28th March 2019 |
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The Board of Maruti Suzuki has approved plans to source hybrid technology from Toyota for developing future products under a business partnership signed by both the companies. Further the board also approved the reappointment of managing director and CEO Kenichi Ayukawa for a further period of three years with effect from April, 1, 2019. |
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Maruti Suzuki falls 4% on reports of production cut due to lower demand
Posted on 18th March 2019 |
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Shares of Maruti Suzuki India (MSIL) dipped 4 per cent to Rs 6,780 on the BSE in early morning trade in an otherwise strong market, on reports of production cut due to slower demand. “A slowing demand in India’s passenger vehicle market has prompted the car market leader, Maruti Suzuki India, to cut production by a quarter over March last year,” the Business Standard reported quoting people aware of the company’s plans. |
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Maruti launches WagonR's CNG variants. Check price
Posted on 6th March 2019 |
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NEW DELHI: Maruti Suzuki India Wednesday launched two CNG variants of its newly launched hatchback WagonR priced at ₹4.84 lakh and ₹4.89 lakh (ex-showroom Delhi). The factory fitted WagonR S-CNG will be available in Lxi and Lxi(O) variants powered by 1 litre engine and priced at ₹4.84 lakh and ₹4.89 lakh, respectively, the company said in a statement. |
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Maruti, Tata Motors report marginal growth in passenger vehicles sales
Posted on 2nd March 2019 |
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Continuing the muted demand trend, sales of passenger vehicles in February for market leader Maruti Suzuki grew by marginal 0.2% year-on-year (y-o-y) at 1,36,912 units. While passenger vehicles sales in the April-June quarter had clocked a 20% y-o-y growth, the trend has reversed since then. Post the September quarter results, Maruti Suzuki chairman RC Bhargava had pointed out that the festive season was a dull one. |
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Maruti expands pre-owned sales network to 200 outlets
Posted on 25th February 2019 |
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The country's largest carmaker Maruti Suzuki India (MSI) Monday said it has expanded its pre-owned sales network to 200 outlets in 132 cities across the country. The company had relaunched upgraded True Value network with new brand and retail identity 19 months ago. |
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Nocturnal Animal: Maruti Suzuki starts car servicing at night in five cities
Posted on 11th February 2019 |
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In an industry-first, India’s largest carmaker Maruti Suzuki has started a ‘car servicing at night’ initiative for its customers. It’s currently available at nine workshops in five cities: Gurgaon (Haryana), Sahibabad (UP), Bangalore and Mangalore (Karnataka) and Bhubaneswar (Odisha). Partho Banerjee, Executive Director (Service), Maruti Suzuki, said, “Customer convenience is of utmost importance, and with this initiative, we strive to enhance the customer ownership experience. |
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Maruti Suzuki Rating – ‘Buy’: Higher costs cast a shadow on the quarter
Posted on 4th February 2019 |
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MSIL’s Q3FY19 Ebitda at Rs19.3bn was significantly below our (-25%) and consensus (-27%) estimate. Ebitda margins at 9.8% (Nom 13%, Consensus 13.5%) was impacted by higher commodity (100bp), discounts (100 bp), adverse forex (50 bp), inventory adjustment (30 bp), one-time in staff (20 bp) and operating de-leverage. Management mentioned that weaker than expected sales resulted in high discounts to clear off inventory and led to higher fixed costs. |
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