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Maruti drives past 50% market share
Posted on 12th June 2017
 
The country’s top car maker, Maruti Suzuki, is now bigger than the rest of the industry put together for the first time in over a decade. In the first two months (April & May) of the current financial year (FY17-18), the company sold 274,329 passenger vehicles (cars, vans and utility vehicles) in the domestic market, about 19,300 more than the 254,930 units sold by the rest of the industry players put together. Maruti clocked a volume growth of over 19 per cent in these two months, much higher than the industry’s growth of 12 per cent.

 
New Delhi: Maruti Suzuki zipped past Infosys and ONGC in market capitalisation (m-cap) as its stock rose by 3% on Friday, adding Rs6,563 crore to the value.

The stock gained 3% to end at Rs7,451 on the BSE. During the day, it went up by 3.25% to Rs7,469—its 52-week high. It was the top gainer on the BSE benchmark Sensex. On NSE, the stock moved up by 2.97% to close at Rs7,464.85.


 
Growth in the sales of both the passenger car and utility vehicle segment slowed down in May since most of the top car makers barring Maruti Suzuki registered low single-digit growth in wholesale dispatches mostly due to lack of new products and capacity constraints. Maruti Suzuki registered 15.5% y-o-y growth in May on the back of healthy demand for its new offering – Baleno, Vitara Brezza, Ignis and Dzire. Apart from the new offerings the wholesale volumes of Alto and Wagon R also increased in the first two months of the fiscal as a result of the revival of demand in the rural and semi urban markets.

 
The country's largest carmaker Maruti Suzuki India(MSI) is focusing on new technologies to cut emission per vehicle while enhancing fuel efficiency for its future models.

The company said it has been able to bring down weighted average of CO2 emission for its entire fleet by nearly 19 per cent over a decade since 2007-08.


 
Country’s largest carmaker Maruti Suzuki has reported a 15 per cent jump in domestic sales of passenger vehicles (cars, utility vehicles and vans) in May. The company sold a total of 130,248 units in the domestic market against 113,162 units in same month last year.

Most segments of the products at Maruti reported strong growth. The utility vehicle segment jumped 66 per cent to 22,608 units while mini segment (Alto and WagonR) grew 18 per cent to 39,089 vehicles.


 
The Indian car market has approximately 100 models, manufactured by about 15 companies. But only one-tenth of these have sales worth Rs 6,500 crore ($1 billion) or more as they clock large volumes and have been more successful.

The list of top 10 vehicles, value-wise, is dominated by the top two players in the market — Maruti Suzuki and Hyundai. However, Toyota, the third player on this list, scores and stands ahead of the two companies with its Innova Crysta.


 
Maruti Suzuki India's hatchback Swift dethroned sibling Alto as the best selling car model in April this year in the domestic market.

The company also maintained its tight grip on the Indian passenger vehicles market with seven of its models in the top 10 best selling models with the remaining three spots taken by rival Hyundai Motor India Ltd (HMIL).


 
Maruti Suzuki today launched the new Dzire sedan, a lighter and more fuel efficient vehicle at Rs 5.45 lakh onwards (ex showroom, Delhi). The petrol variant begins at Rs 5.45 lakh and goes up to Rs 8.41 lakh. Diesel variant begins at Rs 6.45 lakh and goes up to Rs 9.41 lakh. Maruti spent Rs 1,000 crore to develop the new Dzire.

First launched in 2008, Dzire happens to be Maruti’s second most sold car (after the Alto) and brings 14 per cent of the company’s domestic sales. Dzire also is the largest selling compact sedan in the country accounting for half of the segment volumes.


 
Maruti Suzuki has launched the new Dzire in India at Rs 5.45 lakh, ex-showroom, Delhi. The new Dzire is based on the company's 'Heartect' B-platform that makes the sedan weigh lesser by up to 105 kg for the diesel and 85 kg for the petrol versions. Talking about the design, the car manufacturer has equipped the Dzire with LED projector headlamps with DRLs (Daytime Running Lamps), LED tail lamps, OVRMs (Outside Rear View Mirrors) with turn indicators, chrome embellished front grille and 15-inch alloy wheels. These features are available only on the higher variants.

 
New Delhi: India’s largest carmaker Maruti Suzuki India Ltd has commenced bookings for its all-new Dzire compact sedan at over 2,000 dealerships across the country.

The booking amount of the new Maruti Suzuki Dzire is Rs 11,000.


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