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Cars to get pricier in new year: Maruti announces price hike amid slowdown
Posted on 4th December 2019

Even as automobile sales have hit a record low, the country's largest carmaker, Maruti Suzuki, on Tuesday announced a price hike across models from January. Others are likely to follow suit as they gear up to liquidate the stock ahead of rolling out new models in 2020.

Rising input cost, along with the transition of auto firms from BSIV to the more expensive BSVI models, has prompted the industry to hike prices, analysts pointed out.

Maruti Suzuki to increase prices from January to offset rising input cost
Posted on 3rd December 2019

The country's largest car maker Maruti Suzuki India on Tuesday said it will increase prices of its vehicles from January to offset rising input costs.

Over the past year, the cost of company's vehicles has been impacted adversely due to increase in various input costs, Maruti Suzuki India said in a regulatory filing.

Suzuki dials back on promise of India's auto market, and it is not alone
Posted on 8th November 2019
Suzuki Motor Corp said it was no longer gung-ho about India's auto market, the world's fourth-largest, where it has seen relentless growth in the past seven years. And the parent of the country's biggest car maker is not alone.

The Japanese automaker issued the warning after it reported a slump in quarterly profit this week on tumbling sales at its Indian unit, Maruti Suzuki, which accounts for half the number of cars sold in India.

Maruti Suzuki, Toyota to set up vehicle dismantling, recycling unit
Posted on 6th October 2019
Maruti Suzuki and Toyota Tsusho Group on Wednesday announced a joint venture for vehicle dismantling and recycling.

In the joint venture -- Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) -- Maruti Suzuki India (MSI) will have 50 per cent share, while Toyota Tsusho Group companies -- Toyota Tsusho Corporation and Toyota Tsusho India Pvt Ltd -- will hold the remaining stake.

Stock corner: Value Maruti Suzuki at slight premium, target price Rs 6,322
Posted on 26th October 2019
Maruti Suzuki India (MSIL) reported a Q2FY20 Ebitda margin of 9.5% (Nomura: 8.5%, Consensus: 9.3%), helped by a 30 bps benefit to gross margin (Our estimate: 50 bps fall). The company said that the cost reduction helped margins. A fall in commodity prices and better inventory absorption may have also helped gross margins.

MSIL’s retail sales were slightly positive during the festive period, which is a good sign. However, the management said it needs to see if the turnaround sustains as the average `26,000/vehicle discount (was ~`17,000) helped demand.

Maruti Suzuki lists 2 key reasons for poor Q2: Higher cost of buying car; weak lower priced model sales
Posted on 24th October 2019
The higher cost of buying a new car and weak sales in the low-cost model category impacted the company’s earnings substantially in the second quarter of FY20, Maruti Suzuki India Limited (MSIL) Chairman RC Bhargava said. It comes as the country’s largest car manufacturer reported a 24 per cent drop in sales in the first half of the ongoing fiscal. Volume sales during the quarter under review stood at 3,38,317 units, down 30.2 per cent as compared with the same period last fiscal.

Maruti Suzuki invests Rs 154 crore towards CSR initiatives in FY19
Posted on 16th October 2019
Maruti Suzuki India Ltd (MSIL) said on Tuesday that it invested over Rs 154 crore towards its corporate social responsibility (CSR) initiatives during the financial year 2018-19.

The efforts were focused on community development, road safety, and skill development. These are aligned with the United Nations Sustainable Development Goals (SDGs) corresponding to good health and well-being,

Maruti Suzuki cuts production for eighth straight month in September
Posted on 9th October 2019
Maruti Suzuki India (MSI), the country's largest carmaker, reduced its production for the eighth straight month, as the automobile sector continued to reel under a slowdown. The company cut its production by 17.48% in September.

The company produced a total of 1,32,199 units in September as against 1,60,219 units during the same month last year, Maruti Suzuki said in a regulatory filing.

Auto crisis: Maruti Suzuki reports 24% decline in sales in September
Posted on 1st October 2019

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported a 24.4 per cent decline in sales at 1,22,640 units in September.

The company had sold 1,62,290 units in September last year, MSI said in a statement.

Maruti launches entry-level hatchback S-Presso at ₹3.69 lakh
Posted on 30th September 2019
Maruti Suzuki India ltd, the country’s largest vehicle manufacturer, on Monday launched its new entry-level hatchback S-Presso, at a price range of ₹3.69 lakh to ₹4.91 lakh. With muted sales over the last one year, the company will bank on the new product to revive its fortunes during the festival period and beyond.

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