| Maruti Suzuki India Limited Related news |
Maruti-Toyota tie-up: Analysts seek clarity from Suzuki arm
Posted on 18th June 2019 |
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Analysts have raised concerns over Maruti Suzuki not disclosing more details pertaining to the partnership with Toyota, saying that there is a lack of communication and the company needs to be more open about the collaboration and its implications in the medium and near term. In a letter to Maruti Suzuki CEO Kenichi Ayukawa, investment management and research firm Sanford Bernstein asked for clarity on what is Maruti offering Toyota in terms of pricing arrangements, who manufactures which model eventually and what kind of manufacturing margins will Maruti earn. |
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Maruti cuts output for 4th straight month in May
Posted on 11th June 2019 |
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In a reflection of how weak consumer demand is, Maruti said it had cut production by over 18% year-on-year (y-o-y) in May, the fourth consecutive month in which it trimmed output. Despatches to dealers had fallen by 24% y-o-y, among the steepest monthly declines in at least seven years. Market watchers said demand had flagged due to the increased prices of cars resulting from rising insurance premiums and hikes taken by manufacturers for new safety features. |
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Maruti Suzuki cuts production in May for 4th month in row, output down 18%
Posted on 10th June 2019 |
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The country's largest car maker Maruti Suzuki India (MSI) has cut vehicle production by over 18 per cent in May, according to a regulatory filing. It is the company's fourth consecutive month of taking a production cut. The car market leader produced a total of 1,51,188 units in May, including Super Carry LCV, down 18.1 per cent from 1,84,612 units in the year-ago month, MSI said in the filing. |
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Maruti’s Baleno hatchback reaches the 6 lakh sales mark in record 44 months
Posted on 3rd June 2019 |
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Maruti Suzuki India ltd - country’s largest passenger vehicle manufacturer on Tuesday announced that its premium hatchback Balwani has crossed the 6 lakh units sales mark in the a record time of 44 months. The company claims that in the premium hatchback segment, Baleno is the fastest to reach this sales milestone. |
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Maruti reports 22 per cent drop in May sales at 1,34,641 units
Posted on 1st June 2019 |
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New Delhi: The country's largest carmaker Maruti Suzuki India Saturday reported a 22 per cent decline in sales at 1,34,641 units in May. The company had sold 1,72,512 units in May 2018, Maruti Suzuki India (MSI) said in a statement. Domestic sales declined by 23.1 per cent to 1,25,552 units as against 1,63,200 units in the year ago month, it added. |
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Maruti Suzuki to invest Rs 24 crore to set up 5 MW solar plant at Gurugram
Posted on 29th May 2019 |
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Maruti Suzuki India Wednesday said it will invest Rs 24 crore to set up a 5 MW solar power plant at its Gurugram facility. The company recently laid the foundation stone for the captive solar power plant which is expected to be commissioned in the current financial year, Maruti Suzuki India said in a statement. |
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Maruti may drive in electric vehicle next year
Posted on 27th May 2019 |
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NEW DELHI: India’s largest carmaker Maruti Suzuki is evaluating the commercial launch of a small electric car next year amid challenges such as high prices along with lack of adequate charging facilities at the disposal of potential buyers. While the company will be ready with a vehicle in 2020, the launch will depend on the willingness of buyers to pay more for an electric version, said Maruti Suzuki chairman RC Bhargava. |
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‘CCI probing if Maruti forced its dealers to limit their discounts’
Posted on 22nd May 2019 |
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India’s antitrust regulator is looking into allegations that Maruti Suzuki, the country’s biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars, three people aware of the matter said. Maruti sold 1.73 million passenger vehicles in the year to March and has nearly 3,000 dealers in the country. |
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Maruti Suzuki cuts production by 10% in April
Posted on 10th May 2019 |
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The country’s largest carmaker Maruti Suzuki India on Thursday said it has slashed its vehicle production by around 10% across its factories in April. This is the company’s third consecutive month of taking a production cut. It had also reduced production in February and March this year. The company produced a total of 1,47,669 units in April, down 9.6% from 163,368 units a year ago, it said in a regulatory filing. |
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Maruti Suzuki cuts production by 10% in April for third consecutive month
Posted on 9th May 2019 |
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The country's largest car maker Maruti Suzuki India (MSI) Thursday said it has slashed its vehicle production by around 10 per cent across its factories in April. It is the company's third consecutive month of taking a production cut. It had also reduced production in February and March this year. |
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