With demand for cars somewhat muted, partly due to the inauspicious Shrad period and partly due to an excess of inventory, dealers are offering discounts on models such as Maruti Suzuki’s premium hatchback Baleno, the new Swift and the new Dzire, possibly for the first time since their launch. The Swift and Dzire can be bought at cash discounts of up to Rs 15,000 and Rs 10,000 on diesel and petrol variants, respectively.

Shares of Maruti Suzuki, which rose over ten-fold in six years through 2017, seem to have lost the steam. The stock has corrected close to 16% since January after its record-setting run, beating the Nifty returns for six years in a row. Among its most stellar returns were a gain of 88.8% in 2014 and 82.9% in 2017.

Maruti Suzuki India (MSI) continued its hold on the Indian passenger vehicles market with its models occupying the first six positions in the top ten best selling list in August.

According to data from Society of Indian Automobile Manufacturers, the company's entry-level car Alto topped the list, selling 22,237 units in August.

Maruti Suzuki India, the India arm of Suzuki Motor Corp, will start testing a fleet of 50 prototypes of electric vehicles in India from October, said Suzuki Motor Corp Chairman Osamu Suzuki.

“We have decided to launch EVs in India around 2020 in collaboration with Toyota Motor Corporation,” Suzuki said at the opening session of MOVE, the two-day Global Mobility Summit.

In the presence of Prime Minister Narendra Modi at the MOVE Global Mobility Summit, Suzuki Chairman O Suzuki confirmed that Maruti Suzuki will commence the testing of its electric cars starting next month. Earlier, RC Bhargava, Chairman, Maruti Suzuki had confirmed that Maruti Suzuki will launch its first electric car in India in 2020.

India's largest carmaker, Maruti Suzuki India has registered a total domestic sales of 145,895 units in the month of August 2018 and has seen a decline in sales by 3.6% as compared to the same month last year. The company had sold 1.52 lakh units in August 2017. The decline in car sales is largely due to the unfortunate floods in Kerala and parts of Karnataka.

The thirty-seventh annual general meeting (AGM) of the country’s largest carmaker, Maruti Suzuki, was somewhat unusual. With a multi-year high market share of about 52 per cent in the world's fifth-largest car market, the company's shareholders want more.

A few shareholders now want the company to move up the ladder and explore an entry into the luxury car segment. At the AGM held in the capital on Thursday, one of the shareholders pointed out to the management that it was time for Maruti Suzuki to consider competing with the likes of the German luxury trio — Mercedes-Benz, BMW, and Audi.

BENGALURU: Maruti Suzuki on Monday launched the new Ciaz with an aim to wrest back the No.1 spot in the country’s mid-size sedan segment.

Taking the price-value equation to the next level, the company priced the new car aggressively at Rs 8.19-10.97 lakh exshowroom pan-India. The new Ciaz is cheaper by Rs 50,000-2.5 lakh to the Honda City and Rs 1-2 lakh to the Hyundai Verna.

MUMBAI: Maruti Suzuki and Mercedes-Benz, the nation’s largest mainstream and luxury carmakers, respectively, have decided to increase prices, citing input cost pressures. Maruti is set to increase prices by about Rs 6,100 per vehicle, while in the case of Mercedes-Benz, the increase will be up to 4%, which essentially means a hike of Rs 1.1-7.7 lakh depending on the models.

New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) on Thursday hiked prices of its vehicles by up to 6,100 in order to partially offset increase in commodity and distribution costs and adverse foreign exchange rates.

The price change varies across models and is up to 6,100 (ex-showroom Delhi), the company said in a statement.

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