The country’s top carmaker, Maruti Suzuki, on Friday reported 10 per cent growth in profit for the quarter ended March 31, 2018. Net profit for the three months stood at Rs 18.8 billion, lower than analysts’ expectations of over Rs 22 billion. The company said an increase in corporate tax rates affected profitability.

Maruti Suzuki also reported a record annual profit of Rs 77.21 billion for the year ended March 31.

On Friday, Maruti Suzuki will report the financial performance for the January – March 2018 quarter (Q4FY18) and the full financial year 2017-18 (FY18).

The automobile sector, which witnessed a healthy sales growth in FY18 led by higher demand from rural markets and the fast-growing SUV segment, should continue to do well in the new fiscal year (FY19) as well, analysts say.

NEW DELHI: Toyota and Suzuki’s tie-up for cross-badging of cars is set to result in a high-pitched battle between the two Japanese companies in the Indian market. Toyota, which will start selling Suzuki’s Brezza mini SUV and Baleno compact from next year as part of the ambitious deal, has said that it will aim to maintain the pricing on the cars even while giving them a new look on the exterior and the interior.

Maruti Suzuki India's(MSI) entry-level hatchback Alto retained its status as the best selling passenger vehicle in India in 2017-18, leading the company's dominance with seven of its models featuring in the top ten list.

According to data by the Society of Indian Automobile Manufacturers (SIAM), Hyundai Motor India Ltd's (HMIL) three models made it to the list.

Maruti Suzuki India sold more utility vehicles (UVs) than Mahindra & Mahindra (M&M) in 2017-18 to emerge the top player in the domestic passenger vehicles market with a share of 50%. Its share in 2016-17 was 47.4%.

Society of Indian Automobile Manufacturers (SIAM) data released on Tuesday showed Maruti’s total sales of UVs in 2017-18 was 253,759 units, giving it a market share of 27.53% up from 25.7% in 2016-17.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

Maruti Suzuki and Tata Motors, the largest and fourth biggest player in domestic passenger vehicle (cars, vans and utility vehicles) market have closed the 2017-18 financial year with a strong double digit volume growth.

Maruti Suzuki, which commands 50% share of the market, has closed the year with 13.8% growth in passenger vehicles sales at a record 1.64 million units in domestic market.

Ten weeks into its launch, the third generation Swift from Maruti Suzuki has already clocked a cumulative booking of 100,000 cars, implying an average booking of one car every minute. Not only does this make Swift the envy of every rival car makers, but it also turns up the heat in house because the numbers are way ahead of those notched up by the company’s recent bestsellers like the new Dzire and Baleno.

Maruti Suzuki is testing the new 2018 Ertiga MPV for quite a long time now. The test mule of the car has been snapped testing one more time in recent by folks at Thrust Zone. There have been reports on the internet suggesting that the new 2018 Maruti Ertiga will be launched sometime in August 2018. The popular Maruti MPV was launched in India for the first time back in 2012 and it received a mid-life update in 2015. There were hopes from the Indian carmaker that it will showcase the new Ertiga at Auto Expo 2018 but sadly, that did not happen.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.