The country's largest carmaker Maruti Suzuki India (MSI) has opened bookings for the new version of S-Cross, which it plans to launch later this week.

The new S-Cross can be booked with an initial payment of Rs 11,000 at any of the 280 plus Nexa showrooms, MSI said in a statement today.

The popular model from stable of Maruti Suzuki Ltd -- WagonR has crossed 2 million sales mark for the company.

This is the third model from the company after Maruti 800 and Alto to cross this figure.

Maruti Suzuki expects to better its FY17 performance further in the current fiscal by selling more than 300,000 units from Nexa, thus upping the premium showroom’s total share in the company’s overall sales volume to 20%. In FY17, Maruti achieved 15% of its total sales in volume terms from Nexa, three years ahead of schedule. According to sector analysts at the end of the current fiscal, the contribution of high-end vehicles, which are retailed through Nexa showrooms, may be around 30-33% in value terms. In FY17, Nexa’s contribution to the company’s topline was around 25%.

Automobile manufacturers across segments continued to make large dispatches to their dealers ahead of the festive season leading to a substantial increase in their wholesale volumes in August. Most of the growth in volumes was led by the utility vehicle (UV) and scooter segments while the medium and heavy vehicle (M&HCV) segment continued to recover post-GST. Dispatches in the passenger car segment increased by 11.8% y-o-y to 198,811 units while UV volumes grew by a whopping 19.62% y-o-y to 78,664 units. The growth in the PV segment was driven mostly by Maruti Suzuki on the back of increased production capacity because of the commissioing of the Gujarat plant.

New Delhi, Sept. 8: Maruti Suzuki India, the country's largest car maker, is likely to set up its fourth production line at the company's Gujarat plant, chairman R. C. Bhargava today said.

The new production line, which plans to produce 2.5 lakh units per annum, will take the plant's total capacity to a million units.

Indicating a shift in stance, the country's biggest car maker, Maruti Suzuki, says it will not hold back investments in electric vehicles (EVs).

It says it will start work on these as soon as consumer preference for EVs is visible.

Maruti Suzuki shares which have given stellar returns in the year so far, are still undervalued at these levels says research and brokerage firm CLSA. The shares were trading at Rs 7,838 on Monday morning, and have returned 47% in the year so far. CLSA has a buy rating on the stock with target price of Rs 9,230 per share.

The shares have seen a slight correction in the last one month, down by more than 0.5%. However, in the last three months the scrip has returned nearly 10%. The BSE Sensex is up by by more than 2% in the last three months. Notably, Maruti Suzuki shares have outperformed the index in one, three and five year periods.

The country's largest carmaker Maruti Suzuki IndiaBSE 1.53 % Limited (MSIL) on Thursday reported 26.2% increase in domestic wholesales at 151270 units for August as the company stocked dealerships anticipating festive demand.

The company had sold 119906 units in the corresponding period of the last financial year.

Aiming to tap the digitally savvy customers, country’s largest car maker on Wednesday announced a revamp of its retail network across India with a new brand name -- Maruti Suzuki Arena.

The new showrooms will be a part of Maruti Suzuki India’s "Transformation 2.0 initiative" and is part of the company’s strategy to meet its target of selling two million cars by 2020.

NEW DELHI: The country's largest car maker Maruti Suzuki India Limited (MSIL) on Wednesday announced the revamp of its retail network. The new showrooms will be christened Maruti Suzuki Arena.

Kenichi Ayukawa, managing director and chief executive officer, MSIL, said, "While we continue to bring technology and quality into products, alongside we are focused on the quality of our network...Technology will be a key differentiator (in Maruti Suzuki Arena) where we have aligned with the new age customers."

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