India’s largest car maker Maruti Suzuki is tapping into Industrial Training Institutes (ITIs) in a big way to meet the growing requirement of technicians for its swiftly expanding dealership network. It plans to hire about 2,000 ITI students in the current year from the hundred ITIs with which it has tied up, significantly more than 1,400 students it hired last year. Another 1,500 students will be absorbed from other ITIs.

MUMBAI: "Gift your family a raksha pack," is the sales pitch doing the rounds across Maruti Suzuki dealerships these days, coinciding with the festival of Raksha Bandhan. Maruti started offering airbags and anti-lock braking system (ABS) as an option — at an extra cost of Rs 6,000-20,000 on entry-level cars — a year ago, but the demand for these safety features has been dismal.

The journey of 34 cars of Maruti Suzuki being transported in barges along river Ganga from Varanasi to Haldia, covering a distance of 1,620 kilometres in six days, would transform the way cars are transported across the country, and its real impact could be seen in the cost of logistics.

Maruti Suzuki India launched its hatchback Baleno last year and since then the car has performed very well among the masses. In the month of July, 2016, the company recorded a growth of 30.9% in its sales for the Baleno. Within the first few months of its launch, the company has recorded 21,000 bookings of the Maruti Suzuki Baleno, while in 9 months, the sales reached 75,000 units sales mark in the country.

Country's largest carmaker Maruti Suzuki India (MSI) plans to bring more products with hybrid technology over the next few years as concern for safeguarding environment increases in India.

The auto major, which is facing capacity constraint, is also expediting the process to operationalise its upcoming Gujarat plant by early next year and start selling vehicles produced from the plant within this fiscal.

NEW DELHI: In a first, Maruti Suzuki will start transporting its cars through National Waterways-1 (on River Ganga) from Varanasi to Kolkata. Cars are proposed to be transported from Varanasi to Kolkata on NW-1as a pilot run which is scheduled for Friday.

The requirement of logistic support for rolling in and out of cars from the vessels to shore and vice-versa has been done in a trial run at Kolkata.

Mumbai: India’s largest carmaker, Maruti Suzuki India Ltd, is the second-most expensive auto stock among the top 20 global auto stocks after Tesla Motors, with the premium based on a double digit sales growth outlook, and strong valuations for Indian equity markets.

According to Bloomberg’s Best Estimates, Maruti trades at 21.22 times fiscal year 2018 price-to-earnings (P/E), after US’s Tesla Motors, which trades at 33.42 times.

Shares of Maruti Suzuki India touched Rs 5,000 mark, a fresh record high on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), crossing the market capitalisation (m-cap) of Rs 150,000 crore on Tuesday.

At 09:57am, the stock was up 2% at Rs 4,968 with the m-cap of Rs 150,067 crore on the BSE. Maruti Suzuki India became the 13th Indian company to achieve a market capitalisation of Rs 1,50,000 crore.

Maruti Suzuki India (MSI) aims to have 250 Nexa outlets by March 2017 and expects the premium sales and service outlets to contribute 15 per cent of the company’s sales by 2020.

Launched in July 2015, Nexa today completed one year of operations. It currently has 150 outlets across 94 cities.

The country’s largest passenger car manufacturer, Maruti Suzuki India, on Tuesday beat analysts’ estimates by posting a net profit of Rs 1,486.2 crore during the April-June quarter, which was a rise of 23% on a year-on-year basis. The higher profits were on the back of a huge jump in other income, which increased by 134% to Rs 483 crore during the period on a yearly basis.

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