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.

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.

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.

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.

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.

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.

Sales at India’s top two manufacturers of passenger vehicles (PVs) fell sharply in April over the same month a year ago as the companies curtailed dispatches to dealers amid weak buyer sentiment and slowing sales.

While Maruti Suzuki’s PV sales in the domestic market dropped 19.6 per cent in April, for Hyundai the fall was 10 per cent over last year, the companies said in a statement on Wednesday.

Maruti Suzuki will add more petrol, hybrid and CNG models to its portfolio to compensate for the absence of diesel variants, chairman RC Bhargava said on Tuesday.

India’s biggest carmaker announced last week that it would discontinue production of diesel vehicles from April 1, 2020. Maruti believes that the relatively less expensive petrol, hybrid and CNG models will drive demand.

While most brokerages have cut FY20 earnings estimates by up to 13% for Maruti Suzuki (MSIL), owing to its poor fourth quarter results and its plan to stop production of diesel vehicles starting next fiscal, there are other factors, too, which will keep the company’s volumes under pressure.

High base effect in the first quarter of FY19, no proposed launches and challenges posed by new launches by competitors are some of the factors which will keep the company’s volumes under pressure in the coming quarters.

Maruti Suzuki India chairman RC Bhargava on Friday said the third production line of 2.5 lakh units would be commissioned by April 2020 at Suzuki’s Gujarat plant situated at Hansalpur. Speaking to mediapersons, Bhargava said currently two production lines are operational with aggregate capacity of 500,000 units. Suzuki Motor’s 100% subsidiary Suzuki Motor Gujarat has set up a state-of-the-art car manufacturing plant in Gujarat and first car from the plant rolled out in September 2017.

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