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Maruti Suzuki sold 3 cars every minute in 2017; Here’s why 2017 has been a remarkable year for market leader
Posted on 13th January 2018
India's largest automaker Maruti Suzuki is on steady growth and has once again crossed the sales of over a million units in the Indian domestic market. The market leader sold a total of 1602522 units in 2017 reporting a double digit growth once again. Beating its own record the company sold 3 cars ever minute selling 4,390 cars every single day in 2017.

Maruti Suzuki cars have been dominating top-10 sales chart constantly through out the year with Maruti Suzuki Alto and new Maruti Suzuki Dzire being among the company's top selling cars. Overall over about 1.90 lakh Alto's were sold in 2017 almost 10,000 more than what the company sold in 2016. Maruti Suzuki continues to dominate in India with a massive market share of 49.6 percent in the Indian passenger vehicle space.

In 2017, Maruti Suzuki started the year with the introduction of Maruti Suzuki Ignis then launched the very successful Maruti Suzuki Dzire and brought in the performance variant of Maruti Suzuki Baleno RS. On the production front, Maruti Suzuki is running packed houses at its Gurgaon, Manesar and Gujarat plant. Suzuki also further increased its its investment in Gujarat by venturing into a lithium-ion battery manufacturing plant.

Strong demand of new and existing cars indicate that GST has not affected the doing if business as the consumer deman has not affected.

Maruti Suzuki will soon be jumping into the electric band wagon keeping government's vision in line. Earlier in 2017 R C Bhargava had said, "Maruti Suzuki will make electric cars, I cannot confirm the timelines but we will get electric cars and will remain the leader on the electric front as well, we have to move to electric and we will move to electric, in the meanwhile we would want the non-electric cars to be hybrid cars".

The year 2017 also saw Maruti Suzuki's shares crossing Rs 10,000 for the first time. Currently, Maruti Suzuki shares are also the most valued automobile stock in the world after Tesla.

Come February 2018, Maruti Suzuki plans a blockbuster year starting with the launch of the 3rd generation Maruti Suzuki Swift followed by an array of facelifts. At the Auto Expo 2018, the company will showcase its Future S concept along side the launch of new Swift.

Related Companies: Maruti Suzuki India Limited   

Other Latest News
Amazon India reportedly closing in on Flipkart
Posted on 22nd March 2018
BENGALURU: Amazon has almost closed the gap with Flipkart's standalone sales in 2017, behind in GMV marketshare by less than 1percentage point in 2017 from 5 percentage points in 2016, as per Forrester. However, Flipkart still leads as a group with Myntra and Jabong.

While Flipkart leads in fashion and smartphones, Amazon has taken lead in categories such as appliances, consumer electronics, and more importantly, groceries, which builds platform stickiness, said Satish Meena, a senior forecast analyst at Forrester.

Air India may give promotions to 100 pilots with pay hike of up to Rs 12 lakh: Report
Posted on 22nd March 2018
Amidst the privatisation talks, it has been reported that the national carrier Air India might gove promotion to its 100 pilots with a pay hike of Rs 12 lakh per head.

"The 100 deputy general manager rank pilots are narrow-body and widebody pilots. These pilots are likely to be promoted to executive despite the fact that the airline is being privatised," a source told the Economic Times.

Opening bell: Sensex opens stronger after fed rates hike
Posted on 22nd March 2018
Key indices on Thursday gained strength after the federal reserve hiked rates as widely expected.

The 30-share BSE Sensex was up 138.34 points at 33,274.52 and the 50-share NSE Nifty rose 49.40 points to 10,204.70.

Sebi may impose trading curbs on cos undergoing insolvency proceedings
Posted on 22nd March 2018
The Securities and Exchange Board of India (Sebi) may impose trading restrictions on shares of companies that are undergoing insolvency proceedings. The move, which is also a demand by industry players, is aimed at reducing volatility in stock prices and curbing manipulation or misuse of price-sensitive information.

Sources said the market regulator would lay down a compliance framework for listed companies undergoing insolvency resolution. The announcement will likely be made at Sebi’s board meeting next week.

Essar Steel set for rebid as lenders reject Arcelor, Numetal offers
Posted on 22nd March 2018
The State Bank of India-led consortium of lenders called for a second round of bidding for Essar Steel on Wednesday. All the six companies that had submitted expressions of interest (EoIs) earlier have to submit their bids by April 2.

Lenders rejected bids by Numetal and ArcelorMittal after both companies failed the legal eligibility test. The legal advisors cited one of the clauses of Section 29A of the Insolvency and Bankruptcy Code (IBC) for rejecting the bids.

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