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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
Hindustan Petroleum Corp enters into a long-term agreement with HMEL
Posted on 22nd September 2018
Hindustan Petroleum Corporation (HPCL) on Friday entered into a long-term agreement with HMEL (HPCL-Mittal Energy) for operations and maintenance of its newly-commissioned bitumen terminal at Bathinda.

HMEL recently set up a bitumen blowing unit with a capacity of 550 million tonne per annum different grades of bitumen plant at Guru Gobind Singh Refinery, Bathinda. The agreement is for storing, handling and dispatching the product.


Amazon India to soon sell cow urine and dung based soaps, face packs made by RSS-backed centre
Posted on 22nd September 2018
Soaps, face packs, shampoos and medicinal products made from cow urine and dung may soon be just a click away as an RSS-backed centre says it is set to sell these on e-commerce major Amazon India.

Deen Dayal Dham, a centre run by the RSS in Farah town of Mathura in Uttar Pradesh, will first put up a dozen products related to health, beauty and apparel on the website for sale, a manger at the centre said.


Sensex witnesses flash crash
Posted on 22nd September 2018
Mumbai: The shares of housing finance companies (HFC) and other financial service firms were battered badly on Friday causing a flash crash on the domestic bourses as rumours about default by certain entities amidst rising delinquencies and cost of capital triggered panic selling in the market.

Infosys to offer cloud solutions to global enterprises on Google Clouds
Posted on 22nd September 2018
Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine's Google cloud platform, the IT major said on Saturday.

"We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model," said the city-based company in a statement.


RIL closes KG-D6 oilfield
Posted on 22nd September 2018
Reliance Industries has permanently shut down its only oilfield (MA field) in the KG-D6 block on the back of dwindling output from the reserve. This was the company’s first foray into oil and gas exploration that began in September 2008 when the field started producing oil.

“The MA (D26) field in Block KG-DWN-98/3 (KGD6), which is being operated by RIL as an operator of the joint venture consisting of RIL (60 per cent), BP (30 per cent) and Niko (10 per cent)


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