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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
Anil Ambani-led RCom moves Supreme Court against DoT
Posted on 13th December 2018
Reliance Communications and its subsidiary Reliance Telecom on Thursday moved the Supreme Court, asking it to initiate appropriate contempt proceedings against the department of telecommunications (DoT) for “wilfully and deliberately disobeying” its November 30 order that directed DoT to grant no objection certificate (NoC) to the firms by December 7 to trade its spectrum with Reliance Jio Infocomm.

SEBI board meet outcome: 3 big reforms from mutual fund risk management to start up listing
Posted on 13th December 2018
In a series of reforms, market regulator SEBI has allowed mutual funds “to allow mutual funds to create segregated portfolios with respect to debt and money market instruments subject to various safeguards”. The creation of segregated portfolios is a mechanism which is followed to separate distressed, illiquid and hard-to-value assets from other more liquid assets in a portfolio. SEBI has also cleared easing of norms to start startup listings.

Rajasthan High Court stays arrest of Twitter CEO Jack Dorsey
Posted on 13th December 2018
The Rajasthan High Court has put stay on the arrest of Twitter CEO Jack Dorsey, but has refused to cancel the FIR lodged against him.

An FIR was filed at the Basni police station by Rajkumar Sharma against Dorsey for hurting the sentiments of Brahmin community after his photo holding the slogan after his photo holding the slogan “Smash Brahminical Patriarchy” went viral.


Your debit, credit cards may get blocked from December 31, here's why
Posted on 13th December 2018
You might have recieved a message from your respective bank lately to upgrade your debit and credit cards. But if you ignored the message, then you are in some rude shock after December 31.

If you are thinking what do you need to do avoid the same then let us tell you that the Reserve Bank of India in order to protect the customers from fradulent transactions had issued guidelines to to change Magstripe Debit Cards to EMV Chip Debit Cards by the end of 2018.


Solar installations see 4% drop in Q3 due to lack of clarity around GST
Posted on 13th December 2018
The Indian solar market installed 1,589 MW (mega watt) in the third quarter of 2018. Installations declined by four per cent compared to 1,659 MW in the second quarter of 2018, while a year ago (Q3 2017) it was 2,278 MW.

Large-scale installations during the third quarter of 2018 totalled 1,154 MW compared to 1,244 MW in second quarter 2018 and 2,013 MW in Q3 2017, according to Mercom India Research report.


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