Maruti

Maruti Records 15% Growth In February Sales

Maruti Records 15% Growth In February SalesIndian car market head Maruti Suzuki announced that its sales during the last month (February 2011) surged 15.5% to 1,11,645 units.

In a declaration, the company said, "Maruti Suzuki India Limited sold a total of 1,11,645 vehicles in February 2011. This includes 10,102 units of exports. The company had sold a total of 96,650 vehicles in February 2010."

As per the statement, the company registered a growth of 19.8% in its sales in the Indian market, which remained at 1,01,543 units as compared to 84,765 units during the same period of 2010.

Test for Maruti at Rs. 1520-1550 levels

Test for Maruti at Rs. 1520-1550 levelsAccording to the leading market analysts in the country, it is expected that it will be testing period for the Maruti stock at the Rs. 1520-1550 levels abut it is considered that both Maruti and Tata Motors are offering good amount of potential going forward.

In a situation where high demand is coming from the Indian market, and looking at the ongoing preparations, it is very much clear that Maruti is very much prepared to cater to Volkswagen as well.

Hence, the market surely has lot of potential as far as the Maruti share price is concerned.

Carnation joins hands with New India Assurance

Jagdish KhattarThe multi-brand car servicing company from the door of the Ex-Maruti MD, Jagdish Khattar has recently joined hands with the public sector banking unit, New India Assurance.

In fact, it is to be mentioned here that Carnation is the country's first Multibrand auto solutions company and is currently working on a plan to increase the number of its mobile workshops to close to 100. The current number of mobile workshops in the country is close to 30.

Maruti Registers Its Highest Ever Monthly Sales

Maruti Registers Its Highest Ever Monthly SalesMaruti Suzuki, announced that it has posted its highest ever monthly sales in August this year.

India's top manufacturer of cars has registered an increase of 23.6% in its car sales during the last month (August 2010).

The company sold around 104,791 units during August 2010 as against 84,808 vehicles during the corresponding period of 2009.

The company's sales in the domestic market climbed 32.5% at 92,674 units in August this year as against 69,961 units in the like period of 2009.

Maruti expects high numbers in August

MarutiThere is no denying to the fact that the country's leading auto major is facing one of the most critical challenges in the history of the company as it saw its market share recently falling below the 50% mark in its 25 year history.

It is to be mentioned here that the company, in which Japan's Suzuki Motor Corp holds 54.2 percent stake, sold close to 333,001 cars in the April to July period this year, about a quarter up from a year earlier.

But even then, the expanding market and the aggressively launched products have taken their own toll by taking the market share of the company below the 50% mark.

Maruti open to contract manufacturing

Maruti open to contract manufacturing While on the one end, the company is facing several issues to meet the rising demand of the Indian consumer but the Chairman of the market leader, Maruti Suzuki, R. C. Bhargava has said that the company may look at the option of making cars for other carmakers.

Moreover, the chairman also said that as the cost of manufacturing for the company is very low, it is indeed a very good opportunity for the company to look at the option for making cars for other automobile manufacturers.

Maruti to launch limited edition Ritz

Maruti to launch limited edition Ritz While Maruti has been losing its sheen as far as the small car king crown goes, but the challenge has been keeping the company on its toes.

In fact, after launching CNG variants in its five models in the portfolio along with the Alto K10 and automatic A-Star, the company has a plan to launch the limited edition of Ritz in the domestic market.

It has been learned that the company is looking to introduce close to 5,000 units of the limited edition product, which is based on the current Vxi and Vdi versions.

Maruti produces 5 lakh K-series engines

K-series-technologyWhile there has been only 23 months that the country's largest car maker Maruti Suzuki India introduced the K-series technology to the country, but the company has recently said that it has crossed a figure of 5 lakh units production mark of its latest generation K-series engine that was first manufactured in October 2008.

According to the statement issued by the company, as of date, the K-series engine are available in seven models, including, Alto-K10, Wagon R, Swift, Ritz, Estilo, Swift Dzire and A-Star.

Maruti announces a fall in profits

Maruti announces a fall in profits   The country's leading auto major has surely been the apple of the eye of many industry experts but it's recently announced Q1 results for the fiscal have been a party spoiler. In fact, the company has reported a 20% decline in net profit at Rs 465 crore for the first quarter on higher raw material costs and royalty and lower other income.

Volkswagen keen on alliance with Maruti in India

Volkswagen keen on alliance with Maruti in IndiaJust days after Volkswagen picked up a 20% stake in Suzuki Motor Corporation, experts labelled the deal as the attempt to gain ground in the emerging markets.

With India being a vital part of every automaker’s strategy nowadays, Volkswagen is also willing to jointly developing products with Maruti Suzuki India. While the strategy will be aiming to achieve synergy with Suzuki Motor Corp at the global level, the $2.5 billion deal may fetch gold to Volkswagen in no time keeping in mind the expertise of Suzuki in making small cars.  

Maruti Banks On Good Monsoon To Attain 1 Mln Sales Target

 Maruti Banks On Good Monsoon To Attain 1 Mln Sales TargetJust as the agriculturists and the administration are hoping, top car manufacturer Maruti Suzuki also is banking on a good monsoon to realize its target of attaining total sales of one million cars in the existing fiscal.

Maruti is eyeing to hit total sales of one million cars in 2010-11 as against 8.7 lakh in 2009-10, and this will mainly hinge upon on two major factors, good monsoon and Union Government's fiscal measures.

After M&M, it’s now Maruti's turn to go green

After M&M, it’s now Maruti's turn to go greenAfter the conglomerate M&M has taken a next road to growth in alternative fuel with the acquisition of a majority stake in the electric car maker, Reva Electric Car Co., it is now the turn of the domestic market leader Maruti Suzuki to look at the options of launching the CNG compatible models in the Indian market.

According to the sources familiar to the developments, the company is planning to launch the CNG compatible variants it’s most popular models in the Indian market.

Alto retains to No. 1 position

Alto retains to No. 1 positionMaruti Alto retained its number one position on the list of 10 top selling automobile models in India for the year 2009-10. Alto has been reported to be No. 1 for the sixth year consecutive year. Alto has captured the first spot replacing Maruti 800 for the first time in the year 2004.

On the other hand, the most popular brand of India, Maruti 800 has seen a drastic fall in the list. It was launched in the year 1983 and since then, it was the first time when Maruti 800 has fallen off the list.

Maruti to launch the new WagonR by April-end

Maruti to launch the new WagonR by April-endIndia's largest automaker, Maruti Suzuki is expected to launch its new WagonR for the Indian consumer by the end of the April 2010.

Notably, the company has invested a mind-boggling Rs. 290 crore in upgrading its much-popular hatchback WagonR that will be rolled out from a new platform from its plants.

In fact, the company has already stopped the manufacturing of the Duo variant of the WagonR which supports both the LPG and the Petrol mode.

Maruti 800 revolution coming back, Hyundai answers

Maruti-800With a rise in demand for domestic small car segment Hyundai is supposed to release a new car a low-priced car, with features akin to Maruti 800.

It is believed that the car which is posed to hit the market is all set to go at affordable range of Maruti 800 i. e., 2 lakhs. Hyundai which is currently the largest seller for the small car segment is offering the car range at a lower cost than i10, i. e., the current best seller.

Maruti sells a million units, big plans ahead

Maruti sells a million units, big plans aheadMaruti Suzuki, on Tuesday, said that it has become the first automobile company in the country to be able to sell a million cars in a year. Maruti Suzuki is the largest automobile making company in India.

It also said that it would be investing Rs. 17 billion in its Manesar plants. This is being done to expand the capacity so that it is able to produce 2.5 lakh cars every year. After the investment, the plant will be producing 550,000 more cars every year in two years time, said the company.

Maruti to invest $50 billion yen in R&D and capacity expansion

Maruti to invest $50 billion yen in R&D and capacity expansionIndia's largest producer of passenger cars, Maruti Suzuki recently announced the fact that the company will be investing a whopping 50 billion yen ($553.8 million) in expanding engine capacity and on research and development in the Indian market.

Maruti's iconic brand M800 set to drive into history in 13 cities

Maruti's iconic brand M800 set to drive into history in 13 citiesMaruti, Indian Auto major, 54.2 percent owned by Japan's Suzuki Motor Corp., will have to stop selling its iconic Maruti 800 which was launched in 1982. Maruti is now looking to reduce the number of its vehicle platforms. This will mean phasing out of some products that don’t meet emission norms.

Sales of Maruti 800 would be discontinued in 13 cities from April 2010. The cities where BSIV norms will set in from April 2010 are Mumbai, Kolkata, Delhi, Hyderabad, Pune, Ahmedabad, Chennai, Bangalore, Kanpur, Surat and Agra.

Maruti Close To Achieve 1 Mln Mark In Production & Sales

Maruti Close To Achieve 1 Mln Mark In Production & SalesMaruti Suzuki India is ready to hit one-million-mark in manufacturing as well as sales in 2010.

Maruti will become the first Indian car manufacturer to attain the said milestones.

In a statement, the company said, "The company has forecast a production of 10,27,000 units in 2009-10, which means that the output will exceed the one-million-mark on both the calendar-year and fiscal-year basis.".

Maruti To Launch ‘Cervo’ In Second Quarter

Maruti To Launch ‘Cervo’ In India In Second QuarterTop car manufacturer Maruti Suzuki will roll out another compact car named Maruti Cervo, in India by the second quarter of the existing year (2010).

Cervo, which sports 54bhp and 660cc engine, will give a strong competition to small cars.

Priced between Rs 1.5 lac to Rs 2.5 lac, Cervo will be a replacement to the company's best-selling models including 'Alto' and 'Wagon R'.

At this cost, Cervo is surely a tough competitor to Tata's cheapest car 'Nano'.

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