New Delhi: After three major US companies - Boeing, Abbott and Honeywell - auto major Maruti Suzuki has now come in support of India's intellectual property rights (IPR) regime, saying the "very strong" domestic laws are on par with international standards.
American pharma sector had alleged that Indian IPR laws discriminate against US companies and violate global norms.
New Delhi, June 2 : India's largest passenger car manufacturer Maruti Suzuki Monday reported an increase of 19.2 percent in its total sales, including exports, for June at 100,925 units.
The company had sold 84,677 units in the corresponding month of 2013.
The company's domestic sales surged by 16.4 percent to 90,560 units during the month under review as compared to 77,821 units sold in the corresponding month of last year.
Maruti Suzuki exported 10,365 units last month, which was a rise of 51.2 percent from 6,856 units sold overseas during the corresponding month of 2013.
New Delhi, May 1 : India's largest passenger car manufacturer Maruti Suzuki Thursday reported an 11.4 percent decline in total sales, including exports, for April as the figure stood at 97,302 units.
The company had sold 86,196 units in April 2013.
The company's domestic sales decreased by 12.6 percent to 79,119 units during the month under review as compared to 90,523 units sold in the corresponding month of last year.
However, Maruti Suzuki exported 7,077 units last month, which was an increase of 4.4 percent from 6,779 units sold overseas during the corresponding month of 2013.
New Delhi, April 25 : India's largest car-maker Maruti Suzuki Friday said its net profit slumped by 35.46 percent to Rs. 800.05 crore for the quarter ended March 31, 2014 largely due to low sales.
The company had posted a net profit of Rs. 1,239.62 crore for January-March quarter of last year.
The company's total income dropped to Rs. 12,508.01 crore for the quarter under review as compared with Rs. 13,703 crore recorded in the same quarter last year.
For fiscal 2013-14, the company posted a net profit of Rs. 2,783.05 crore as compared to Rs. 2,392.13 crore in the previous year, registering a growth of 16.3 percent.
New Delhi, April 11 : Automobile manufacturer Maruti Suzuki said Friday it will recall 103,311 vehicles, including brands like DZire sedan, Swift hatchback and the Ertiga MUV to replace a faulty 'fuel filler neck' that may lead to leakage.
The company said that it will recall 42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga manufactured between November 12, 2013 and February 4, 2014.
New Delhi, April 1 : Automobile manufacturer Maruti Suzuki Tuesday reported a decline of 1.4 percent in its total sales for 2013-14 at 1,155,041 units from 1,171,434 units sold in the previous fiscal.
According to the company, domestic sales during the year ended March 31, 2014, marginally grew at 0.3 percent at 1,053,689 units from 1,051,046 units in 2012-13.
Exports during the period under review fell by 15.8 percent at 101,352 units from 120,388 units shipped out in 2012-13.
Mumbai, March 18 : Automobile major Maruti Suzuki's scrip was trading up 130.80 points or 7.53 percent around 3.18 p. m. Tuesday after the company said it will seek minority shareholder approval to set up a plant in Gujarat as a unit of Suzuki Motor Corporation.
The company's scrip at the Bombay Stock Exchange was trading at Rs. 1,867.00 -- up 130.80 points or 7.53 percent from its previous close of Rs. 1,737.10 on Friday.
Maruti Suzuki's board decided to seek the minority shareholder approval after the proposal drew opposition from the company's leading institutional investors.(IANS)
Shares of Maruti Suzuki India Ltd are still reeling under selling pressure as concerns over the company's Gujarat plant continues to hound investors.
Stock in Maruti Suzuki India Ltd (MSIL) slipped further in early morning trade on Tuesday as concerns over the company's plan to source cars from Gujarat plant continued to hound investors.
Maruti Suzuki shares slipped as much as 2 per cent in morning session on Tuesday. As of 09.25 a. m., the stock was trading at a loss of 1.4 per cent at Rs 1,560 apiece. Maruti Suzuki was the top loser on Nifty.
The stock is on track for a fifth day of losses in a row as the company has failed to allay investors' concerns over Gujarat plant.
India's leading car manufacturers Maruti Suzuki India Ltd (MSIL) and Hyundai Motor India Ltd (HMIL) enjoyed considerable jumps in their sales in February, thanks to price cuts that followed excise duty cuts announced in the Interim Budget.
Maruti Suzuki, which had suffered a decline of 6.3 per cent in domestic sales in January, saw an increase of 1.8 per cent in sales to 99,758 units in February this year as against 97,955 units in February last year.
Stock in Maruti Suzuki India Limited (MSIL) slipped more nearly 5 per cent on the Bombay Stock Exchange (BSE) on Friday as the company failed to assuage investors' concerns over its Gujarat plan.
In January this year, Maruti had announced an arrangement with Japan-based Suzuki Motor Corp's under which the Indian company would procure cars from to be manufactured at the Gujarat plant. The Japanese parent firm said it would invest US$488 million (nearly Rs 3,050 crore) in the plant.
New Delhi, March 1 : India's largest passenger car manufacturer Maruti Suzuki Saturday reported a .40 percent decline in total sales including exports for February, which stood at 109,104 units due to a fall in exports.
The company had sold 109,567 units in February 2013.
There was a sharp drop in the company's exports. Maruti Suzuki exported just 9,346 units last month, which was 19.50 percent less than 11,612 units sold overseas during the corresponding month of 2013.
Most customers of Maruti Suzuki India Ltd's recently launched Celerio hatchback are opting for the expensive automatic variant, dropping a strong hint that Indians are ready to pay more for effortless drive.
As per available figures, Maruti Suzuki has received nearly 20,000 booking-orders for the Celerio hatchback within the first twenty days of its launch. It means the manufacturer has been receiving 1,000 booking orders, on average, per day for the new hatchback.
Greater Noida, Feb 5 (IANS) Automobile manufacturer Maruti Suzuki Wednesday unveiled two global models - Concept Ciaz and SX4 S-Cross - a day before the biennial Auto Expo 2014 opens here.
"The two cars that we unveil follow the footsteps of the iconic Suzuki Swift. These models are designed to meet the varied requirements of discerning customers around the world," said Toshihiro Suzuki, executive vice president, Suzuki Motor Corporation.
Indian automobile industry continued to suffer a notable decline in sales in January as high fuel and interest costs discouraged consumers from buying new vehicles.
Maruti Suzuki, the largest passenger car manufacturer of India, suffered a year-on-year decline of 10.3 per cent in sales in January this year. The auto giant's domestic sale slipped 6.3 per cent year-on-year, from 103,026 units in January 2013 to 96,569 units during the month of this year. Exports slipped 47.7 per cent, from 11,179 units to 5,847 units.
Overall, the manufacturer had sold 114,205 units in January 2013.
New Delhi, Feb 1 : India's largest passenger car manufacturer Maruti Suzuki Saturday reported a 10.3 percent decline in total sales for January, which stood at 102,416 units due to a fall in exports.
The company had sold 114,205 units in January 2013.
There was a sharp drop in the company's exports. Maruti Suzuki exported just 5,847 units last month, which was 47.7 percent less than 11,179 units sold overseas during the corresponding month of 2013.
After suffering its biggest fall in a year & a half on Tuesday, Maruti Suzuki India Ltd (MSIL) stock jumped more than 8 per cent in early morning trade on Wednesday as the company's management successfully allayed investors' concerns about the company's upcoming Gujarat plant.
Maruti Suzuki yesterday announced that its upcoming Gujarat manufacturing facility would be owned and operated by a subsidiary of its parent firm Suzuki and not by it. The announcement triggered concerns that sourcing vehicles through the Suzuki subsidiary would eat into Maruti's margins.
Maruti Suzuki India Ltd (MSIL) is aggressively promoting its upcoming Celerio, which boats impressive fuel efficiency of 23.1 kilometers per litre (kmpl) and automatic transmission.
Celerio is a compact car that will cater to an increasing demand for vehicles with the Automated Manual Transmission (AMT) at an affordable price. It will be available in six petrol variants - four petrol variants with manual gear shift and two with automatic gear shift.
New Delhi, Jan 1 : India's largest passenger car manufacturer Maruti Suzuki Wednesday reported a 4.4 percent decline in total sales for December which stood at 90,924 units due to a fall in exports.
The company sold 95,145 units in December 2012.
There was a sharp drop in the company's exports. Maruti Suzuki exported just 4,311 units last month, which was 67 percent less than 13,072 units sold overseas during the corresponding month of 2012.
However, the company's domestic sale increased by 5.5 percent to 86,613 units during the month under review as compared to 82,073 units sold in December, 2012.
New Delhi, Nov 27 : Maruti Suzuki Wednesday recalled 1,492 vehicles, including Ertiga, Swift, Dzire and A-Star, manufactured between Oct 19-26, for correcting defective steering columns.
According to the company, 306 units of Ertiga, 592 units of Swift, 581 units of Dzire and 13 units of A-Star will be recalled for checking and replacement of the steering column if found defective.
"This exercise is limited to vehicles within the above specified range and does not pertain to any other vehicle of the Company or any of its exports," the company said in a statement.(IANS)