New Delhi: Stating India has the potential to become the biggest car manufacturer of the world, country's top car maker Maruti Suzuki on Thursday hoped factors adversely affecting competitiveness of manufacturing will be removed quickly, in line with Prime Minister Narendra Modi's call to make India a manufacturing hub.
"Costs of production in India increase because of various government policies, procedures, regulations and the way some of the laws are implemented," said Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India Ltd, at the 'Make in India' campaign.
New Delhi: Maruti Suzuki India's marketing and sales head Mayank Pareek has quit the company after nearly 20 years of service at the country's largest carmaker.
While Pareek, who is designated Chief Operating Officer (marketing and sales), could not be reached for comments, however, according to people familiar with the development, he has put in papers to pursue 'better opportunities'.
The company spokesperson declined to comment.
It is speculated that he may join homegrown auto major Tata Motors, which has been seeking a revival in fortunes in the passenger cars segment.
New Delhi: Country's largest car maker Maruti Suzuki India plans to roll out its light commercial vehicles (LCV) project on a limited scale, a top company executive said on Friday.
"We will begin the LCV project on a very limited scale and take the initiative forward by understanding the marketing and sales experience. We will slowly roll out it as we do not want to rush into it. The commercial vehicle sector is a new sector for us," Maruti Suzuki India (MSI) Chairman R C Bhargava said on the sidelines of SIAM Annual Convention.
New Delhi: Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow.
Ciaz will be available in petrol and Diesel fuel options powered by a 1.4 litre and 1.3 litre engines respectively.
"The global launch of Ciaz is planned during the forthcoming festival season," the company said in a statement.
Ciaz' main competitors will be Honda City, priced between Rs 7.19 lakh and Rs 11.05 lakh, and Hyundai Verna tagged between Rs 7.39 lakh and Rs 11.72 lakh (ex showroom Delhi).
New Delhi: The country's largest car-maker Maruti Suzuki India on Monday reported 26.9 percent increase in its total sales in August at 1,10,776 units as against 87,323 units in the same month of previous year.
Domestic sales during the month stood at 98,304 units, up 29.3 percent from 76,018 units in August of previous year, Maruti Suzuki India (MSI) said in a statement.
Sales of mini passenger cars, including Alto, A-Star and WagonR were up 8.3 percent at 34,686 units as against 32,019 units in the previous year.
New Delhi: Car marker leader Maruti Suzuki India is looking at nearly doubling the number of models to 25, including entry into SUV and LCV segments, as it aims a target to sell 3 million cars annually.
The company will launch within a few months an SUV to compete with Renault's Duster, which will be followed by a compact SUV in 2016 to take on segment leader Ford EcoSport, as part of a strategy to be present in newer segments of the passenger vehicle market.
Maruti Suzuki India (MSI), which is gearing up to launch a light commercial vehicle (LCV), is also in the process of setting up a separate network for its new foray.
The country's largest carmaker Maruti Suzuki India expects voting by minority shareholders to happen sometime in October for approval of its plans to let parent Suzuki Motor Corp own a proposed new plant in Gujarat.
"We haven't yet fixed a date. It could be in October probably but not certain yet," Maruti Suzuki India (MSI) Chairman R C Bhargava told reporters here.
Speaking on the sidelines of a lecture in memory of the company's executive Awanish Dev, who was killed in worker violence at the company's plant in Manesar in 2012, Bhargava said MSI's move on the Gujarat plant would be beneficial to its shareholders.
New Delhi: Country's largest car-maker Maruti Suzuki India (MSI) today reported 21.7 percent increase in its total sales for July at 1,01,380 units as against 83,299 units in the same month last year.
The company said its domestic sales rose 19.9 percent during the month to 90,093 units as against 75,145 units in July 2013.
Sales of mini segment cars, including Alto, A-Star and WagonR, declined 14.4 percent to 28,759 units as compared to 33,587 units in the year-ago month, MSI said in a statement.
New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) is looking to increase the supply of auto gear shift version of its latest compact hatchback Celerio to reduce the waiting period that currently stands at about four months.
Since its launch in February, the company has so far received bookings for over 57,800 units of Celerio, out of which 43 percent (25,000) are units with automated manual transmission (AMT) technology.
"We continue to try and increase the supply of the auto gear shift (Celerio) cars," a spokesperson of MSI said.
New Delhi: Buoyed by excise duty reduction, domestic car sales saw an upswing in June with major firms, Maruti Suzuki, Hyundai, Honda, Mahindra & Mahindra, Toyota and Ford reporting growth.
Yet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month.
The country's largest car-maker Maruti Suzuki India (MSI) said its domestic sales rose 31 percent during the month to 1,00,964 units as against 77,002 units in June 2013.
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.
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