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)
India's struggling car industry recorded a slight improvement in sales in the month of October, thanks to the festival season.
Maruti Suzuki, the country's biggest car maker, sold 60 more cars in October in the domestic market, pushing the monthly total to 96,062 units. The company's exports jumped 27 per cent year-on-year to 9,025 units.
Mumbai, Oct 28 : Passenger car manufacturer Maruti Suzuki Monday reported a 194.7 percent rise in net profit for the second quarter of the current fiscal at Rs. 670.2 crore, up from Rs. 227.45 crore in the corresponding period of 2012-13.
"The company's performance during the quarter has to be viewed in the context of unusually low levels of profit in the second quarter of last year (July-September 2012) owing to labour problems in Manesar," the automobile manufacturer said in a statement.
New Delhi, Oct 1 : Maruti Suzuki Tuesday reported an 11.7 percent rise in its September sales which rose to at 104,964 units from 93,988 units sold in last year's corresponding month.
Exports during the period under review zoomed 180.8 percent, 14,565 units from 5,187 units shipped overseas during the same month of 2012.
Domestic sales were up 1.8 percent to 90,399 units during the month under review from 88,801 units sold in September 2012.
Mini-car segment that includes M800, Alto, A-Star and WagonR grew 4.9 percent at 41,061 units from 39,150 units sold in the same month of 2012.
New Delhi, Sep 18 : Maruti Suzuki said a fire that broke out at its powertrain plant in Manesar Wednesday has not affected production.
"A minor fire was reported earlier today (Wednesday) from one of the heat treatment furnaces at powertrain plant. The fire was quickly extinguished," the company said in a statement.
"There was no injury to anyone due to this incident. There was no loss of production. Work in the plant remains normal."
New Delhi, Sep 2 : Maruti Suzuki Monday reported a 61.2 percent rise in August sales which stood at 87,323 units from 54,154 units sold in last year's corresponding month.
Exports during the period under review zoomed by 180.9 percent, 11,305 units from 4,025 units shipped overseas during the corresponding month of 2012.
Domestic sales were up 51.6 percent to 76,018 units during the month under review from 50,129 units sold in August 2012.
Mini-car segment that includes M800, Alto, A-Star and WagonR grew 45.1 percent at 32,019 units from 22,062 units sold in the same month of 2012.
The persistent slowdown in the Indian economy is forcing an increasing number of companies to postpone their investment plans.
India's largest carmaker Maruti Suzuki on Tuesday said that the commissioning of its proposed Rs 4,000 crore Gujarat manufacturing facility could be postponed by at least a year.
The manufacturer had originally planned to commission the facility by FY2015-16.
New Delhi, Aug 21 : Passenger vehicle manufacturer Maruti Suzuki Wednesday introduced its new luxury hatchback 'Stingray’, priced between Rs. 4.09 lakh and Rs. 4.66 lakh (ex-Showroom New Delhi).
"With Stingray, we carry forward our focus to make our best sellers even more attractive," said Kenichi Ayukawa, managing director and chief executive, Maruti Suzuki India.
"The aggressively designed Stingray reinforces the fact that compact cars that are high on utility and reliability can also be premium and stylish," Ayukawa added.
New Delhi, August 1 : Maruti Suzuki Thursday reported a 1.3 percent rise in its July sales at 83,299 units from 82,234 units sold in last year's corresponding period.
There was a sharp drop in exports. The company exported 8,154 units in July, a 27.3 percent drop from 11,210 units shipped overseas during the corresponding month of last year.
Domestic sales were up 5.8 percent to 75,145 units during the month under review from 71,024 units sold in July 2012.
Mini-car segment that includes M800, Alto, A-Star and WagonR grew 15.8 percent at 33,587 units from 28,998 units sold in the same month of 2012.
New Delhi, July 27 : Passenger car market leader Maruti Suzuki Saturday said it would enter the commercial vehicle segment by developing a diesel-powered light commercial vehicle (LCV).
According to the company, it will develop a new version of Suzuki's LCV Carry which will be powered by a diesel and compressed natural gas (CNG) engine option.
The company further said that its engineers would require a time period of two years to develop the new product from the existing Carry platform.
India's leading car manufacturer Maruti Suzuki is trying to increase sales in overseas markets as demand in domestic market is slowing.
Maruti, which accounts for nearly 40 per cent of India's passenger car market, has long been struggling to boost sales as Indian car market has been suffering declining sales for the past eight consecutive months. Cut-throat competition from global auto manufacturers has just added to Maruti's woes.
Mumbai, July 25 : Maruti Suzuki Thursday reported a 49 percent increase in net profit for the first quarter of the current fiscal at Rs. 631.61 crore, up from Rs. 423.77 crore in the corresponding period of 2012-13.
"The increase was due to focussed cost reduction efforts undertaken by the company, favourable foreign exchange rates and the benefit from merger of Suzuki Powertrain India with the company last fiscal," the company said in a statement.
Net sales for the quarter under review stood at Rs. 9,995.12 crore, a decline of 5.1 percent over the first quarter sales of Rs. 10,529.24 crore in the last fiscal.
The Maruti SX4, Honda Civic and Toyota Corolla Altis will attract excise duty of 27 per cent, rather than 30 per cent duty prescribed for Sports Utility Vehicle (SUVs), the Finance Ministry's Revenue Department clarified on Wednesday.
Prior to the clarification, there was confusion on whether these the aforementioned vehicles would attract 30 per cent excise duty prescribed for SUVs or 27 per cent applicable to large sedans.
India's largest carmaker Maruti Suzuki has reportedly cut production at its Manesar diesel plant and sent as many as two hundred contract workers on indefinite leave.
Sources with direct knowledge of the matter said Maruti cut product due to a drastic decline in demand for its diesel models.
The manufacturer has also admitted that continued slump in demand has forced it to make some adjustments at the diesel plant. However, it didn't confirm report about sending contract workers on indefinite leave.