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Maruti Suzuki to hike vehicle prices by up to 4% from April

YourStory

YourStory · 5m ago

Maruti Suzuki to hike vehicle prices by up to 4% from April

Maruti Suzuki India will increase vehicle prices by up to 4% from April to address rising input costs and operational expenses. This price adjustment will vary by model. Despite efforts to optimize costs, the country's largest carmaker states that some increased expenses must be passed on to consumers. Other manufacturers, including Hyundai, Honda, and Mahindra, have also raised prices due to inflation and commodity prices. Maruti Suzuki shares rose slightly to Rs 11,578.50 on BSE.

Related News

Maruti Suzuki becomes 19th listed Indian firm to cross milestone of Rs 4 lakh cr m-cap

Money Control

Money Control · 1y ago

Maruti Suzuki becomes 19th listed Indian firm to cross milestone of Rs 4 lakh cr m-cap

Maruti Suzuki India Ltd (MSIL) has joined India's 4 lakh crore market capitalisation club. The company's shares have surged over 23% in 2024, pushing its market cap over the milestone. Maruti Suzuki has benefited from a weaker yen, which has cut costs for imported goods and services, and exceeded expectations in Q3FY24 with a 33% increase in net revenue driven by growth in the premium utility vehicle segment and robust exports. The company's focus on SUVs and its tech-agnostic approach in the evolving landscape position it well for future growth.

Maruti Suzuki plans to dispatch 35 pc of total vehicle production via railways in 7-8 yrs

YourStory

YourStory · 1y ago

Maruti Suzuki plans to dispatch 35 pc of total vehicle production via railways in 7-8 yrs

Maruti Suzuki India plans to increase its use of Indian Railways to transport 35% of its vehicles produced in the next 7-8 years, up from the current 21.5%. The automaker aims to maximize the utilization of railways as it doubles its production capacity from 2 million units to 4 million units by 2030-31. Maruti Suzuki has already transported over 2 million units via Indian Railways and operates in 20 destinations, serving over 450 cities. The company aims to reduce CO2 emissions and achieve fuel savings through these efforts.

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

OutlookIndia

OutlookIndia · 3m ago

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

Tata Motors reported a 7% decline in overall domestic sales in April, selling 72,753 vehicles compared to 77,521 the previous year. Both commercial and passenger vehicle sales fell, with commercial vehicle sales dropping by 8% and passenger vehicles by 5%. Notably, the electric passenger vehicle sales witnessed a significant 16% decline. Despite initial stock drops, Tata Motors shares rebounded slightly. Meanwhile, competitor Maruti Suzuki recorded a 7% sales growth, including exports.

Maruti Suzuki's first plant in Kharkoda to be operational by 2025; will add 2.5 lakh cars a year to production

Money Control

Money Control · 1y ago

Maruti Suzuki's first plant in Kharkoda to be operational by 2025; will add 2.5 lakh cars a year to production

Maruti Suzuki plans to set up its first plant in Kharkoda, Haryana, with an annual production capacity of 250,000 cars. The plant is expected to be operational by 2025. The company aims to establish four plants in Kharkoda, with a total capacity of 1 million units. The plants will be set up by Jay Bharat Maruti Ltd, a joint venture between JBM Group and Maruti Suzuki India. Maruti Suzuki recently reported a 48% increase in net profit for the fourth quarter of FY24.

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Livemint

Livemint · 1y ago

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Indian automobile manufacturers Maruti Suzuki and Tata Motors both reported declining sales for August 2024. Maruti Suzuki saw a 3.9% decline in sales, with a total of 181,782 units sold. Tata Motors reported an 8% reduction in sales, with a total of 70,006 units sold. Maruti Suzuki's decline was largely driven by a decrease in sales in the small car segment, while Tata Motors saw a decline in both commercial vehicle and passenger vehicle sales.

Bullish calls on Maruti after UP's hybrid tax break sends stock to all-time high

Money Control

Money Control · 1y ago

Bullish calls on Maruti after UP's hybrid tax break sends stock to all-time high

Maruti Suzuki's stock price surged after the Uttar Pradesh (UP) government waived registration fees on hybrid cars. Analysts from Citi, Morgan Stanley, and Macquarie have expressed optimism about the move. The tax waiver is seen as a positive development for Maruti Suzuki, potentially leading to more hybrid model launches. The registration waiver could reduce the on-road price of hybrid cars by up to Rs 4 lakh. This policy by UP could inspire other states to adopt similar incentives, boosting the demand for hybrid vehicles.

Maruti Suzuki will continue efforts in low-cost car segment; budget buyers in focus: Report

Livemint

Livemint · 1y ago

Maruti Suzuki will continue efforts in low-cost car segment; budget buyers in focus: Report

Maruti Suzuki India plans to continue manufacturing low-cost small cars for budget-conscious consumers, according to RC Bhargava, the company's Chairman. Despite a dip in the small car segment of the passenger vehicle market, Maruti Suzuki aims to meet societal and economic needs by offering affordable and safe options. Additionally, the company is exploring green technologies, including strong hybrids, CNG, and ethanol, to reduce carbon emissions and improve fuel efficiency. Maruti Suzuki is also planning to launch electric vehicles in the near future and has begun trials for biogas production.

Maruti Suzuki eyes 3 lakh exports in FY25, 8 lakh by 2030: CEO Rahul Bharti

Livemint

Livemint · 1y ago

Maruti Suzuki eyes 3 lakh exports in FY25, 8 lakh by 2030: CEO Rahul Bharti

Maruti Suzuki India is confident in surpassing 300,000 units in overseas shipments for FY25. The company plans to introduce more models in its export markets and strengthen its distribution network. Maruti Suzuki aims to scale up drastically and reach up to 800,000 units by 2030. The company's strategy aligns with the Indian government's vision to boost exports. Maruti Suzuki achieved a historic milestone in exports in FY24, reaching 283,067 units. The key export destinations for the company include South Africa, Saudi Arabia, Chile, Mexico, the Philippines, Indonesia, and Ivory Coast.

Automobile major Maruti Suzuki acquires 6.4% stake in AI startup Amlgo for Rs 1.99 crore

IndianStartupNews

IndianStartupNews · 1y ago

Automobile major Maruti Suzuki acquires 6.4% stake in AI startup Amlgo for Rs 1.99 crore

Indian automaker Maruti Suzuki has acquired a 6.44% stake in AI startup AmIgo Labs for approximately $238,000. The investment, facilitated through the Maruti Suzuki Innovation Fund, will enhance the company's data-driven decision-making capabilities in the automotive sector. AmIgo Labs specializes in analytics, cloud engineering, machine learning, and AI, and will support Maruti Suzuki in improving the quality of new models through advanced analytics and machine learning techniques. The collaboration is expected to benefit both parties, with Maruti Suzuki providing mentorship and networking opportunities to help AmIgo Labs scale up its operations.

Maruti Suzuki signs MoU with Equitas Small Finance to offer financing options

Economic Times

Economic Times · 3m ago

Maruti Suzuki signs MoU with Equitas Small Finance to offer financing options

Maruti Suzuki India Ltd has partnered with Equitas Small Finance Bank to offer vehicle financing options. A memorandum of understanding was signed to provide retail financing for new cars, used cars, and commercial vehicles, aiming to enhance accessibility and affordability for a broader range of customers. The partnership is expected to drive growth and customer satisfaction by offering tailored, competitive financing solutions, leveraging Equitas' customer base to benefit diverse Maruti Suzuki customer profiles.

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