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The Economic Times

Maruti plans 25,000 charging points ahead of its first EV launch

Maruti Suzuki India is set to launch its first electric vehicle, the Concept eVX SUV, in January 2025. The company plans to establish around 25,000 EV charging points and collaborate with oil marketing and energy companies to build a robust charging ecosystem. This initiative aims to address the challenges of EV adoption in India.

The Economic Times

Maruti Suzuki India Share Price Live Updates: Maruti Suzuki India Sees Minor Price Increase Amid Lower Trading Volume

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The Economic Times

Discounts, offers drive car, electronics sales in Onam, Ganesh Chaturthi

Hefty discounts and promotional offers have spurred an increase in car and consumer electronic sales during the Ganesh Chaturthi and Onam festivals. Maruti Suzuki reported a 10% rise in bookings in Kerala, while two-wheeler sales grew by over 15%. However, premium products continue to drive most of the demand across various consumer goods.

Business Standard

Maruti to Tata Motors, carmakers offer festive discounts to attract buyers

Based on industry data, the average discounts by the top 13 players in 2023 were Rs 34,630, which increased to Rs 38,816 so far in 2024

Business Standard

Maruti to M&M, carmakers in the fast lane to roll out festival discounts

Based on industry data, the average discounts by the top 13 players in 2023 were Rs 34,630, which increased to Rs 38,816 so far in 2024

Business Standard

Maruti Suzuki Swift CNG launched in India, Check features, engine, and more

The new Swift CNG has been launched in India with a starting price of Rs 8.19 lakh. The carmaker discontinued diesel models and aims to sell over six lakhs in FY 2024-25

The Economic Times

Kumar Rakesh on why he is not worried about Tata Motors; 2 auto stocks to bet on

Kumar Rakesh of BNP Paribas highlights Maruti Suzuki as a top long-term pick due to attractive valuations. He notes mixed demand trends globally, with inventory pressures in passenger vehicles and two-wheelers. Tata Motors' FY25 guidance remains achievable despite some recent challenges. Ashok Leyland is favored in the commercial vehicle segment.

Business Standard

Maruti Suzuki India launches S-CNG variant of the Epic New Swift

Positioned as India's most fuel-efficient premium hatchback

Business Standard

Maruti Suzuki targets to sell 600K CNG vehicles this fiscal: Official

Maruti Suzuki India is looking to sell around 6 lakh CNG vehicles in the current fiscal, an increase of around 25 per cent as compared to FY24, according to a senior company executive. The country's largest carmaker company on Wednesday expanded its CNG model range as it rolled out its premium hatchback Swift with S-CNG trims. "This fiscal we are targeting to sell around 6 lakh CNG units. We ended last year with sales of around 4.77 lakh units," Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Partho Banerjee told PTI in an interaction. In the April-August period this fiscal, the auto major has so far sold 2.21 lakh units, he added. The new Swift comes in three variants priced at Rs 8.19 lakh; Rs 8.46 lakh and Rs 9.19 lakh respectively. Banerjee said the S-CNG trims deliver a fuel-efficiency of 32.85 km/kg. "The company pioneered the production of CNG vehicles in India back in 2010. Since then, we have sold over 2 million S-CNG vehicles to date, contributing to

The Economic Times

Maruti Suzuki targets to sell 6 lakh CNG units this fiscal: Official

Maruti Suzuki India aims to sell around 6 lakh CNG vehicles this fiscal, a 25% increase from FY24. The company has expanded its CNG model range with the new Swift S-CNG trims. Last year, they sold 4.77 lakh units and have already sold 2.21 lakh units this fiscal.

The Economic Times

Maruti Suzuki launches Swift S-CNG hatchback cars at an ex-showroom price of Rs 8.19 lakh

Maruti Suzuki's Indian subsidiary has launched the S-CNG variant of the Epic New Swift, boasting a fuel efficiency of 32.85 km/kg. The new model features a Z-series Dual VVT engine, available in three variants with enhanced safety and comfort features. Prices start at Rs 8.19 lakh ex-showroom.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

Tata Motors, Axis Bank, Maruti Suzuki, Nestle India and Bajaj Finserv were among the top losers on NSE.

The Economic Times

Maruti Suzuki, SBI Life among 5 stocks with short covering

Short covering occurs when traders repurchase shares they had previously sold short, often due to a change in market sentiment or new information. This generally reduces open interest and can push stock prices higher. On Wednesday, five stocks experienced short covering

Business Standard

Stocks To Watch: SpiceJet, Maruti Suzuki, Reliance, M&M, Lemon Tree

SpiceJet has reached a deal with Carlyle Group's commercial aviation unit to write off a $40.2 million payment obligation and a $30 million conversion of arrears into equity.

Business Line

Maruti looks at significantly raising overseas shipments by 2030

Automaker to launch its first electric car with 500-km range at Bharat Mobility in January

Business Standard

Will Maruti put India's EV mission on fast lane? MSIL MD & CEO believes so

Japanese carmaker wants 'sustainable' growth in electric car market by addressing three major concerns

The Economic Times

Maruti Suzuki to launch 1st electric car with comprehensive ecosystem to address EV concerns

Maruti Suzuki is set to launch its first electric vehicle, a mid-size SUV eVX, with a range of over 500 kms. The company aims to address concerns about range anxiety, charging infrastructure, and resale value. Additionally, Maruti Suzuki plans to introduce strong hybrids, hydrogen, and bio-fuel models to reduce carbon emissions.

Business Standard

Maruti Suzuki looks to establish holistic ecosystem for EV buyers

The country's largest carmaker Maruti Suzuki India is looking to establish a holistic ecosystem for electric vehicle buyers as it gears up to introduce its first battery-powered model early next year. The company will look at setting up charging infrastructure for EVs and also other critical elements like having resale avenues for such models. "We are not only going to launch the product, we are going to basically provide a complete ecosystem for the customers who are going to be part of the electric vehicle family," Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Partho Banerjee told reporters on the sidelines of the 64th SIAM annual session here. He noted that the biggest concern for EV users is regarding the range. "Secondly, it is the EV infrastructure and thirdly it is about the residual value of the vehicle after five years," Banerjee said. He stated that the company's first EV model, a mid-sized SUV, would be unveiled at the Bharat Mobility show in ..

The Economic Times

Maruti Suzuki eyes significant increase in exports by 2030

Maruti Suzuki India aims to significantly boost its overseas shipments by 2030, with plans to triple exports in six years. The company is also focusing on various technologies like electric vehicles, biofuels, and hydrogen to combat carbon emissions and reduce oil consumption. Maruti Suzuki seeks self-reliance in the value chain and deep localisation.

The Economic Times

Maruti Suzuki India to export EVs to Europe, Japan soon

Maruti Suzuki India plans to export high-specification electric vehicles with a range of 500 km, powered by a 60 kWh battery. The company aims to increase customer confidence by offering multiple EV products and after-sale support. They also plan to develop biofuel and hydrogen models to combat carbon emissions and increase exports significantly by 2030.

Business Standard

Maruti Suzuki eyes significant increase in exports by 2030: MD, CEO

Maruti Suzuki India (MSI) is looking at a significant increase in its overseas shipments by 2030, MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at the 64th annual session of industry body SIAM here, he noted that the automaker's overseas shipments will witness "multiples of growth" in coming years. "There is no reason why India should not target a big pie of global trade. As Maruti Suzuki, I can tell you we are not talking about percentage growth but in terms of multiples of growth. So, our exports from India today are three times of what we had four years ago. Not only that, our exports will be 3 times of today in about 6 years from today," Takeuchi said. The company is already exporting some vehicles back to Japan, he said. Last month Maruti Suzuki commenced export of its sports utility vehicle Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port. Fronx is the first SUV from the MSI stable to be launched in Japan. MS

The Economic Times

The Tata-Marutis of India drive clearance sale offer. But what's the need for it?

As the festival season arrives, major automakers are offering significant discounts on cars to address a growing inventory surplus. Tata Motors has reduced prices on popular models by up to Rs 2.05 lakh, while Maruti Suzuki has cut prices on certain small cars by up to Rs 6,500.

The Economic Times

Imperative to develop robust local ecosystem for electronics production: Maruti Suzuki

Maruti Suzuki India MD and CEO Hisashi Takeuchi emphasised the need for the automotive industry to become self-reliant in producing electronic parts, particularly semiconductors. Speaking at the 64th annual ACMA session, he highlighted the importance of innovation, local market understanding, and collaboration across the value chain to integrate advanced features affordably and reduce dependency on imports.

Business Standard

Auto parts maker Motherson to launch $715 mn share sale to tap stock mkt

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz

The Economic Times

Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue

The Indian government will maintain a significant tax difference between electric vehicles and hybrids to promote zero-emission technologies. G20 Sherpa Amitabh Kant confirmed the policy at a Mercedes-Benz event, emphasizing the push for electrification. This decision impacts auto companies like Maruti Suzuki, Toyota, and Honda, who have been lobbying for lower GST rates on hybrids.

Business Standard

Maruti Suzuki contributes Rs 3 cr to PM CARES fund for flood relief

Maruti Suzuki India on Tuesday said it has donated Rs 3 crore to the PM CARES fund for flood relief across various states. The company's contribution aims to support the government's relief and rebuilding efforts across the country, the auto major said in a statement. "We stand in solidarity with the individuals and families affected by the recent natural calamities. In times of crisis, it is a collective responsibility to stand together and rebuild," Maruti Suzuki India MD and CEO Hisashi Takeuchi said. The contribution is a humble gesture to support the government relief and rehabilitation efforts for affected communities, he added.

Business Standard

Toyota, Maruti launch hybrid push in UP to capitalise on tax waivers

The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer

The Economic Times

Toyota, Maruti get into top gear with marketing for hybrids in Uttar Pradesh

Japanese automakers Toyota and Maruti Suzuki are aggressively marketing their hybrid cars in Uttar Pradesh, leveraging tax waivers to attract buyers. This move has sparked concerns among rivals like Tata Motors and Hyundai, who fear it will hurt their electric vehicle sales. Hybrid car inquiries have surged, driven by significant tax savings.

The Economic Times

Pramod Amthe on raising Nifty target; 3 top bets in FMCG & auto

Pramod Amthe of InCred Capital remains cautious on defence and railway sectors, favoring FMCG stocks like Marico and Britannia. He highlights promising opportunities in auto companies such as Hero MotoCorp and Maruti as well as Ashok Leyland in CVs. Amthe sees potential in capex-led capital goods and expects strong growth in the two-wheeler segment.

Business Standard

48% tax on hybrid cars, 5% on electric to continue for 'long time': Kant

Major car makers such as Maruti Suzuki India and Toyota Kirloskar Motor have been asking for lowering of taxes on hybrid cars

The Economic Times

Tata Steel, ITC among 10 stocks that earned upgrades in the last 1 month

Several brokerages have recently upgraded the target prices for stocks like Tata Steel, ITC, Britannia, SBI, and Maruti Suzuki. These upgrades indicate potential price increases ranging from 2% to 15% based on current market prices. The detailed list includes target prices for each stock, showing market optimism for these companies.

The Economic Times

Brezza races past Creta, tops sales charts in August

Maruti Suzuki sold 19,190 units of the Brezza in August, ahead of Hyundai's flagship SUV, Creta which sold around 16,760 units. While Creta slipped to the third spot in the best-selling list last month, Tata Motors' popular model Punch fell to the fifth position with sales of about 15,640 units.

CNBC TV18

Vedanta, Medi Assist, Adani Green, Matrimony and more: Top stocks to watch out for on September 3

stocks to watch, Vedanta, Medi Assist, Adani Green, Matrimony.com, Welspun Corp, NMDC, Maruti Suzuki, IEX and more, these are the stocks to watch for today.

The Economic Times

Tata Motors eyes gains in SUV space; expands portfolio with new model Curvv

The Mumbai-based auto major on Monday launched midsize SUV coupe Curvv with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August. The model would be competing with the likes of Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, and Honda Elevate, among others.

CNBC TV18

Maruti Suzuki reports 2.2% increase in August production at 1.69 lakh units

This comes after the company reported a 3.9% YoY decline in total sales for August 2024. Shares of Maruti Suzuki India Ltd ended at ₹12,424.85, up by ₹3.60, or 0.029% on the BSE.

Business Standard

Maruti Suzuki India sells 1.81 lakh units in Aug'24

Total sales in the month include domestic sales of 145,570 units, sales to other OEM of 10,209 units and exports of 26,003 units. The company's domestic sales declined 8.26% while sales to other OEM and exports rose 76.32% and 5.64% respectively on year-on-year basis.

The Economic Times

Maruti Suzuki, Hyundai and Tata Motors reduce wholesale deliveries amid low consumer demand

Top car makers Maruti Suzuki, Hyundai, and Tata Motors have reduced wholesale deliveries to dealerships due to subdued consumer demand compared to last year, leading to inventory buildup. Conversely, Kia and Toyota are increasing dealer supplies. The industry is preparing for the festive season, starting with Ganesh Chaturthi.

Business Standard

Maruti to drive deep into small towns via Arena Satellite showrooms

Banerjee said that in the digital era, there is no real divide between urban and rural. However, in Tier-II and Tier-III cities, there is an affinity for hatchbacks

The Economic Times

Maruti Suzuki cuts prices of Alto K10, S-Presso variants

Maruti Suzuki has reduced prices of select variants of its small cars, Alto K10 and S-Presso, by up to Rs 6,500. This move follows recent challenges in the small car market due to higher costs from new regulations and stagnant household incomes. The revised prices take effect from September 2.

Business Standard

Maruti slashes prices of Alto K10, S-Presso variants amid drop in sales

In August alone, MSIL sold a total of 10,648 units of the two mini cars, recording a drop of 12.8% Y-o-Y