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October was one of the best months for the auto industry since the pandemic, with two-wheeler sales rsing 11.9% on the month and four-wheeler sales up 9.2%
July-September has been a quarter of good fortune for India’s largest carmaker as a confluence of factors chipped in to make it the best one in recent years.
Maruti Suzuki (MSIL) Chairman RC Bhargava said on Friday that the revival of entry-level car sales is very important for the growth of India’s passenger vehicle (PV) industry.
Suzuki Motor Co, parent of India’s largest carmaker, officially confirmed plans to take total production capacity to over 4 mln vehicles by 2030 from 2.25 mln at present
Proposed sale of Suzuki Motor Gujarat plant is expected to be completed before March 31, 2024, says carmaker.
The move will simplify the management of Maruti Suzuki's various operations in the country, the automaker said.
Analysts were surprised by sales momentum in two segments in September – commercial vehicles and SUVs – even as other segments saw tepid demand.
The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August 2022, Maruti Suzuki India said in a regulatory filing.
Following the strong set of numbers, shares of MSIL soared 4% to hit a fresh record high of `10,397.95 on Friday.
The company has reached 20 lakh units in production and sales through 40 years and aims to double that in the next eight years.
It will be important to see how much MSIL scores in the Bharat NCAP as the company models have scored low ratings in the Global NCAP tests.
Share prices move in tandem with profits. They do not care about anything else. There could be a short-term trend of volatility.
Country’s largest carmaker Maruti Suzuki sold 152,126 units of passenger vehicles (PV) in the domestic market last month as against 142,850 units in July 2022, a marginal growth of 6.50% year-on-year.
As per MSIL, they need to double their production capacity to about 4 million (40 lakhs) cars per annum by 2030-31 to meet future demand.
Japan hopes that for further cooperation, India would extend support in providing a stable business environment.
In a release, the automaker on Monday announced to recall 87,599 vehicles (S-Presso and Eeco) manufactured between July 5, 2021, and February 15, 2023.
For the first time, Maruti is looking beyond the affordable segment and has come up with Invicto, its own Innova
For the first time, Maruti is looking beyond the affordable segment and has come up with Invicto, its own Innova.
Meanwhile, shares of Maruti Suzuki crossed the Rs 10,000 mark for the first since 2017. The stock ended 3.61% higher at Rs 9994.50 and its market capitalisation past the Rs 3 lakh crore mark.