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Maruti Suzuki surges on robust December sales and bullish outlook

Maruti Suzuki surges on robust December sales and bullish outlook

Thu, Jan 02, 2025

Maruti Suzuki shines with a thirty per cent sales surge in December, bullish EV plans, and strong demand; stock rallies three per cent as pending bookings surpass two lakh units.

Auto stocks shine on upbeat December sales; Eicher Motors hits record high

Auto stocks shine on upbeat December sales; Eicher Motors hits record high

Thu, Jan 02, 2025

Total tractor sales (domestic + exports) increased 19.9 per cent at 22943 units in the last month, as against 19,138 units for the same period last year.

Ex-Suzuki Motor president Osamu, who played key role in Maruti-Suzuki partnership, passes away at 94

Ex-Suzuki Motor president Osamu, who played key role in Maruti-Suzuki partnership, passes away at 94

Fri, Dec 27, 2024

Osamu Suzuki's company's association with India reportedly became a game-changer for the Indian automotive industry when Suzuki joined hands with Maruti after turning down the Indian company's offer initially. It was only Osamu, who reportedly forced his company to reconsider the decision, as the two partners launched the Maruti Suzuki car in 1983.

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Maruti Suzuki to setup 150 True Value outlets by March 2018 as part of revamp

Maruti Suzuki to setup 150 True Value outlets by March 2018 as part of revamp

Thu, Aug 10, 2017

Maruti Suzuki will open 150 True Value outlets by March 2018 as part of its revamp of the pre-owned cars unit.

Automobile companies feel the impact of GST in Q1 results

Automobile companies feel the impact of GST in Q1 results

Fri, Aug 04, 2017

Several automobile companies reported an impact due to the rollout of GST and a one-time charge incurred as they had compensate dealerships for unsold inventory.

Why automobile retail sales in July remained muted despite positive wholesale figures

Why automobile retail sales in July remained muted despite positive wholesale figures

Thu, Aug 03, 2017

Sales of automobiles at the retail level remain muted during the month of July chiefly due to the pre-GST sales during the month of June.

GST gives good growth momentum to car sales in July

GST gives good growth momentum to car sales in July

Tue, Aug 01, 2017

Automobile sales in July saw a huge surge in sales due to the implementation of GST and higher wholesale sales due to stocking at dealership level.

Vitara Brezza helps Maruti Suzuki sell 20% more cars in July 2017

Vitara Brezza helps Maruti Suzuki sell 20% more cars in July 2017

Tue, Aug 01, 2017

Compact cars like Swift, Ritz, Celerio, Ignis Baleno and Dzire sales were up 25.3%, at 63,116 units.

Demand for new car launches pushes Maruti Suzuki's wait period beyond 16 weeks

Demand for new car launches pushes Maruti Suzuki's wait period beyond 16 weeks

Fri, Jul 28, 2017

New car launches such as Baleno, the new Dzire and Vitara Brezza have a wait period of 16-20 weeks due to the surge in demand.

Exports remain a sore point for Maruti Suzuki in Q1

Exports remain a sore point for Maruti Suzuki in Q1

Thu, Jul 27, 2017

Maruti Suzuki's net profit grew by 4.4% in Q1 FY18. While domestic sales grew by a robust 14.3%, exports remained flat during the quarter.

Buying a car? These 10 cars saw massive sales drop in June 2017

Buying a car? These 10 cars saw massive sales drop in June 2017

Wed, Jul 12, 2017

Passenger car sales in India dropped 11.21% from 1,94,932 units in June 2017 from 2,13,331 units in the same month of last year. However, the cars that saw worse sales drop included Toyota Corolla, Maruti Suzuki S-Cross and Swift.

Seven out of top 10 cars sold in June were Maruti Suzukis; see list

Seven out of top 10 cars sold in June were Maruti Suzukis; see list

Wed, Jul 12, 2017

Maruti Suzuki is the market leader when it comes to car sales in India and June was no different. Data provided by Society of Indian Automobile Manufacturers (SIAM) show that seven out of the top 10 cars that were sold in India in the month of June 2017 belonged to Maruti Suzuki.

Nissan cuts prices on average by 3%; Tata Motors reduces prices by up to 8.2%

Nissan cuts prices on average by 3%; Tata Motors reduces prices by up to 8.2%

Thu, Jul 06, 2017

Nissan and Tata Motors joins in the line of car companies that have announced a reduction in prices due to the implementation of GST.

Car sales expected to bounce back in July on lower prices, deferred purchases

Car sales expected to bounce back in July on lower prices, deferred purchases

Tue, Jul 04, 2017

Car companies reported a decline in sales during the month despite the heavy discounts due to deferred purchases by buyers as a result of GST.

Why pre-GST discounts offered by car makers fail to sway buyer in June as sales fall

Why pre-GST discounts offered by car makers fail to sway buyer in June as sales fall

Mon, Jul 03, 2017

Car companies in the month of June saw a decline in sales even despite offering large discounts due to the implementation of GST from July 1.

Here is why the govt has dumped hybrid cars from its electric vehicle plan in India

Here is why the govt has dumped hybrid cars from its electric vehicle plan in India

Mon, Jul 03, 2017

While the government has given a lower 12% GST rate on electric vehicles, hybrid vehicles will incur a GST rate of 43%. Many automobile companies are angry with the government's decision.

GST speculations affect passenger vehicle sales of major auto firms in June

GST speculations affect passenger vehicle sales of major auto firms in June

Sat, Jul 01, 2017

Country's largest car maker Maruti Suzuki India (MSI) today posted 1.2 per cent rise in domestic sales in June but rival Hyundai, Tata Motors and Mahindra reported decline during the month impacted by speculations over GST tax structure.

GST effect: Maruti, Audi, JLR reduce prices of various models

GST effect: Maruti, Audi, JLR reduce prices of various models

Sat, Jul 01, 2017

Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have reduced prices on various models.

Maruti cuts prices by up to 3% to pass on GST relief

Maruti cuts prices by up to 3% to pass on GST relief

Sat, Jul 01, 2017

Top automaker Maruti Suzuki India (MSI) has slashed prices of its models by up to 3 per cent with immediate effect in order to pass on GST benefit to its customers. In a statement today, the company said it has transmitted the entire benefit of GST rates on vehicles to its buyers.

Alto growth helps Maruti Suzuki gain more market share in mini car segment

Alto growth helps Maruti Suzuki gain more market share in mini car segment

Mon, Jun 26, 2017

Maruti Suzuki saw its dominance grow with a recovery in the mini car segment and the growth of Alto during the month of May.

Goldman Sachs picks four Indian companies for its Asia Stock Collection; look how they performed in one year

Goldman Sachs picks four Indian companies for its Asia Stock Collection; look how they performed in one year

Wed, Jun 21, 2017

"Asia is the home of Active. From Alibaba to Yili, Alps to Maruti, we go back to first principles on our differentiated, liquid and idiosyncratic stock ideas in Asia", Goldman Sachs said in Asia Stock Collection report.

Looking to buy a car? Festive season starts early with auto firms offering pre-GST discounts

Looking to buy a car? Festive season starts early with auto firms offering pre-GST discounts

Fri, Jun 16, 2017

Car dealerships across India are offering festive season type discounts in June due to the implementation of GST from July 1. Here are some of the discounts offered by auto firms.

From apparels to automobiles, companies offer huge discounts to clear pre-GST stock

From apparels to automobiles, companies offer huge discounts to clear pre-GST stock

Fri, Jun 16, 2017

Companies such as Woodland, Levi's and other apparel companies to automobile companies including passenger cars and two-wheeler firms are offering pre-GST discounts.

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