Maruti Suzuki | The Asian Age

Tuesday, Apr 23, 2024 | Last Update : 11:50 AM IST

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Hit by subdued demand in the Indian passenger car market, Maruti Suzuki, India’s biggest car maker, on Thursday reported a massive 39.4 per cent year-on-year drop in net profit for the September quarter at Rs 1,358.60 crore due to weak auto sales amid subdued demand in the economy.

Maruti Q2 profit tanks 39 per cent

The revenue during the quarter dropped 24.3 percent year-on-year to Rs 16,985.3 crore as volumes fell 30 per cent year-on-year.

25 Oct 2019 1:47 AM

Revenue from operations in the second quarter stood at Rs 16,123.2 crore as against Rs 21,553.7 crore in the year-ago period.

Maruti Q2 net profit drops 39 per cent to Rs 1,391 crore

The company had posted a consolidated net profit of Rs 2,280.2 crore in the same period a year ago.

24 Oct 2019 2:24 PM

Maruti Suzuki, which is offering cash discounts and extended warranties on various models, witnessed its sales jump by 18-20 per cent last month as compared with July and August.

Consumer offers at peak, will go down post October: Maruti

We clearly tried to revive the market but we cannot have high level of promotions at all the time, said MSI's Shashank Srivastava,

13 Oct 2019 3:17 PM

Mid-sized sedan Ciaz saw its production reduced to 2,350 units in September from 4,739 units in the same month last year.

Maruti cuts production for 8th straight month in September

Company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month.

08 Oct 2019 12:28 PM

Maruti Suzuki, India’s biggest car maker, on Monday launched its much-awaited new small hatchback, or Mini SUV S-Presso, as the company dubbed it, with the starting price of Rs 3.69 lakh to boost sales in Asia’s third biggest car market during the festive season and beyond.

Maruti S-Presso starts at Rs 3.69 lakh

The hatchback will be retailed countrywide through the ARENA retail network.

01 Oct 2019 2:08 AM

Under the deal Ford will transfer most of its automotive assets and employees in India to the new company, but the carmaker will retain an engine plant in Sanand in the western state of Gujarat, according to the two sources.

Ford to end independent operations in India, Mahindra to lead the JV: Sources

The two companies have for months been structuring the deal to create a new entity in which Ford will hold a 49 per cent stake.

26 Sep 2019 3:11 PM

The Maruti Suzuki cars that will see a reduction in prices include Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross.

Maruti cuts prices to boost sales during festival season

The carmaker said the move was aimed at reviving demand by sharing “the benefits of corporate tax reduction with its customers”.

26 Sep 2019 2:03 AM

The company's price reduction comes days after the government cut corporate tax last week with an aim to help industry overcome slowdown.

Maruti Suzuki cuts prices of select models by Rs 5,000

The new prices will be applicable from September 25, 2019, across the country.

25 Sep 2019 10:55 AM

Maruti S-Presso will be its first small SUV-styled hatchback like the Renault Kwid to revolutionize the growing entry level car market in Asia’s third biggest economy.

Maruti bets big on new S-Presso

ABS, driver-side airbag, rear parking sensors, seat-belt reminders, a digital speedometer and a speed alert system will be standard across the range.

25 Sep 2019 1:40 AM

Indian auto sales fell for the 10th straight month in August, marking one of the worst slowdowns in the industry’s history.

India's biggest carmaker Maruti sees higher sales in September

August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times.

24 Sep 2019 10:35 AM

Manufacturing is barely limping at around 5 per cent and we need to lift it to 15 per cent, said chairman of Maruti Suzuki RC Bhargava. (Photo: File)

Tax cuts to boost industry; now need to focus on spurring demand: India Inc

These tax cuts will have tremendous positive effect. We will soon see a turnaround, said Godrej Group Chairman Adi Godrej.

22 Sep 2019 6:17 PM

MSI executive director (marketing and sales) Shashank Srivastava said that while cars and vans (A and C segment) have performed well, there has been a drop in sales of utility vehicles (B segment).

Maruti Suzuki's PV mkt share shrinks in April-Aug; Hyundai, Mahindra gain

Maruti Suzuki sold 5,55,064 units this fiscal as compared with 7,57,289 units during April-August previous year.

15 Sep 2019 2:08 PM

India has 46 per cent of the car buyers who are first time users.

Millennials opting for Ola, Uber not that a big factor for current slowdown: Maruti Suzuki

Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in automobile industry.

12 Sep 2019 10:58 AM

The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month.

Maruti to halt production at Haryana plant for two days

Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August.

04 Sep 2019 1:25 PM

Sales of mini cars comprising Alto and WagonR stood at 10,123 units as compared to 35,895 units in the same month last year, down 71.8 per cent.

Maruti reports 33 pc drop in Aug sales at 1,06,413 units

Domestic sales declined by 34.3 per cent at 97,061 units last month as against 1,47,700 units in August 2018, the company said.

01 Sep 2019 7:15 PM

Maruti plans to increase CNG vehicles by 50 per cent this year, Bhargava said.

Maruti Suzuki cuts 3,000 contract jobs

Auto sales declining for ninth straight month, more auto manufacturers are laying off workers and temporarily halting production.

27 Aug 2019 1:28 PM

Owners of the suspected vehicles will be contacted by MSI dealers for inspection and replacement of the faulty parts, free of cost, MSI said.

Maruti recalls 40,618 units of WagonR to rectify fuel hose system

Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.

23 Aug 2019 1:47 PM

The current slump and production cuts have led to job cuts in Maruti.

Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki

The temporary workers were not renewed due to the slowdown while asserting that permanent workers have not been impacted.

17 Aug 2019 11:35 AM

Market leader Maruti Suzuki India's production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. (Representational image)

Passenger vehicle output down 13.18 pc in Apr-Jul as major cos cut production

PV production in the April-July period stood at 12,13,281 units as against 13,97,404 units in same period last fiscal.

15 Aug 2019 1:07 PM

The data shows how urgent the need is for revival package from the government. There is urgent need for some kind do action, said SIAM Director General Vishnu Mathur.

Auto sales in India sees sharpest fall 19 yrs in July; 15,000 workers lose jobs

Domestic PV sales also saw the biggest fall in nearly 19 years, slumping by 30.98 pc to 2,00,790 units.

13 Aug 2019 3:15 PM

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Aakar Patel