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India`s Maruti Suzuki approves issue of shares to parent Suzuki Motor Corp India's Maruti Suzuki on Tuesday said it had approved an issue of equity shares to its parent Suzuki Motor Corporation to pay for the Gujarat plant it will buy from its Japanese parent. The plant was last valued at a book value of 127.55 billion rupees ($1.54 billion), the country's top automaker by volume said last week. Details of the actual deal value, including the issue price and number of shares, will be set in a subsequent board meeting, the company said on Tuesday. The m...
India`s Maruti Suzuki approves issue of shares to parent Suzuki Motor Corp
India`s Maruti Suzuki approves issue of shares to parent Suzuki Motor Corp
Source: Reuters
8/08/2023 1:01:48 PM
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant Automobile major Maruti Suzuki India Ltd has decided to acquire Suzuki Motor Gujarat Pvt Ltd (SMG) from its Suzuki Motor Corporation (SMC) for a sum to be arrived at later, a top official said. Briefing reporters about the Board of Directors' decision, Chairman R.C.Bhargava said the SMG was set up as a 100 per cent contract manufacturer for Maruti Suzuki India in Gujarat in 2014. Over the years, the dynamics of the automobile industry has changed with several powertrain technologies...
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant
Source: IANS
31/07/2023 5:39:35 PM
Renault-Nissan plan India reboot in test of reshaped alliance  A revamped alliance between Renault and Nissan will face an early test in India, where the automakers plan new investment in a bid to close the gap on rivals, people with knowledge of the plans told Reuters. The automakers reached a deal in principle on Monday to restructure their two-decade partnership by putting both companies on an equal footing in terms of shareholding and with Nissan investing in Renault's new electric vehicle (EV) unit. The French and Japanese companies ...
Renault-Nissan plan India reboot in test of reshaped alliance
Renault-Nissan plan India reboot in test of reshaped alliance
Source: Reuters
2/02/2023 3:54:23 PM
Suzuki Motor to launch more SUVs to recover market share in India NEW DELHI - Japan's Suzuki Motor Corp is in the process of launching more SUVs to recover lost market share in India, President Toshihiro Suzuki told reporters in New Delhi on Wednesday. Suzuki also said the company sees the potential of long term growth in the small car segment, adding that Suzuki and its Indian unit, Maruti Suzuki, will work to maintain 50% share of the Indian car market.
Suzuki Motor to launch more SUVs to recover market share in India
Suzuki Motor to launch more SUVs to recover market share in India
Source: Reuters
11/01/2023 12:21:35 PM
Suzuki Motor`s India unit unveils concept electric SUV, sees 2025 launch NEW DELHI- Suzuki Motor Corp's Indian unit showcased a concept electric sport utility vehicle (SUV) at India's biennial car show on Wednesday, with the Japanese car maker's president saying the car would be launched in 2025. "I'm delighted to unveil the eVX, a concept SUV of our first global strategic EV (electric vehicle). We plan to bring it to market by 2025," said Suzuki Motor President Toshihiro Suzuki, speaking at an auto show event on the outskirts of ...
Suzuki Motor`s India unit unveils concept electric SUV, sees 2025 launch
Suzuki Motor`s India unit unveils concept electric SUV, sees 2025 launch
Source: Reuters
11/01/2023 10:26:39 AM
Toyota launches second hybrid vehicle in India amid green car push Toyota Motor Corp on Friday launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets. The Innova HyCross, a hybrid version of the popular multi-purpose vehicle that Toyota already sells in India, builds on the success of its hybrid sport-utility vehicle (SUV), Urban Cruiser HyRyder, which went on sale in September. "With this offering we are confident that the expansion...
Toyota launches second hybrid vehicle in India amid green car push
Toyota launches second hybrid vehicle in India amid green car push
Source: Reuters
25/11/2022 8:47:30 PM
Stellantis looks to India for affordable Electric Vehicle for Europe amid competition from China Fiat parent Stellantis has concluded it can't currently make affordable electric vehicles in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company's quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler. "So far, Eu...
Stellantis looks to India for affordable Electric Vehicle for Europe amid competition from China
Stellantis looks to India for affordable Electric Vehicle for Europe amid competition from China
Source: Reuters
24/11/2022 3:59:38 PM
IIT-Hyderabad working with Suzuki Motor Corp on India-specific tech development The IIT Hyderabad (IIT-H) has joined hands with Suzuki Motor Corporation (SMC) in the field of autonomous navigation for terrestrial vehicles. The technology developed at IIT-H will enable the conversion of a Drive-by-wire Vehicle into an Autonomous vehicle by integrating different sensors for perception, localisation and navigation. SMC officials recently visited IIT-H to assess the readiness of the technology. The state-of-the-art Autonomous Vehicle test bed at DST NM-ICPS Technolo...
IIT-Hyderabad working with Suzuki Motor Corp on India-specific tech development
IIT-Hyderabad working with Suzuki Motor Corp on India-specific tech development
Source: IANS
18/11/2022 9:17:02 AM
India aims 50% non-fossil fuel energy by 2030: PM Narendra Modi Prime Minister Narendra Modi on Sunday reassured the world that by 2030, 50 per cent of India's energy production will be met by non-fossil fuel, and by 2070 it plans 'Net Zero'. The Prime Minister was addressing a public rally on the completion of 40 years of Japan's Suzuki Motor Corp. at Gandhinagar in Gujarat on Sunday. He said that a silent revolution is taking shape in India with rising demand for electric vehicles (EV). The state and Central governments have extend...
India aims 50% non-fossil fuel energy by 2030: PM Narendra Modi
India aims 50% non-fossil fuel energy by 2030: PM Narendra Modi
Source: IANS
29/08/2022 8:47:27 AM
India`s Maruti Suzuki aims to win over SUV buyers with new hatchback Maruti Suzuki is betting that a bigger and more fuel efficient version of its small hatchback, Alto, can bring back buyers to a segment that long-dominated Indian roads but has recently lost its popularity to sports-utility vehicles (SUVs). Hatchbacks are the backbone of personal transport in India making up 38% of total car sales but SUVs, with their sporty body styles and in-car connectivity features, took the lead last fiscal year with around a 40% share. India's biggest carmaker...
India`s Maruti Suzuki aims to win over SUV buyers with new hatchback
India`s Maruti Suzuki aims to win over SUV buyers with new hatchback
Source: Reuters
18/08/2022 3:47:25 PM
Global Investors`Meet: Karnataka Government proposes separate Japanese township The Karnataka delegation led by Minister for Large and Medium Industries Minister Dr. Murugesh R. Nirani has proposed a separate 'Japanese township' on the nearly 600-acre plot in Tumakuru, the neighbouring district of Bengaluru. The delegation, which concluded its three-day visit to Japan, has also assured the investors in Japan that besides the township, a land bank of 50,000 acres has been earmarked for industrial development, an official release on Wednesday stated. As a par...
Global Investors`Meet: Karnataka Government proposes separate Japanese township
Global Investors`Meet: Karnataka Government proposes separate Japanese township
Source: IANS
10/08/2022 9:19:11 AM
Toyota, Suzuki to build hybrid vehicle for India, global markets NEW DELHI - Toyota Motor Corp and Suzuki Motor Corp said on Friday they will begin production in August of their first hybrid vehicle in India, as part of a partnership formed by the two Japanese carmakers in 2017. The hybrid sport utility vehicle (SUV), developed by Suzuki, will be manufactured at Toyota's local plant in southern India. The SUV will be sold in India and exported to markets including Africa, the companies said in a statement. The powertrains of the SUV will be ...
Toyota, Suzuki to build hybrid vehicle for India, global markets
Toyota, Suzuki to build hybrid vehicle for India, global markets
Source: Reuters
24/06/2022 11:32:42 AM
Suzuki Motor to invest $1.3 bn for EV production in India: Report As Elon Musk refuses to listen to Indias demand to manufacture Tesla cars in the country, Japanese automaker Suzuki Motor is set to invest about 150 billion yen ($1.26 billion) to produce electric vehicles (EVs) and batteries in India, media reports said on Saturday. According to Nikkei Asia, Japanese Prime Minister Fumio Kishida is set to visit India over the weekend to meet his Indian counterpart Narendra Modi and the announcement will be made during the visit. Japan is set to offer I...
Suzuki Motor to invest $1.3 bn for EV production in India: Report
Suzuki Motor to invest $1.3 bn for EV production in India: Report
Source: IANS
20/03/2022 9:09:38 AM
Japan's Suzuki Motor to invest $1.3 billion in India plant for electric vehicle production TOKYO - Japan's Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) in its India factory to produce electric vehicles and batteries, Japanese media reported on Saturday.
Japan's Suzuki Motor to invest $1.3 billion in India plant for electric vehicle production
Japan's Suzuki Motor to invest $1.3 billion in India plant for electric vehicle production
Source: Reuters
19/03/2022 12:13:19 PM
Centre selects 20 Cos under auto PLI scheme The Central government on Friday selected 20 companies such as Tata Motors, Suzuki Motor Gujarat, Hyundai Motor India, Mahindra & Mahindra amongst others to become a part of 'Production Linked Incentive' (PLI) scheme for automobile and auto components. Last year, the Centre had approved the PLI scheme for enhancing the country's manufacturing capabilities for 'Advanced Automotive Technology' (AAT) products with a budgetary outlay of Rs 25,938 crore. The AATs base...
Centre selects 20 Cos under auto PLI scheme
Centre selects 20 Cos under auto PLI scheme
Source: IANS
12/02/2022 9:43:44 AM
Ford, Suzuki to get incentives under India's $3.5 billion scheme for clean fuel vehicles NEW DELHI  - Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under the Indian government's $3.5 billion scheme to boost clean fuel vehicles, two industry sources told Reuters. The federal cabinet last year approved a plan for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles. Ford, Suzuki, Hyundai did not immediately respond to a request for comment.
Ford, Suzuki to get incentives under India's $3.5 billion scheme for clean fuel vehicles
Ford, Suzuki to get incentives under India's $3.5 billion scheme for clean fuel vehicles
Source: IANS
11/02/2022 4:20:13 PM
Suzuki Motor chairman to retire - Nikkei TOKYO- Suzuki Motor Corp's 91-year old chairman, Osamu Suzuki, is retiring, the Nikkei newspaper reported on Wednesday. The chairman told some executives about his intention to retire, the Nikkei reported. A Suzuki Motor spokesman said the Nikkei report was not something that the automaker announced. Japan's fourth-biggest automaker earlier said it was announcing a management plan later in the day.
Suzuki Motor chairman to retire - Nikkei
Suzuki Motor chairman to retire - Nikkei
Source: Reuters
24/02/2021 2:30:31 PM