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Maruti Suzuki India achieves 2 million units in a calendar year for 1st time  Maruti Suzuki India on Tuesday announced a production milestone of 2 million vehicles in a calendar year for the first time in its history.  The automaker also became the first among Suzuki Motor Corporation’s global automobile manufacturing facilities to reach this landmark. Of the 2 million vehicles, almost 60 per cent were manufactured in Haryana and 40 per cent in Gujarat. “The 2 million production milestone is a testament to India’s manufacturing pot...
Maruti Suzuki India achieves 2 million units in a calendar year for 1st time
Maruti Suzuki India achieves 2 million units in a calendar year for 1st time
Source: IANS
2024-12-17 03:22:25 pm
Passenger vehicles clock highest ever November sales in India  Passenger vehicles in India saw their highest-ever November sales at 3.48 lakh units, with a growth of 4.1 per cent as compared to the same month last year, according to figures released by the Society of Indian Automobile Manufacturers (SIAM) on Friday.  Though the Diwali festival did not fall in the month of November, the two-wheeler segment posted sales of 16.05 lakh units, crossing the 16 lakh units mark for the first time in a non-Diwali November, the figures showed. The...
Passenger vehicles clock highest ever November sales in India
Passenger vehicles clock highest ever November sales in India
Source: IANS
2024-12-13 03:47:32 pm
Tata Motors, Kia India to increase prices across passenger vehicles portfolio  Tata Motors on Monday announced to hike prices by up to 3 per cent across its passenger vehicles (PVs) portfolio, including electric vehicles (EVs).  Effective from January, the price increase will vary depending on model and variant, and is being taken to partially offset the rise in input costs and inflation, said the automaker. Kia India also announced up to 2 per cent price hike across its entire lineup, effective from January 1, “primarily due to rising commodity p...
Tata Motors, Kia India to increase prices across passenger vehicles portfolio
Tata Motors, Kia India to increase prices across passenger vehicles portfolio
Source: IANS
2024-12-09 04:58:34 pm
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India India's top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India. Maruti plans to hike prices by up to 4%, depending on the model, while JSW MG Motor - a joint venture between SAIC Motor and JSW Group - plans to hike prices by up to 3% across products. Both will be effective January 2025. Indian automakers are grappling with higher costs from rising global co...
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India
Maruti Suzuki, JSW MG Motor hike car prices following Hyundai India
Source: Reuters
2024-12-07 10:03:27 am
Maruti Suzuki hikes car prices by up to 4% following Hyundai India India's top carmaker Maruti Suzuki on Friday said it will hike car prices by up to 4% to tackle rising raw material and operational costs, as it joins rival Hyundai Motor India. Maruti's shares rose as much as 1.7% to the day's high of 11,375.95 rupees after the announcement, its second one this year. The hike, which is set to vary depending on the model, will come into effect from Jan. 1, 2025 and is higher than its 0.45% hike in January. Hyundai India on Thursday also s...
Maruti Suzuki hikes car prices by up to 4% following Hyundai India
Maruti Suzuki hikes car prices by up to 4% following Hyundai India
Source: Reuters
2024-12-06 01:55:43 pm
Buy Maruti Suzuki Ltd For Target Rs.14,586 By PL Capital Rise in input & promotional cost impact margins Quick Pointers: * CNG penetration remained stable at ~33% in Q2FY25 in the domestic market * Optimistic retail growth outlook at 4-5% for FY25   MSIL’s Q2FY25 standalone revenue increased by a mere 0.4% YoY, mainly driven by ASP expansion of 2.6% YoY as volume declined by 1.9% for the quarter. Prices of key commodities increased by and promotional expenses increased, leading to a contraction in its gross margin by 1...
Buy Maruti Suzuki Ltd For Target Rs.14,586 By PL Capital
Buy Maruti Suzuki Ltd For Target Rs.14,586 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 02:50:58 pm
India passenger vehicle sales up 4 pc to 3.5 lakh units in Nov The passenger vehicle (PV) sales in India increased about 4 per cent (year-on-year) at 3,50,000 units in the month of November, data showed on Monday.  The total domestic PV wholesales stood at 335,954 units last month, driven by robust demand during the wedding season, increasing private consumption and SUV sales. If we look at the January-November period, PV sales stood at 39,80,000 units, 4.1 per cent higher than 38,21,000 units sold in the same 11-month period in 2023. In No...
India passenger vehicle sales up 4 pc to 3.5 lakh units in Nov
India passenger vehicle sales up 4 pc to 3.5 lakh units in Nov
Source: IANS
2024-12-02 03:57:38 pm
Maruti Suzuki India surges on reporting 10% rise in total sales in November Maruti Suzuki India is currently trading at Rs. 11271.20, up by 198.70 points or 1.79% from its previous closing of Rs. 11072.50 on the BSE. The scrip opened at Rs. 11105.05 and has touched a high and low of Rs. 11320.10 and Rs. 11105.05 respectively. So far 6405 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9738.40 on 18-Jan-2024. Last one week high and low of ...
Maruti Suzuki India surges on reporting 10% rise in total sales in November
Maruti Suzuki India surges on reporting 10% rise in total sales in November
Source: Accord Fintech
2024-12-02 11:03:33 am
SUVs propel growth in car sales during November There was an uptick in the sale of cars and SUVs in the domestic market during November with market leader Maruti Suzuki India Ltd, Tata Motors, and Toyota Kirloskar recording an increase in dispatches to dealers during the month.   Maruti Suzuki’s total domestic passenger vehicle sales went up to 141,312 units during November this year from 134,158 units in the same month last year. The main growth was recorded in the SUV segment where sales of its popular models such as Brezza...
SUVs propel growth in car sales during November
SUVs propel growth in car sales during November
Source: IANS
2024-12-02 09:42:45 am
SUVs propel growth in car sales during November There was an uptick in the sale of cars and SUVs in the domestic market during November with market leader Maruti Suzuki India Ltd, Tata Motors, and Toyota Kirloskar recording an increase in dispatches to dealers during the month.   Maruti Suzuki’s total domestic passenger vehicle sales went up to 141,312 units during November this year from 134,158 units in the same month last year. The main growth was recorded in the SUV segment where sales of its popular models such as Brezza...
SUVs propel growth in car sales during November
SUVs propel growth in car sales during November
Source: IANS
2024-12-01 04:40:47 pm
Lumax Auto Technologies soars on completing acquisition of 60% stake in Greenfuel Energy Solutions Lumax Auto Technologies is currently trading at Rs. 528.10, up by 15.55 points or 3.03% from its previous closing of Rs. 512.55 on the BSE. The scrip opened at Rs. 534.75 and has touched a high and low of Rs. 534.90 and Rs. 524.60 respectively. So far 5467 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 608.15 on 02-Jul-2024 and a 52 week low of Rs. 363.05 on 25-Jan-2024. Last one week high and low of the scrip ...
Lumax Auto Technologies soars on completing acquisition of 60% stake in Greenfuel Energy Solutions
Lumax Auto Technologies soars on completing acquisition of 60% stake in Greenfuel Energy Solutions
Source: Accord Fintech
2024-11-27 10:05:14 am
Maruti Suzuki India`s cumulative exports of cars touch 3 million units Maruti Suzuki India Ltd (MSIL), India’s leading car maker, has achieved the milestone of having completed the export of 3 million vehicles.  The 3 millionth landmark vehicle was part of a shipment of 1,053 units that sailed from Gujarat’s Pipavav port on Sunday, comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire and S-Presso, according to a company statement on Monday. Maruti Suzuki MD & CEO Hisashi Takeuchi said: "Our exports from India have...
Maruti Suzuki India`s cumulative exports of cars touch 3 million units
Maruti Suzuki India`s cumulative exports of cars touch 3 million units
Source: IANS
2024-11-26 08:51:48 am
Buy Maruti Suzuki Ltd For Target Rs. 13,485 by Yes Securities Ltd Valuation and View – CNG to help drive industry outperformance MSIL’s 2QFY25 results were weak as it reported ~7%/6% EBITDA miss to our/street estimates led by weak gross margins at 28.1% (est 29.5%). Lower than expected EBITDA at Rs44.2b (est Rs47.8b) was led by; 1) ~70bp drag due to higher A&P, 2) ~50bp RM impact, 3) increased discounts (on wholesales) at ~Rs29.3k/unit (vs ~Rs21.7k/unit in 1QFY25) at ~4.3% of ASP. However, this was offset by 30-40bp positive operating lev...
Buy Maruti Suzuki Ltd For Target Rs. 13,485 by Yes Securities Ltd
Buy Maruti Suzuki Ltd For Target Rs. 13,485 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 12:56:43 pm
Buy Maruti Suzuki India Ltd For Target Rs. 12,215 By Choice Broking Ltd MSIL delivered better than expected performance on all fronts. Company delivered a 0.2% YoY growth on the top line front to Rs. 355.9 billion (vs CEBPL's estimated Rs.351.6bn) led by a 2.1% YoY increase in the average selling price (ASP) and a 1.9% YoY decrease in volume. YoY margin decline is attributed to higher RM cost. The operating margin declined on a yearly basis to 11.9% (vs CEBPL's est of 13.0%), showing a decline of 104bps YoY and - 80bps QoQ, resulting in EBITDA declining b...
Buy Maruti Suzuki India Ltd For Target Rs. 12,215 By Choice Broking Ltd
Buy Maruti Suzuki India Ltd For Target Rs. 12,215 By Choice Broking Ltd
Source: Choice Broking
2024-11-14 04:57:09 pm
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.  On Wednesday, the stock closed in red at Rs 1,745 apiece, owing to poor performance of the automaker in the second quarter of FY25. At closing, Hyundai Motor India shares were down 3.37 per cent. The shares of Hyundai Motor India, one of the country's leading automobile companies, have continued to decline since its listing. The listing of Hyundai Motor In...
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Source: IANS
2024-11-13 06:24:09 pm
Buy Maruti Suzuki Ltd For Target Rs.13,875 By Motilal Oswal Financial Services Ltd Higher discounts impact operating performance Sustained demand revival remains the key * Maruti Suzuki India (MSIL)’s 2QFY25 margin was below our estimates, largely due to higher discounts. MSIL is expected to experience a 14% YoY growth starting from Shraddh till the end of the festive period. This is the first sign of demand revival in MSIL during this fiscal. Despite this, Apr-Oct retail growth remains at 3.9% YoY. * We have lowered our FY25E/FY26E EPS estimates by...
Buy Maruti Suzuki Ltd For Target Rs.13,875 By Motilal Oswal Financial Services Ltd
Buy Maruti Suzuki Ltd For Target Rs.13,875 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-13 10:31:24 am
Maruti Suzuki surges on inking pact with HSBC India Maruti Suzuki is currently trading at Rs. 11451.05, up by 143.80 points or 1.27% from its previous closing of Rs. 11307.25 on the BSE. The scrip opened at Rs. 11310.70 and has touched a high and low of Rs. 11474.60 and Rs. 11310.00 respectively. So far 766 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9738.40 on 18-Jan-2024. Last one week high and low of the scr...
Maruti Suzuki surges on inking pact with HSBC India
Maruti Suzuki surges on inking pact with HSBC India
Source: Accord Fintech
2024-11-11 10:28:23 am
StoxBox Top 4 : Boundary-Pushing Stocks for Your Portfolio 1) Maruti Suzuki India StoxBox recommends Maruti Suzuki India Ltd. (MSIL) at a current market price of Rs.11,111, with a target price of Rs.11,666 to Rs.12,000. The company reported a mixed Q2FY25 performance, with a 0.2% YoY revenue growth to Rs.355,891 million but missed market expectations. Domestic sales fell 3.9% YoY, while exports grew 12.1%. PAT declined 17.4% YoY due to higher discounts and commodity costs. However, MSIL is optimistic about festive sales, with a 14% YoY growth in r...
StoxBox Top 4 : Boundary-Pushing Stocks for Your Portfolio
StoxBox Top 4 : Boundary-Pushing Stocks for Your Portfolio
Source: PR Agency
2024-11-07 11:53:26 am
Hyundai Motor India`s stock down 7 pc from issue price, company sales flat in Oct The country's largest IPO, Hyundai Motor India, has disappointed investors to date.  The stock has been continuously declining since its public listing and on Tuesday, the stock closed at Rs 1,829, which is about 7 per cent below the issue price of Rs 1,960. The reason for the weak performance of Hyundai Motor India's stock is the lack of growth in the company's sales. In October, the company sold 55,568 vehicles in the domestic market. It grew by just 0.80 per cent ...
Hyundai Motor India`s stock down 7 pc from issue price, company sales flat in Oct
Hyundai Motor India`s stock down 7 pc from issue price, company sales flat in Oct
Source: IANS
2024-11-06 10:33:01 am
Maruti Suzuki India shines as its production rises in October 2024 Maruti Suzuki India is currently trading at Rs. 11209.25, up by 155.25 points or 1.40% from its previous closing of Rs. 11054.00 on the BSE. The scrip opened at Rs. 11053.50 and has touched a high and low of Rs. 11275.70 and Rs. 11008.20 respectively. So far 7103 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9738.40 on 18-Jan-2024. Last one week high and low of ...
Maruti Suzuki India shines as its production rises in October 2024
Maruti Suzuki India shines as its production rises in October 2024
Source: Accord Fintech
2024-11-05 10:32:46 am
Surge in SUV sales revs up India`s auto sector in Oct A surge in SUV sales revved up India's car market during the festive month of October as consumers switched preference to upgraded models on the back of higher incomes in an expanding economy.   Mahindra & Mahindra, Kia Motors, Hyundai, and market leader Maruti Suzuki were among the companies that reported a surge in SUV sales during the month. "We are excited to have clocked the highest-ever SUV sales of 54,504 vehicles in October, a growth of 25 per cent and highest ...
Surge in SUV sales revs up India`s auto sector in Oct
Surge in SUV sales revs up India`s auto sector in Oct
Source: IANS
2024-11-02 10:37:14 am
Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors`commer sales flat Maruti Suzuki India on Friday said it sold a total of 206,434 units in the month of October, which is its highest-ever monthly sales volume. The company also clocked highest-ever exports in the month.  The country’s largest automaker had sold 199,217 units in the same month last year. However, in the passenger vehicle (PV) segment, Maruti Suzuki India witnessed a 5 per cent YoY sales decrease, selling 159,591 units in the domestic market last month, compared to 168,047 units ...
Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors`commer sales flat
Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors`commer sales flat
Source: IANS
2024-11-02 08:39:01 am
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme About 280 companies participated in the PM Internship Scheme (PMIS) and offered 1.27 lakh internship opportunities, according to reports.  The Centre has now closed the onboarding window for corporates’ participation in the Scheme, which opened on October 3 for corporates to register their internship offerings.  However, the window for youth registration, which commenced on October 12 is expected to remain open until early November.  The scheme was announced in t...
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme
Source: IANS
2024-10-23 11:40:34 am
India sees 14 pc growth in vehicle exports in H1 FY25 The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad.  The auto exports stood at 25,28,248 units in H1 FY25 (compared to 22,11,457 units in H1 FY24) — a 14 per cent jump. Passenger vehicles, two-wheelers and commercial vehicles clocked robust double-digit growth while three-wheelers exports were down 1 per cent (year-on-year) but i...
India sees 14 pc growth in vehicle exports in H1 FY25
India sees 14 pc growth in vehicle exports in H1 FY25
Source: IANS
2024-10-20 01:50:28 pm
Maruti Suzuki India crosses production of 1 crore units at Manesar facility Leading automaker Maruti Suzuki India Limited on Thursday said it has crossed the 1-crore cumulative production milestone at its Manesar facility in Haryana.  With this, the facility became the fastest among Suzuki’s global automobile manufacturing facilities, to reach the milestone in just 18 years, the company said in a statement. "As we reach this important landmark, I thank our customers for placing their trust in us. I also thank all our employees, business associat...
Maruti Suzuki India crosses production of 1 crore units at Manesar facility
Maruti Suzuki India crosses production of 1 crore units at Manesar facility
Source: IANS
2024-10-17 11:54:07 am
Stock of the day : Maruti Suzuki Ltd For Target Rs. 501 - Religare Broking Maruti Suzuki Ltd * Positive traction in Auto space where MARUTI is also seen with a positive upright. * Stock has formed a rounding bottom and kept its trend intact creating higher-highs and higher-lows within its channel. * Steady accumulation with pre-emptive follow-on upside can be anticipated. * Traders are advised to consider longs & participate in the momentum via Calls in the mentioned range. Buy Maruti Suzuki Ltd CMP 251.40&nb...
Stock of the day : Maruti Suzuki Ltd For Target Rs. 501 - Religare Broking
Stock of the day : Maruti Suzuki Ltd For Target Rs. 501 - Religare Broking
Source: Religare Broking Ltd
2024-10-11 12:10:54 pm
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO Hyundai Motor said on Tuesday it has decided to sell a 17.5 per cent share in its Indian subsidiary for the initial public offering (IPO) it plans for this year.  The South Korean automaker said in a regulatory filing it will sell 142.19 million shares in Hyundai Motor India, bringing its share down to 82.5 percent. Hyundai has not specified the exact date and the range for the IPO pricing, but it seeks to go public within this year with an aim to raise up to 4 trillion won ($2.96 ...
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO
Hyundai Motor to sell over 14.2 mn shares in Indian subsidiary for IPO
Source: IANS
2024-10-09 09:53:12 am
Maruti Suzuki India falls despite reporting rise in total sales in September Maruti Suzuki India is currently trading at Rs. 12884.25, down by 282.75 points or 2.15% from its previous closing of Rs. 13167.00 on the BSE. The scrip opened at Rs. 12906.05 and has touched a high and low of Rs. 13142.15 and Rs. 12875.00 respectively. So far 6991 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9738.40 on 18-Jan-2024. Last one week high and low o...
Maruti Suzuki India falls despite reporting rise in total sales in September
Maruti Suzuki India falls despite reporting rise in total sales in September
Source: Accord Fintech
2024-10-03 11:51:48 am
Maruti Suzuki India sells over 1.84 lakh vehicles in August, exports up Leading automaker Maruti Suzuki India on Tuesday said it sold 184,727 vehicles in the month of August, up from 181,343 units sold in the same month last year.  The figure included domestic sales of 148,061 units, sales to other original equipment manufacturers (OEMs) of 8,938 units and exports of 27,728 units, the automaker said in a statement. In the six months of current fiscal (April-September), Maruti Suzuki India sold 1,063,418 units, up from 1,050,085 in the same period last ...
Maruti Suzuki India sells over 1.84 lakh vehicles in August, exports up
Maruti Suzuki India sells over 1.84 lakh vehicles in August, exports up
Source: IANS
2024-10-02 08:32:26 am
Millions of PMJDY bank accounts helping companies boost sales in rural India There has been a significant uptick in rural private consumption in India, thanks to the Pradhan Mantri Jan Dhan Yojana (PMJDY), which has helped millions open bank accounts seamlessly and join the mainstream. There has been a definitive surge in household consumption in tier 2, 3 and 4 cities and even beyond, as evident in sales growth of two-wheelers, ACs, refrigerators, smartphones and FMCGs in small towns and cities. According to the industry, various consumer financing options, mad...
Millions of PMJDY bank accounts helping companies boost sales in rural India
Millions of PMJDY bank accounts helping companies boost sales in rural India
Source: IANS
2024-09-30 11:17:24 am
Aspirational India fuels auto loan surge as private consumption rises As private consumption rises across the country, there has been a surge in auto loans for car ownership as people from tier 2, 3 cities and beyond opt for longer-tenure financing options to afford latest vehicles.  As per reports, auto companies like Maruti Suzuki, Hyundai, Mahindra and Tata Motors feel finance penetration to rise to up to 84 per cent this year from 75 per cent in the pre-pandemic era. A leading digital marketing agency, Techmagnate, recently revealed significant s...
Aspirational India fuels auto loan surge as private consumption rises
Aspirational India fuels auto loan surge as private consumption rises
Source: IANS
2024-09-22 04:10:32 pm
Buy Maruti Suzuki Ltd For Target Rs. 15,160 By Motilal Oswal Financial Services Ltd Scaling to a 4m capacity to maintain leadership position Aims for a 60%/15%/25% powertrain mix of ICE/BEV/HEV by FY31 We summarize below the key takeaways from MSIL’s FY24 Annual Report. MSIL will continue to partner with India on its ambitious Viksit Bharat initiative, and accordingly, it plans to scale up its production capacity to 4m units per annum by FY31. Further, the company aims to revitalize the entry-level PV market while strengthening its competitive positioning in SUV...
Buy Maruti Suzuki Ltd For Target Rs. 15,160 By Motilal Oswal Financial Services Ltd
Buy Maruti Suzuki Ltd For Target Rs. 15,160 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-09-20 04:55:25 pm
Car, bikes, and electronics sale surge due to heavy discounts by companies After sluggish sales in the first five months of this fiscal, automobiles and consumer electronics companies saw some surge in demand due to discounts and promotional offers during the ongoing Ganesh Chaturthi and Onam festivals, multiple reports said.  "In view of festivals like Onam, Navratri, Diwali, and Dussehra, electronics, automobile and smartphone companies are offering discounts of up to 30 percent to customers," the reports stated. Maruti Suzuki reported a 10 pe...
Car, bikes, and electronics sale surge due to heavy discounts by companies
Car, bikes, and electronics sale surge due to heavy discounts by companies
Source: IANS
2024-09-15 05:23:14 pm
Maruti Suzuki gains on launching S-CNG variant of Epic New Swift Maruti Suzuki India is currently trading at Rs. 12336.55, up by 88.05 points or 0.72% from its previous closing of Rs. 12248.50 on the BSE. The scrip opened at Rs. 12299.95 and has touched a high and low of Rs. 12342.50 and Rs. 12155.00 respectively. So far 4257 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9738.40 on 18-Jan-2024. Last one week high and low of t...
Maruti Suzuki gains on launching S-CNG variant of Epic New Swift
Maruti Suzuki gains on launching S-CNG variant of Epic New Swift
Source: Accord Fintech
2024-09-12 03:18:06 pm
Volkswagen`s Skoda CEO sees opportunity to launch hybrid cars in India Volkswagen's Skoda sees an opportunity to launch hybrid cars in India to expand its fuel choices for consumers and cut emissions, Skoda Auto's CEO said in New Delhi on Tuesday. Skoda already has four models in India, including SUVs and sedans, but this is the first time the carmaker is considering bringing hybrid cars to the South Asian nation. "We also have something in between battery electric vehicles and purely combustion engine cars," Klaus Zellmer told a conference, ad...
Volkswagen`s Skoda CEO sees opportunity to launch hybrid cars in India
Volkswagen`s Skoda CEO sees opportunity to launch hybrid cars in India
Source: Reuters
2024-09-10 05:25:39 pm
Toyota, Maruti launch marketing drive for hybrids in key Indian state From Instagram ads to telesales, Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in the most populous Indian state of Uttar Pradesh, aiming to cash in on tax waivers that upset many of their rivals. 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. Their lobbying to reverse the July decision failed last month and they now fear other states mi...
Toyota, Maruti launch marketing drive for hybrids in key Indian state
Toyota, Maruti launch marketing drive for hybrids in key Indian state
Source: Reuters
2024-09-03 05:34:00 pm
Buy Maruti Suzuki Ltd Target Rs. 15,160 By Motilal Oswal Financial Services Ltd Scaling to a 4m capacity to maintain leadership position We summarize below the key takeaways from MSIL’s FY24 Annual Report. MSIL will continue to partner with India on its ambitious Viksit Bharat initiative, and accordingly, it plans to scale up its production capacity to 4m units per annum by FY31. Further, the company aims to revitalize the entry-level PV market while strengthening its competitive positioning in SUVs through new launches, thus retaining its market leadership. Whi...
Buy Maruti Suzuki Ltd Target Rs. 15,160 By Motilal Oswal Financial Services Ltd
Buy Maruti Suzuki Ltd Target Rs. 15,160 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-01 06:20:45 pm
Maruti Suzuki India’s sales down 3.9 pc in August, Kia India logs 17.1 pc growth Maruti Suzuki India sold a total of 1.82 lakh units in August, down nearly 3.9 per cent (year-on-year) from 1.89 lakh units in the same month last year.  Total domestic sales (including passenger vehicles, light commercial vehicles and OEM) for the company decreased 5.3 per cent to nearly 1.56 lakh units for the automaker, from over 1.64 lakh units last year. The automaker exported 26,003 units from the country in August, up from 24,614 units last year. In the April-August perio...
Maruti Suzuki India’s sales down 3.9 pc in August, Kia India logs 17.1 pc growth
Maruti Suzuki India’s sales down 3.9 pc in August, Kia India logs 17.1 pc growth
Source: IANS
2024-09-01 02:01:06 pm
Add Maruti Suzuki Ltd For Target Rs. 14,682 By Yes Securities Valuation and View – CNG to help drive industry outperformance MSIL’s 1QFY25 results were healthy as it reported ~17%/~11.6% Adj.PAT beat to our/street estimates led by healthy operating performance. Better than expected EBITDA at Rs45b (est Rs38.3b) was led by; 1) ~60bp reversal of one-off in RM reported in 4QFY24, 2) RM and forex benefit offset by increased discounts, 3) favorable operating income and other operating cost benefit of ~70bp/ ~30bp. However, this was offset by ~...
Add Maruti Suzuki Ltd For Target Rs. 14,682 By Yes Securities
Add Maruti Suzuki Ltd For Target Rs. 14,682 By Yes Securities
Source: Yes Securities Ltd
2024-08-21 05:04:18 pm
Maruti Suzuki India rides high on commencing export of sports utility vehicle ‘Fronx’ to Japan Maruti Suzuki India is currently trading at Rs. 12202.85, up by 37.20 points or 0.31% from its previous closing of Rs. 12165.65 on the BSE. The scrip opened at Rs. 12294.70 and has touched a high and low of Rs. 12294.70 and Rs. 12130.00 respectively. So far 2745 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9256.75 on 16-Aug-2023. Last one week high and low of t...
Maruti Suzuki India rides high on commencing export of sports utility vehicle ‘Fronx’ to Japan
Maruti Suzuki India rides high on commencing export of sports utility vehicle ‘Fronx’ to Japan
Source: Accord Fintech
2024-08-14 03:13:41 pm
Buy Maruti Suzuki For Target Rs. 14,338 By Choice Broking Ltd Margin surprised, Maintain BUY MSIL delivered better than expected performance on all fronts. Company delivered a 10% YoY growth on the top line front to Rs. 338 billion (vs CEBPL's estimated Rs.331bn). The growth was driven by a 4.8% YoY increase in the average selling price (ASP) and a 4.8% YoY increase in volume. YoY margin expansion is attributed to lower RM cost and operating leverage benefit and better ASP mix was supported by favorable model mix and forex. The operating margin i...
Buy Maruti Suzuki For Target Rs. 14,338 By Choice Broking Ltd
Buy Maruti Suzuki For Target Rs. 14,338 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-08-09 03:32:22 pm
Buy Maruti Suzuki Ltd For Target Rs.15,000 By JM Financial Services MSIL’s 1QFY25 EBITDA margin came in at 12.7%, 150bps above JMFe. Sequential improvement (40bps) was owing to better mix and cost control initiatives. MSIL, with backto-back SUV launches has strengthened its presence in the B-segment (regained leadership position with c.28% mkt. share). The company plans multiple new launches (10+) over next 6-7 years (incl. 6 new EVs and Hybrid models). Near-term demand momentum is expected to be driven by CNG / UV portfolio. Benefit of richer portfolio...
Buy Maruti Suzuki Ltd For Target Rs.15,000 By JM Financial Services
Buy Maruti Suzuki Ltd For Target Rs.15,000 By JM Financial Services
Source: JM Financial Services
2024-08-05 04:38:23 pm
Buy Maruti Suzuki Ltd For Target Rs.14,440 By Motilal Oswal Financial Services Suzuki’s tech strategy to minimize energy consumption Suzuki’s manufacturing principle: smaller, fewer, lighter, shorter, beauty  Suzuki, the parent company of Maruti Suzuki India (MSIL), has unveiled its next 10-year technology strategy aimed at achieving minimal energy consumption throughout the lifecycle of its products. This goal will be pursued through the principles of Sho-Sho-KeiTan-Bi, a Japanese abbreviation for “smaller, fewer, lighter, shorter and beau...
Buy Maruti Suzuki Ltd For Target Rs.14,440 By Motilal Oswal Financial Services
Buy Maruti Suzuki Ltd For Target Rs.14,440 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-05 10:44:18 am
Will introduce electric cars soon towards Viksit Bharat goal: Maruti Suzuki India Maruti Suzuki India on Sunday said as India develops faster and aspires to become "Viksit Bharat" by 2047, the company will introduce electric cars in the next few months towards a sustainable mobility future.   R.C. Bhargava, Chairman, Maruti Suzuki India, said that the company has not only helped grow and prosper its stakeholders, but indirectly, it has also created millions of jobs and benefited numerous sections of society. "The company will continue to partner w...
Will introduce electric cars soon towards Viksit Bharat goal: Maruti Suzuki India
Will introduce electric cars soon towards Viksit Bharat goal: Maruti Suzuki India
Source: IANS
2024-08-05 09:27:58 am
Maruti Suzuki registers decline in domestic sales in July but exports go up The country's leading carmaker Maruti Suzuki India Ltd on Thursday reported a 9.6 per cent decline in sales for July, at 137,463 units compared to the same month last year even as exports went up during the month.   The company had sold 152,126 units in July 2023. Market analysts attribute the decline in sales to a tapering off in pent-up demand that had built up last year. However, the company’s exports rose by 8 per cent to 23,985 vehicles during the month compared t...
Maruti Suzuki registers decline in domestic sales in July but exports go up
Maruti Suzuki registers decline in domestic sales in July but exports go up
Source: IANS
2024-08-02 10:47:23 am
Grand Vitara surpasses 2 lakh sales in just 23 months: Maruti Suzuki India Maruti Suzuki India on Monday said that it sold more than two lakh Grand Vitara cars in just 23 months, setting a new benchmark in the mid-SUV space. The leading automaker said that it achieved the one lakh unit sales milestone in a year and added the next one lakh customers in a record period. Launched in 2022, the model has pioneered a new era of SUVs, as ‘Strong Hybrid’ and ‘S-CNG’ variants witness a high demand, said the company. “The Grand Vitara ha...
Grand Vitara surpasses 2 lakh sales in just 23 months: Maruti Suzuki India
Grand Vitara surpasses 2 lakh sales in just 23 months: Maruti Suzuki India
Source: IANS
2024-07-29 11:33:40 am
22 Indian startups secure over $116 million in funding this week The funding momentum continued in the Indian startup ecosystem this week as 22 startups raised nearly $116.26 million, led by four growth-stage transactions.  Last week, the domestic startup ecosystem raised nearly $176 million in funding across 16 deals. This week, four startups raised around $80 million in funding among the growth-stage deals. Wealth management platform Dezerv raised $32 million in a funding round led by Premji Invest. The round also saw participation from exi...
22 Indian startups secure over $116 million in funding this week
22 Indian startups secure over $116 million in funding this week
Source: IANS
2024-07-13 02:57:53 pm
Markets at new all-time high, Nifty trades above 24,500 for first time India equity benchmarks are trading at record highs on Friday following buying in the IT stocks.  Sensex and Nifty both made new all-time highs of 80,893 and 24,592 respectively. At 12.50 a.m., Sensex was at 80,482, up 585 points or 0.73 per cent, and Nifty was up 172 points or 0.71 per cent, at 24,488. Midcap stocks are underperforming compared to large caps. Nifty midcap 100 index is down 70 points or 0.12 per cent, at 57,077. While Nifty smallcap 100 index is up 54 points or ...
Markets at new all-time high, Nifty trades above 24,500 for first time
Markets at new all-time high, Nifty trades above 24,500 for first time
Source: IANS
2024-07-12 01:39:39 pm