Search Result for : Maruti Suzuki India

The Dollar Business Bureau The Indian arm of Suzuki Motor Corporation (SMC), Maruti Suzuki India contributed more than 50% to its parent company’s global sales in terms of volumes in the period April-December of the current fiscal.  SMC said that during April to December period of this fiscal, its Indian automobile sales stood at 10.61 lakh units, whereas its total global sales stood at 20.83 lakh units at 50.93%. In the same period last fiscal, the company said that its sales in India stood at 9.72 lakh units out of an overall sales across the globe of 20.40 lakh units, making up for 47.64%.  SMC on Monday reported that the company’s consolidated operating income increased by 14.4% to 167.4 billion yen (around $1.49 ...

The Dollar Business Bureau Owing to the increased demand for its products, India’s largest car manufacturer Maruti Suzuki India Ltd (MSI) may proceed commissioning of the phase II of capacity expansion at its plant in Gujarat. The phase I of the plant, which has a capacity of producing 2.5 lakh units, is likely to come into operations by early 2017.The phase II, with the same production capacity, may become operational by 2019 as the company is facing long period of waiting for products such as Baleno and Vitara Brezza.“We may look at advancing the second manufacturing phase in Gujarat,” R S Bhargava, Chairman of MSI told journalists on the sidelines of 56th Annual Session of ACMA held in New Delhi. The Gujarat facility will have ...

The Dollar Business Bureau Maruti Suzuki India Ltd. said on Tuesday that it has posted a 23 percent rise in its net profit during the first quarter of 2016-17 fiscal. The country’s top-selling car manufacturer said the company’s profit during the April-June quarter stood at Rs.14.86 billion ($220.80 million), up from Rs.12.08 billion during the same period a year ago. Its net sales grew about 12 percent to 146.5 billion rupees. “The profit in the quarter was helped by a higher turnover, material cost reduction, higher non-operating income and lower depreciation,” Maruti Suzuki said in a statement. Maruti’s recent output is important as the Japanese car maker attempts to recover from an emissions testing scandal. Maruti Suzuki, controlled by Japanese company Suzuki Motor Corp through its ...

PTI Maruti Suzuki India Ltd (MSIL) today said its double digit growth target remains on track for the current fiscal despite production losses of 30,000 units in June owing to fire in one of its key vendor facilities at Manesar. "Whatever losses we had we will make up in the next few months as our production engineers are working on how to increase the production," MSIL Executive Director R S Kalsi said here today on the sidelines of the launch of new platinum rated showroom of 'One Auto' in Kolkata. The production loss is about 30,000 units for the company as the overall impact was almost for four weeks in the plant. Waiting period for Vitara Brezza and ...

The Dollar Business Bureau India’s largest automotive maker, Maruti Suzuki, revealed that it began exporting the much-anticipated Light Commercial Vehicle-LCV ‘Super Carry’ to Tanzanian and South African markets. Meanwhile, the LCV will be launched in India in the second quarter of the current fiscal. The first batch comprising of 100 Super Carry LCV’s has been shipped, revealed Maruti Suzuki India. The models being shipped to South Africa and Tanzania include the petrol variant of the LCV, which is run by G12B engine. Meanwhile, the company, in a bid to explore international markets, is also mulling plans to export the LCV to SAARC countries. In India, the LCV, powered by E08 engine, will be launched in selected parts of the country in the 2nd quarter of ...

Source: PTI Car exports from India declined marginally to 2,67,043 units in the first six months of the current fiscal due to challenges in various markets including Sri Lanka and Bangladesh. India had exported 2,68,863 units in the same period of last fiscal, 2014-15. According to Society of Indian Automobile Manufactures (SIAM), during April-September, 2015-16, the largest car exporter from the country Hyundai Motor India saw 13.91% drop in car exports to 83,522 units from 97,021 units in April-September period of 2014-15. On the other hand, Maruti Suzuki India's (MSI) exports during the period rose by 6.34% to 61,202 cars compared to 57,552 units in same period of previous fiscal. Japanese car maker Nissan's exports also declined 3.64% to 53,704 units in ...

Source: PTI Joining the chorus of industry leaders disappointed by stalemate on GST, Maruti Suzuki India Chairman RC Bhargava on Friday said political establishment must "re-look at measures" that are clearly in national interest. "I am sure people at large, who are concerned about the economy, will be very disappointed that due to purely political reasons, with no clear economic considerations being apparent, the GST (Goods and Service Tax) has not been approved," he said addressing shareholders at the company's annual general meeting in New Delhi. He further said: "I think that is very disappointing and as industry we believe that the entire political establishment must re-look at measures, which are clearly in national interest." Commenting on the land bill, he said ...

The Dollar Business Bureau In association with the Quality Council of India, FICCI on June 26, 2015 initiated an awareness program about the ‘Zero Defect, Zero Effect’ Maturity Assessment Model. “This initiative is intended to give a major fillip to Prime Minister Modi’s vision to manufacture products with 'zero defect' in terms of quality and with 'zero effect' in terms of environmental impact under the ‘Make in India’ umbrella,” said the industry body in a statement. In his maiden Independence Day speech on August 15, 2014, Modi along with ‘Make in India’ pitched for ‘zero defect zero effect’ strategy giving out a clear message that India manufactured products should meet global standards with zero effect on the environment. FICCI added that the ...