India’s Maruti Suzuki plans to double production capacity
- 29-Aug-2023
Maruti Suzuki India plans to double its production capacity to 4 million over the next eight years, India’s top carmaker by sales said at its annual general meeting on Tuesday. The carmaker also expects export volumes to touch 800,000 cars by fiscal 2031, Chairman R.C. Bhargava told shareholders at the meeting. As of fiscal 2023, […]
Maruti Suzuki to recall 17,362 vehicles
- 18-Jan-2023
India’s top carmaker Maruti Suzuki on Wednesday said it is recalling 17,362 vehicles manufactured between Dec. 8, 2022 and Jan. 12, 2023 over a possible defect in its airbag controllers. The recall is to inspect and replace the affected part of the airbag controller, which could, in rare situations, not deploy the airbags and seat […]
Maruti Suzuki plans price hike in January
- 02-Dec-2022
India’s top carmaker Maruti Suzuki said on Friday it planned to increase the price of its vehicles in January, prompted by continued cost pressure due to inflation and recent regulatory requirements. India’s annual retail inflation eased to a three-month low of 6.77% in October, but has remained stubbornly above the 6% upper limit of the […]
Carmaker Maruti Suzuki feels the squeeze
- 27-Jul-2022
Maruti Suzuki India, the country’s top carmaker, said on Wednesday rising raw material costs had eaten into its margins despite more sales at higher prices, hurting quarterly profit which came in below analyst estimates. Maruti recorded a profit of 10.13 billion rupees ($126.79 million) for the quarter that ended on June 30, compared with 4.41 […]
Suzuki’s electric vehicle plan revealed!
- 21-Mar-2022
Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday. It is the first major EV plan announced by Maruti Suzuki for India in a bid to align itself with a national strategy […]
Maruti Suzuki India’s quarterly profit falls short as promotions rise
- 28-Jan-2020
Net profit rose to 15.65 billion rupees ($220.21 million) for the three months ended Dec. 31, compared with 14.89 billion rupees a year earlier
India reviewing complaint against Maruti Suzuki
- 09-Jan-2020
Maruti spokesman said: “We are not aware of any such alleged complaint that is being investigated by CCI and therefore cannot comment on the same.”
India’s economy suffers car crash
- 04-Sep-2019
These are hard times for an area dependent on the fortunes of companies like Maruti Suzuki, the carmaker with the largest market share in India, and motorbike maker Honda’s local unit
India watchdog probes allegations of anti-competitive conduct by Maruti
- 21-May-2019
India’s antitrust regulator is looking into allegations that Maruti Suzuki, the country’s biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars