Monday, October 21

Tag: Maruti Suzuki

Automobile exports from India dip 5.5% in FY24
14Apr By adminNo Comments
Business

Automobile exports from India dip 5.5% in FY24

NEW DELHI: Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23. Commenting on the drop in overseas shipments last fiscal, SIAM President Vinod Aggarwal said the situation remains volatile in various overseas markets. "Some of the countries, where we are very strong with commercial vehicle and two-wheeler exports, have been facing foreign exchange-related issues," he noted. The last fiscal saw a sizeable drop in commercial vehicle, two-wheeler and three-wheeler shipments, although passenger vehicles grew marginally. However, in the January-March quarter this year, we have se...
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Maruti Suzuki eyes export of 300,000 units in FY25, 800,000 by 2030 | Company News
7Apr By adminNo Comments
Business

Maruti Suzuki eyes export of 300,000 units in FY25, 800,000 by 2030 | Company News

In FY24, Maruti Suzuki posted record exports of 2,83,067 units, up from the previous best of 2,59,333 units in FY23. In FY22 its exports were at 2,38,376 units On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official. The company plans to launch more models in its various export markets that span over 100 countries while also enhancing distribution network, having taken best practices from India such as making bank finance available at dealerships, strengthening service facilities and parts availability to the export markets. "Till about three years ago our exports were in the r...
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Maruti Suzuki production falls 2.96% at 1,21,028 units in Dec 2023
2Jan By adminNo Comments
Business

Maruti Suzuki production falls 2.96% at 1,21,028 units in Dec 2023

Production of light commercial vehicle Super Carry was, however, higher at 1,510 units as compared to 587 units in the year-ago month Maruti Suzuki India on Tuesday reported a 2.96 per cent decline in total vehicle production at 1,21,028 units in December 2023. The company had produced 1,24,722 units in December 2022, Maruti Suzuki India said in a regulatory filing. Total passenger vehicle production last month stood at 1,19,518 units as against 1,24,135 units in December 2022, down 3.72 per cent, it added. Production of light commercial vehicle Super Carry was, however, higher at 1,510 units as compared to 587 units in the year-ago month. Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava had on Monday stated that the ...
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Beyond Borders: The True Origins Of India’s Favorite Brands – Colgate, Bata And Maruti
18Dec By adminNo Comments
Business

Beyond Borders: The True Origins Of India’s Favorite Brands – Colgate, Bata And Maruti

Curated By: Business DeskLast Updated: December 18, 2023, 14:41 ISTThe market shares of Maruti, Bata and Colgate are quite high.Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 countries.Several well-known brands, such as Colgate, Bata, and Maruti, have entrenched themselves as best-selling products in the Indian market. While these names are synonymous with quality and popularity in both urban and rural settings, their origins might surprise many, challenging the assumption that they are inherently Indian brands.Colgate-Palmolive (India) (CPIL) currently stands as the largest oral care company in India, boasting over 50% market share in the toothpaste category. However, the roots of Colgate can be trac...
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Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine
28Nov By adminNo Comments
Business

Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine

Stock market LIVE updates: Benchmark indices exhibited lacklustre movement in trades on Tuesday even as select sectors were buzzing with solid gains. Oil & Gas and Power in particular, thanks largely to the Adani Group shares, logged strong gains.The S&P BSE Sensex quoted around 66,050 levels, up nearly 100 points, while the Nifty50 tested the 19,850-level.   The broader markets continued to exhibit strength with the BSE MidCap and SmallCap indices rising up to 0.18 per cent.  Among other sectoral indices, the Nifty Metal index added 1.15 per cent, while the Nifty IT index fell 0.5 per cent. Buzzing stocks DLF: Shares fell 1.6 per cent after the Enforcement Directorate searched the premises of the realty major in Gurugram as part of a money la...
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Festival season momentum light up domestic PV sales, GST collection
1Nov By adminNo Comments
Business

Festival season momentum light up domestic PV sales, GST collection

Helped by strong festival-season demand and momentum in the economy, domestic passenger vehicle (PV) sales reached a new peak for a third consecutive month in October, while the goods and services tax (GST) collection surged to the second-highest ever. But there were some concerns regarding manufacturing activity and joblessness, especially in rural India. While the monthly PV wholesale number at 391,472 units in October, up 16.3 per cent year-on-year (Y-o-Y), topped the record of 363,733 units set in September, the GST mop-up at Rs 1.72 trillion, an increase of 13 per cent Y-o-Y, lagged only the high of Rs 1.87 trillion reached in April this year.  UPI transactions also saw their highest ever value in October at Rs 17.16 trillion, up 9 per cent from Rs 15.8 tr...
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Total capital expenditure to be Rs 1.25 trillion till FY31
9Oct By adminNo Comments
Business

Total capital expenditure to be Rs 1.25 trillion till FY31

Maruti Suzuki India (MSIL) plans to spend about Rs 1.25 trillion on capital expenditure (capex) between FY24 and FY31, the company said on Monday. This is significantly higher than its capex spend of Rs 27,538 crore in the last eight years from FY16 to FY23, a Business Standard analysis showed.   India's biggest carmaker said it will spend around Rs 45,000 crore to expand production capacity by 2 million units in this eight-year period.   A range of strategic endeavours such as expanding sales channels, building service and spare parts infrastructure, enhancing export capabilities, and financing research and development (R&D) efforts for new vehicle models will roughly get a Rs 80,000 crore allocation.   ...
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