Japanese auto giant Suzuki is working on smaller hybrid cars that will offer much better mileage than the current cars, revealed Maruti Suzuki Chairman RC Bhargava.While speaking to reporters post the announcement of Maruti’s Q4 earnings on Friday, Bhargava said that the costs of today’s technology which goes into the Toyota hybrids is still quite … Read more
Maruti Suzuki India disclosed its quarter four results for FY 2023-24, indicating a notable rise in net profit by 47.8 per cent to Rs 3,877.8 crore compared to Rs 2,623.6 crore in the same period last fiscal year.The annual sales volume of the Maruti Suzuki has also surpassed the 2 million units. The company has … Read more
The country’s largest carmaker Maruti Suzuki Friday met street estimates to report a 47.8% increase in net profit at Rs 3,877.8 crore for the fourth quarter ended March 31, 2024 driven by strong sales and better product mix.Brokerage firm Prabhudas Lilladher had expected the company to post a 48% in net profit at Rs 3,884 … Read more
Mumbai: Sales of large utility vehicles such as SUVs and MPVs, which meet the government’s definition of ‘popular SUVs’, advanced at a faster clip of 27% in FY24 ahead of a 25% growth in the compact SUV segment, according to analysis of data compiled by the Society of Indian Automobile Manufacturers (Siam).While compact SUV models … Read more
India’s appetite for compact vehicles – defined as being less than 4 metres in length – seems to be waning. Despite a preferential taxation regime, the share of sub-4 metre compact vehicles, has fallen from 62% in 2021 to 50% in 2023. The number of models on offer in this segment is also down to … Read more
Carmakers have started offering discounts and freebies this fiscal after a hiatus of three years, hoping to entice new buyers and clear record inventory levels. Car dealership stock reached an all-time high of 310,000 vehicles at the start of the financial year. This is leading companies into pushing sales by expanding into smaller towns and … Read more
The highly-anticipated 2024 Maruti Suzuki Swift is set to make its debut in India in May, bringing with it a host of upgrades from the previous model. The refreshed version of the Swift has already been launched in other markets, boasting a new look and improved features. While the global model has undergone significant changes, … Read more
Maruti Suzuki has applied for Bharat New Car Assessment Programme (Bharat-NCAP) safety ratings for some of its vehicles, a senior government official has said. Last year, Tata Motors’ SUVs Safari and Harrier became the first recipients of the safety rating for adult and child occupant protection as per Bharat-NCAP. The SUVs were given 5-star rating. … Read more
Maruti Suzuki on Wednesday announced steep price hikes for Maruti Swift and some variant of Grand Vitara, amid rising commodity prices which India’s largest carmaker perhaps wants to pass on to customers. Maruti raised prices of Swift by up to Rs 25,000 and Grand Vitara Sigma variant by Rs 19,000, the company said in a … Read more
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 … Read more
