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Top related persons:
Hisashi Takeuchi - 1 Shashank Srivastava - 1 Sunil Kataria - 1 Maruti Suzuki - 1 Takeuchi - 1 Japan's Suzuki - 1 Srivastava - 1 Aditi Shah - 1
Top related locs:
Gurugram India DELHI
Top related orgs:
Maruti Suzuki India Ltd - 1 REUTERS - 1 Maruti - 1 India's - 1 Wednesday - 1 Japan's - 1 Toyota Motor - 1 Volkswagen - 1

Search resuls for: "Maruti Suzuki India Ltd"


4 mentions found


☆ Maruti Suzuki goes upmarket in India with new seven seater
  + stars: | 2023-07-05 | by ( Aditi Shah | ) www.reuters.com   time to read: +3 min
[1/3] Hisashi Takeuchi, MD & CEO of Maruti Suzuki India Ltd. and Shashank Srivastava, Senior Executive Officer, Marketing and Sales of Maruti Suzuki India Ltd., pose after the launch of multi-purpose vehicle Invicto in Gurugram, India, July 5, 2023. REUTERS/Sunil KatariaNEW DELHI, July 5 (Reuters) - Maruti Suzuki, India's biggest automaker, is looking to break into the premium car segment with its new seven seater, as a growing number of buyers opt for bigger, feature-packed cars. Maruti, known for small and compact cars that are mostly priced below 1 million rupees ($12,000), on Wednesday launched the Invicto seven seater with a hybrid powertrain starting from around 2.5 million rupees ($30,000). Maruti, majority owned by Japan's Suzuki Motor (7269.T), made its name as a mass market car brand offering affordable prices and low maintenance costs. When it comes to premium cars, or those typically priced above 2 million rupees, buyers tend to turn to the likes of Toyota Motor (7203.T) or Volkswagen (VOWG_p.DE), say analysts.
Persons: Hisashi Takeuchi, Shashank Srivastava, Sunil Kataria, Maruti Suzuki, Takeuchi, Japan's Suzuki, Srivastava, Aditi Shah, Mark Potter Organizations: Maruti Suzuki India Ltd, REUTERS, Maruti, India's, Wednesday, Japan's, Toyota Motor, Volkswagen, Thomson Locations: Gurugram, India, DELHI
☆ India's top carmaker Maruti's profit doubles on strong demand
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Jan 24 (Reuters) - Maruti Suzuki India Ltd (MRTI.NS) beat quarterly profit estimates and reported improved margins on Tuesday as the country's biggest carmaker benefitted from strong demand for its passenger cars, helped by festive sales. Profit for Maruti, which has over 40% market share in the country's passenger vehicles segment, more than doubled to 23.51 billion rupees ($288.5 million) in the quarter ended Dec. 31, from 10.11 billion rupees a year ago. Analysts on average had expected a profit of 18.81 billion rupees, according to Refinitiv IBES data. Festive demand and improved availability of semiconductors pushed car sales up nearly 23% across companies last quarter, the Society of Indian Automobile Manufacturers has said. Maruti, majority owned by Japan's Suzuki Motor Corp (7269.T), said vehicle sales rose to 465,911 units in the quarter from 430,668 units a year ago.
☆ India's Maruti tops Q3 profit view on strong passenger car demand
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Jan 24 (Reuters) - Maruti Suzuki India Ltd (MRTI.NS) reported better-than-expected quarterly profit on Tuesday, as the country's biggest carmaker benefitted from strong demand for its passenger cars, sending shares up as much as 2.4%. Profit for Maruti, which has over 40% market share in the country's passenger vehicles segment, came in at 23.51 billion rupees ($288.53 million) for the quarter ended Dec. 31, compared with 10.11 billion rupees a year ago. Maruti, majority owned by Japan's Suzuki Motor Corp (7269.T), sold 465,911 vehicles in the quarter, up from 430,668 units the same quarter last year. The company said it had about 363,000 pending orders, out of which about 119,000 orders were for newly launched models. Analysts on average had expected the company to report a profit of 18.81 billion rupees, according to Refinitiv IBES data.
☆ India's Maruti says chip shortage to cause bigger hit to Dec production
  + stars: | 2022-12-02 | by ( ) www.reuters.com   time to read: 1 min
BENGALURU, Dec 2 (Reuters) - Maruti Suzuki India Ltd (MRTI.NS), the country's top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months. The company's production in November, which also saw a "minor impact" due to the shortage, rose 5% year-on-year to 152,786 units, but was at the lowest level since June. Reporting by Chris Thomas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
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