Maruti Suzuki India Ltd (MARUTI)

Mixed Day for Maruti Suzuki Shares Amidst Government Incentives and High GST Rates - 23 Jul, 2024

Maruti Suzuki shares gained slightly on hopes of government incentives for hybrid vehicles, but slipped 2% due to the lack of charging infrastructure and high GST rates for hybrids. Union Minister Nitin Gadkari's proposal to reduce GST rates for hybrids could benefit Maruti Suzuki. The company's CEO praised the budget for its growth-oriented approach.

Maruti Suzuki Aims for Market Share Growth with Discounts and EV Launch - 22 Jul, 2024

Maruti Suzuki is offering huge discounts on Jimny and Fronx models while planning to launch its first-ever EV in India and Europe next year, targeting 15% of sales in India to be EVs by 2030. The company also aims to increase its market share from around 40% to 50% by 2030.

Maruti Suzuki's New Dzire Set to Debut in August - 20 Jul, 2024

Maruti Suzuki is set to launch an entirely new model of its top-selling sedan, the Dzire, ahead of the festive season. The new generation will feature a 1.2-litre petrol engine and both manual and AMT transmissions. Reports suggest that it may be introduced in August, followed by the launch of its CNG variant.

Maruti Suzuki Resumes Operations After Global IT Outage - 19 Jul, 2024

Maruti Suzuki India was briefly affected by the global Microsoft systems outage, but has since resumed its operations. The company does not anticipate any material impact on its performance. Meanwhile, an MSIL dealership in West Delhi is offering special monsoon discounts of up to Rs 1 lakh on select models.

Maruti Suzuki Benefits From Hybrid Tax Waiver And Upcoming EV Launches - 18 Jul, 2024

Maruti Suzuki stands to gain from the proposed reduction in GST rates for hybrids and the upcoming launch of lean battery EVs in India. Additionally, dealers continue to offer a substantial road tax waiver benefit for hybrids in Uttar Pradesh.

Suzuki Motor Corp Unveils Technology Strategy for Maruti Suzuki - 17 Jul, 2024

Suzuki Motor Corporation plans to reduce the weight of hatchback Alto by 100 kg from the current 680 kg. The automaker will further evolve the lightweight and safety body HEARTECT, and also work to minimize energy consumption through weight reduction technology.

Maruti Suzuki Stock Faces Volatility Amid Hyundai's IPO and Upcoming Budget Incentives - 16 Jul, 2024

Maruti Suzuki faces potential volatility due to Hyundai's IPO and the possibility of incentives for hybrids in the upcoming budget. While Hyundai's IPO may lead to increased competition, incentives for hybrids could benefit Maruti Suzuki over competitors like Tata Motors.

Maruti Suzuki Hybrid Cars Eligible for Waiver of Registration Fees - 15 Jul, 2024

Maruti Suzuki's strong hybrid cars meet the criteria specified by Uttar Pradesh's policy on waiving registration charges. Nomura predicts a 7% YoY revenue growth in Q1.

Maruti Suzuki Leads Automobile Exports in India - 14 Jul, 2024

Maruti Suzuki India has emerged as the leader in automobile exports from India by exporting 69,962 units in the first quarter of the fiscal year, up from 62,857 units last year.

Maruti Suzuki Focuses on Digitalisation and Car Subscription Model - 13 Jul, 2024

Maruti Suzuki has set up a dedicated digital enterprise vertical for internal systems and processes and deployed AI-powered virtual chatbots. Its car subscription model witnessed significant growth with over 10,000 cars subscribed across India since July 2020 till the close of FY24.

Maruti Suzuki India Faces Mixed News - 12 Jul, 2024

Maruti Suzuki India faces mixed news as it plans to increase its dividend while domestic sales of smaller cars drop significantly. Additionally, the Maruti Swift receives a low 3-star safety rating from Euro NCAP.

Maruti Suzuki discounts to depend on July sales - 11 Jul, 2024

RC Bhargava, Chairman of Maruti Suzuki, stated that future discounts in the auto market will depend on the sales numbers for July. If sales pick up and stock returns to reasonable levels, the discounts will come down.

Maruti Suzuki India Ltd Gains Momentum - 10 Jul, 2024

Maruti Suzuki India Ltd gains momentum as the company expands its accelerator program to include global startups and benefits from the Uttar Pradesh government's waiver of registration fees on hybrid cars. Brokerages remain bullish on the stock.

Maruti Suzuki Gains on Hybrid Waiver & EV Launch Plans - 09 Jul, 2024

Maruti Suzuki stock jumps 6.6% as UP government offers 100% waiver on registration tax for hybrid vehicles. The company also announced plans to launch its first EV, eVX, in India next year. Chairman RC Bhargava commended the move towards alternative technologies. Shares surge amid Nifty 50 and Sensex hitting fresh record highs.

Maruti Suzuki Achieves Milestones in Sales and Green Logistics - 08 Jul, 2024

Maruti Suzuki achieves milestones in sales and green logistics, selling 16,422 units of the Swift in June 2024 with a YoY growth of 3%, becoming India's first automaker to dispatch over 2 million vehicles through railways, planning to transport 35% of its produced vehicles via Indian Railways by FY31, and benefiting from Uttar Pradesh government's waiver of registration tax on strong hybrid cars.

Maruti Suzuki Faces Competition as Hyundai Gains Market Share - 07 Jul, 2024

Maruti Suzuki faces increased competition with Hyundai gaining a 13.8% market share in India's passenger vehicle market for H1 2024. Analysts caution that rising premiumisation trends may moderate Maruti Suzuki's earnings growth. Additionally, cautiousness over further upside is prompted by the stock's 17.5% surge this year.

Maruti Suzuki to Launch Urbano Edition of Brezza - 06 Jul, 2024

Maruti Suzuki is set to introduce a new variant of the Brezza called the Urbano Edition, which will come with 23 accessories costing up to ₹1.34 lakh. The special edition is expected to be based on LXi and VXi variants and may also offer a CNG powertrain.

Maruti Suzuki Launches Brezza Urbano Edition and Identified as Tactical Pick - 05 Jul, 2024

Maruti Suzuki India Ltd launches the Brezza Urbano Edition with an additional accessory kit and is identified as a tactical pick due to its outstanding Q4FY24 financial performance and expected boost in demand outlook.

Maruti Suzuki Offers Discounts on Jimny Amid Slowing Sales - 04 Jul, 2024

Maruti Suzuki is offering discounts up to Rs 2.5 lakh on the Jimny while market leaders report slowing growth rates in sales offtake for the June quarter. Showroom footfall has also decreased by at least 18% due to the heatwave.

Maruti Suzuki Sees Growth Across Various Initiatives - 03 Jul, 2024

Maruti Suzuki India sees growth across various initiatives including subscription model, renewable energy investments, and dominance in the Indian car market. The company also offers discounts and exchange bonuses on select models.