Maruti Suzuki India Ltd (MARUTI)

Maruti Suzuki Gains on Nifty 50 Index Amid Caution Over ADAS Technology - 30 Apr, 2024

Maruti Suzuki sees gains on the Nifty 50 index amid news that it is a major player in India's sub-compact SUV segment and reports of caution from the company's chairman over introducing ADAS technology.

Maruti Suzuki Reports Strong Q4 Results; Aims to Electrify Portfolio - 29 Apr, 2024

Maruti Suzuki India reports a substantial increase in Q4FY24 net profit and revenue. The company plans to electrify 40% of its portfolio by FY 2030-31 and explore affordable hybrid technology. RC Bhargava is optimistic about the small car market's revival but skeptical towards electric vehicles. Analysts give mixed ratings with Prabhudas Lilladher giving a buy rating while Emkay Global Financial reducing the target price.

Maruti Suzuki India Sees Growth Across Multiple Areas - 28 Apr, 2024

Maruti Suzuki India is set to exceed a 50% share of green vehicles in its overall sales this fiscal year, while also achieving record annual exports and increasing captive solar power generation capacity. The company has delivered strong financial results, with significant YoY growth in both revenue and profit. Additionally, Maruti is betting big on Ertiga CNG models and plans to use a new assembly line to address a backlog of pending orders.

Maruti Suzuki Reports Record Revenue and Profit in Q4 FY23-24 - 27 Apr, 2024

Maruti Suzuki India Ltd reported record revenue, profit, and vehicle sales for Q4 FY23-24, driven by strong demand for SUVs. The company also plans to expand its hybrid offerings in India over the next 4-5 years. Additionally, Tata Motors is looking to compete in the premium hatchback segment in India.

Maruti Suzuki Reports Strong Q4 Results and Aims for Hybrid Car Growth - 26 Apr, 2024

Maruti Suzuki India reports a strong Q4FY24 with a 48% increase in net profit and surpassing the annual sales milestone of two million units in FY24. The company aims for growth in the Indian market through affordable hybrid cars and is hoping for tax reductions on such vehicles.

Maruti Suzuki Expected to Post Strong Q4 Results - 25 Apr, 2024

Maruti Suzuki India Ltd is expected to report robust Q4 financial results with a sharp rise in volumes and greater mix of premium SUVs in sales. Revenue from operations is expected to jump 20%, while net profit is likely to surge 52%. EBITDA margins are also expected to improve due to operating leverage, volume growth, and lower commodity costs.

Maruti Suzuki India Expected to Report Strong Q4 Performance - 24 Apr, 2024

Maruti Suzuki India is set to report its financial results for the quarter and year ended March 31, 2024, with analysts expecting a strong quarterly performance driven by high volumes and better realizations. The company is estimated to register a standalone net profit of Rs 3,950 crore and 20.8% growth in revenue to Rs 38,700 crore.

Maruti Suzuki Shares Hit Record High Ahead of Q4 Results - 23 Apr, 2024

Shares of Maruti Suzuki India Ltd crossed Rs 13,000 mark for the first time, up 26% YTD, ahead of its Q4 results on April 26. Analysts expect strong performance driven by healthy growth in passenger vehicle segment and rationalisation of hybrid taxation. Out of 50 analysts tracking Maruti, 40 have a Buy recommendation.

Maruti Suzuki Develops EV SUV With Toyota - 22 Apr, 2024

Maruti Suzuki collaborates with Toyota to develop an electric SUV in India, while also planning to launch a feature-rich 2024 Dzire sedan.

Maruti Suzuki and Toyota to Launch Sixth Shared Product in India - 21 Apr, 2024

Maruti Suzuki and Toyota are set to launch their sixth shared product in India, the Taisor. The collaboration has already produced successful models like the Glanza, Urban Cruiser, Hyryder, Invicto, and Rumion MPV.

Maruti Suzuki Swift Receives Significant Updates for 2024 - 19 Apr, 2024

The 2024 Maruti Suzuki Swift will feature a brand-new Z-Series petrol engine, 6 airbags as standard, and significant exterior and interior updates. The hatchback received a 4-star rating in the Japan New Car Assessment Programme (JNCAP) crash test.

Maruti Suzuki's New Launches & Price Hike - 18 Apr, 2024

Maruti Suzuki is set to launch new-gen Swift and Dzire with major updates. Bernstein maintains an outperform rating on Maruti Suzuki and raises target price to Rs 14,400. Maruti Suzuki Swift gets a price hike of up to Rs 39,000 ahead of next-gen launch.

Maruti Suzuki Faces Tax Demand, Expected to Lead Growth in OEMs Segment - 17 Apr, 2024

Maruti Suzuki is facing a tax demand of Rs 2.5 crore from CESTAT Chandigarh for a four-year period, which it plans to contest in the country's highest court. The automaker is also expected to lead the growth in the OEMs segment due to favorable import conditions.

Maruti Suzuki India Reports Growth in Revenue and Production Milestone - 16 Apr, 2024

Maruti Suzuki India is expected to report double-digit growth in revenue and margin while achieving a production milestone of 30 million vehicles in India. The highly-anticipated 2024 Maruti Suzuki Swift is set to make its debut in May, while the company aims to increase production capacity to 4 million units by FY2030.

Maruti Suzuki Set to Launch New-Gen Swift in India - 15 Apr, 2024

Maruti Suzuki is preparing to launch the updated Swift in India next month, featuring a fresh look, upgraded features, and mild-hybrid technology. The hatchback will compete with the Hyundai Grand i10 Nios and Tata Tiago. The new Swift boasts several design updates, including LED headlights and redesigned tail lights, as well as safety features such as six airbags.

Maruti Suzuki Commissions Additional Assembly Line at Manesar Facility - 14 Apr, 2024

Maruti Suzuki India has commissioned an additional vehicle assembly line at its Manesar facility, increasing manufacturing capability to 9 lakh vehicles per annum. The automaker also led the passenger vehicle segment with a shipment of 2,80,712 units in FY24.

Maruti Suzuki EV Spotted; Exports 18 Models - 13 Apr, 2024

Maruti Suzuki is set to launch its upcoming eVX electric SUV soon in India. The company also exported 18 models to around 100 countries, including key markets in Africa, Latin America, Asia, and the Middle East.

Maruti Suzuki Aims to Export 800,000 Units by 2030 - 12 Apr, 2024

Maruti Suzuki India Ltd aims to export 800,000 units by 2030 as part of its strategic expansion strategy. In FY24, the company achieved a historic milestone in exports, reaching 283,067 units.

Maruti Suzuki Dominates Indian PV Market; Hikes Prices of Swift and Grand Vitara - 11 Apr, 2024

Maruti Suzuki maintains its dominance in the Indian passenger vehicle market with sales of 17,59,881 units in FY24. The company expands its NEXA portfolio to seven models, including the popular Baleno. Maruti Suzuki also increases the prices of Swift and Grand Vitara. Its hybrid cars, Grand Vitara and Invicto, remain among the top-selling affordable hybrids in India.

Maruti Suzuki Reports Strong Q3 Results, Increases Manufacturing Capacity - 10 Apr, 2024

Maruti Suzuki India Ltd has reported a strong Q3 FY24 result with a 33.27% YoY increase in consolidated net profit. The company also announced a price hike for its Swift hatchback and select variants of the Grand Vitara SUV. Additionally, it has increased its total manufacturing capacity from 2.25 million units to 2.35 million units with a new assembly line at its Manesar plant. Analysts expect further growth in Q4 FY24.