New Delhi: Maruti Suzuki India, the country’s largest carmaker, Friday reported record revenue, profit and vehicle sales for the quarter as well as the financial year ended March, helped by robust demand for higher-margin sport utility vehicles (SUVs). Lower commodity prices and a cost-cutting drive also aided the financials of the carmaker which has popular … 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
In the race of returns, gold appears to have left the S&P BSE Sensex behind by miles in 2024. The yellow metal has approximately given 13% returns on a year-to-date (YTD) basis as against a 4% gain delivered by India’s heartbeat index. In the 30-stock index, 10 have given returns superior to gold in 2024. … Read more
New Delhi, Maruti Suzuki India on Tuesday said it has expanded the production capacity of its Manesar facility by one lakh units per annum. The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants functioning at Manesar, in Haryana. “The new vehicle assembly line has the capability … Read more
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 … Read more
MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … Read more
India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company’s subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the … Read more
Maruti Suzuki India on Monday reported a 10 per cent rise in total sales at 1,87,196 units in March this year as compared to 1,70,071 units in the same month last year. In the year 2023-24, the company crossed an annual total sales milestone of 20 lakh units with highest-ever yearly domestic sales of 1,793,644 … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
Shashank Srivastava, Executive Director, Maruti Suzuki India Ltd, says “the transformation of Maruti Suzuki is one of the biggest achievements of the company. Of course, we have contributed hugely to the Indian manufacturing sector. We are the leaders in the automobile for the last 40 years of its existence. But it goes beyond that and … Read more
