NSE - Delayed Quote ? INR Maruti Suzuki India Limited (MARUTI.NS) Follow Compare 11,046.00 -437.25 (-3.81%) At close: 3:30 PM GMT+5:30 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Indian carmaker Maruti Suzuki's revenue slows to near 3-year low, shares slide The growth in revenue was Maruti Suzuki's slowest since it last reported a fall 11 quarters ago. Lukewarm demand for new cars has forced manufacturers to moderate dispatches to dealers and dish out higher discounts to attract buyers as showroom owners grapple with rising levels of unsold cars. The higher discounts also led to a drop in margins on operating earnings before interest and taxes to 10.3% for the second quarter from 11.1% a year ago, the company, which is majority-owned by Japan's Suzuki Motor, said. Reuters ? 13 hours ago MARUTI.NS -3.81% Toyota, Maruti launch marketing drive for hybrids in key Indian state From Instagram ads to telesales, Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in the most populous Indian state of Uttar Pradesh, aiming to cash in on tax waivers that upset many of their rivals. The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer. At the Sunny Toyota showroom in Uttar Pradesh's capital of Lucknow, salespeople have been tasked to call customers who visited in the last six months to tell them about the benefits of hybrid tax waivers that will help them save $15,800 on the luxury Toyota Vellfire model and $5,200 on its Camry sedan. Reuters ? last month TM MARUTI.NS -3.81% Maruti leads drop in Indian carmakers' sales to dealers in July as demand cools India's top three carmakers by sales, on Thursday, reported a drop in car sales to domestic dealers in July as pent-up demand from last year began to taper off. Hyundai Motor India's sales to dealers dropped 3.3% in July, the first decline in the fiscal year that started in April. Market leader Maruti Suzuki's sales fell an even steeper 9.6%, notching the first drop since December 2023. Reuters ? 2 months ago MARUTI.NS -3.81% Vehicle sales in India forecast to hit new record in 2024 India's vehicle market forecast to continue to grow Just Auto ? 4 months ago GLDAF MARUTI.NS -3.81% Maruti Suzuki launches pilot biogas plant at Indian facility Maruti Suzuki says the plant is expected to produce 0.2 tonnes of biogas every day and 100,000cu m during 2025. Investment Monitor ? 4 months ago MARUTI.NS -3.81% India's Maruti Suzuki recalls over 16,000 cars The country's top carmaker said it would recall 11,851 units of Baleno and 4,190 units of WagonR models, manufactured between July and November 20l9. "It is suspected that there is a possible defect in a part of fuel pump motor, which in a rare case may lead to engine stalling or engine starting issue," Maruti said. Reuters ? 7 months ago MARUTI.NS -3.81% India's Maruti Suzuki facing some challenges due to Red Sea crisis -exec BENGALURU (Reuters) -Maruti Suzuki India, the country's top carmaker by sales, is facing some logistical challenges due to traffic disruption in the Red Sea, a company executive said on Wednesday. "The time of dispatches may change and there may be some uncertainty in vessels coming and picking up their consignments," Rahul Bharti, Maruti's investor relations chief, said in a post-earnings analyst call. Attacks by Yemen's Houthi militants on merchant ships in the Red Sea and retaliatory U.S. strikes have ratcheted up tensions in the Middle East, forcing companies to reroute shipments as they face delays and boosted rates. Reuters ? 8 months ago MARUTI.NS -3.81% India's Maruti Suzuki hikes prices across models Maruti Suzuki India, the country's top car maker, on Tuesday hiked prices of its models by 0.45%, far lower than its hike in January last year, signalling a slowdown in the demand for its cars. Maruti and its peers had said towards the end of 2023 that they planned to hike prices from January due to increased commodity costs. The company, majority owned by Japan's Suzuki Motor has struggled with sluggish sales in the small car segment, as the income levels of its traditional customers failed to keep pace with the escalating prices of goods ranging from cars to consumer products. Reuters ? 9 months ago MARUTI.NS -3.81% UPDATE 2-Toyota to roll out solid-state battery EVs globally in a couple of years Japan's Toyota Motor will in a couple of years globally launch vehicles with solid-state batteries that charge faster and last longer, an executive said on Thursday at an investment summit in India. Solid-state batteries promise to dramatically improve the driving range of electric vehicles (EVs), a key element of a strategic pivot Toyota unveiled in June to make up ground lost to Tesla and Chinese rivals, such as BYD, in the EV race. Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028, followed by full-scale mass production. Reuters ? 9 months ago TM MARUTI.NS -3.81% UPDATE 2-India's Modi woos investors at business summit as firms make spending pledges India's Prime Minister Narendra Modi touted his country's economic prospects at a business summit in his home state of Gujarat on Wednesday as several big firms unveiled investment plans worth nearly $33 billion. His pitch comes just months before national elections, in which he will seek a third term, and at a time when global businesses are looking at India to diversify supply chains beyond China. India is a "powerhouse for talented youth, a technology hub for finding solutions and a democracy that delivers", Modi told the Vibrant Gujarat Global Summit, adding that the nation was on its way to becoming the world's third-largest economy in a few years. Reuters ? 9 months ago MARUTI.NS -3.81% Top 20 Most Valuable Indian Companies In this article, we will look into the top 20 most valuable Indian companies. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Valuable Indian Companies. An Outlook of the Indian Economy According to Deloitte’s Indian Economic Outlook 2023, The Indian economy is poised to emerge as […] Insider Monkey ? 11 months ago HDB RELIANCE.NS TCS.NS -0.38% Performance Overview Trailing total returns as of 10/29/2024, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX Return MARUTI.NS S&P BSE SENSEX YTD +8.23% +11.25% 1-Year +5.58% +26.00% 3-Year +53.73% +33.98%
