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Clues by NC Team • 15 Feb 2019, Friday

Maruti Suzuki India and Mahindra and Mahindra (M&M) are working on plans to gradually reduce dependence on diesel cars in view of the stringent Bharat Stage VI norms setting in from April 2020. While parent company Suzuki is inclined to stop diesel car production completely, Maruti is resisting the move to avoid adverse impact on sales. However, it wants to expand its offerings of cars that run on compressed natural gas (CNG). Meanwhile, M&M, which is heavily dependent on diesel vehicles, plans to start offering petrol engine options across its entire range, except the Bolero model, MD Pawan Goenka said.

Read More at Livemint
Clues by NC Team • 14 Feb 2019, Thursday

In a first of its kind, India’s largest carmaker, Maruti Suzuki, is offering a 24X7 service centre facility for its customers. This facility will be available across six cities in India. Maruti Suzuki has opened its 24X7 service centres in the cities of Gurugram, Noida, Bengaluru, Bhubaneshwar, Mangaluru and Sahibabad. Maruti had launched a pilot service in Gurugram last year. Maruti Suzuki says that the facility will be offered at service centres located near IT hubs where many of the employed population have night shifts. As of now, Maruti Suzuki services 25 cars a night on an average.

Read More at News18
Clues by NC Team • 8 Feb 2019, Friday

Retail passenger vehicle (PV) sales grew 34% month-on-month (m-o-m) in January, driven by the massive year-end discounts and new launches by Maruti Suzuki, Tata Motors and Nissan India, according to the Federation of Automobile Dealers Associations (FADA). PV retail sales stood at 271,395 units last month against 202,585 units in December. The data is based on vehicle registration collated from 1,081 out of 1,437 regional transport offices (RTOs). Wholesale volumes, however, remained under pressure with the top five automakers reporting negative or flat sales growth in January, partly due to inventory pile-up at dealers from the festive months. 

Read More at The Financial Express
Clues by NC Team • 1 Feb 2019, Friday

Maruti Suzuki India, the country's largest car maker, has reported better-than-expected sales for January driven by mini car, utility vehicles and vans segments. The company sold 1.517 lakh vehicles during the month, an increase of 0.2% over 1.513 lakh vehicles sold in same month last year. Domestic sales lifted the growth in January, which increased 1.1% to 1.42 lakh vehicles, but exports dropped 11% to 9,571 units compared to year-ago month.

Read More at Moneycontrol
Clues by NC Team • 25 Jan 2019, Friday

Maruti Suzuki India (MSIL) on Friday reported a 17.26 per cent fall in its net profit at Rs 1,489.3 crore for third quarter of FY19. The carmaker had reported PAT of Rs 1,800 crore in the year-ago quarter. Total revenue from operations stood at Rs 19,668.3 crore against Rs 19,283.2 crore in the year-ago period. Basic EPS (earnings per share) came in at Rs 49.30 against Rs 59.56 in the corresponding quarter previous fiscal. 

Read More at Business Standard
Clues by NC Team • 25 Jan 2019, Friday

Tata Motors is planning to scale up its used car business this year and is in the process of identifying markets where pre-owned cars are in huge demand. Tata Motors had in 2009 commenced its certified pre-owned car programme — Tata Motors Assured — but did not find much success. Currently, Mahindra & Mahindra (M&M) has the largest network of over 1,700 pre-owned cars outlets under the brand name Mahindra First Choice. Maruti Suzuki has the second largest network of 1,200 outlets under the brand name True Value. Tata Motors currently has a dealer network of 780 outlets. 

Read More at The Financial Express
Clues by NC Team • 24 Jan 2019, Thursday

Maruti Suzuki India MD and CEO, Kenichi Ayukawa has called for a lower tax rate on automobiles. Currently, automobiles attract peak GST rate of 28% along with additional cess ranging from 1%-15% depending on length, engine size and type. "Compared to other countries, tax is a bit high (here in India). In order to develop the industry, we have to ask the government to reduce taxes, which we understand is not easy," Ayukawa told PTI. Sale of domestic passenger vehicles (PV) sales dropped in December 2018 for the fifth time in the past six months. 

Read More at The Economic Times
Clues by NC Team • 18 Jan 2019, Friday

Japanese auto maker Suzuki Motor Corporation (SMC) on Friday said it will commission its third plant in Gujarat by 2020 and will aggressively introduce new hybrid vehicles in India with technical support from Toyota. The first vehicle assembly plant of Suzuki Motor Gujarat was inaugurated in September 2017. SMC President Toshihiro Suzuki sought policy support from the government to further invest in localisation of components of hybrid and electric vehicles. After three operational plants, annual production capacity of Suzuki Motor Gujarat will be enhanced up to 7,50,000 units, he said.

Read More at Moneycontrol

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