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Maruti Suzuki urges Indian government for incentives to revive small car sales, highlighting the market's shift under 30% of sales. Strategic interventions are needed for the essential automotive segment.

Maruti Seeks Government Support for Small Car Sales

Maruti Suzuki India appeals for government aid to tackle declining small car sales, vital in past but now below 30% market share. Urgent strategic measures are deemed necessary.

Maruti Suzuki India seeks government incentives to boost the declining small car market, crucial in the past but now under 30% of sales. The manufacturer emphasizes strategic interventions to revitalize this essential automotive segment.

The country's largest carmaker Maruti Suzuki India on Monday called for incentives to spur small car sales in the country as the segment continues to witness gradual decline with affordability factor coming into play.
The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 per cent at present.
Entry cars priced below Rs 5 lakh, which used to be around a million units (9,34,538 units) in FY16, have declined to just 25,402 units in FY25.
Maruti Suzuki saw sales of models like Alto and S-Presso decline to 6,776 units in May as against 9,902 units in the same month last year. Even the sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, fell to 61,502 units as compared to 68,206 units in May 2024.
Maruti Suzuki India Senior Executive Officer (Marketing &amp; Sales) Partho Banerjee told reporters in a virtual press conference that with enhanced regulation, prices of small car models have increased significantly impacting the buyers who want to upgrade from two-wheelers to entry level cars.
"So somewhere the government has to understand that if they want to fuel the growth of the auto industry, they need to understand where the problem is and how to increase the size of the pie (small car sales)," he noted.
"Some incentives are required so that the customer who is not able to afford the car can come in and can migrate to a four-wheeler from a two-wheeler." The share of small cars in the overall PV market in India was 47.4 per cent in FY18, and 46 per cent in FY19. In FY20, it improved marginally to 46.5 per cent and has been on a decline since.
In FY21, it was 45.6 per cent, 37.5 per cent in FY22, 34.4 per cent in FY23 and 27.7 per cent in FY24.
The auto major also stated that there was no immediate impact from China's export curbs on rare earth magnets, on its production.
MSI Senior Executive Officer (Corporate Affairs) Rahul Bharti said China has asked for an end-user certificate, endorsed by the government and approved by the Chinese government.
"So that process is on and industry is in discussion with the government," he stated.
China controls over 90 per cent of global processing capacity for the magnets, used across multiple sectors including automobiles, home appliances and clean energy.
Replying to a separate query, he noted that the automaker is aiming to sell 4 lakh units in export markets this fiscal.
"Our target for this year (FY26) is at least four lakh units, which implies a growth of at least 20 per cent over FY25," Bharti said.
He noted that the company's exports are fairly diversified with presence in about 100 countries.
"Africa, Latin America and Southeast Asia are our big markets. We have entered Japan recently, and it has quickly sprung up to the second top most destination on the back of just two models, the Fronx and the Jimny," Bharti said.
And the interesting part is that the EV is still yet to come, and that will shore up the numbers further, he stated.
"We do think that our market share in exports will grow this year. We are already at 43 per cent and the golden mark of 50 per cent is close," Bharti stated.
Last fiscal, Maruti Suzuki reported record exports of 3,32,585 units, a growth of 17.5 per cent over FY24. The auto major had exported 2,83,067 units in 2023-24 fiscal.
The company accounted for nearly 43 per cent of the country's total vehicle exports last fiscal. Fronx, Jimny, Baleno, Swift and Dzire were the highest exported models in FY2024-25 while South Africa, Saudi Arabia, Chile, Japan and Mexico were the top five markets.

Maruti Suzuki aims for a production capacity of 4 million units by 2030, with a strategic focus on increasing exports and regaining a 50% market share in India. Plans include launching six electric vehicles and boosting production at new facilities.

Maruti Suzuki's 2030 Strategy: Double Production & Exports

Maruti Suzuki's Vision for 2030: Expand Exports & Capacity

Maruti Suzuki plans to double production to 4 million units by 2030, with a focus on boosting exports to 800,000 vehicles annually. The carmaker aims to regain a 50% market share in India, launch six electric vehicles, and expand capacity with new facilities.

Maruti Suzuki India Ltd. is adjusting its strategy as it looks ahead to the end of the decade, with plans to bolster its export numbers amidst fierce competition in India's automotive sector.
By fiscal 2030, the iconic carmaker, known for its Grand Vitara, intends to sell 2.54 million vehicles annually within India but maintains its overall production target at 4 million cars, as revealed in their recent mid-term management disclosure.
Speaking to ANI on December 18, 2024, Rahul Bharti, Executive Director of Corporate Affairs at Maruti, expressed the company's ambitions to export between 750,000 to 800,000 units by then, while simultaneously aiming to double their production capacity to 4 million units- a milestone originally achieved on December 16 with their current 2 million-unit capacity.
"Since we started 40 years ago, we've expanded to a production capability of 2 million units. Our goal now is to scale that up to 4 million within roughly seven years. This growth aims to satisfy increasing domestic demand, enhance OEM sales, and boost export capabilities," Bharti noted.
He highlighted the significant growth in exports, which have spiked from 100,000 units annually four years ago to 300,000, with a target of 750,000 to 800,000 by decade's end, inching closer to the one million mark.
However, shifting market dynamics favor increased exports. "The competitive landscape is intensifying, necessitating higher standards for product features, equipment, and services," Suzuki Motor Co., Maruti Suzuki's parent company, stated in the mid-term plan.
The company plans to act as a pivotal global export hub and expand its supply chain and production capacities to meet domestic demands.
Despite these challenges, Maruti Suzuki remains optimistic about regaining a 50% market share in India.
The company aspires to top the charts in production, local sales, and electric vehicle exports.
It plans to unveil six electric vehicles by FY30, comprising four electric cars and two commercial vehicles. Supporting this initiative, Suzuki Motor intends to inject 1,200 billion yen (approximately Rs 7,000 crore) into capital expenditures covering production, new model launches, carbon neutrality, and quality improvements.
By 2030, new facilities in Kharkhoda, Haryana, and an additional assembly line at Suzuki Motor Gujarat are projected to contribute to a total capacity of four million units.

Maruti Suzuki India has announced a price hike of up to Rs 32,500 across various models, including Celerio, Invicto, Swift, and Brezza, starting February 1, 2025.

Maruti Suzuki India to hike prices by up to Rs 32,500 across models from Feb 1

Maruti Suzuki India has announced a price hike of up to Rs 32,500 across various models, including Celerio, Invicto, Swift, and Brezza, starting February 1, 2025.

Car market leader Maruti Suzuki India on Thursday said it will hike prices by up to Rs 32,500 across various models from February 1 to partially offset the rise in input costs.
Due to rising input costs and operational expenses, the company plans to increase car prices, starting February 1, 2025, Maruti Suzuki India said in a regulatory filing.
"While the company is committed to optimising costs and reducing the impact on the customers, we are constrained to pass on some of the increased expenses to the market," it added. &nbsp; Under the revised prices, the company's compact car Celerio will see an increase in ex-showroom prices by up to Rs 32,500, while that of premium model lnvicto by up to Rs 30,000.
The company's popular model Wagon-R price will go by up to Rs 15,000 while that of Swift by Rs 5,000. SUVs Brezza and Grand Vitara will see price hikes by up to Rs 20,000 and Rs 25,000, respectively.
Entry-level small cars Alto K10 prices will rise by up to Rs 19,500 and that of S-Presso by up to Rs 5,000, the filing said.
Premium compact model Baleno's price will go up by up to Rs 9,000, compact SUV Fronx by up to Rs 5,500, and that of compact sedan Dzire by up to Rs 10,000, it added.
The company, currently, sells a range of vehicles from entry-level Alto K-10, with prices starting at Rs 3.99 lakh, to Invicto at Rs 28.92 lakh.

Maruti Suzuki introduces its first electric vehicle, the e-Vitara, at the Bharat Mobility Global Expo in New Delhi. Produced at Maruti's Gujarat plant, the e-Vitara will be sold domestically and exported to global markets.

Maruti Suzuki debuts 'Made in India' e-Vitara EV at Global Expo

Maruti Suzuki introduces its first electric vehicle, the e-Vitara, at the Bharat Mobility Global Expo in New Delhi. Produced at Maruti's Gujarat plant, the e-Vitara will be sold domestically and exported to global markets.

Maruti Suzuki unveiled its first-ever electric vehicle (EV), the all-new e-Vitara, on the inaugural day of the Bharat Mobility Global Expo at Bharat Mandapam in New Delhi on Friday. Toshihiro Suzuki, Representative Director and President of Maruti Suzuki Motor Corporation, outlined the company&rsquo;s three-step strategy to make EVs attractive. He stated, "India, Japan, and Europe, we aim to make the EV attractive through our 3-step strategy. First, making BEVs attractive to customers, second, developing a dedicated BEV platform, and third, offering the right product based on customer requirements."
The e-Vitara marks Suzuki&rsquo;s first Battery Electric Vehicle (BEV) and will be manufactured in India at Maruti&rsquo;s Gujarat plant, with production slated to begin by the end of March or early April. "Production of e-Vitara to begin in the coming months in Gujarat plant," Suzuki confirmed. The Made-in-India e-Vitara will be sold domestically and exported to global markets, including Europe and Japan, with almost 50% of the total production expected to be shipped abroad. "We will be exporting to 100 countries, including Europe and Japan," added Suzuki. He further emphasized, "e-Vitara is part of Suzuki's technology strategy for the next 10 years."
Currently, electric vehicles account for about 3% of total car sales in India. The e-Vitara boasts a bold and modern design, featuring sharp LED headlights with three-piece DRLs, a sleek blacked-out bumper, fog lamps, and rugged silver skid plates, contributing to its aggressive aesthetic. Hisashi Takeuchi, MD and CEO of Maruti Suzuki, commented, "e-Vitara is an important step toward sustainability. We invested Rs 2,100 crore for manufacturing e-Vitara in India."
The e-Vitara comes with two lithium-iron phosphate (LFP) battery pack options &mdash; 49 kWh and 61 kWh. Additionally, the SUV will offer both front-wheel drive (FWD) and all-wheel drive (AWD) configurations. It is equipped with features like LED headlamps and tail lamps, 18/19-inch wheels, a digital instrument panel, a touchscreen infotainment system, a powered driver seat, a wireless charger, a JBL premium audio system, a 360-degree camera, and a sunroof. Advanced Driver Assistance Systems (ADAS) will also be available.
Takeuchi concluded, "Our ultimate goal is to create ecosystem-friendly solutions for the customer, which we call 'e for Me'." The arrival of BEVs like the Maruti Suzuki e-Vitara is expected to boost EV sales in India, alongside other new models like the Mahindra BE6 and the Mahindra XEV 9e, giving the segment a significant push.

The price cut announcement comes at a time when auto sales have hit a speed bump

Auto Sales In The Slow Lane: Maruti Suzuki Cuts Prices Of Alto K10, S-Presso Models

The price cut announcement comes at a time when auto sales have hit a speed bump

Auto major Maruti Suzuki has decided to cut the prices of some of the variants of its entry-level cars, Alto K10 and S-Presso, with immediate effect. Alto K10 VXI Petrol: ₹6,000 Price Cut In a regulatory filing, the company informed the stock exchanges that it is reducing the price of its Alto K10 VXI Petrol variant by ₹6,000. According to car search website Cardekho, the on-road price of this variant of Alto K10 in Delhi currently stands at around ₹5,60,000. S-Presso LXI Petrol: ₹2,000 Price Cut Maruti Suzuki has also reduced the price of S-Presso LXI Petrol variant by ₹2,000. This car, according to Cardekho, currently has an on-road price of ₹5,49,951 in Delhi. Auto Sales In The Slow Lane The price cut announcement comes at a time when auto sales have hit a speed bump. Maruti Suzuki, the Indian arm of Japanese auto giant Suzuki, saw its total domestic passenger vehicle wholesales drop eight percent in August. Maruti&rsquo;s August 2024 wholesale dispatches dropped to 1,43,075 units compared to 1,56,114 units in the year-ago month. Sales in the mini segment, comprising Alto and S-Presso, dropped to 10,648 units last month versus 12,209 units in August 2023. 
Production Adjustment Plan As sales enter a rough patch, Maruti Suzuki is also planning to adjust its production. Last month Maruti&rsquo;s parent company Suzuki Motor Corporation (SMC) told analysts, &ldquo;We are currently adjusting production to reduce market stock and are closely monitoring demand trends. India will be in a critical period with the upcoming festival season, so we will closely monitor demand trends.&rdquo;
Auto Sector Challenges
It&rsquo;s not only Maruti Suzuki that&rsquo;s facing the slowdown in sales. Other car makers such as Hyundai and Tata Motors have also reported decline in wholesales in August.Korean auto giant Hyundai reported an 8 per cent dip in domestic dispatches in India last month at 49,525 units, from 53,830 units in the year-ago period. Similarly, Tata Motors reported a 3 per cent dip in passenger vehicle wholesales at 44,142 units last month as compared to 45,513 units in the year-ago month.

Maruti Suzuki is facing a slight delay in finalizing the site for a new plant having capacity of 10 lakh units, but Kharkhoda plant is on track. Chairman RC Bhargava emphasized the need for small cars and outlined the company’s EV and expansion plans

Maruti Suzuki Delays ‘Mega’ Plant: Impact On Production

Maruti Suzuki is facing a slight delay in finalizing the site for a new plant having capacity of 10 lakh units, but Kharkhoda plant is on track. Chairman RC Bhargava emphasized the need for small cars and outlined the company&rsquo;s EV and expansion plans.

Maruti Suzuki India is facing a slight delay in finalizing the site for a new mega plant, planned to produce 10 lakh units annually. Despite this, their Kharkhoda plant in Haryana remains on track, set to boost production by FY25-26.
The company&rsquo;s Chairman, RC Bhargava, reaffirmed their commitment to small cars, despite recent market challenges, and shared insights on Maruti's EV strategy, aiming for six models by FY30-31. As India&rsquo;s auto industry evolves, Maruti's strategic choices will shape the future&mdash;are they on the right path?
At the company's AGM, Bhargava emphasized that small, low-cost cars are essential for India's diverse market. While demand for these vehicles has dipped, Maruti expects a revival by FY25-26, aligning with the new production at Kharkhoda.
The slight delay in the new mega plant location isn&rsquo;t expected to derail Maruti&rsquo;s ambitious expansion plans, which include increasing their production capacity to 4 million units and significantly ramping up exports.
Furthermore, Maruti&rsquo;s push into electric vehicles (EVs) is taking shape with six models planned by FY30-31. The first EV model is set to launch soon, with an eye on both domestic and international markets. Bhargava stressed the importance of hybrid vehicles in the transition to a cleaner environment, responding to concerns raised by shareholders.
Maruti Suzuki is navigating a complex landscape, balancing the need for affordable cars, expanding their production capacity, and stepping into the EV market.
What does this mean for India&rsquo;s auto industry? Share your thoughts in the comments below, and don&rsquo;t forget to subscribe for more insights on the latest business news.
<a href="https://www.editorji.com/business-news/india-s-new-unified-pension-scheme-explained-what-it-means-for-government-employees-1724739976682">Also Watch: India's New Unified Pension Scheme Explained: What It Means for Government Employees</a>

The price of the Sigma variant of Grand Vitara has been increased by Rs 19,000

Maruti Suzuki increases price of Swift by up to ₹25,000

The price of the Sigma variant of Grand Vitara has been increased by Rs 19,000

Maruti Suzuki India on Wednesday said it has hiked the price of its hatchback Swift by up to Rs 25,000 along with an increase on a select variant of SUV Grand Vitara.
The prices of Swift have been raised by up to Rs 25,000, Maruti Suzuki India said in a regulatory filing.
Similarly, the price of the Sigma variant of Grand Vitara has been increased by Rs 19,000, the company said.
Now, Swift is available at a price range of Rs 5.99 lakh to Rs 8.89 lakh (ex-showroom Delhi). The Sigma variant of Grand Vitara is priced at Rs 10.8 lakh (ex-showroom Delhi), as per the company's website.
The price hikes are effective April 10, 2024, the company said.&nbsp;

The stock was the second biggest gainer among the Sensex and Nifty firms after Reliance Industries

Maruti Suzuki's market cap exceeds ₹4 lakh crore during intra-day trading

<h2>The stock was the second biggest gainer among the Sensex and Nifty firms after Reliance Industries</h2>

Maruti Suzuki India's market valuation went past the Rs 4 lakh crore mark in intra-day trade on Wednesday, helped by a rally in the stock which reached a new peak.
Shares of the company climbed 2.40 per cent to settle at Rs 12,550 apiece on the BSE. During the day, it jumped 3.82 per cent to reach a record high of Rs 12,724.95.
On the NSE, the automaker's stock advanced 2.52 per cent to Rs 12,560 per share.
During the day, the company's market valuation jumped to Rs 4,00,075.70 crore mark. At the close of trade, the company's market capitalisation (mcap) remained at Rs 3,94,575.23 crore.
In the broader equity market, the 30-share BSE Sensex jumped 526.01 points or 0.73 per cent to settle at 72,996.31. The NSE Nifty went up by 118.95 points or 0.54 per cent to 22,123.65.
The stock was the second biggest gainer among the Sensex and Nifty firms after Reliance Industries.
The company is at the 14th rank in terms of most valued companies by market capitalisation.

An estimated weighted average of increase across models is 0.45%

Maruti Suzuki India raises prices across vehicle range

<h2>An estimated weighted average of increase across models is 0.45%</h2>

Maruti Suzuki India on Tuesday said it has increased prices of its entire model range with immediate effect.
An estimated weighted average of increase across models is 0.45 per cent, the auto major said in a regulatory filing. This indicative figure is calculated using ex-showroom prices of models in Delhi and will come into effect from January 16, 2024, it added. Also read/watch - <a title="Budget 2024: NRAI writes to Finance Minister demanding reforms in restaurant industry" href="https://www.editorji.com/business-news/budget/budget-2024-nrai-writes-to-finance-minister-demanding-reforms-in-restaurant-industry-1705399018524">Budget 2024: NRAI writes to Finance Minister demanding reforms in restaurant industry</a>
Maruti Suzuki India (MSI) sells a range of cars starting from Alto to Invicto, priced between Rs 3.54-28.42 lakh (ex-showroom).&nbsp; This comes after the company had intimated last year that it would hike prices in January 2024. However, it had not specified the quantum of hike then. "The company has planned to increase the prices of its cars in January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices," the company had said in a regulatory filing on November 27.

Mercedes-Benz India and Audi India are both contemplating price hikes from January. Audi announced a price increase of up to 2% on its vehicles in India from January 1, 2024

Maruti Suzuki, M&M, and Audi India to hike prices for Jan 2024

<h2>Mercedes-Benz India and Audi India are both contemplating price hikes from January. Audi announced a price increase of up to 2% on its vehicles in India from January 1, 2024</h2>

Indian automakers Maruti Suzuki, Mahindra &amp; Mahindra, and Audi India have all declared plans to increase the prices of their passenger vehicles in the coming year. They cite cost pressures due to overall inflation and heightened commodity rates as the primary reasons for this decision.&nbsp; Following suit, Tata Motors is also contemplating increases for its passenger and electric vehicles in January 2024, although specifics regarding the extent of the hike are yet to be disclosed, as per PTI reports.
Maruti Suzuki India had previously raised vehicle prices by 0.8% in April of the current year. Over the last fiscal year, they had implemented a total price increase of 2.4%.
Shashank Srivastava, senior executive director at Maruti Suzuki, explained, "Steel prices, which constitute around 38% of our commodity purchases, have increased slightly over the past 3-4 months. We've been evaluating the impact of commodity price fluctuations on our costs, attempting to reduce expenses internally before considering price adjustments as a final measure."
Also read/watch - <a title="Bytedance's gaming division, Nuverse faces layoffs, 3,000 employees in limbo" href="https://www.editorji.com/business-news/markets/bytedance-s-gaming-division-nuverse-faces-layoffs-3-000-employees-in-limbo-1701143209571">Bytedance's gaming division, Nuverse faces layoffs, 3,000 employees in limbo</a>
Nalinikanth Gollagunta, CEO of the Automotive Division at Mahindra and Mahindra, stated, "We plan to raise prices for our automotive products starting January 2024," without specifying the details at this time.
Tata Motors is also contemplating a price increase across their passenger and electric vehicle lineup in January 2024. A company spokesperson mentioned, "We're assessing a price hike for January 2024 across our passenger and electric vehicle range. Specific details and the extent of the increase will be disclosed in the coming weeks."
Mercedes-Benz India and Audi India are both contemplating price hikes from January. Audi announced a price increase of up to 2% on its vehicles in India from January 1, 2024, citing escalating input and operational expenses.
Balbir Singh Dhillon, Head of Audi India, explained, "Owing to increased supply chain-related input and operational costs, we've adjusted prices across our model range, maintaining our brand's premium pricing strategy. This correction aims for sustainable growth for Audi India and our dealers, striving to minimize the impact on customers."&nbsp;

The Alto K10 is the newest member in the Alto family and Maruti Suzuki aims to amp up the styling, interior space, and comfort in the entry-level hatchback segment

Maruti Alto becomes India's highest-selling car, sold over 45 lakh cars

The Alto K10 is the newest member in the Alto family and Maruti Suzuki aims to amp up the styling, interior space, and comfort in the entry-level hatchback segment

Maruti's Suzuki Alto has become India's highest-selling car with over 45 lakh units sold in over 2 decades.
The Alto line-up has also introduced features like electronic power steering, front power windows, Auto Gear Shift (AGS) option, Dual Airbags, Anti-lock Braking System (ABS), and factory-fitted CNG systems, in the entry-level hatchback market.
The Alto was introduced in India back in the year 2000. In 2010, Maruti launched the Alto K10 and Alto CNG. By 2012, the carmaker had sold over 20 lakh units of the hatchback.
Maruti Suzuki rolled out the Alto 800 in the year 2012, followed by the second-generation Alto K10 two years later. In 2016, the carmaker celebrated 30 lakh sales of the Alto. Sales surpassed the 40 lakh unit mark in 2020.
Last year, the company introduced the third-generation Alto K10 in the Indian market. The car is available with a 796cc, 3-cylinder engine that puts out 47 BHP and 69 Nm. The engine is mated to a 5-speed manual gearbox and also comes with a factory-fitted CNG option.
The Alto K10 is powered by a 998cc engine that puts out 66 BHP and 89 Nm and is paired with either a 5-speed manual or a 5-speed AMT. The K10 also gets a CNG option.

Maruti Suzuki has terminated the contract manufacturing deal with Suzuki Motors Gujarat to streamline the production activity by bringing all manufacturing-related activities in the country under one entity 

Maruti Suzuki to acquire Suzuki's Gujarat production unit; Q1 profit doubles to Rs 2,525 cr

Maruti Suzuki has terminated the contract manufacturing deal with Suzuki Motors Gujarat to streamline the production activity by bringing all manufacturing-related activities in the country under one entity&nbsp;

Maruti Suzuki India on Monday said it will acquire the Gujarat-based production facility of its parent firm Suzuki Motor Corporation to reduce complexity and bring all manufacturing-related activities in the country under one entity.
India's largest passenger vehicle maker, which saw its consolidated net profit jump over two-fold to Rs 2,525 crore in the April-June quarter riding on better realisation from the sale of bigger cars, said its board has approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat, a wholly owned subsidiary of Japanese Suzuki Motor Corp (SMC).
Suzuki Motor Gujarat (SMG) supplies its entire production exclusively to Maruti Suzuki India.
The company's board also approved to exercise the option to acquire SMG stake from SMC subject to all legal and regulatory compliances including minority shareholders' approval.
SMG, which was incorporated in 2014, currently has a production facility in Gujarat with an installed capacity of 7.5 lakh units per annum.
In a virtual press conference, MSI Chairman RC Bhargava said the arrangement worked well for the last 8-9 years but with changes in the overall industry dynamics, it was important for the company to come up with changes to steer growth in the next decade.
He noted that the company is now moving towards 40 lakh production capacity by 2030-31 in order to cater to the enhanced demand for its products in the market.
Bhargava said the company is also looking at various alternative technologies, including the roll-out of its first battery electric vehicle in 2024-25.
"Because of all this the issue of co-ordinating production, distribution and spare parts becomes more complex," Bhargava said.
With an enhanced model portfolio, the company has come to a conclusion that it has to come up with arrangements that would be beneficial for the company in the next ten years, he noted.
"So Maruti, SMG, and Suzuki Japan discussed this matter and came to a conclusion that it would be better for Maruti Suzuki if we could now ensure that all the production and production-related activities of any kind are brought under a single management," Bhargava said.
He noted that the arrangement would have no impact on the customer as well as the shareholders.
When asked about the expected purchase amount, Bhargava said: "At this stage, we can only say that the contract manufacturing agreement provides that Maruti will acquire shares at the book value of SMC. That book value last known was at around Rs 12,000 crore.
The auto major expects to complete the transaction by March 31, 2024, he said.
The mode of acquisition including consideration to be paid to SMC shall be decided in a subsequent board meeting.
SMG was incorporated on March 31, 2014.
Initially, the Gujarat plant was proposed to be owned by MSI but the plan was changed later with SMC announcing that it would invest USD 488 million to build the plant.
The plan was opposed by the institutional investors forcing the company to seek minority shareholders approval on the matter.
MSI's revenue from operations increased to Rs 32,338 crore in the April-June quarter from Rs 26,512 crore in the year-ago period.
The automaker said it sold a total of 4,98,030 vehicles in the first quarter, up 6.4 per cent, as compared with the same period of the previous year.
Sales in the domestic market stood at 4,34,812 units, up by 9.1 per cent over that in the first quarter of the 2022-23 fiscal. Exports stood at 63,218 units in the April-June quarter, as compared with 69,437 units in the year-ago period.
MSI noted that a shortage of electronic components in the first quarter resulted in a production loss of over 28,000 vehicles.
Bhargava noted that the chip crisis is abating and the company does not expect to face serious problems going forward for the rest of the year.
The company's pending customer orders stood at about 3,55,000 units at the end of the first quarter.
Maruti Suzuki shares on Monday ended 1.56 per cent up at Rs 9,819.55 apiece on the BSE.&nbsp;

India's largest carmaker Maruti Suzuki is looking to double its production by 2030 and is investing more than $5.5 billion

Maruti Suzuki plans to invest over $5.5 bn to double production by 2030

India's largest carmaker Maruti Suzuki is looking to double its production by 2030 and is investing more than $5.5 billion

Maruti Suzuki plans to invest more than $5.5 billion to double its production capacity by the end of this decade, reported The Economic Times. The automaker is looking to increase the production to four million vehicles a year to increase local market share and boost the exports.
As per The Economic Times, the country's largest carmaker is likely to invest about ₹45,000 crore to commission eight assembly lines with annual production capacity of 250,000 units each across two new facilities. The construction for the first unit has already began in Haryana's Kharkhoda.&nbsp;
Maruti Suzuki's Chairman RC Bhargava had told The Economic Times, that the automaker has received approval to increase the capacity by up to one million units at Kharkhoda. He further said that Maruti Suzuki has also received an in-principle approval for another one million units at a new site. The phasing of projects and timelines for commissioning the assembly lines will depend on business requirements. Bhargava also mentioned that work on the new facility will be done simultaneously with the one at Kharkhoda
Currently, Maruti Suzuki has a production capacity of 2 million units that are produced across Gurgaon, Manesar and Mehsana, Gujarat.&nbsp;
&nbsp;
&nbsp;

It is suspected that there is a possible defect in the affected part, which in rare cases might result in non-deployment of the airbags and seat belt pretensioners in the event of a vehicle crash

Maruti Suzuki recalls 17,362 cars due to this reason 

Maruti Suzuki recalls 17,362 cars

It is suspected that there is a possible defect in the affected part, which in rare cases might result in non-deployment of the airbags and seat belt pretensioners in the event of a vehicle crash

Maruti Suzuki India on Wednesday said it is recalling 17,362 units of models like Alto K10, Brezza and Baleno to inspect and replace a faulty airbag controller.
The affected models are Alto K10, S-Presso, Eeco, Brezza, Baleno and Grand Vitara, manufactured between December 8, 2022 and January 12, 2023, the country's largest carmaker said in a regulatory filing.
"The recall is being undertaken to inspect and replace Airbag Controller free of cost, if required in these vehicles," it added.
It is suspected that there is a possible defect in the affected part, which in rare cases might result in non-deployment of the airbags and seat belt pretensioners in the event of a vehicle crash, the auto major stated.
"Out of abundant caution, customers of the suspected vehicles are advised not to drive or use the vehicle till the affected part is replaced," it said.
Affected vehicle owners will be receiving communication from Maruti Suzuki authorised workshops for immediate attention, it noted.

A unique car is adding colour and curiosity to the streets of Bihar's Bhagalpur.
A man has modified his hatchback to resemble a helicopter.&nbsp;And no, it does not fly.
Divakar Kumar said that he splurged more that Rs 3 lakh to convert his Maruti Suzuki WagonR into a chopper look-alike.
And now, he plans to drive the helicopter car in weddings and other festivals.

Helicopter Car for ₹3 lakh in Bihar's Bhagalpur causes frenzy. Watch for details

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((HELICOPTER CAR VISUALS WITH VO)) ANI REC - 21 APR 2022 -&nbsp;Encoder 1 18-03-53 BHAGALPUR, BIHAR 21 APRIL 2022
 A unique car is adding colour and curiosity to the streets of Bihar's Bhagalpur. A man has modified his hatchback to resemble a helicopter. And no, it does not fly. Divakar Kumar said that he splurged more that Rs 3 lakh to convert his Maruti Suzuki WagonR into a chopper look-alike. And now, he plans to drive the helicopter car in weddings and other festivals.
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 TRANSLATION DIVAKAR KUMAR:&nbsp;I saw this on YouTube. That inspired me to bring this to our area, to drive in weddings and other festivals.
 REPORTER: Are you getting a lot of bookings?
 DIVAKAR KUMAR:&nbsp;No, I brought this yesterday.
 REPORTER: How much did this cost?
 DIVAKAR KUMAR:&nbsp;The modifications cost Rs 3.5 lakh. It is a WagonR car.
 REPORTER: It must attract large crowds.
 DIVAKAR KUMAR:&nbsp;Yes, it's a novel thing. Wherever I go, a crowd gathers. I got it modified in Siwan.
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CAPTIONS Bihar's Helicopter Car Car resembles chopper ₹3 lakh for modification
Plan to drive in weddings
&nbsp;

<div class="elementToProof">Divakar Kumar said that he splurged more that&nbsp;₹3 lakh to convert his Maruti Suzuki WagonR into a chopper look-alike.</div>

A unique car is adding colour and curiosity to the streets of Bihar's Bhagalpur.
A man has modified his hatchback to resemble a helicopter.&nbsp;And no, it does not fly.
Divakar Kumar said that he splurged more that Rs 3 lakh to convert his Maruti Suzuki WagonR into a chopper look-alike.
And now, he plans to drive the helicopter car in weddings and other festivals.

Maruti Suzuki, India's top carmaker, announced Wednesday to hike vehicle prices in April 2022 owing to the rising input costs.
In an exchange filing, Maruti said, “Over the past year, the cost of Company's vehicles continue to be adversely impacted due to increase in various input costs. Therefore, it has become imperative for the Company to pass on some impact of the above additional costs to customers through a price hike. We have planned this price rise in April, 2022. The increase shall vary for different models."
Touching upon supply chain issues, Maruti Suzuki's Senior Executive Director Shashank Srivastava told PTI, the semiconductor shortage has led to huge pending orders in the industry. "We alone are sitting on pending bookings of around 2.7 lakh units. Rise in commodity prices also impacts the business. We have taken a price hike of around 8.8% from January 2021 till now."
Maruti Suzuki clocked the highest-ever exports of 2.38 lakh units in FY22.

Maruti Suzuki to hike car prices in April

Owing to the rising input costs, Maruti Suzuki has announced to hike vehicle prices in April 2022.

Maruti Suzuki cars to get expensive

<ul>
<li>Maruti Suzuki to hike car prices in April</li>
<li>High cost of input says Maruti, plans 5th rate hike</li>
<li>Maruti car prices up 8.8% in the last year&nbsp;</li>
<li>Maruti: It has become imperative to raise prices</li>
</ul>

Price hikes due to sharp rise in commodity prices for manufacturers

Maruti&nbsp;Suzuki, India's top carmaker, announced Wednesday to hike vehicle prices in April 2022 owing to the rising input costs. This marks the fifth hike in prices in the last 18 months, amounting to over a 10% hike in prices.&nbsp;
In an exchange filing, Maruti&nbsp;said, &ldquo;Over the past year, the cost of Company's vehicles continue to be adversely impacted due to increase in various input costs. Therefore, it has become imperative for the Company to pass on some impact of the above additional costs to customers through a price hike. We have planned this price rise in April, 2022. The increase shall vary for different models."
Touching upon supply chain issues,&nbsp;Maruti&nbsp;Suzuki's Senior Executive Director Shashank Srivastava told PTI, the semiconductor shortage has led to huge pending orders in the industry. "We alone are sitting on pending bookings of around 2.7 lakh units. Rise in commodity prices also impacts the business. We have taken a price hike of around 8.8% from January 2021 till now."
Maruti Suzuki clocked the highest-ever exports of 2.38 lakh units in FY22.

India's largest automobile manufacturer Maruti&nbsp;Suzuki will soon start producing electric vehicle (EV) and EV batteries in Gujarat.
Japan's Suzuki Motor Corporation signed MOU with the State of Gujarat, India to invest approximately 150 billion yen or Rs 10,440 crore for local manufacturing of EVs, as per the company's exchange filing.
Also read/watch |&nbsp;Shocking hike in Diesel prices for bulk users, is retail next?
The MOU was signed on March 19, 2022 at India-Japan Economic Forum held in New Delhi, in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi.
Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation and Kenichi Ayukawa, Managing Director &amp; CEO, Maruti Suzuki India Limited were joined by eminent senior government personnel of India and Japan at the ceremony. Speaking at the Forum, Toshihiro Suzuki said, &ldquo;Suzuki's future mission is to achieve carbon neutrality with small cars.&rdquo; He added, &ldquo;We will continue active investment in India to realize Self-reliant India (Atma-nirbhar Bharat).&rdquo;
Also read/watch |&nbsp;Ruchi Soya share: FPO floor price at big discount for Patanjali led company

Maruti Suzuki to start manufacturing electric cars soon in India

Maruti to start manufacturing EVs soon as Suzuki Motors to put Rs 10,440 crore

Maruti to step into EVs

Suzuki's future mission is to achieve carbon neutrality with small cars and said it will continue active investment in India.

India's largest automobile manufacturer Maruti&nbsp;Suzuki will soon start producing electric vehicle (EV) and EV batteries in Gujarat.
Japan's Suzuki Motor Corporation signed MOU with the State of Gujarat, India to invest approximately 150 billion yen or Rs 10,440 crore for local manufacturing of EVs, as per the company's exchange filing.
Also read/watch |<a href="https://www.editorji.com/business-news/economy/shocking-hike-in-diesel-prices-for-bulk-users-is-retail-next-1647784301588" target="_blank">&nbsp;Shocking hike in Diesel prices for bulk users, is retail next?</a>
The MOU was signed on March 19, 2022 at India-Japan Economic Forum held in New Delhi, in the presence of Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi.
Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation and Kenichi Ayukawa, Managing Director &amp; CEO, Maruti Suzuki India Limited were joined by eminent senior government personnel of India and Japan at the ceremony. Speaking at the Forum, Toshihiro Suzuki said, &ldquo;Suzuki's future mission is to achieve carbon neutrality with small cars.&rdquo; He added, &ldquo;We will continue active investment in India to realize Self-reliant India (Atma-nirbhar Bharat).&rdquo;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/ruchi-soya-share-fpo-floor-price-at-big-discount-for-patanjali-led-company-1647829986467" target="_blank">Ruchi Soya share: FPO floor price at big discount for Patanjali led company</a>

Maruti Suzuki has launched the 2022 WagonR in India with prices starting at Rs. 5.40 lakh for the base 1.0-litre LXI variant, going up to Rs. 7.10 lakh for the range-topping ZXI+ dual-tone automatic variant. The dual-tone body colour is a first for the hatchback and it also now comes with alloy wheels in the top-end variant. There are two new dual-tone colours on the ZXi+ variant Gallant Red with Black roof and Magma Grey with Black roof. Inside, the new WagonR continues with the dual-tone theme. It continues to get the 7.0-inch SmartPlay Studio infotainment system, which has been updated with cloud-based services to offer app-based connected car features. Mechanically, the car remains the same with the 1.0-litre and 1.2-litre K-Series petrol engines on offer. Maruti claims the new model is about 16 per cent more efficient and returns a claimed fuel economy of 25.19 kmpl. The CNG variant is also said to be 5 per cent more efficient than before.

2022 Maruti Suzuki WagonR Launched

Maruti Suzuki has launched the 2022 WagonR in India with prices starting at Rs. 5.40 lakh for the base 1.0-litre LXI variant, going up to Rs. 7.10 lakh for the range-topping ZXI+ dual-tone automatic variant. The dual-tone body colour is a first for the hatchback and it also now comes with alloy wheels in the top-end variant. There are two new dual-tone colours on the ZXi+ variant Gallant Red with Black roof and Magma Grey with Black roof. Inside, the new WagonR continues with the dual-tone theme. It continues to get the 7.0-inch SmartPlay Studio infotainment system, which has been updated with cloud-based services to offer app-based connected car features. Mechanically, the car remains the same with the 1.0-litre and 1.2-litre K-Series petrol engines on offer. Maruti claims the new model is about 16 per cent more efficient and returns a claimed fuel economy of 25.19 kmpl. The CNG variant is also said to be 5 per cent more efficient than before.

Maruti Suzuki has launched the 2022 WagonR in India with prices starting at Rs. 5.40 lakh for the base 1.0-litre LXI variant, going up to Rs. 7.10 lakh for the range-topping ZXI+ dual-tone automatic variant.
The dual-tone body colour is a first for the hatchback and it also now comes with alloy wheels in the top-end variant. There are two new dual-tone colours on the ZXi+ variant Gallant Red with Black roof and Magma Grey with Black roof.
Inside, the new WagonR continues with the dual-tone theme. It continues to get the 7.0-inch SmartPlay Studio infotainment system, which has been updated with cloud-based services to offer app-based connected car features. Mechanically, the car remains the same with the 1.0-litre and 1.2-litre K-Series petrol engines on offer.
Maruti claims the new model is about 16 per cent more efficient and returns a claimed fuel economy of 25.19 kmpl. The CNG variant is also said to be 5 per cent more efficient than before.

Maruti Suzuki India has kickstarted 2022 with the launch of the new-generation Celerio CNG. The Celerio CNG arrives in a single variant priced at Rs. 6.58 lakh (ex-showroom, India). The new Celerio CNG is the sixth CNG-equipped car from Maruti in the country and is available in the VXi variant. It&rsquo;s priced at a premium of Rs. 45,000 over the corresponding petrol variants. The CNG variant of the Celerio gets the factory-fitted CNG kit with a tank capacity of 60 litres. The kit is paired with the 1.0-litre Dual Jet, Dual VVT K-Series engine that develops 56 bhp and 82.1 Nm of peak torque. That&rsquo;s about 8 bhp and 7 Nm less than the petrol-powered version. The automaker claims that the new Celerio CNG returns a fuel efficiency figure of 35.60 km per kg. The Celerio CNG arrives right in time as Tata Motors is all set to launch the Tiago and Tigor CNG later this week. The model will also compete with the Hyundai Santro CNG already on sale.

New-Gen Maruti Suzuki Celerio CNG Launched 

Maruti Suzuki India has kickstarted 2022 with the launch of the new-generation Celerio CNG. The Celerio CNG arrives in a single variant priced at Rs. 6.58 lakh (ex-showroom, India). The new Celerio CNG is the sixth CNG-equipped car from Maruti in the country and is available in the VXi variant. It&rsquo;s priced at a premium of Rs. 45,000 over the corresponding petrol variants. The CNG variant of the Celerio gets the factory-fitted CNG kit with a tank capacity of 60 litres. The kit is paired with the 1.0-litre Dual Jet, Dual VVT K-Series engine that develops 56 bhp and 82.1 Nm of peak torque. That&rsquo;s about 8 bhp and 7 Nm less than the petrol-powered version. The automaker claims that the new Celerio CNG returns a fuel efficiency figure of 35.60 km per kg. The Celerio CNG arrives right in time as Tata Motors is all set to launch the Tiago and Tigor CNG later this week. The model will also compete with the Hyundai Santro CNG already on sale.

Maruti Suzuki India has kickstarted 2022 with the launch of the new-generation Celerio CNG. The Celerio CNG arrives in a single variant priced at Rs. 6.58 lakh (ex-showroom, India).
The new Celerio CNG is the sixth CNG-equipped car from Maruti in the country and is available in the VXi variant. It&rsquo;s priced at a premium of Rs. 45,000 over the corresponding petrol variants.
Maruti Suzuki Celerio CNG&nbsp;features
The CNG variant of the Celerio gets the factory-fitted CNG kit with a tank capacity of 60 litres. The kit is paired with the 1.0-litre Dual Jet, Dual VVT K-Series engine that develops 56 bhp and 82.1 Nm of peak torque. That&rsquo;s about 8 bhp and 7 Nm less than the petrol-powered version. The automaker claims that the new Celerio CNG returns a fuel efficiency figure of 35.60 km per kg.
The Celerio CNG arrives right in time as Tata Motors is all set to launch the Tiago and Tigor CNG later this week. The model will also compete with the Hyundai Santro CNG already on sale.

Maruti Suzuki has announced the launch of the CNG variant of its new Celerio. 


Maruti Suzuki launches new Celerio CNG; from price to the big mileage claim all details here 

Maruti Suzuki has launched the CNG variant of Celerio which comes in the VXI model at an ex-showroom price of Rs 6.58 lakh

Maruti Suzuki Celerio CNG

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Maruti&nbsp;Suzuki has announced the launch of the CNG&nbsp;variant of its new Celerio.&nbsp;
This step is in line with&nbsp;the company&rsquo;s commitment to strengthen its green vehicles portfolio in India.
Powered by next generation Dual Jet, Dual VVT K-Series 1.0L engine, the new Celerio with S-CNG technology delivers a mileage of 35.60 km/kg and has a CNG tank capacity of 60 litres, as per the company's exchange filing.
The CNG&nbsp;variant of Celerio&nbsp;comes in the VXI&nbsp;model at an ex-showroom price of Rs 6.58 lakh.
The Indian Government is working to reduce oil imports and enhance the share of natural gas in the country&rsquo;s primary energy mix from 6.2% now to 15% by 2030.
 Maruti Suzuki launched the all-new Celerio CNG in India today priced at Rs 6.58 lakh (ex-showroom, Delhi). Unlike in most other CNG models, Maruti Suzuki&rsquo;s factory-fitted CNG kit is being offered in the mid-spec VXi trim as against the base LXi variant. Compared to the equivalent petrol-powered Celerio, the CNG versions of the hatchback cost Rs 95,000 more.

CNG&nbsp;variant of Celerio&nbsp;comes in the VXI&nbsp;model at an ex-showroom price of Rs 6.58 lakh

Maruti&nbsp;Suzuki has announced the launch of the all-new Celerio CNG&nbsp;and is&nbsp;priced at Rs 6.58 lakh (ex-showroom, Delhi). The most fuel-efficient hatchback is upping it's game.&nbsp;Maruti Suzuki claims a fuel efficiency of 35.60km/kg for the new Celerio CNG &ndash; up from its predecessor's 30.47km/kg.
<h3>Maruti Suzuki Celerio CNG&nbsp;features</h3>
Maruti Suzuki Celerio CNG comes with a detuned 1.0-litre dual-jet engine with dual VVT (variable valve timing). This powerplant puts out 56 bhp with 82 Nm and can be had with a five-speed manual gearbox only. In comparison to this, Celerio petrol has 66 bhp with 89 Nm. This means that Celerio CNG is less powerful than its petrol-only counterpart though it&nbsp;costs Rs 95,000 more than the Celerio VXi petrol manual.
<h3>Maruti Suzuki Celerio CNG&nbsp;price</h3>
The Maruti Suzuki Celerio will see competition from the likes of the Hyundai Santro CNG (Rs 6.09 lakh-6.38 lakh, ex-showroom), and the upcoming Tata Tiago CNG.

maruti suzuki

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