Maruti Suzuki had an increase of 9% in production volume for the light commercial vehicle segment which comprises Super Carry. In this segment for February 2024 the volume stood at 3,718 units against 3,435 units in the same month last year.
The company sold a total of 197,471 units in the month.
The bank will provide Inventory Funding options for working capital requirements to Maruti Suzuki Dealers covering their sales outlets across the country.
Total revenue from operations was up 14.56% at INR 33,512.8 crore as compared to INR 29,251.1 crore in the year-ago period, the company said.
This initiative is aimed at nurturing startups working on technology-based innovations that can be applied in the Automobile and Mobility sector.
Tata Nexon clinched the top position with 15,284 units, a 27% y-o-y increase, showcasing its widespread popularity among consumers. Punch from Tata Motors took the third spot with 13,787 units, a 30% y-o-y increase. Maruti Suzuki Dzire was at the second spot with 14,012 units, a 17% increase.
For the first time, Maruti Suzuki crossed the annual sales milestone of 2 million units in calendar year 2023, which includes its highest ever calendar year exports of 269,046 units, the company said.
The model-specific price increase, the company said, is owing to increased cost pressure.
The rally will cover a distance of over 3500 km across 6 North-eastern states with 18 officers and 76 NCC cadets driving 7 Jimnys and 5 Grand Vitara SUVs.
Since entering the pre-owned car market in India in 2001, True Value has developed its pan-India presence with over 569 stores spread across 282 cites, the company said.
Haryana Chief Minister Manohar Lal Khattar had last year requested that the automobile giant shift its corporate office to Gurgaon while allotting 900 acres of land to Maruti Suzuki India Limited and Suzuki Two Wheeler India Private Limited in Haryana.
The tie-up with S.S. Jain Subodh P.G. (Autonomous) College, Jaipur, is part of Maruti Suzuki’s Industry Integrated Degree Program initiative. The course is to commence from the academic year 2023-24, the company said.
He noted that the country has seen massive improvement in the rankings when it comes to the ease of doing business. Besides, the government has also abolished over 1,000 old acts while initiating a lot of reforms in taxation as well, Bhargava said.
The Karnataka government has given the green light to 91 industrial investment proposals worth INR 7,659.52 crore, which could create 18,146 jobs. The State Level Single Window Clearance Committee approved 26 projects involving investments of over INR 50 crore, totaling INR 5,750.73 crore and with the potential to create 13,742 jobs.
The automotive industry in India as we know today has grown tremendously in the past few decades. Today, car penetration in the country stands at 27 per 1000. Several new companies have joined the bandwagon, a lot more new models were being introduced, consumer interests have evolved and the urban-rural divide has been narrowing. This article looks at how the auto industry has transformed in the rural markets to broaden their customer base and scale up sales.
This new alliance will empower 4000+ Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements, the company said.
With the launch of its first showroom in 2017, ARENA has been a pioneer in offering tailor-made, digitised, seamless car buying experiences to its diverse, young, dynamic, trendy and tech savvy customers, the company said.
Customers are provided with the pre-fixed vehicle buy-back price along with subscription rentals under this new function. This would provide greater flexibility for customers to plan and make a more informed decision of retaining the car at the end of its subscription tenure, the company said.
The introduction of the HDFC Bank ‘Xpress Car Loans’ feature will make the car buying experience even more convenient for prospective Maruti Suzuki customers with seamless car financing solutions, MSIL said.
Introduced in 2001, True Value has been a one-stop destination to buy and sell quality pre-owned cars. The hassle-free purchase and sale experience for customers along with cars that are safe and reliable have continuously ensured its success, the company said.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Ravindra Chandra Bhargava | 00007620 | rcbconsulting@gmail.com | Director | 09 Sep,2005 |
| Pallavi Shardul Shroff | 00013580 | pallavi.shroff@amarchand.com | Director | 09 Sep,2005 |
| Amal Ganguli | 00013808 | amal.ganguli@reeni.name | Director | 05 Sep,2006 |
| Kinji Saito | 00049067 | sanjeev.grover@maruti.co.in | Director | 28 Apr,2012 |
| Davinder Singh Brar | 00068502 | puri.sanjiv@gmail.com | Director | 05 Sep,2006 |
| Osamu Suzuki | 00680073 | Nominee Director | 20 Sep,2002 | |
| Toshiaki Hasuike | 01948291 | Director | 27 Apr,2013 | |
| Kenichi Ayukawa | 02262755 | companysecretary@krishnagroup.co.in | Director | 21 Jul,2008 |
| Kazuhiko Ayabe | 02917011 | Director | 28 Apr,2012 | |
| Rajinder Pal Singh | 02943155 | rpsinghnewdelhi@gmail.com | Director | 25 Jan,2013 |
| Shigetoshi Torii | 06437336 | sanjeev.grover@maruti.co.in | Director | 31 Jul,2014 |
| Toshihiro Suzuki | 06709846 | sanjeev.grover@maruti.co.in | Director | 28 Oct,2013 |
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