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.
The decision to opt for an equity swap is reinforced by the conclusion drawn from the financial analysis, showing clear benefits for both the minority shareholders and MSIL.
The maker of Fronx and Jimny plans to bring 10 new models to the market by FY 2030-31. It is also targeting to build two million additional annual capacity in nine years. With this, it stated that the task of managing all the issues relating to the production of 4 million units a year requires considerable thought and possible reorganisation of the structure of the company.
The appointment comes following the resignation of Shigetoshi Torii, who served as a Non-Executive Director of the company until July 31, 2023.
The carmaker’s revenue from operations stood at INR 32,338 crore during Q1 FY24, as against INR 26,511 crore in Q1 FY23.
The company and the University will collaborate to offer B. Com in Automobile Retail Management through an extensive three-year industry-oriented program. The students will be provided with holistic skilling via one-year theoretical training followed by two years of On-the-Job Training (OJT). The Course to commence from academic year 2023-24 .
The Fronx S-CNG was conceptualised and created for young trailblazers, and it is equipped with features such as Dual Front Airbags, Reverse Parking Sensors, and the SmartPlay Pro infotainment system, among others.
The domestic sales of all PVs combined grew to 133,027 units from 122,685 units in the same period last year. However, sales to other OEMs dropped to 3,629 units from 6,314 units in the same period last year and exports dropped to 19,770 units from 23,833 units.
In FY 23, Maruti Suzuki activated 310 service touchpoints, the highest-ever in a financial year. Many of these service touch points were added in the non-urban markets to serve customers even in the upcountry locations.
Under this partnership, Bajaj Finance Limited will provide tailor-made auto retail financing solutions for Maruti Suzuki customers.
Maruti Suzuki India Limited sold a total (domestic + exports) 178,083 units in April 2023. In the same period last year the company had recorded sales of 161,413 units.
The new site will be the carmaker’s fifth manufacturing facility following its two plants in Haryana- Manesar and Gurugram, upcoming plant in Kharkhoda and Suzuki’s plant in Gujarat which is under contract manufacturing agreement. Maruti Suzuki also has an R&D center in Rohtak. Additionally, it sources vehicles (Grand Vitara) from Toyota Kirloskar Motor (TKM) facility in Bidadi, Karnataka.
Super Carry is powered by a 4-cylinder engine that now delivers improved performance with Max Power of 59.4kW (80.7PS) @ 6000rpm and 104.4Nm of Max Torque @ 2900rpm in the petrol model.
The first big consignment of 500 cars was shipped to Hungary in September 1987. Today, Maruti Suzuki exports to nearly 100 countries. Africa, Latin America, Asia, and the Middle East are important export markets for the company.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Shigetoshi Torii | Unlock to View | Unlock to View | Director | 31 Jul,2014 |
| Toshihiro Suzuki | Unlock to View | Unlock to View | Director | 28 Oct,2013 |
| Toshiaki Hasuike | Unlock to View | Unlock to View | Director | 27 Apr,2013 |
| Rajinder Pal Singh | Unlock to View | Unlock to View | Director | 25 Jan,2013 |
| Kinji Saito | Unlock to View | Unlock to View | Director | 28 Apr,2012 |
| Kazuhiko Ayabe | Unlock to View | Unlock to View | Director | 28 Apr,2012 |
| Kenichi Ayukawa | Unlock to View | Unlock to View | Director | 21 Jul,2008 |
| Amal Ganguli | Unlock to View | Unlock to View | Director | 05 Sep,2006 |
| Davinder Singh Brar | Unlock to View | Unlock to View | Director | 05 Sep,2006 |
| Ravindra Chandra Bhargava | Unlock to View | Unlock to View | Director | 09 Sep,2005 |
| Pallavi Shardul Shroff | Unlock to View | Unlock to View | Director | 09 Sep,2005 |
| Osamu Suzuki | Unlock to View | Unlock to View | Nominee Director | 20 Sep,2002 |
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