Maruti Suzuki shareholders approve appointment of Hisashi Takeuchi as MD and CEO
99.89% of votes polled through a postal ballot were in favor of the appointment of Takeuchi as MD and CEO, the carmaker said in a regulatory filing.
99.89% of votes polled through a postal ballot were in favor of the appointment of Takeuchi as MD and CEO, the carmaker said in a regulatory filing.
The MAIL programme, which was launched in January 2019, identifies and collaborates with startups to co-create technology-led solutions in mobility and automobile space. Maruti Suzuki has partnered with GHV Accelerator, an Indo-Japanese early-stage seed fund, for the programme, the company said.
Addressing a virtual earnings call conference, Bhargava said over the last three years the market at the lower end, for people who either use two-wheeler or use entry level hatchbacks for commuting, has been shrinking significantly.
Its revenue from operations stood at INR 26749 crore in Q4 FY22 as against INR 24035 crore in Q4 FY21.
In the non-SUV segment, Maruti Suzuki’s market share has gone up to 66.5% last year and in the MPV market, it is about 61%. However, in the SUV category, where it offers only two products, Brezza and S-Cross, as against the 46 SUV models in the market, its share is only 12%.
Customers can pre-book the model with an initial payment of INR 11,000 on the company's website or any of its 410 premium retail channel Nexa showrooms across the country, the carmaker said.
CNG cars contributed 17% to the total sales and 33% to the sales of the models with CNG variants. CNG’s contribution to the overall industry sales is about 8.5%. Maruti Suzuki has 9 out of 15 models with CNG options. The biggest driver of the demand is the low running cost of CNG cars at about INR1.80 /km. For petrol / diesel cars it is about INR 5.20 /km, the company said.
The highest car sales ever recorded in a single year in India was in 2018-19, when industry volume was at 33.8 lakh units. After that, sales of passenger vehicles - including small cars, sedans, SUVs and MPVs - slipped to 27.7 lakh units in 2019-20 due to economic challenges and slowdown in metros.
The programme allows startups to collaborate with Maruti Suzuki and co-create innovative solutions in the mobility and automobile space, the company said.
As per the customer research, the company has found that customers today are more risk-averse when it comes to their cars and believe in being prepared for any eventuality regarding their vehicle, he added.
The company which started its CNG journey in 2010 clocked cumulative sales of 15,900 vehicles in FY11. This was followed by 3.5 lakh sales by FY17 and 5.3 lakh sales by FY19. By FY21, it had recorded CNG sales of 7.98 units.
The industry is estimating a double-digit growth in FY 2022-23 and passenger vehicle volumes are expected to reach up to 3.4 million to 3.5 million. For two-wheelers, even though the demand has been dim, segment leaders stay optimistic as the fundamentals of the rural economy remain intact.
On its part, Maruti Suzuki would like to sustain a strong growth momentum of FY22 on the back of its biggest product offensive seen in recent years. That will see significant reinforcement in the SUV portfolio. It will be banking on a new range of SUVs – both below and above 4 metres in length - to regain lost share.
The new vehicle is powered by an advanced K-series Dual Jet, Dual VVT 1.2L engine, Dzire S-CNG delivers a peak power of 57kW@6000 rpm and an incredible mileage of 31.12 km/kg, the release added.
More centers of excellence (CoE), he said, need to come up and a patenting culture should be encouraged to build on the strengths of the fledgling nanotechnology ecosystem. The Maruti Suzuki model, Rao added, has transformed the semiconductor space in meeting the demand for semiconductors with a few critical changes taking place due to the collaboration between Maruti and Suzuki.
The 2020/21 Vision Awards Annual Report Competition is organized by the League of American Communications Professionals LLC (LACP), USA.
Through the campaign, Maruti Suzuki aims to spread awareness about how the Smart Finance platform has redefined the modern car buying experience, the company said.
According to several people in the know, Maruti Suzuki has guided component suppliers on production of up to 140,000 units in March, as against the earlier plan of producing 160,000 units and even a peak of up to 190,000 shared at the beginning of 2022. The output is set to fall month-on-month also by 10-15%.
The Indian passenger vehicle market leader plans to enhance presence in the SUV segment with new models from this year. However, it expects the hatchback market to be the largest volume contributor to the industry though by a small margin.
Total domestic sales (including passenger vehicles and light commercial vehicles) stood at 137,607 units in February this year, compared to 147,483 units in February 2021.
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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