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Thursday, May 23rd 02:27 AM IST
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Maruti Suzuki GALLERY.
Maruti Suzuki India (MSI) managing director and CEO, Kenichi Ayukawa (C) gestures during a visit with Japanese chairman and chief executive of Suzuki Motor Corporation, Osamu Suzuki (unseen) at the Maruti Suzuki Plant site at Hansalpur village, some 110 kms from Ahmedabad on April 27, 2013. Suzuki was accompanied by Maruti Suzuki India (MSI) managing director and CEO, Kenichi Ayukawa and outgoing managing director and CEO, Shinzo Nakanishi. Maruti Suzuki India (MSI) managing
Japanese chairman and chief executive of Suzuki Motor Corporation, Osamu Suzuki inspects a Maruti Suzuki Plant site at Vitthalpur, some 135 kms from Ahmedabad on April 27, 2013. Suzuki was accompanied by Maruti Suzuki India (MSI) managing director and CEO, Kenichi Ayukawa and outgoing managing director and CEO, Shinzo Nakanishi. Japanese chairman and chief executi
Japanese chairman and chief executive of Suzuki Motor Corporation, Osamu Suzuki (C) takes a gentle leap as he inspects the construction of a boundary wall at Maruti Suzuki Plant site at Hansalpur village, some 110 kms from Ahmedabad on April 27, 2013. Suzuki was accompanied by Maruti Suzuki India (MSI) managing director and CEO, Kenichi Ayukawa and outgoing managing director and CEO, Shinzo Nakanishi. Japanese chairman and chief executi
Suzuki Motor Corp Chairman Osamu Suzuki (C) speaks with outgoing Chief Executive Officer of Maruti Suzuki India Shinzo Nakanishi (R) as they check a map at the construction site of a Maruti Suzuki plant at Vitthlapur village in the western Indian state of Gujarat April 27, 2013. Maruti Suzuki's profit margins are set to show even stronger gains in the current quarter as India's biggest car maker reaps an even greater windfall from cheaper yen-denominated imports of components. Cheaper imports of parts and a smaller royalty payment to its parent Suzuki Motor Corp contributed to an 80 percent rise in January-March net profit, smashing analysts' forecasts. Maruti's shares shot up 5 percent after the results. Suzuki Motor Corp Chairman Osamu Su
A Suzuki badge is reflected on the body of a Maruti Suzuki Eeco car at a Maruti Suzuki stockyard on the outskirts of the western Indian city of Ahmedabad April 26, 2013. Maruti Suzuki India Ltd, India's biggest carmaker by sales, reported a 79.8 percent rise in fourth-quarter net profit, boosted by strong sales of its Ertiga multi-purpose vehicle that offset a slump in compact cars. A Suzuki badge is reflected on the
An employee is reflected on the body of a Maruti Suzuki car as he cleans dust from the other cars at a Maruti Suzuki stockyard on the outskirts of the western Indian city of Ahmedabad April 10, 2013. India's annual car sales fell for the first time in a decade in the financial year just ended, official data showed on Wednesday, calling into question bullish growth expectations that fuelled billion-dollar bets from global manufacturers. An employee is reflected on the bod
A sales executive speaks on his mobile phone as he stands in between Maruti Suzuki cars inside a showroom in New Delhi April 9, 2013. India's annual car sales fell for the first time in a decade in the financial year just ended, official data showed on Wednesday, calling into question bullish growth expectations that fuelled billion-dollar bets from global manufacturers. Picture taken April 9, 2013. A sales executive speaks on his mob
Auto major Maruti Suzuki plans to focus on non-European markets for exports in this fiscal and specifically targets Africa, reports CNBC TV18's emRonojoy Banerjee/em. [caption id=attachment_674558 align=alignleft width=380 Auto major Maruti Suzuki plans to f
strongNew Delhi:/strong Country's largest car maker Maruti Suzuki India (MSI) on Friday said it has appointed Kenichi Ayukawa as the new managing director and chief executive officer, who will succeed outgoing Shinzo Nakanishi. [caption id=attachment_662670 align=alignleft width=380 strongNew Delhi:/strong Country's l
In this photograph taken on December 12, 2008, completed Maruti 800 (796cc) cars are parked at the sales and despatch area at the factory of Maruti Udhyog Limited (MUL) in Gurgaon, Haryana on the eve of the 25th anniversary of Maruti Suzuki. Car sales in India's once-booming passenger market plunged nearly 26 percent last month on an annual basis, their worst performance in 12 years, industry figures showed March 11, 2013. In this photograph taken on Decembe
strongNew Delhi:/strong Maruti Suzuki India will suspend production of petrol cars at one of its plants on Saturday, a company executive said, as the country's top car maker looks to cut inventory amid slowing sales. The executive did not say whether Maruti, controlled by Japan's Suzuki Motor Corp , will extend the production cut beyond Saturday at the Gurgaon factory. [caption id=attachment_653162 align=alignleft width=380 strongNew Delhi:/strong Maruti Suzu
strongNew Delhi:/strong Domestic car sales have slumped for both Maruti Suzuki India and Hyundai Motor India as buyers postpone purchases and inventory pileup extends from petrol cars earlier to diesel cars now. Except for Dzire sedan, Maruti reported a significant decline in sales numbers for all of its cars in February including the category which defines the country's single largest selling car - the Alto. Maruti's domestic sales fell 9% and went below the one million unit mark to settle at 97,955 units (107,653 units). For Hyundai, domestic sales were down almost 8% to 34,002 units (36,805 units). But the difference between the two largest car makers in India was their performance on the export front. Living up to its tag of being the single largest car exporter from India, Hyundai reported over 37.2% increase in exports in February at 20,663 units (15,050 units) whereas Maruti's exports remained almost flat with just 2.8% increase at 11,612 units (11,296 units). That Indian buyers are slowly getting off their fascination for small cars is evident in declining sales of the Alto category as also that which contains the popular Swift. Maruti reported almost 16% year-on-year decline in combined sales of M800, Alto, A-Star and WagonR at 41,311 units (49,104 units). [caption id=attachment_645040 align=alignleft width=380 strongNew Delhi:/strong Domestic ca
All four Maruti Suzuki plants in Gurgaon will be shut on Thursday as the workers will join the two-day nationwide strike called by trade unions. Maruti Suzuki workers will also demand the reinstatement of terminated workers at the auto maker's Manesar plant, a union leader said Wednesday. [caption id=attachment_633138 align=alignleft width=380 All four Maruti Suzuki plants in Gu
While India's largest car maker Maruti Suzuki is making headlines for its bullish run on the stock market, workers sacked and jailed after the July violence at the Manesar plant faced with what they call 'the toughest times in our struggle,' have announced an 'all-India day of solidarity action' on Tuesday (February 5). Following the July incident, the entire leadership of the Maruti Suzuki Workers Union (MSWU) was jailed and a seven-member provisional working committee formed demanding an independent inquiry into the incident, release of the jailed workers and re-instatement of the sacked permanent workers. (a href=http://www.firstpost.com/business/sacked-manesar-workers-regroup-as-maruti-limps-back-to-normalcy-516441.htmlRead report here/a) [caption id=attachment_610172 align=alignleft width=380 While India's largest car maker Mar
strongMumbai/strong: UBS upgraded its ratings on Maruti Suzuki India Ltd (MSI), the country's largest car maker, to buy from neutral, and raised its price target to 2,000 rupees from 1,500 rupees, noting the weakening Japanese yen over the past three months would boost earnings. Maruti Suzuki is also well positioned to benefit from improvements in petrol car sales, UBS added. [caption id=attachment_603956 align=alignleft width=380 strongMumbai/strong: UBS upgraded i
In this photograph taken on December 12, 2008 complete Maruti 800 (796cc) cars are parked at the sales and despatch area at the factory of Maruti Udhyog Limited (MUL) in Gurgaon, Haryana. India's biggest carmaker Maruti Suzuki on January 25, 2013 reported quarterly profit leapt by 144 percent from a year ago -- marking the firm's first earnings increase in 18 months -- as sales surged. In this photograph taken on Decembe
strongNew Delhi:/strong Country's largest car maker Maruti Suzuki today introduced a refreshed, new version of one of its best selling models Wagon R with a price starting at Rs 3.58 lakh , to boost sales. Although the new Wagon R will be costlier by about Rs 10,000 across variants from the outgoing version, it will be more fuel efficient by 8 percent at 20.51 kmpl. The Wagon R is not just a bestseller for us but is also among top five models of the industry. The changes introduced on the New Wagon R are in line with the customer feedback received through our regular customer engagement programmes, Maruti Suzuki India Vice President (Marketing) Manohar Bhat said in a statement. [caption id=attachment_587516 align=alignleft width=380 strongNew Delhi:/strong Country's l
strongMumbai:/strong Maruti Suzuki shares rose as much as 3.3 percent to a four-year high on Monday on hopes earnings would improve due to rising sales for passenger vehicles, while margins were also seen increasing due to the depreciation in the Japanese yen. [caption id=attachment_579493 align=alignleft width=380 strongMumbai:/strong Maruti Suzuki
strongVadodara:/strong Maruti Suzuki's Rs 4,000 crore plant at Bechraji in Mehsana district of north Gujarat is likely to be commissioned by mid-2015, company's Chief Operating Officer S Y Siddiqui said here today. Siddiqui was here for the FGI EXPO 2013 Agro & Auto Summit which began here today. He said the Bechraji unit will manufacture 2,50,000 cars per annum, while two other plants of the company located at Gurgaon and Manesar in Haryana have been manufacturing 17.5 lakh car per annum. [caption id=attachment_577903 align=alignleft width=380 strongVadodara:/strong Maruti Suzuk
strongNew Delhi:/strong The country's largest car maker Maruti Suzuki India (MSI) today reported 3.24 percent increase in its total sales at 95,145 units in December 2012. The company had sold 92,161 units in the same month previous year, MSI said in a statement. In December last year, MSI recorded domestic sales of 82,073 units compared to 77,475 units in the year-ago period, registering a rise of 5.93 percent, it added. [caption id=attachment_577271 align=alignleft width=380 strongNew Delhi:/strong The country
Maruti Suzuki shares fell 1.5 percent on concerns about the domestic passenger car sales outlook. Angel Broking said Maruti Suzuki expected muted volume growth of around 6 percent in fiscal 2013 and 6-7 percent in fiscal 2014, according to a note on Monday, citing the automaker's management. [caption id=attachment_567432 align=alignleft width=380 Maruti Suzuki shares fell 1.5 perce
strongNew Delhi:/strong Maruti Suzuki India today said it has started spadework to set up its second facility in Gujarat with acquisition of another 600 acres, in addition to its existing plan to invest Rs 4,000 crore for setting up a plant in the state. The company also said it expects about 6-7 percent sales growth in 2013-14 after closing the current fiscal with about 6 per cent rise in vehicle sales. The country's largest car maker also said it will not enter the premium segment of passenger cars in India and will protect its image of a small car manufacturer. [caption id=attachment_567212 align=alignleft width=380 strongNew Delhi:/strong Maruti Suzu
strongNew Delhi: /strongThe management of Maruti Suzuki remains virtually clueless about the motivation of employees who turned violent on 18 July this year at its Manesar facility. What really made them resort to such large scale violence? Chairman RC Bhargava had indicated at that time that an outside influence could be behind such violence, which left one senior manager dead and scores of employees injured. But today he acknowledged that the police investigation had ruled out an outside hand and, therefore, the management has little idea of what led workers to agitate in such a violent manner. The police have ruled out outside hand and their word has to be the last word. How can we know what led workers to turn so violent? As far as we can see, it was a 'lose-lose' situation which the workers created. No one - workers, management, vendors, customers, dealers - benefited by what happened, Bhargava said. [caption id=attachment_566488 align=alignleft width=380 strongNew Delhi: /strongThe managem
strongNew Delhi:/strong Maruti Suzuki India could well be assembling cars in some neighbouring countries soon. Chairman RC Bhargava said today that in case export volumes to any country justified putting up a vehicle assembly plant, Maruti would consider doing this on its own and not through parent Suzuki Motor Company (SMC). Till now, SMC has set up assembly operations outside Japan but Maruti has been manufacturing only in India. [caption id=attachment_566466 align=alignleft width=380 strongNew Delhi:/strong Maruti Suzu
strongMumbai:/strong Shares of Maruti Suzuki India today rose by over 3 percent to touch a one-year high level after the company said it would increase the prices of its vehicles across all models by up to Rs 20,000 from January. After making a bullish opening, shares of the country's largest car maker rallied 3.54 per cent to a one-year high of Rs 1,533.75 as trade progressed on the BSE. On the NSE, the scrip gained 3.56 per cent to Rs 1,535.40 - its 52-week high level. [caption id=attachment_549076 align=alignleft width=380 strongMumbai:/strong Shares of Maru
strongNew Delhi: /strongThe country's largest car maker Maruti Suzuki India today said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. There will be a hike in the prices of our products. Quantum will vary depending on models, but it can be up to Rs 20,000, Maruti Suzuki India Chief Operating Officer (Marketing & Sales) Mayank Pareek told emPTI/em. [caption id=attachment_547599 align=alignleft width=380 strongNew Delhi: /strongThe country
Shares in Maruti Suzuki and Mahindra & Mahindra gain on hopes for rising sales this month as part of the festival season. Sharekhan said both Maruti and Mahindra & Mahindra will outperform the sector in the near-term, citing a strong order backlog, according to an email to clients. [caption id=attachment_527930 align=alignleft width=380 Shares in Maruti Suzuki and Mahindr
The 546 Maruti Suzuki permanent workers who were sacked by the management following the violence at the Manesar plant in July remain hopeful of a government-led resolution to their demands for re-instatement. We are observing a dark Diwali this year. We took out a rally and submitted a memorandum with our demands to the Deputy Commissioner and the Industries Minister today. We are holding talks with the government. We will meet the Labour Minister on November 14 for further talks, said Iman Khan, member of the provisional committee nominated [caption id=attachment_523131 align=alignleft width=380 The 546 Maruti Suzuki permanent wor
In this photograph taken on July 19, 2012, Indian private security guards stand behind the main gate of the Maruti Suzuki Production Facility following a riot on the premises in Manesar, about 45 kms from New Delhi. More labour trouble loomed for India's top carmaker Maruti as workers said November 6, 2012 they would back demands for the reinstatement of employees who were fired after a deadly riot in July. In this photograph taken on July 19
strongNew Delhi:/strong Protests by sacked workers of Maruti Suzuki India may be peaceful tomorrow but the very fact that these workers have regrouped and their demands are being supported by the country's top trade union leaders could raise concerns for the car maker. After a deadly riot at its Manesar facility in July, Maruti had sacked over 500 permanent workers besides about 2,000 contract workers and suffered itself after the facility remained under lockout for almost a month. Till date, full production has not returned to Manesar and Maruti's diesel car orders have piled up beyond 1.25 lakh units. A Special Investigative Team (SIT) probing the riot said it in its report last month that the July incident was a planned conspiracy to kill management present inside the plant at that time and workers came prepared to kill. [caption id=attachment_516458 align=alignleft width=380 strongNew Delhi:/strong Protests by