For passenger vehicles, at 30,43,201, the industry volume exhibited a rather impressive 9% growth, the highest in the past six years. The market leader Maruti’s overall domestic volume growth at 10.7% closely tracked the industry. However, a more segmental analysis suggests that the traditional ‘small car’ did not capture the buyers’ fancy any more – the segment in fact shrank in recent months. The ‘crown jewel’ for the company has been the ‘Compact SUV’ segment featuring Ertiga, S Cross and Brezza that grew by 107%.
The government has withdrawn incentives given to mild hybrid vehicles under FAME India scheme, impacting the country's largest carmaker Maruti Suzuki India the most.
The company has already invested around Rs 1,900 crore on the first phase of development at the R&D centre that houses various facilities, including vehicle testing and evaluation labs.
Suzuki-controlled home-grown carmaker Maruti Suzuki is sprucing up its product development capabilities, aiming to become an end-to-end manufacturer and reducing dependence on its parent company.
Maruti Suzuki, the country's largest car manufacturer, beat analysts' expectations on November sales front due to strong performance in domestic business.
Automobile stocks vroomed in top gear, rising 2-4 percent intraday Monday as festive season demand boosted companies' September sales and that is likely to continue in rest of the financial year 2016-17 as well.
Maruti Suzuki, the country's largest passenger vehicles manufacturer, has registered a 12.2 percent growth in August sales by selling 1.32 lakh units against 1.17 lakh units in same month last year, driven largely by Vitara Brezza, Ciaz and some compact cars.
"The growth in quarterly sales is despite the disruption in production during June 2016, due to the unfortunate incident of fire at Subros, a key vendor of the company," says Maruti in its filing.
Prices of models like Toyota Camry Hybrid and Maruti Suzuki India's mid-sized sedan Ciaz and multi-purpose vehicle Ertiga, which feature micro hybrid technology in diesel variants, have come down in the capital due to VAT reduction by the Delhi government on such vehicles.
A number of things, a richer product mix, lucrative new launches and normalisation of factory operations are some of the factors that are said to have put Maruti Suzuki back on the map.
Eicher Motors maintained its strong sales growth. It has registered a 63 percent year-on-year growth in Royal Enfield sales at 49,156 units, majorly led by models with engine capacity upto 350cc.
New launches like Baleno, SCross, Ertiga significantly boosted volumes. Maruti sold 3.74 lakh vehicles in Q3, a growth of 15.5 percent over a year-ago period.
Honda's Mobilio and Maruti's Ertiga have been rivals in the multi-purpose vehicle space for over a year now. However the Ertiga has managed to maintain an edge over the newer Mobilio, even as the MPV market has been declining. CNBC-TV18's Farah Bookwala finds out what's working for the Ertiga and what the Mobilio can do to control its skid.
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,94,158 units as compared to 1,59,408 units in the same month of 2014.
Factors like low interest rates and cheaper fuel prices have led to a positive sentiment in the market. MSI's focus on launching new products, model refreshes and limited editions of various models have also led to an enhanced interest among the customers.
The diesel variants of the vehicle come with Smart Hybrid (SHVS) technology which was earlier introduced by the company in its mid-sized sedan Ciaz.
Baleno, which will be competing with the likes of segment leader Hyundai i20, Honda Jazz and Volkswagen Polo, will be sold through the company's new premium network of showrooms, Nexa.
The major models which are sold in Karnataka are Swift, Dzire, Celerio and Ertiga. During the April to July 2015 period, the company has sold close to 1,200 units of Ciaz, a release said.
The company said its domestic sales increased by 27.3 percent during the month to 1,00,709 units against 79,119 units in April 2014.
Given its image, Maruti has always struggled in the higher-priced sedan segment. With Ciaz consistently clocking more than 5000 units per month since its launch, the company has managed to increase its market share in the large sedan/ MPV segment from 21% in FY14 to 32% in the second half of FY15.
The company has added that there is no concern if the right hand side door, both front and rear, is completely latched. If the door is half-latched, then the door may open if pressure is applied from inside, it said.
The increased prices after revision of central excise duty with effect from January 1, 2015, across all models ranges between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz, a company official said.
Domestic sales grew by 17 percent on yearly basis to 1 lakh units while exports surged 52.7 percent to 10,123 units during the the same period.
A slew of good news emanating from the carmaker suggests it is not resting on its laurels.
Credit Suisse maintains outperform rating on the stock with an increased target price to Rs 3,500 apiece (from Rs 3,020 earlier).