Maruti Suzuki India on Friday reported its highest-ever monthly wholesales at 1,89,082 units in August.
Srivastava said the consumer profiles of both the models are different, as is their design
The affected Maruti models are Alto K10, S-Presso, Eeco, Brezza, Baleno and Grand Vitara. The recall is being undertaken to inspect and replace Airbag Controller .
The auto major also plans to introduce more models in the SUV segment in the remaining part of the financial year.
Volumes in the entry-level car segment are slipping as prices have surged on regulatory requirements around safety and emissions, and higher cost of inputs.
Maruti Suzuki has launched the next-gen 2022 Brezza dropping Vitara from the moniker. The latest version of the compact SUV features new styling, new interiors, new technology and a new engine.
The new Brezza takes a bold leap forward towards the feature-heavy, tech-driven territory.
The company currently commands 12 percent of the overall SUV market in India. Going forward, India’s largest carmaker is looking to leverage on its new models, and drive growth in its market share.
Once the 'highest-selling' compact SUV in India, Brezza now faces tough competition from models in the same category such as Nexon, Venue and Sonet. This makes the launch of the new Brezza crucial for Maruti.
The new Brezza, to be launched at the end of the month, will come with features such as electric sunroof along with an array of sophisticated new-age tech, comfort, convenience and connected features, the company said in a statement.
Maruti Suzuki is expected to introduce the engine by 2020
Gujarat plant is expected to ease capacity constraints and help to drastically reduce waiting periods for products like Baleno, Brezza and Ignis.
The Delhi-based company ended the financial year with its highest-ever total sales/
The model which was launched in March last year currently has pending bookings of over 50,000 units with waiting period of around 20 weeks depending on variant.
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.
The Mumbai-based company will launch a multi-utility vehicle codenamed U321 before the end of next financial year preceded by sport utility vehicle codenamed S201 in the second half of the year.
In Q3 EBITDA is seen gaining 18.8 percent at Rs 2578 crore against Rs 2169.1 crore while operating profit margin may stand at 15.5 percent versus 14.3 percent YoY.
Sharp fall in retail and inventory de-stocking will hit the wholesale market, Nomura said in a note. Medium & heavy vehicles are likely to be impacted most and a 30 percent drop in the segment is possible.
Speaking to CNBC-TV18, RS Kalsi, ED - Marketing & Sales of Maruti Suzuki says that demand for both Brezza and Baleno has been more than the company‘s estimates.
Other income in April-June quarter shot up 134 percent to Rs 483.3 crore while other expenses increased 16.2 percent to Rs 2,007.2 crore on yearly basis.
Country's largest carmaker Maruti Suzuki India (MSIL) said it is ramping up production of premium hatchback Baleno to meet the current demand and reduce waiting period
While Ashwin Patil of LKP Securities feels Maruti will see volume growth in FY18, independent market expert Ambareesh Baliga says it'll be tough for the carmaker to expand share owing to price wars in entry-level segment.
Maruti sold 3.6 lakh units in Q4, a growth of 4 percent compared to 3.46 lakh units sold in year-ago period. Volume was hit due to production loss of 10,000 units in February on account of Jat reservation agitation in Haryana. Company temporarily suspended production due to disruption of component supplies.
Industry grew 7 percent, whereas Maruti saw a growth of 11 percent for FY16 – outperforming the industry. The automaker plans to focus on network expansion going forward, said RS Kalsi, ED of sales and marketing at Maruti Suzuki.