According to data from Society of Indian Automobile Manufacturers, the company's entry level car Alto topped the list, selling 22,237 units in August.
The facility will enable the firm to develop modern and efficient plants as well as recover high real estate value on the Gurgaon site once the project is completely executed.
First launched in 2012, the Ertiga has never been revamped. Even with decent sales numbers, the car did need a fresher look to take on the likes of the new Innova Crysta and Mahindra Marazzo.
Auto companies and auto component manufacturers currently manufacture in select hubs across India. That will have to change, according to Maruti chief Kenichi Ayukawa.
"Technologies are big ticket investments for original equipment manufacturer (OEMs) and auto component manufacturers," he said.
The commercial vehicle segment continues to remain strong on the back of factors like normal monsoon, improved rural sentiments and investment in infrastructure
During the 37th Annual General Meeting of the company held here today, one of the shareholders pointed out to the management that it was time for Maruti Suzuki to consider competing with the likes of Mercedes-Benz, BMW and Audi.
In addition, employees of the company will make a contribution amounting to Rs 1.5 crore, it added.
According to latest data from Society of India Automobile Manufacturers (SIAM), Dzire occupied the top slot by selling 25,647 units in July.
At the launch of new Swift in February this year, the company had offered AGS transmission in VXI, ZXI, VDI and ZDI variants.
As part of the Suzuki-Toyota alliance, both auto makers will be supplying each other with models to be sold through their own distribution networks.
Domestic passenger vehicle sales declined 0.6 percent to 1.52 lakh units
Prabhudas Lilladher is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 10705 in its research report dated July 26, 2018.
Edelweiss bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 10839 in its research report dated July 26, 2018.
Net Sales are expected to increase by 28.8 percent Y-o-Y (up 6.9 percent Q-o-Q) to Rs. 22,599.6 crore, according to ICICI.
Numerous spy shots have been doing the rounds on the internet and they have given us fair insight into what it could look like.
Net Sales are expected to increase by 28.6 percent Y-o-Y (up 6.6 percent Q-o-Q) to Rs. 22,568.5 crore, according to Kotak.
These batteries will be sourced from the Suzuki’s upcoming Gujarat battery plant, starting FY21.
The research house feels its compact segment has been driving the growth and the company will be able to hold onto its market share.
The Indian market has a new segment of cars called crossovers. They come with the same wow factor as an SUV but in a more compact form. Cross-overs are, for the most part, hatchbacks that have been made to look like sport-utility vehicles.
Sharekhan is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 10500 in its research report dated June 21, 2018.
Motilal Oswal is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 10525 in its research report dated June 18, 2018.
The company, which launched the model in January last year, has sold more than 72,000 units so far.
"Sales were impacted last year in April-May period as people anticipated increase in vehicle prices due to the roll out of GST. So, the growth we see in May this year is on a somewhat lower base last year,"
CV and tractor segments should have a strong run going forward given the government’s focus on the rural economy in an election year and its continued investment in infrastructure.