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Maruti has started the production of its maiden electric model, the e Vitara SUV, at its Hansalpur plant in Gujarat.
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While India is currently in the second phase of the CAFE norms, the third stage will become effective from April 2027.
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Hyundai Creta is the second largest-selling car in India in CY25 at 84,744 units.
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Hybrid cars are known for their fuel-efficient nature with the mass-market models easily delivering a mileage of over 20 kmpl.
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Maruti, with a market share of 40 percent, is a market leader in passenger vehicle segment in India. In the third quarter, Maruti recorded the highest-ever exports in any quarter, with exports increasing 38 percent on a YoY basis. Export market holds strong potential for growth. Maruti has made its debut in the growing Electric Vehicle segment with the launch of E-Vitara.
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Tesla would need local manufacturing to scale effectively. Even with import duties below 20 percent, pricing vehicles under Rs 35-40 lakh would remain a challenge.
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Over the nine months ended FY2025, M&M gained 1.9 percentage points in PV market share to about 12 percent while the shares of Maruti Suzuki India, Hyundai India and Tata Motors fell
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Demand for PVs is dented, thanks to the high base of earlier years, high inflation and sticky interest rates that are impacting discretionary spends
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Fuel-guzzling cars still dominate India's roads, with EV sales rising, but still accounting for just 2.5% of annual sales.
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Total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared with 1,56,114 units in the year-ago month, a dip of 8 per cent
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Indian markets show strength as Nifty reaches a new peak and Sensex climbs over 80,300. Key highlights include a surge in equity inflows for June, with sectors like autos, pharma, and PSU banks leading gains. However, IT and energy sectors lag behind in today's trading session. Catch Nandita Khemka and Yatin Mota as they discuss the stocks on their radar.
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Thanks to new SUV models, Maruti has secured a leadership position in the Rs 10-20 lakh segment. It aims to further increase market share with more launches in this segment.
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While commercial vehicle sales saw subdued demand, a sudden halt in demand for EVs, post phasing out of subsidies, is another takeaway
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Maruti Suzuki India Ltd MD & CEO Hisashi Takeuchi said, ”Through our arena channel, we offer a range of vehicles for our customers across over 2,500 cities.” According to him, the company sold close to 12 lakh vehicles in 2023-24, through its arena channel.
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Passenger vehicles and two-wheelers saw significant demand traction
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Maruti Suzuki's electric vehicle variants are unlikely to hit the market till the very end of FY25, said the chairman.
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This comes after the leading automaker announced a price hike across models to the tune of 0.45 percent in January citing increased cost pressure
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Demand outlook positive for various categories, especially in segments targeting rural areas
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PV and 2W segments record strong growth, but CVs and tractors are stuck in a slow lane
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Maruti Suzuki faces potential cost hikes from vessel rerouting amid Red Sea crisis; expects minimal impact on overseas car shipments.
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2W and PV continue to shine, CV and tractor remain muted
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Q3 was good but stiff competition in PVs and rising input costs could turn into headwinds in coming quarters
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The revamp of the UV product line-up will fuel the auto-maker’s performance
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The outlook remains positive as the upcoming general election is seen to have a positive impact on certain segments
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The Nifty Auto index was trading at 17,555, up 0.5 percent from the previous close, a new lifetime high.
