Shashank Srivastava

The model has crossed the milestone in 10 months, setting a new industry benchmark, the car market leader said in a statement.

Maruti Suzuki expects 16%-18% growth during festive season, says top official

Talking about Maruti's growth in the SUV and its current market share in the MPV and the MUV segment, Shashank Srivastava said that he expects growth to plateau around high numbers.

Festive season to boost auto sales by 18% across industry: Maruti Suzuki's Shashank Srivastava

India's auto industry has seen a huge jump of 20% over the past 72 days of the festival season, which started on August 17. Around seven lakh cars were sold, with Maruti Suzuki selling 3.1 lakh.

Maruti Suzuki joins hands with Indian Navy for Northeast outreach

A 6,500-km long expedition was launched for the Indian Navy's base in Lonavala, with 45 officers participating in the journey

Maruti Suzuki partners with Indian Bank to provide financing solutions to dealers

The two parties have signed a Memorandum of Understanding (MoU), which will empower over 4,000 Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements, the company said in a statement.

Maruti Suzuki seeks to double its market share in SUV segment in FY 2024

During FY 2022-23, out of the 3.889 million passenger vehicles sold in the country, 1.673 million units were SUV's and that accounted for 43 percent of the total market.

Expect Maruti Suzuki to grow at a faster clip than the industry in FY24, says Shashank Srivastava

India’s largest carmaker, however, expects a drop in production of some of its models in March, which will be higher than that in January and February, due to chip shortage, Srivastava, senior executive officer-marketing & sales, has said

Budget's demand-creating provisions to boost passenger vehicle sales: Maruti Suzuki India's Shashank Srivastava

With the auto industry's growth "very highly correlated" with the overall economy, he said the "growth oriented" Budget of finance minister NIrmala Sitharaman has ticked "most of the boxes" as far as the auto industry is concerned.

Small car segment to grow in volume terms: Maruti Suzuki's Shashank Srivastava

While affordability is a major concern that has impacted growth of the small-car segment, Maruti Suzuki is betting on first-time buyers and more customers from rural as well as suburban areas — tier II and III towns.

Maruti Suzuki unlikely to reach 100% production levels in Q2 despite easing chip shortage, says official

Semiconductor supplies have reached 95 percent levels and not 100 percent and the situation may remain the same for the entire second quarter of FY23, said Shashank Srivastava

Maruti Suzuki commences bookings for upcoming mid-size SUV Grand Vitara

”With the model, we are looking to strengthen presence in the segment where we currently lag behind the competition,” MSI Senior Executive Director (Sales & Marketing) Shashank Srivastava told PTI. He noted that the model is well suited for Indian conditions and would come with multiple trims featuring a mild and strong hybrid system mated to a petrol powertrain.

Storyboard18 - Stacks & Strategies | How Maruti Suzuki plans to ride through the cookieless world

Shashank Srivastava, senior executive director, marketing and sales, Maruti Suzuki, on the challenges and workarounds for advertisers and marketers when third-party cookies crumble.

Inflation, commodity prices, chip shortage may hit demand, says Maruti Suzuki

A resurgence in COVID-19 infections, and a further hike in domestic fuel prices can also adversely impact the consumer sentiment, Maruti Suzuki's senior official Shashank Srivastava said.

Network18 Exclusive: Maruti Suzuki back to 95% production despite price pressure, says Shashank Srivastava

Network18 Exclusive: Acknowledging that margins have been pressed due to commodity price pressure, MSI Executive Director Shashank Srivastava added that enquiries and bookings 'continue to be strong despite price hikes'

Storyboard18 | Maruti to increase media spends by 10-15% in 2022, starts year with commercial vehicle campaign

Shashank Srivastava, Senior Executive Director, Marketing & Sales, Maruti Suzuki India, on the company’s plans to promote commercial vehicles, why its increasing media spends and what deters Indian car buyers when it comes to electric vehicles (EVs).

Long, steady auto demand depends on economy, COVID-19 situation: Maruti Suzuki

"The auto industry was expecting a large decline in consumer interest in terms of bookings and inquiries. Although there has been a decline, it is marginal and certainly not as much as the expectations or the fear that was in the industry," Maruti Suzuki India Executive Director (Marketing and Sales) Shashank Srivastava told reporters in an interaction on Wednesday.

Maruti XL6 drives past 25,000-unit sales mark, helps company cement position in MPV segment

The six-seater model, which comes with 1.5-litre petrol engine, has gone on to capture 14 per cent market share in the domestic MPV segment, MSI said in a statement.

Maruti Suzuki sees full output at Manesar soon

India's largest passenger car maker Maruti Suzuki expects vehicle production at its Manesar plant, hit by labour violence last month, will be fully ramped up soon.

See pressure on petrol vehicles for a long time: Maruti

Shashank Srivastava, executive director of Maruti says, there has been a shift in demand towards diesel. "Because of the high running cost, the petrol vehicles demand has been coming down. There would be pressure on petrol vehicles for a long time to come,” he adds.

Maruti Suzuki sees tough first half FY13 for auto makers

Maruti Suzuki expects passenger car sales across the industry will grow in 7-10% range in 2012-13 (April-March), more than twice as fast it grew in the last fiscal year, but still much slower than the 30% it accelerated in 2010-11.

Maruti to hike prices post Maharashtra tax hike

India's top passenger car maker Maruti Suzuki is to hike prices in Maharashtra after the state government announced a 2-4% tax hike on petrol and diesel vehicles.

Diesel demand powers Maruti Suzuki, mini car sales slip

Maruti Suzuki's vehicle sales rose for the second straight month in February, after declining for seven months in a row till December. But it is not its bread and butter mini cars that are driving sales.

Will be happy if we match FY11 exports this year: Maruti

India’s largest passenger car maker, Maruti Suzuki is struggling to ramp up exports, especially due to sluggish growth in Europe, even as it looks at newer markets to sell its cars. Company officials say the company would see a flat growth in exports this year.

Maruti achieves 10 lakh production mark of K-series engine

The country's largest car maker Maruti Suzuki India today said production of its K-series engine has crossed the 10 lakh units mark within three years of starting the output.

Sales may grow only 5% this year: Osamu Suzuki

Suzuki had cut the sales growth forecast for this financial year from the initial 13% to 8%. But today, the chief executive Osamu Suzuki shocked the street with his observation that sales should actually around just 5%. But the Maruti Suzuki management is still confident that they can overcome the intense competition.