RC Bhargava, the chairman of India’s largest passenger car maker Maruti Suzuki India, today expressed concern over the degrowth in sales in the sub-Rs 10 lakh car segment, and said it is a cause of worry for the passenger vehicle industry. “The market under Rs 10 lakh is not growing. In fact, it is declining and… Continue reading Weakness in sub-Rs 10 lakh market a cause of worry, says Maruti Suzuki’s Bhargava
Tag: Suzuki
Maruti Suzuki results: Analysts anticipate continued weakness
The shares of Maruti Suzuki, India’s leading passenger car manufacturer, experienced significant volatility, reaching an eight-month low with the stock falling to an intraday low of Rs 10,782.00 per share, representing a decline of 6.11% due to a notable 17.4% reduction in profits. By the end of the trading day, Maruti Suzuki’s shares rebounded slightly,… Continue reading Maruti Suzuki results: Analysts anticipate continued weakness
Festival season has been good, see 14% YoY growth in retail sales: Maruti Suzuki Chairman
Underlining the robust consumer sentiments in the automobile market, India’s largest passenger car maker Maruti Suzuki said retail sales of passenger vehicles have been pretty good during the festival season. The automaker estimates its retail sales to grow 14% in the peak festival period on a year-on-year basis. “Festival season has been pretty good. We… Continue reading Festival season has been good, see 14% YoY growth in retail sales: Maruti Suzuki Chairman
Maruti Suzuki stock down sharply on poor Q2 results
Maruti Suzuki shares fell 6% after the automaker posted 17.4% fall in its profitablility for the September quarter due to sharp disounts and a sales slowdown. The shares were being traded at Rs 10,861.80 at 2:10 PM on the NSE. India’s largest passenger car maker’s standalone profit for the quarter came in at Rs 3,069.2… Continue reading Maruti Suzuki stock down sharply on poor Q2 results
Suzuki Hayabusa recalled in India due to issues with brakes
Suzuki India has issued a voluntary recall for the third generation model of its popular Hayabusa, over a potential front brake issue. The Suzuki Hayabusa is one of the most popular superbikes on sale in India and the third gen model has been on sale here since 2021 and it appears that most, if not… Continue reading Suzuki Hayabusa recalled in India due to issues with brakes
A look at SUV and car launches this festive season
A host of manufacturers have introduced special edition versions of their cars and SUVs for this festive season in a bid to attract more buyers. Carmakers such as Maruti Suzuki, Toyota, Mahindra, Jeep and Renault have launched special edition models. We’ve compiled a list of every special edition for the festive season that has arrived… Continue reading A look at SUV and car launches this festive season
CTEK Charging: The Power Behind a Successful Show
Tips for a Successful SEMA Show CHICAGO, Oct. 25, 2024 /PRNewswire/ — The SEMA Show is one of the most anticipated automotive events of the year, where the world’s top builders, manufacturers, and enthusiasts come together to showcase the latest innovations in the industry. With hundreds of cars on display for days, one crucial but… Continue reading CTEK Charging: The Power Behind a Successful Show
Autoliv Q3 Earnings Miss Expectations, Guidance Trimmed
Autoliv Inc. ALV reported third-quarter 2024 adjusted earnings of $1.84 per share, which missed the Zacks Consensus Estimate of $2 but rose 11% year over year. The company reported net sales of $2.56 billion in the quarter, which beat the Zacks Consensus Estimate of $2.54 million but fell 1.6% year over year. Stay up-to-date with… Continue reading Autoliv Q3 Earnings Miss Expectations, Guidance Trimmed
Hyundai Motor India’s shares give in to gravity on day 1, despite analyst backing
Despite leading broking houses issuing ‘buy’ ratings on the freshly minted shares of Hyundai Motor India, the stock fell by around 6% on its first day of trading. The shares, which were priced at Rs 1,960 during the IPO, ended their first day on Indian bourses at Rs 1,819.60. They had opened at Rs 1,934,… Continue reading Hyundai Motor India’s shares give in to gravity on day 1, despite analyst backing
Hyundai India stock falls as much as 4.6% after record IPO
Shares of Hyundai Motor India fell as much as 4.6% soon after their stock market debut, but stabilised soon after. The automaker’s shares made their debut on the stock exchanges at a discount to the issue price. The listing price on the National Stock Exchange was Rs 1,934, representing a discount of 1.3% on the… Continue reading Hyundai India stock falls as much as 4.6% after record IPO