With pent-up demand diluted, carmakers and dealers are also increasing marketing spends to draw buyers to showrooms this festive season. New Delhi: Nearly a dozen consumer and automobile companies, such as Nestle, Colgate-Palmolive, Godrej Consumer Products, Maruti Suzuki, Volkswagen, Skoda and Tata Motors, have stepped up advertising and marketing spends in September quarter, and some… Continue reading FMCG, auto companies step up ad spends to revive demand
Tag: Suzuki
Suzuki to build new biogas plants in India, inks MoUs with Amul Dairy and Dudhsagar
Suzuki Motor Corp, which is already working with NDDB and Banas Dairy in Banaskanta, Gujarat, to set up five biogas production plants to manufacture and sell automotive fuel made from cow dung, will expand the biogas business in Gujarat with Amul Dairy in Anand and Dudhsagar Dairy in Mehsana. Suzuki Motor Corporation (SMC) through Suzuki… Continue reading Suzuki to build new biogas plants in India, inks MoUs with Amul Dairy and Dudhsagar
Maruti Suzuki flags pressure in urban demand
Not only consumer electronics and FMCG companies, but also carmakers have observed a weakening of consumer sentiment in urban markets. Today, India’s largest passenger car maker Maruti Suzuki flagged the sluggish consumer demand from the urban part of the market. However, the rural market demand remains strong. “Rural market is doing pretty well. In the… Continue reading Maruti Suzuki flags pressure in urban demand
Maruti Suzuki to clock highest-ever October retail sales with over 2 lakh units
India’s largest passenger car maker Maruti Suzuki India Ltd is set to clock a new record in its October retail sales this time, on the back of robust demand in the peak festival season. Unlike previous years, this year, Navratri, Dhanteras and Diwali, all fall in a single month. “This month, we are going deliver at… Continue reading Maruti Suzuki to clock highest-ever October retail sales with over 2 lakh units
Weakness in sub-Rs 10 lakh market a cause of worry, says Maruti Suzuki’s Bhargava
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
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