Maruti Suzuki donated INR 3 crore to the PM CARES fund for flood relief. New Delhi: Maruti Suzuki India on Tuesday said it has donated INR 3 crore to the PM CARES fund for flood relief across various states. The company’s contribution aims to support the government’s relief and rebuilding efforts across the country, the… Continue reading Maruti contributes INR 3 cr to PM CARES fund for flood relief
Tag: Suzuki
Tax differential between EVs, hybrids to continue for long period: Amitabh Kant
The government intends to maintain the tax differential between electric vehicles and hybrid vehicles for a long period to drive the adoption of battery-powered vehicles in the country, according to G20 Sherpa Amitabh Kant. The GST on vehicles powered by internal combustion engines, including hybrid technology, stands at 28%, while it is 5% on electric… Continue reading Tax differential between EVs, hybrids to continue for long period: Amitabh Kant
Maruti and Toyota Leverage UP Govt’s Hybrid Car Tax Waivers to Boost Sales: Report
In a bold move to capitalize on recent tax incentives, Japanese automakers Maruti Suzuki and Toyota have intensified their efforts to promote hybrid vehicles in Uttar Pradesh, according to Reuters Following a significant lobbying victory, both companies are now setting ambitious sales targets for their dealers, hoping to drive up hybrid car sales and take… Continue reading Maruti and Toyota Leverage UP Govt’s Hybrid Car Tax Waivers to Boost Sales: Report
Auto Industry sales will surge on back of improved monsoon and festive season demands
In August, the domestic tractor segment remained flat YoY with volumes coming in 5-6 %.. The domestic passenger vehicle industry volumes declined by low single digit in August 2024 as compared with August 2023, because of weak retail demand trends and higher inventory levels at the dealerships according to Kotak Institutional Equities. The report suggests… Continue reading Auto Industry sales will surge on back of improved monsoon and festive season demands
Suzuki Motorcycles India achieves total sales of 1,04,800 units in August 2024
Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, reported its sales figures for August 2024. The company achieved a total sale of 1,04,800 units in August 2024, representing a 1% increase from the 103,336 units sold in August 2023. Domestic sales rose by 5% to 87,480 units from 83,045… Continue reading Suzuki Motorcycles India achieves total sales of 1,04,800 units in August 2024
Maruti S-Presso, Alto K10 prices marginally cut amid decline in sales
Maruti Suzuki has slashed prices for the Alto K10 and the S-Presso. The Rs 2,000 price cut applies to the entire S-Presso line-up, while the top-spec VXI variant of the Alto K10 has seen a reduction of Rs 6,500 (ex-showroom). Maruti’s total domestic passenger vehicle wholesales were recorded at 1,43,075 units for August 2024, marking… Continue reading Maruti S-Presso, Alto K10 prices marginally cut amid decline in sales
Not-so-August month for Maruti, Hyundai and Tata with sales decline, M&M, Toyota and Kia shine
The heady days of high single-digit growth may just be behind for the Indian passenger vehicle industry. If the wholesales numbers for August 2024 released by a few OEMs are any indication, then the month may not be as august or impressive as the year-ago August: the 359,228 units in August 2023 were an increase… Continue reading Not-so-August month for Maruti, Hyundai and Tata with sales decline, M&M, Toyota and Kia shine
Not-so-August month for Maruti, Hyundai and Tata with sales decline, Toyota and Kia shine
The heady days of high single-digit growth may just be behind for the Indian passenger vehicle industry. If the wholesales numbers for August 2024 released by a few OEMs are any indication, then the month may not be as august as the year-ago August: the 359,228 units in August 2023 were an increase of 9%… Continue reading Not-so-August month for Maruti, Hyundai and Tata with sales decline, Toyota and Kia shine
One in every three vehicles we sell is now a CNG vehicle, says Maruti Suzuki
Maruti Suzuki said that in August, the company sold 49,602 units of CNG (Compressed Natural Gas) vehicles, marking a growth of 37% as compared to August 2023. The company already commands over 73% of the CNG market and plans to continue pushing CNG sales across its extensive product range, from the Alto hatchback to the Grand… Continue reading One in every three vehicles we sell is now a CNG vehicle, says Maruti Suzuki
Current dealer stock level at 36 days, no intent of lowering it in festive season: MSIL
Maruti Suzuki reported that at the start of August, the company’s dealer stock levels were at 38 days. Through targeted efforts, they’ve since reduced it to 36 days. It said that during the upcoming festive season, there’s no intention of further stock correction. “Our focus has been more to see to it that our channel… Continue reading Current dealer stock level at 36 days, no intent of lowering it in festive season: MSIL