Even as the car market is estimated to grow at a low single digit, R C Bhargava, the chairman of Maruti Suzuki said the company will try to grow by double digits in FY-25. Speaking to the media post FY-24 earnings call, Bhargava said, he is optimistic about the outlook for 24-25. He believed that… Continue reading Maruti Suzuki eyes double-digit volume growth in FY25, says RC Bhargava
Tag: Suzuki
Maruti Suzuki transports 25% of vehicles through railways
In a bid to reduce the carbon footprint, Maruti Suzuki is transporting more vehicles from its plants through the railway. The automaker transported around 25 percent of its vehicles through the railway in the last financial year. “We reached the highest ever transportation by railways at about 4.5 lakh cars,” Maruti Suzuki Chairman R C… Continue reading Maruti Suzuki transports 25% of vehicles through railways
Maruti Suzuki FY24 turnover crosses USD 16 billion; Sales, profit at all-time high
On the back of a series of new launches in the sports utility vehicle space, India’s largest passenger car maker Maruti Suzuki India Ltd clocked a record turnover of over USD 16 billion in the financial year 2023-24. Not just in turnover, FY24 was a record year for Maruti Suzuki in volume, exports, and profit… Continue reading Maruti Suzuki FY24 turnover crosses USD 16 billion; Sales, profit at all-time high
Maruti Suzuki targets sales of 6 lakh CNG vehicles in FY-25
As part of its strategy to push alternative fuels on the path to reducing carbon footprint, Maruti Suzuki is looking to sell over 6 lakh CNG vehicles in FY-25. The market leader is aiming to sell as many CNG vehicles this financial year as the rest of the market sold in FY-24. If the company… Continue reading Maruti Suzuki targets sales of 6 lakh CNG vehicles in FY-25
Suzuki Motor working on affordable hybrid for small cars, says R C Bhargava, Maruti to consider plug-in hybrids too
Amid slowing adoption of electric vehicles, Maruti Suzuki -the country’s largest car maker continues to explore different alternatives to move towards carbon neutrality. Speaking to media post FY-24 earnings, the top management stated that HQ Suzuki is working on an affordable hybrid solution for the compact cars and it will seriously consider the more expensive… Continue reading Suzuki Motor working on affordable hybrid for small cars, says R C Bhargava, Maruti to consider plug-in hybrids too
Maruti Suzuki’s Q4 profit grows 48% YoY; FY24 profit jumps 64%
India’s largest passenger car maker Maruti Suzuki posted a 47.8 percent on-year growth in its net profit in the fourth quarter of 2023-24 (FY24), while its profit for the full financial year jumped 64.1 percent to an all-time high. The robust growth in earnings reflects double-digit growth in vehicle volume, higher average selling price and… Continue reading Maruti Suzuki’s Q4 profit grows 48% YoY; FY24 profit jumps 64%
Desira Group acquires Simpson Garage Great Yarmouth
Desira Group has expanded its portfolio with the addition of Simpson Garage Great Yarmouth for an undisclosed sum. Simpsons will not change the name to Desira, it will continue trading as it is. The addition of Simpsons includes new and used motorhome sales (a new area of growth for Desira), used car sales and aftersales… Continue reading Desira Group acquires Simpson Garage Great Yarmouth
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
Noida-headquartered Uniproducts India, which is a key manufacturer of NVH components such as roof liners, floor carpets, insulation materials, and heat shields, among others, is eyeing supplies to new market entrants of the likes of VinFast in the passenger-electric segment in the country. “We have solutions for various powertrains, including EVs, and we will be able… Continue reading Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
Noida-headquartered Uniproducts India, which is a key manufacturer of NVH components such as roof liners, floor carpets, insulation materials, and heat shields, among others, is eyeing supplies to new market entrants of the likes of VinFast in the passenger-electric segment in the country. “We have solutions for various powertrains, including EVs, and we will be able… Continue reading Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
Renault Nissan drops entry A EV for India, may opt for CMF-B EV with Rs 15 – 20 lakh price points
Having committed USD 600 million in the Indian market, Renault Nissan Automotive India – the Franco-Japanese alliance has dropped its plans of launching an electric vehicle based on the Common Module Family-A platform. Sources say that the entry EV, mooted last year as part of its next steps for the Indian market was not viable… Continue reading Renault Nissan drops entry A EV for India, may opt for CMF-B EV with Rs 15 – 20 lakh price points