Maruti Suzuki could cut December output by 30% due to chip woes, softening demand for entry level cars Maruti Suzuki India Ltd (MSIL) has lowered its actual production target for December 2022 by as much as 30 percent, sources have told Autocar Professional. While the company had projected around 183,000 units in total production in… Continue reading Maruti Suzuki could cut December output by 30% due to chip woes, softening demand for entry level cars
Tag: Suzuki
Gallery
BENGALURU, Dec 2 (Reuters) – Maruti Suzuki India Ltd (MRTI.NS), the country’s top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months. The company’s production in November, which also saw a “minor impact” due to the shortage, rose 5% year-on-year to 152,786… Continue reading Gallery
Auto wholesales in Nov 2022: PVs at record peaks, 2Ws dip; YoY dispatches in green
Highlights November 2022 reported highest-ever PV wholesales for the month, CY2022 projected to touch peak PV sales at 38 lakh units, previous high was in 2018, ICRA expects PV volumes to touch about 37-38 lakh units in FY23, High ownership costs, financing rates remain issue in 2W sector, Sentiments are slowly improving at rural level,… Continue reading Auto wholesales in Nov 2022: PVs at record peaks, 2Ws dip; YoY dispatches in green
Car and SUV sales rev past 300,000 units for sixth straight month in November
There’s no stopping the Indian passenger vehicle juggernaut. With 10 out of 16 OEMs announcing their November wholesales, which add up to 310,580 units (up 32%), this is the sixth month in a row that numbers have driven past the 300,000-unit count. Once SIAM officially releases the PV industry data later this month, it is… Continue reading Car and SUV sales rev past 300,000 units for sixth straight month in November
Automotive Sunroof Market Will Generate $14.19 Billion Revenue by 2030, Says P&S Intelligence
NEW YORK, Nov. 30, 2022 /PRNewswire/ — According to the recent market research study published by P&S Intelligence, in 2021, the automotive sunroof market was worth $6.43 billion, and it is expected to reach $14.19 billion by 2030, advancing at a 9.2% CAGR from 2021 to 2030. This is due to the technological developments in sunroof… Continue reading Automotive Sunroof Market Will Generate $14.19 Billion Revenue by 2030, Says P&S Intelligence
India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27
India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27 The pre-owned car market in India, which has historically outpaced the new car market, is expected to grow even more over the next five years as a result of low car penetration, the move to digital, new car launches, shortening… Continue reading India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27
India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27
India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27 The pre-owned car market in India, which has historically outpaced the new car market, is expected to grow even more over the next five years as a result of low car penetration, the move to digital, new car launches, shortening… Continue reading India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27
India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27
India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27 The pre-owned car market in India, which has historically outpaced the new car market, is expected to grow even more over the next five years as a result of low car penetration, the move to digital, new car launches, shortening… Continue reading India’s pre-owned car market to surge 2.5 times in value at Rs 44 trillion by FY27
Maruti Suzuki sales cross a million units in first eight months of FY2023
With India’s passenger vehicle market firing on all cylinders, it’s not surprising that the market leader is also making the most of the positive market sentiment. The company has reported wholesales of 132,395 units in November 2022, which is a 21% year-on-year increase (November 2021: 109,726). For the April-November 2022 period, cumulative sales have crossed… Continue reading Maruti Suzuki sales cross a million units in first eight months of FY2023
Honda ties up with MSTI to offer end-of-life vehicle scrapping services
Honda Cars India (HCIL) has signed an agreement with Maruti Suzuki Toyotsu India (MSTI) to offer its customers an end-to-end solution for scrapping their end-of-life vehicles (ELVs). As part of this tie-up, Honda’s customers will be able to get their older vehicles scrapped in a scientific and environment-friendly manner. HCIL says it strives to assist its… Continue reading Honda ties up with MSTI to offer end-of-life vehicle scrapping services