The market mover is back in form and how. In what spells good news for a beleagured industry, Maruti Suzuki India, the passenger vehicle market leader, has reported strong sales of 113,033 units, up 21.3% year on year (August 2019: 93,173). All its vehicle segments, other than the Ciaz premium sedan, have notched smart increases. The… Continue reading Maruti Suzuki fires on all cylinders in August, sells 113,033 units (21%)
Tag: Suzuki
Toyota to offer cars in India on lease, subscription
FILE PHOTO: The Toyota company logo is pictured at the India Auto Show 2018 in Greater Noida, India, February 7, 2018. REUTERS/Saumya Khandelwal NEW DELHI (Reuters) – Toyota Motor Corp (7203.T) will offer its cars in India on leases or shorter-term subscriptions, hoping to tap growing demand for private transport as travelers cut down on… Continue reading Toyota to offer cars in India on lease, subscription
India: CarDekho plans to invest $20m in used car business in FY21
The Girnar Software Pvt Ltd-owned venture, also a leading vehicle search platform, plans to open 250 franchise stores this year and ramp up this network to over 1,000 retail locations by 2022. The franchise outlets would be branded CarDekho Trustmark stores. Used cars are seeing a surge in demand as buyers are increasingly opting for… Continue reading India: CarDekho plans to invest $20m in used car business in FY21
Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group. The AM100 retail group told AM that the acquisition had been postponed following the outbreak of COVID-19 coronavirus but was completed last week under the deal’s initial terms. “A… Continue reading Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
@Suzuki: Aug 01, 2020 Maruti Suzuki sales in July 2020
New Delhi: Maruti Suzuki India Limited posted total sales of 108,064 units in July 2020. This is a growth of 88.2% over June 2020 and a fall of 1.1% over July 2019. This includes domestic sales of 100,000 units and 1,307 units for other OEMs in the domestic market. In addition, the Company exported 6,757… Continue reading @Suzuki: Aug 01, 2020 Maruti Suzuki sales in July 2020
Maruti Suzuki sells 97,768 units in July, gets back into growth mode
Finally, there’s some good news for India Auto Inc and the passenger vehicle industry. Market leader Maruti Suzuki India has reported domestic market sales of 97,768 units in July 2020, up 1.3% year on year (July 2019: 96,478). While this is marginal growth but the fact is it marks the return of the carmaker, which is… Continue reading Maruti Suzuki sells 97,768 units in July, gets back into growth mode
Auto industry set to put brakes on central Europe’s COVID-19 recovery
BUDAPEST/PRAGUE (Reuters) – The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region’s efforts this year to recover from the impact of COVID-19. FILE PHOTO: Employees work on an assembly line as the Volkswagen construction plant reopens after shutting down due… Continue reading Auto industry set to put brakes on central Europe’s COVID-19 recovery
Maruti Suzuki reports first-ever quarterly loss on Indian lockdown
TOKYO — India’s leading automaker Maruti Suzuki on Wednesday posted a 2.67 billion rupee ($35.7 million) net loss for the quarter ended in June, its first red ink since going public in 2003. The dubious milestone owes entirely to the novel coronavirus, which forced India to impose a two-month lockdown this spring. Quarterly sales plunged 72% on… Continue reading Maruti Suzuki reports first-ever quarterly loss on Indian lockdown
Hyundai registers robust demand for second-gen diesel Creta
Hyundai Motor India (HMI), which introduced the second-generation Creta SUV in the Indian market earlier this year in March, is registering strong demand for the diesel powertrain in the new model. The company is offering the Creta in 1.5-litre petrol, 1.5-litre diesel and a 1.4-litre turbocharged petrol engine options, and says that so far the… Continue reading Hyundai registers robust demand for second-gen diesel Creta
Maruti Suzuki posts Rs 249 crore loss in lockdown-impacted Q1 FY2021
The country’s largest carmaker, Maruti Suzuki India today reported the financial results for Q1 FY2020-21. During the period the company sold a total of 76,599 vehicles including 67,027 units in the domestic market and exported 9,572 units. In terms of financial performance, the company reported net sales of Rs 3,677 crore, and a net loss… Continue reading Maruti Suzuki posts Rs 249 crore loss in lockdown-impacted Q1 FY2021