| Maruti Suzuki India Limited Related news |
Maruti expands pre-owned sales network to 200 outlets
Posted on 25th February 2019 |
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The country's largest carmaker Maruti Suzuki India (MSI) Monday said it has expanded its pre-owned sales network to 200 outlets in 132 cities across the country. The company had relaunched upgraded True Value network with new brand and retail identity 19 months ago. |
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Nocturnal Animal: Maruti Suzuki starts car servicing at night in five cities
Posted on 11th February 2019 |
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In an industry-first, India’s largest carmaker Maruti Suzuki has started a ‘car servicing at night’ initiative for its customers. It’s currently available at nine workshops in five cities: Gurgaon (Haryana), Sahibabad (UP), Bangalore and Mangalore (Karnataka) and Bhubaneswar (Odisha). Partho Banerjee, Executive Director (Service), Maruti Suzuki, said, “Customer convenience is of utmost importance, and with this initiative, we strive to enhance the customer ownership experience. |
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Maruti Suzuki Rating – ‘Buy’: Higher costs cast a shadow on the quarter
Posted on 4th February 2019 |
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MSIL’s Q3FY19 Ebitda at Rs19.3bn was significantly below our (-25%) and consensus (-27%) estimate. Ebitda margins at 9.8% (Nom 13%, Consensus 13.5%) was impacted by higher commodity (100bp), discounts (100 bp), adverse forex (50 bp), inventory adjustment (30 bp), one-time in staff (20 bp) and operating de-leverage. Management mentioned that weaker than expected sales resulted in high discounts to clear off inventory and led to higher fixed costs. |
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Higher discounts, shrinking sale force analysts to trim Maruti Suzuki earning estimates
Posted on 29th January 2019 |
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With consumer sentiment expected to remain subdued, analysts have trimmed earnings estimates of Maruti Suzuki for the next couple of years. “We cut our MSIL earnings estimates by 5% over FY20-21 mainly driven by cut in our Ebitda margin forecast, factoring in higher discounts than earlier but maintaining our volume estimates,” analysts at Kotak Institutional Equities said. |
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M&M, Hero MotoCorp, Maruti, Adani Ports and JSW Steel hit 52-week low
Posted on 28th January 2019 |
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Shares of three automobile companies – Mahindra & Mahindra (M&M), Hero MotoCorp and Maruti Suzuki India – along with Adani Ports and Special Economic Zone and nine stocks from the Nifty 50 index Cipla, Coal India, Grasim Industries, JSW Steel and Tata Steel hit their respective 52-week lows on Monday. Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the Nifty 500 index that touched 52-week lows. |
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Maruti Suzuki commences bookings for updated version of Baleno
Posted on 22nd January 2019 |
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The country's largest carmaker Maruti Suzuki India (MSI) Tuesday said it has commenced bookings for an updated version of its premium hatchback Baleno. The new Baleno can be booked with an initial payment of Rs 11,000, MSI said in a statement. |
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Maruti Suzuki is looking to back your next big startup; here’s why?
Posted on 21st January 2019 |
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Maruti Suzuki, India’s largest car manufacturer today announced the launch of its innovation program for early-stage startups in the automobile and mobility space called Mobility & Automobile Innovation Lab (MAIL). The company has partnered with Gurugram-based startup accelerator GHV Accelerator to tap on innovative startups with solutions that it believes are futuristic and customer oriented. |
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Maruti Suzuki hikes car prices for select models from today
Posted on 10th January 2019 |
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New Delhi: Starting from today, you have to shell out more to buy Maruti Suzuki cars. India’s largest carmaker has announced a price hike of up to Rs 10,000 for select models, owing to the adverse impact of increase in commodity prices and foreign exchange rates, the company said in a press release. |
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Maruti set to drive in two brand new models in FY'20 : MSI Chairman RC Bhargava
Posted on 7th January 2019 |
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The country's largest carmaker Maruti Suzuki India (MSI) will launch two new models next fiscal, a top company official said. The auto major, which has introduced two models in the current fiscal so far, is also in the process of upgrading its current portfolio to have safety features like airbags, seat belt reminder and reverse parking sensors by June to comply with new safety norms. |
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