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Maruti Suzuki India Ltd (MRTI.NS)

MRTI.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Maruti Suzuki India Implements Price Increase For Different Models
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Maruti Suzuki India Ltd ::SAYS IMPLEMENTS PRICE INCREASE FOR DIFFERENT MODELS.COST OF CO'S VEHICLES HAS BEEN IMPACTED ADVERSELY DUE TO INCREASE IN COMMODITY PRICES AND FOREIGN EXCHANGE RATES, ETC.PRICE INCREASE SHALL VARY FOR DIFFERENT MODELS.BECOME IMPERATIVE TO PASS ON SOME IMPACT OF ADDITIONAL COST TO CUSTOMERS VIA PRICE INCREASE ACROSS VARIOUS MODELS IN JAN 2019.  Full Article

Maruti Suzuki India Says Oct Total Sales Rise 0.2 Pct
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Maruti Suzuki India Ltd ::SAYS OCTOBER TOTAL SALES OF 146,766 VEHICLES VERSUS 146,446 VEHICLES LAST YEAR.SAYS OCTOBER TOTAL DOMESTIC SALES OF 138,100 VEHICLES VERSUS 136,000 VEHICLES LAST YEAR.SAYS OCTOBER PASSENGER CARS SALES OF 101,516 VEHICLES VERSUS 99,077 VEHICLES LAST YEAR.SAYS OCTOBER EXPORT SALES OF 8,666 VEHICLES VERSUS 10,446 VEHICLES LAST YEAR.  Full Article

Maruti Suzuki India Chairman: Will Continue To Make Best Efforts To Achieve 10 Pct Sales Growth This Yr
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Maruti Suzuki India Ltd ::CHAIRMAN SAYS INCREASE IN VEHICLE INSURANCE COSTS HAS HAD AN IMPACT ON BUYER SENTIMENT, COST OF CAR OWNERSHIP.CHAIRMAN SAYS WILL CONTINUE TO MAKE BEST EFFORTS TO ACHIEVE 10 PERCENT SALES GROWTH THIS YEAR, WILL NOT BE AN EASY TASK.CHAIRMAN SAYS WE ARE RAMPING UP PRODUCTION OF CNG VEHICLES.CHAIRMAN SAYS WILL PHASE OUT ALL BS-IV VEHICLES BEFORE APRIL 1, 2020 TO MEET SUPREME COURT ORDER.CHAIRMAN SAYS FESTIVAL SEASON DOES NOT SEEM TO BE SHOWING ANY KIND OF GREAT BUOYANCY OVER LAST YEAR.CHAIRMAN SAYS SALES DURING FESTIVE SEASON MAY BE ONLY MARGINALLY DIFFERENT FROM LAST YEAR.CHAIRMAN SAYS TYPICALLY KEEP ONE MONTHS INVENTORY WITH DEALERS, CURRENT STOCK WITH THEM IS LOWER THAN THAT.CHAIRMAN SAYS HAVE INCREASED DISCOUNTS ON VEHICLES DURING THE QUARTER.CHAIRMAN SAYS MARGINS IMPACTED BY 120 BASIS POINTS IN FIRST HALF OF FISCAL YEAR DUE TO WEAK CURRENCY.CHAIRMAN SAYS SALES IN URBAN MARKETS SLOWER THAN RURAL AREAS WHERE MONSOON HAS BEEN GOOD, HELPING SALES GROWTH.  Full Article

Maruti Suzuki India Sept-Qtr Profit Falls 9.8 Pct
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Maruti Suzuki India Ltd ::SEPT QUARTER PAT 22.40 BILLION RUPEES.CONSENSUS FORECAST FOR SEPT QTR NET PROFIT WAS 20.28 BLN RUPEES.SEPT QTR TOTAL REVENUE FROM OPS 224.33 BLN RUPEES VS 217.68 BLN RUPEES LAST YEAR.SEPT QTR PROFIT WAS 24.84 BLN RUPEES LAST YEAR.Q2 OPERATING PROFIT FELL DUE TO INCREASE IN COMMODITY PRICES, ADVERSE FOREIGN EXCHANGE MOVEMENT AND HIGHER SALES PROMOTION EXPENSES.THE PROFIT ALERT WAS FIRST SOURCED FROM TV AND LATER CONFIRMED FROM A RELEASE ON THE NATIONAL STOCK EXCHANGE.  Full Article

Maruti Suzuki India Flags-Off Proto-Type Electric Vehicles For Field Test
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Maruti Suzuki India Ltd ::SAYS CO FLAGGED-OFF PROTO-TYPE ELECTRIC VEHICLES FOR FIELD TEST FROM GURUGRAM FACILITY.  Full Article

Maruti Suzuki India Says To Recall Super Carry Vehicles
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Maruti Suzuki India Ltd ::SAYS MARUTI SUZUKI TO RECALL SUPER CARRY VEHICLES.SAYS RECALL FOR SUPER CARRY VEHICLES TO INSPECT FOR A POSSIBLE DEFECT IN FUEL PUMP ASSEMBLY.640 VEHICLES IN DOMESTIC MARKET MANUFACTURED BETWEEN JAN 20 2018 TILL JULY 14 2018 WILL BE COVERED IN THIS RECALL CAMPAIGN.  Full Article

Maruti Suzuki India To Increase Prices Across Various Models In Aug
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Maruti Suzuki India Ltd ::MARUTI SUZUKI INDIA - THERE HAS BEEN ADVERSE MOVEMENT IN COMMODITY PRICES AND FOREIGN EXCHANGE RATES WHICH IS PUTTING PRESSURE ON THE BOTTOM LINE.SAYS INCREASE IN FUEL PRICES HAS FURTHER ADDED TO COST DUE TO INCREASE IN FREIGHT.MARUTI SUZUKI - "HAS BECOME IMPERATIVE FOR US TO PASS ON SOME IMPACT OF ADDITIONAL COST TO CUSTOMERS THROUGH PRICE INCREASE ACROSS VARIOUS MODELS IN AUG 2018".PRICE INCREASE SHALL VARY FOR DIFFERENT MODELS.  Full Article

Maruti Suzuki India June Quarter Profit Rises 27 Pct
Thursday, 26 Jul 2018 

July 26 (Reuters) - Maruti Suzuki India Ltd ::JUNE QUARTER PROFIT 19.75 BILLION RUPEES VERSUS PROFIT OF 15.56 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER NET PROFIT WAS 22.71 BILLION RUPEES.JUNE QUARTER TOTAL REVENUE FROM OPERATIONS 224.59 BILLION RUPEES VERSUS 197.77 BILLION RUPEES LAST YEAR.  Full Article

Maruti Suzuki India To Recall 1,279 Vehicles To Inspect Possible Fault In Airbag Controller Unit
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Maruti Suzuki India Ltd ::SAYS MARUTI SUZUKI TO RECALL 1279 VEHICLES (NEW SWIFT & NEW DZIRE).TO RECALL FOR NEW SWIFT AND NEW DZIRE MODELS TO INSPECT FOR A POSSIBLE FAULT IN AIRBAG CONTROLLER UNIT.1279 VEHICLES (566 NEW SWIFT AND 713 NEW DZIRE) MANUFACTURED BETWEEN 7 MAY 2018 AND 5 JULY 2018 TO BE COVERED IN CAMPAIGN.  Full Article

Maruti Suzuki India June Total Sales Up 36.3 Pct On Year
Sunday, 1 Jul 2018 

July 1 (Reuters) - Maruti Suzuki India Ltd ::SAYS JUNE TOTAL SALES OF 144,981 VEHICLES, UP 36.3 PERCENT OVER LAST YEAR.SAYS JUNE TOTAL DOMESTIC SALES OF 135,662 VEHICLES VERSUS 93,263 LAST YEAR - EXCHANGE.SAYS JUNE PASSENGER CARS SALES OF 102,530 VEHICLES VERSUS 69,970 VEHICLES LAST YEAR.SAYS JUNE EXPORT SALES OF 9,319 VEHICLES VERSUS 13,131 LAST YEAR.  Full Article

Maruti Suzuki India to hike prices to combat higher costs

Dec 5 Maruti Suzuki India Ltd will raise prices across various car models next month to mitigate the impact of high commodity prices and foreign exchange rates, the automaker said on Wednesday.