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Maruti Suzuki India Aug Total Production Falls To 111,370 Units
Maruti Suzuki India Says August Total Sales Down 32.7%
Maruti Suzuki India To Recall 40,618 WagonR (1 Litre) Vehicles
Maruti Suzuki India Limited is a holding company. The Company is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the Company comprise facilitation of pre-owned car sales, fleet management and car financing. Its geographical segments include the domestic segment, which includes sales to customers located in India, and the overseas segment, which includes sales to customers located outside India. The Company's product portfolio includes Alto 800, Alto K10, Wagon R, Celerio, Ritz, Swift, DZire, Ertiga, Omni, Eeco, Gypsy and Ciaz. Its service offerings include Maruti Finance, True Value, Maruti Genuine Parts, Maruti Genuine Accessories, Maruti Suzuki Auto Card and Maruti Driving School. It has approximately five plants, located in Palam Gurgaon Road, Gurgaon, Haryana, and at Manesar Industrial Town, Gurgaon, Haryana, with an installed capacity of over 1.5 million vehicles per year.
Auto & Truck Manufacturers
Plot No 1
Nelson Mandela Road,, Vasant Kunj
Ravindra Chandra Bhargava
Non-Executive Chairman of the Board
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer, Senior Executive Officer - Finance
Chief General Manager, Compliance Officer, Company Secretary
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Maruti Suzuki India Ltd Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.
Maruti Suzuki India Ltd said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between Nov. 15, 2018 and Aug. 12, 2019.
India's biggest automaker, Maruti Suzuki India Ltd <MRTI.NS>, said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia's third largest economy.
* Expenses drop 6% from a year ago (Adds details on cost cuts, industry background)
Maruti Suzuki India Ltd posted a 27.3% fall in first-quarter net profit on Friday, hurt by industry-wide weak demand as the country's economy struggles to pick up pace.
* Co to stop making diesel cars as stricter emission norms kick in
Maruti Suzuki India Ltd on Thursday posted a 4.6 percent fall in fourth-quarter net profit, hurt by industry-wide weak demand.
Indian shares ended lower for a third straight session on Tuesday, erasing gains in morning trade, hurt by declining financial shares such as HDFC Bank and automobile stocks such as Maruti Suzuki India .
Indian shares ended largely flat on Friday triggered by a worsening global growth outlook, and as losses in financial stocks such as Kotak Mahindra Bank Ltd offset gains in Maruti Suzuki India Ltd.
Indian shares closed lower for a third session in four on Friday, dragged by Zee Entertainment Enterprises and Maruti Suzuki India Ltd.
India's top-selling car maker Maruti Suzuki India Ltd posted a lower-than-expected profit for the third quarter, sending its shares to a 21-month low.
Maruti Suzuki India Ltd posted a 17.2 percent drop in third-quarter profit on Friday, missing consensus estimate, as rising commodity prices weighed on demand.
Maruti Suzuki India Ltd, the country's top-selling car maker, said on Wednesday it would recall 5,900 mini pickup trucks to inspect a defect in the fuel filter of some units.
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.
* Q2 total revenue from operations up 3 pct (Adds company chairman, executive comments)
India's top-selling car maker, Maruti Suzuki India Ltd, posted a 9.8 percent fall in second-quarter net profit on Thursday, hurt by rising commodity prices and a weaker rupee.
India's largest selling car maker, Maruti Suzuki India Ltd, posted a lower-than-expected first-quarter profit on Thursday, as forex losses and increased costs of raw materials partially offset higher sales of compact and utility vehicles.
India's largest-selling car maker, Maruti Suzuki India Ltd, posted a rise of nearly 27 percent in first-quarter profit on Thursday, boosted by higher sales volumes, but missed street estimates.
* SAYS APRIL TOTAL SALES OF 172,986 VEHICLES VERSUS 151,215 VEHICLES LAST YEAR
Maruti Suzuki India Ltd Chairman R C Bhargava:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.