Maruti to acquire Gujarat facility from the parent

Along with it’s Q1 FY24 quarterly results, Maruti Suzuki India (MSI) has announced acquisition of it’s contract manufacturing facility, Suzuki Motor Gujarat Private Limited (SMG) from Suzuki Motor Corporation (SMC). In 2014, MSI had taken shareholders approval to allow SMC set up SMG as a 100% subsidiary that will contract manufacture for MSI. In line … Read more

Maruti plans one more capacity of 1 mn units

Along with it’s Q4 FY 23 results, Maruti has informed about the Board’s approval for additional 1 mn units capacity expansion. The decision has been taken to capitalize on the anticipated growth in the domestic and overseas market. This is in addition to the already under progress capacity expansion at Sonipat. In Sonipat also, the … Read more

Mandatory 6 airbags to hit small car market adversely, says Maruti

Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead.   The auto major noted that the regulation would largely impact the cost-sensitive … Read more

Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat

Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen (about Rs 10,445 crore) by 2026, for local manufacturing of Battery Electric Vehicles (BEV) and BEV batteries in Gujarat. The company has signed a Memorandum of Understanding (MoU) to this effect with the Gujarat government. It was signed “on March … Read more

Maruti looking to break out and looking strong

Maruti has been a significant under performer for last 4 years now. A part of this has to do with the Indian auto industry during this period and some concerns specific to Maruti (competition specifically). However, it seems much of that is getting settled now. Auto industry post Covid is looking up and competition seems … Read more