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
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
Key points to note – The facility is coming up at IMT Kharkhoda in District Sonipat, Haryana This is Maruti Suzuki’s (MSL) 3rd facility in Haryana – other two being at Gurgaon and Manesar The Company has got 800 acres of land allotted for this facility from Haryana State Industrial and Infrastructure Development Corporation Limited … Read more
Suzuki Motor Corporation, Japan (SMC) has announced the following – At Suzuki’s existing facility in Gujarat Rs 7,300 crore to set up a EV Battery manufacturing facility by 2026 Rs 3,100 crore towards increasing the manufacturing capacity of EVs by 2025 Key points to note – SMC owns 56.37% of Maruti Suzuki India (MSI). MSI … Read more
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 continues to charter it’s own course. Recently it had communicated it’s intention to bet big on CNG cars. Previously it had also announced to be focused more on self charging hybrids instead of full EVs for phase 1 in the Indian market. Now it has reconfirmed that it is not looking to make any … Read more
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
It’s important to start by mentioning that Suzuki and Toyota have been working together on various business initiatives since 2016 and later in 2019 also entered into capital alliance whereby both acquired small shareholding into each other. In Auto industry (especially cars) it’s common for companies enter into such arrangements. Skoda and Volkswagen, Renault and … Read more
New models of all cars will have to provide airbags for the front passenger seat from April 1 while all existing models can be sold after August 31 this year, only after being fitted with this safety gear. This mandatory provision was notified by the road transport ministry on Tuesday. “This has been mandated as … Read more