Maruti Suzuki India Ltd News

Infosys hikes CEO Salil Parekh's salary by 88% to Rs 79.75 crore

For FY22 Infosys CEO Salil Parekh received a total remuneration of Rs 71.02 crore, up 43 per cent. This compensation included Rs 52.33 crore from restricted stock unit options.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%_65505

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Top headlines: Railways-coal sector rift continues, 5G phones for Rs 10,000_62770

Business Standard brings you the top headlines at this hour.

Maruti Suzuki to invest Rs 11,000 cr for new manufacturing plant in Haryana_62619

The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in the first phase of its new manufacturing facility in Haryana. The company on Friday completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC (Haryana State Industrial and Infrastructure Development Corporation Limited), the auto major said in a regulatory filing. The new plant's first phase with a manufacturing capacity of 2.5 lakh units per annum is expected to be commissioned by 2025, subject to administrative approvals. In the first phase, the investment would be over Rs 11,000 crore, MSI said. "The site will have space for capacity expansion to include more manufacturing plants in the future," MSI noted. At present, MSI has a cumulative production capacity of around 5.5 lakh units per quarter or about 22 lakh units per annum across its manufacturing plants in Haryana and Gujarat.

Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health_58856

Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.

Maruti Suzuki to go aggressive to regain market share in SUV segment_58338

Fourth-quarter profit zooms 58% on boost from price hikes

Maruti to shift focus on high-end cars as demand for hatchbacks shrinks_58303

There has been a 25% decline in the market for hatchbacks in the last four years due to increase in commodity prices and taxes by state governments

Maruti Suzuki consolidated Q4 net up 58% to Rs 1,839 cr despite sales dip_58226

Consolidated total revenue from operations up 11.29% at Rs 26,749.20 crore; Board declares final dividend of Rs 60 a share

Maruti Suzuki India launches new XL6 priced at Rs 11.29 lakh onwards_55553

The new XL6 is powered by a 1.5-litre petrol engine with a peak power of 75.8 kW. It is available in manual and automatic transmission options, priced between Rs 11.29 lakh and Rs 14.55 lakh

We will regain 50% market share gradually: Maruti Suzuki CEO_54291

In a Q&A, Hisahi Takeuchi also explains why the company won't be able to launch its first EV in the affordable segment

Govt's mandatory airbag proposal to hurt car sales: Maruti Suzuki chairman_53345

India's road transport ministry is firm on its plan and is pushing automakers to agree to the rules, two sources told Reuters

Rate sensitive shares trade mixed after RBI keeps repo rate unchanged at 4%_51859

At 10:40 am; barring the Nifty PSU index which gained nearly a per cent, most of the other sectoral indices such as Nifty Bank, Financial Services, Auto and Realty were more or less unmoved.

New Maruti Suzuki Ertiga 2022 bookings open; launch next week_51649

"The next-gen Maruti Suzuki Ertiga will have thoughtful new-age features, an upgraded powertrain and advanced 6-speed automatic transmission," Shashank Shrivastava said

India Inc likely to see robust Q4 nos despite input cost pressure: Analysts_50629

The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better

Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares_50249

IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.

Auto stocks eyeing breakout; Tata Motors, Bajaj Auto can soar up to 10%_46961

The Nifty Auto index and the key stocks are trading near significant resistance levels while exhibiting sideways movement, upside breakout could see significant long additions.

Takeuchi appointed as new captain of Maruti Suzuki amid multiple challenges_46716

The leadership change comes at a moment, when Maruti is facing challenges from new emission norms, EV and increased competition from rivals

No bar on Maruti to make electric vehicles: Chairman R C Bhargava_46376

Bhargava says fears over Suzuki's MoU with Gujarat unfounded

Suzuki Motor powers EV rush in India with Rs 10,440-crore investment_45106

Maruti's rivals, such as Hyundai and Tata Motors, have announced elaborate plans for electrification of their products

Multiple headwinds override valuation comfort in Maruti Suzuki_42993

While earnings estimates are cut, analysts hint at volume and margin recovery