The Maruti Suzuki Annual Integrated Report achieved 100 per cent in six out of eight parameters
MSI Senior Executive Director (Marketing and Sales) Shashank Srivastava said if the company needs to attain its overall objectives in the market, it has to do well in the SUV segment
During the 2014-2015 war in Ukraine, neon prices went up by several times over, indicating how serious this can be for the semiconductor industry
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The Baleno and Swift together have given 60% market share to the company in the premium hatchback segment
If companies end up manufacturing vehicles according to plan, production is likely to exceed the pre-Covid volumes of Q4FY20
The company is getting more than 7,000 enquiries every month. But the conversion rate is low with 100-110 enquiries getting converted to actual order and Maruti wants to improve that
The feat has been achieved after a gap of 11 years with new Baleno leading the pack
At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.
Adani Power, Barbeque Nation, Cadila, GAIL, Godrej Properties, HCC, ITC, JK Tyre, Kalyan Jewellers, Lupin, Mahindra Holidays, TBZ and Titan are some of the major companies to announce results today
Top passenger vehicle makers, Maruti Suzuki, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor and Honda, on Tuesday reported decline in vehicle dispatches from factories to dealers in January amid shortage of semiconductors continuing to hamper production. However, Tata Motors and Skoda Auto India posted huge jump in their domestic wholesales during the month. Maruti Suzuki India's domestic sales slipped by 8 per cent to 1,36,442 units last month as against 1,48,307 units in January 2021. "The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market. The company took all possible measures to minimise the impact," MSI said in a statement. Similarly, Hyundai Motor India Ltd reported a 15.35 per cent drop in its domestic sales to 44,022 units last month against 52,005 units in January 2021. In contrast, Tata Motors' total passenger vehicles sale was higher at 40,777 units last month as compared to 26,978 units
Ebitda margins, which improved 250 bps QoQ at 6.7 per cent in Q3, was the real positive surprise with savings realised under all costs line items, analysts said
An expected improvement in the availability of semiconductors and robust demand outlook in the passenger vehicle market is also driving the upgrades
A strong Q3, order book and easing chip availability situation to support sentiment
Expects no demand let-up; targets production ramp-up in Q4
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The carmaker said it had more than 240,000 pending customer orders at the end of the third quarter
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover