Partho Banerjee, Senior executive officer for marketing and sales, Maruti Suzuki 3 min read Last Updated : Aug 24 2024 | 12:32 AM IST Maruti Suzuki India Limited (MSIL) is planning to launch a new showroom line called “Nexa Studio” that will cater for Tier-2 and Tier-3 cities of the country, company’s senior executive …
INDIA 1)India’s retail inflation in July dropped to 3.54%, marking a near five-year low as food prices eased, government data showed. The actual figure fell below the Reserve Bank of India’s 4% target, primarily due to a high-base effect from last year. 2)Food prices, which constitute nearly half of the retail inflation basket, saw a …
Passenger vehicle makers are expected to report 10-15 per cent YoY jump in auto sales for April, driven by healthy demand in utility vehicles (UVs). On the other hand, two-wheeler (2W) retails are expected to grow about 20 per cent YoY, aided by the low base of last year and nine days Navratras that were …
Maruti Suzuki India Limited’s foray into the electric vehicle market took a significant stride as their inaugural electric model, the eVX, made an appearance at Auto Expo 2023. Anticipation has been building since then, with enthusiasts eagerly awaiting its slated launch in 2025. Recently, the excitement peaked as spy shots surfaced, capturing the eVX in …
Starting December 15, more than three dozen cars from mostly Indian, Japanese, and Korean companies will start crash testing under India’s first car-safety rating programme. India launched in August the Bharat New Car Assessment Programme (Bharat NCAP), which is modelled on the Global NCAP and tailored for Indian standards. This is aimed at improving the …
Maruti Suzuki India Ltd on Friday said the domestic car market is likely to stagnate next financial year as the small car segment, which is crucial for growth, is unlikely to revive in the next two to three years. “The industry is not optimistic about growth next year and the growth projections for the next …
Mumbai: The Indian consumer’s swift climb up the luxury ladder is evident in the near-halving of market share for entry-level cars, television sets, home appliances and mobile phones over the past three years, underscoring the role easy financing has played in elevating purchasing power. Separately, manufacturers have also shifted their attention to marketing premium products …
Sales of small cars may bounce back in two-to-three years once consumers’ income levels increase, Maruti Suzuki India’s chairman said on Friday, after the carmaker smashed quarterly profit estimates thanks to strong sales of larger and pricier vehicles. Stubbornly high borrowing rates and inflation that is only just cooling have shrunk disposable incomes. “Without growth …
Kolkata | Mumbai: Discretionary spending by consumers on big-ticket items such as cars, smartphones, televisions, two-wheelers and household appliances is off to a flying start this festive season. Several brands and categories have overtaken last year’s total festive period sales or are close to matching them in the first phase, which runs from Navratri to …
Maruti Suzuki India (MSI) is planning capital expenditures (capex) until 2030-31 amounting to approximately Rs 1.25 lakh crore, the company said in a stock exchange filing on Monday. The company’s strategy involves expanding its current product lineup from 17 models to 28 while increasing its production capacity. Maruti aims to have a total production capacity …