Tag: Maruti Suzuki India Ltd

Maruti Suzuki clocks 16.8% rise in May production

Maruti Suzuki clocks 16.8% rise in May production

07/06/2017 12:32

Country’s largest carmaker Maruti Suzuki India Ltd (MSIL) on Wednesday reported an increase of 16.8 per cent in its May 2017 production at 1,51,262 units, as compared to 1,29,509 units during the same period last year.

Maruti Suzuki said that it’s production of the compact segment comprising Swift, Ritz, Dzire, Celerio, Baleno/ Ignis/ Dzire Tour increased to 68,562 units in May this year, as against 58,253 units last year.

Further, its production of mini (Alto/ Wagon R) segment jumped to 41,669 units during May 2017, from 34,805 units in the same month a year ago.

MSIL said production of its mid-sized Ciaz segment, however, witnessed a slide to 4,378 units during May 2017 as compared to 5,165 units in May 2016.

Besides, in May 2017 production of it’s utility vehicles Gypsy/ Ertiga/ S-Cross/ Vitara Brezza segment jumped significantly to 22,665 units, against 15,656 units in May 2016.

The company’s Vans Eeco/ Omni segment production during May this year too grew to 13,152 units, from 12,864 units during the same month last fiscal.

Moreover, its CV segment of supper carry (less than 2 ton) reported a production of 836 units in May current year, against 153 unit in May previous year.

Meanwhile, shares of the company were trading at Rs 7,193 apiece, up 1.07 per cent, from previous close on BSE at 12:37 hours.

Advertisements
Maruti Suzuki India sales climb 27.1% in January

Maruti Suzuki India sales climb 27.1% in January

01/02/2017 14:16

India’s largest car maker Maruti Suzuki India Ltd (MSIL) on Wednesday reported a growth of 27.1 per cent in its total sales in January at 1,44,396 vehicles as compared to 1,13,606 vehicles during the same period a year ago.

The domestic sales of carmaker rose by 25.9 per cent to 1,33,934 vehicles during January month, as against 1,06,383 vehicles in January 2016.

Further, its exports during the month grew by 44.8 per cent to 10,462 vehicles, as compared to 7,223 vehicles in January last year.

MSIL’s mini segment car sales, including Alto and WagonR surged by 10.9 per cent to 37,928 vehicles as compared to 34,206 vehicles in the year-ago month, the company said in a statement.

Sales of the compact segment comprising Swift, Celerio, Baleno, Ritz, Ignis and Dzire jumped by 25.2 per cent to 55,817 vehicles in January 2017, from 44,575 vehicles last year.

MSIL said sales of its super compact Dzire Tour, however, slipped 15.3 per cent during the month-under-review at 3,001 vehicles, as compared to 3,545 vehicles in January previous year.

The sales of the company’s mid-sized Ciaz in January this year, climbed 20.2 per cent, at 6,530 vehicles, as against 5,431 vehicles in the same period last year.

Moreover, MSIL’s utility vehicles sales, including Gypsy, Ertiga, Vitara Brezza and S-Cross jumped 101 per cent to 16,313 vehicles in January 2017, as against 8,114 vehicles in the corresponding month of 2016.

The sales of the company’s vans segment, including Omni and Eeco witnessed a surge of 34.9 per cent to 14,179 vehicles in January month, as compared to 10,512 vehicles during the same period of 2016, the company said.

Meanwhile, shares of the company were trading at Rs 6,086 apiece, up 3.21 per cent, from previous close on BSE at 14:20 hours.

Maruti Suzuki India reports robust Q2 numbers; net up 60.2%

Maruti Suzuki India reports robust Q2 numbers; net up 60.2%

27/10/2016 16:35

Country’s largest car maker Maruti Suzuki India Ltd (MSIL) on Thursday reported a significant jump of 60.2 per cent in its net profit after tax (PAT) at Rs 2,398 crore in the July-September quarter of FY2016-2017.

MSIL’s standalone net profit after tax stood at Rs 1,497 crore during the corresponding period previous fiscal, Maruti Suzuki India Ltd said in the regulatory filing to the Bombay Stock Exchange on October 27, 2016.

The company said in a statement that, higher volumes leading to higher capacity utilization, lower expenses on sales promotion and marketing and higher non-operating income contributed to increase in profits. This was partially offset by adverse foreign exchange movement.

Further, its standalone total income including other income too grew by 30.5 per cent at Rs 21,109.4 crore during Q2 2016-17, as compared to Rs 16,173.3 crore during the same quarter a year ago.

In Q2, the company has sold total 4,18,470 vehicles, having a growth of 18.4 per cent. While MSIL’s exports during the quarter stood at 35,440 units, up 17.9 per cent and domestic sales grew 18.5 per cent at 3,83,030 units.

After hitting 52-week high, Maruti Suzuki India share price closed 0.21 per cent down at Rs 5859.75 apiece, from prior close on the Bombay Stock Exchange.

Markets remain firm: Maruti Suzuki, Axis Bank shares advance

17/06/2016 10:21

The key domestic benchmark indices were trading in a positive terrain during the morning trading session on Friday tracking strong cues from Asian peers amid rising confidence that the UK may not vote to leave the European Union, improving the appetite for risker assets.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 26634.11 up by 108.65 points or by 0.41 per cent, while the NSE Nifty was at 8169.15 points, trading higher by 28.4 points or by 0.35 per cent.

The BSE Sensex touched an intraday high of 26730.55 and an intraday low of 26617.82 while the NSE Nifty touched an intraday high of 8195.25 and an intraday low of 8167.45

The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 4143.10,+1.45 per cent), Axis Bank Ltd. (Rs. 530.00,+1.21 per cent), Housing Development Finance Corporation Ltd. (Rs. 1214.95,+1.14 per cent), HDFC Bank Ltd. (Rs. 1175.55,+1.14 per cent), Tata Motors Ltd. (Rs. 458.50,+0.99 per cent), among others.

Meanwhile, Infosys Ltd. (Rs. 1178.40,-0.66 per cent), Tata Steel Ltd. (Rs. 328.00,-0.62 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 749.95,-0.50 per cent), Lupin Ltd. (Rs. 1459.50,-0.38 per cent), Hindustan Unilever Ltd. (Rs. 877.50,-0.26 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1942 shares traded, 1225 shares advanced, 595 shares declined while 122 were unchanged.

On the global front, Asian stocks were trading higher today ahead of the UK’s upcoming 23 June 2016 referendum vote on its future within the European Union. US stocks closed modestly higher in the previous trading session ending a five-day streak of losses with telecoms leading sector advancers.