ERTIGA FEATURES
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 23%
Of the last seven trading sessions, in three trading sessions, nifty which opened with a gap or came under pressure after opening has been able to recover and ended the day in positive territory. It is a kind of rotational support coming in from different stocks and sectors. There are banks one day and then they take a back seat and industrials come to support. Is the distribution taking place or is it a kind of consolidation which is taking place and a strong directional move would emerge after the budget that needs to be seen. But in all the cases there is greater chances that it is large cap stocks which will remain in limelight. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Passenger vehicle wholesales in slow lane in May due to high base effect, elections
Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.
Indian consumer market sees significant drop in average buyer age across cars, smartphones, and TVs
Over the past 5-6 years, the average age of Indian consumers purchasing cars, premium smartphones, and large televisions has decreased significantly, indicating a shift towards younger demographics. Major car manufacturers like Maruti Suzuki, Hyundai Motor, and Mercedes-Benz note a decline in the average buying age from the 40s to the mid-30s, with over 70% of electric car buyers being in their 20s and 30s. Similarly, the average age for purchasing Apple iPhones and large-screen televisions has dropped from the 30s to the late 20s to early 30s.
Maruti Suzuki Ertiga crosses one million sales milestone
Maruti Suzuki's Ertiga has crossed a milestone. As per the automaker, 10 lakh units of the Multi-purpose Vehicle (MPV) has been sold ever since its first model was launched in 2012.
Looking at production capacity of 40 lakhs by 2030-31: Shashank Srivastava, Maruti Suzuki
It is probably not always correct that a higher price vehicle gives you a higher margin, it actually depends on the competition in that segment for example in the SUV these are slightly higher priced like mid SUV but the competition is intense. We have about 45-46 brands in that segment whereas in some other categories the number of brands are much lower.
Maruti Suzuki expects production loss in Q1; anticipates some relief from July
Maruti Suzuki India expects continuing production loss in the first quarter due to the shortage of electronic components, with relief anticipated in July-September. Last fiscal, Maruti lost 1.7 lakh units due to chip shortage, and it is anticipated that the company will lose numbers in May and June. The carmaker has an order backlog of over 4 lakh units with Ertiga leading the pack with close to 1 lakh bookings.
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Maruti Suzuki, Hyundai, Tata Motors report best-ever wholesales in FY23
Maruti Suzuki, Hyundai, and Tata Motors achieved their highest-ever dispatches to dealers in the last fiscal year, leading to the domestic passenger vehicle industry's best-ever performance.
Auto Expo 2023: Maruti Suzuki unveils SUVs Fronx, Jimny to step up fight vs rival Thar
"The off-roader Jimny will attract passionate & professional off-roaders, and SUV customers alike. The JIMNY which was originally launched in global markets in 1970, has been breaking stereotypes the world over thanks to its unique design and all terrain capability, powered by Suzuki’s ALLGRIP PRO (4WD) technology," the company stated in a press release.
Brezza, Vitara help Maruti Suzuki gain more space in SUV market
The strong demand for the two vehicles, with the company currently sitting on more than 140,000 bookings for the new breed of SUVs, also highlights Maruti Suzuki's increasing acceptance among Indian buyers who want to upgrade from hatchbacks like the Swift and Baleno to a more spacious, modern and safer vehicle.
All models of Maruti Suzuki Ertiga will now come with ESP, hill assist; prices hiked by Rs 6,000
The company was earlier offering these features only in the automatic and top end manual trims only. The model will now have a starting ex-showroom price of Rs 8.41 lakh. (ex-showroom, Delhi), MSI said.
Maruti Suzuki drives in new Ertiga tagged at Rs 8.35 lakh
Maruti Suzuki India (MSI) on Friday said it has launched a new version of its multi-purpose vehicle Ertiga priced between Rs 8.35-12.79 lakh (ex-showroom). The model comes with a 1.5 litre petrol engine paired with both manual and automatic transmissions.
Maruti Suzuki opens bookings for all-new XL6 from Nexa retail channel
"MAruti Suzuki's all-new XL6 version is a unique proposition that perfectly marries a strong SUV-like design and the convenience of a spacious six-seater MPV. The All-New XL6 embodies NEXA's vision of being an aspirational lifestyle brand and creating an indulgent driving experience," MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava noted.
New Maruti Suzuki Ertiga bookings open; launch next week
Maruti Suzuki India Senior Executive Director (Marketing & Sales) Shashank Shrivastava said the Ertiga has sold over 7.5 lakh units and has been a "game-changer in India's MPV market"
Buy Maruti Suzuki India, target price Rs 9500: JM Financial
Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 228040.24 Crore) operating in Auto sector.
Kia looking to accelerate sales in India, plans to launch 7-seater KY next year
KY is likely to be positioned between Maruti Suzuki’s Ertiga and the erstwhile MPV segment leader, the Toyota Innova.
BYD launches all-electric multi-purpose vehicle e6
Chinese automaker BYD on Monday launched an all-electric multi-purpose vehicle (MPV) e6 in India priced up to Rs 29.6 lakh (ex-showroom). The all-new e6 is equipped with the 71.7 kWh Blade Battery and a WLTC (world harmonised light-duty vehicle test procedure) range of 520 km (city) and a WLTC (combined) range of 415 km with just a single charge.
Maruti Suzuki reports 51% drop in production in September
In a regulatory filing, the auto major reported total production of 81,278 units in September as compared with 1,66,086 units in September 2020. "Production volume of the company in September 2021 was affected due to electronic components shortage," it noted.
Chip shortage: Maruti Suzuki reports 8% dip in production in August
The company had produced a total of 1,23,769 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing. "Production volume of the company in August 2021, was affected due to electronic components shortage," the auto major noted.
Demanding customers, competition drive automakers to refresh models quicker
Full model changes and upgrades are happening within 2-3 years now compared with 5-8 years previously, according to industry insiders. Market leader Maruti will soon be launching an all-new version of the Vitara Brezza.
Pole position for Maruti Suzuki as carmaker edges out Indian manufacturers
India’s largest car maker Maruti Suzuki had seven models in a list of top 10 passenger vehicles by sales during the first half of the ongoing fiscal year, according to company data.
Pre-launch car bookings help gauge mood of customers; automakers leave no stone unturned
A slew of upcoming launches has seen automakers being proactive and aggressive in marketing strategies as new products, if not available to be booked, may drop out of mind space.
Maruti XL6 drives past 25,000-unit sales mark, helps company cement position in MPV segment
The six-seater model, which comes with 1.5-litre petrol engine, has gone on to capture 14 per cent market share in the domestic MPV segment, MSI said in a statement.
Family buyers drive multiple purpose vehicles sales up amid slowdown
Led by a series of new launches, the multiple purpose vehicles (MPV), or family cars, are back. The segment registered 35% growth in 2019 to 2.2 lakh units, with cars priced between Rs 6 lakh and Rs 25 lakh. By contrast, most segments of the automotive market contracted, often in double digits. So, the share of MPVs in India has risen from 5% to 8%.
New launches draw family buyers back to MPVs, Maruti Suzuki Ertiga drive segment to 35% growth in 2019
Led by a series of new launches, the multiple purpose vehicles (MPV), or family cars, are back. The segment registered 35% growth in 2019 to 2.2 lakh units, with cars priced between Rs 6 lakh and Rs 25 lakh. By contrast, most segments of the automotive market contracted, often in double digits. So, the share of MPVs in India has risen from 5% to 8%.
MPVs win over buyers who want to do things together
Recent sales trends show shifting consumer preference in one of the world’s fastest-expanding auto markets.
Best cars between Rs 6 lakh and Rs 12 lakh to buy in 2019
ET Wealth in collaboration with CarDekho.com evaluates and compares the top 5 cars in the price category between Rs 6 lakh and Rs 12 lakh.
Best 5 SUVs to buy this Diwali
Here are the top 5 SUVs of 2017. No surprises as Maruti Suzuki snatches the top two spots.
Maruti launches updated Ertiga priced at Rs 5.99 lakh
Country's largest carmaker Maruti Suzuki India launched an updated version of its multi purpose vehicle Ertiga, with introductory price ranging between Rs 5.99 and Rs 9.25 lakh.
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