SUZUKI CAR PLANT
Stocks in news: Happiest Minds, IREDA, Maruti Suzuki, RBL Bank, Shree Cement
India's third largest cement manufacturer Shree Cement announced achieving installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit.
With DRHP, Hyundai steers towards $3 billion public listing
India's largest public issue will be an offer-for-sale (OFS) of up to 142.2 million shares, or a 17.5% stake, by South Korean parent Hyundai Motor Co.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
First to indicate good or bad about economy, as it stays strong, ignore noises about politics: 6 auto stocks with upside potential of upto 34 %
Unlike the US and some other western countries, where there is a separate transportation index which also has an element of logistic companies in it and is watched very closely, in India we don't have a very popular transportation index. The reason why transportation index numbers are extremely important is because there is enough historical evidence to show that auto industry numbers lead indicators of what is happening in the economy. That is why if one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. At this point and in near term there will be noises about political instability, but better ignore it.
Maruti Suzuki to invest Rs 450 crore over the next 3 years on renewable energy initiatives
Maruti Suzuki India plans to invest Rs450 crore in renewable energy initiatives like solar power and biogas over the next three years. The company has commenced production at its biogas plant at its Manesar facility by harnessing food waste and Napier grass resources.
Investments made in creating plant and machinery to qualify for sops under new EV policy
SMEC is aimed at incentivising investments in setting up electric vehicle (EV) manufacturing capacity by lowering import duties on a select number of cars. Under the new EV policy, announced in March 2024, beneficiaries need to invest $ 500 million for setting up electric car manufacturing facilities. They also need to comply with up to 50% minimum domestic value addition commitment.
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Motherson Sumi Wiring capacity to go up 10% as two new plants get operational in Q1: Management
Anurag Gahlot, CFO of Motherson Sumi Wiring, projects significant market growth for FY25 supported by factors such as Maruti Suzuki and Tata Motors' capacity expansions, India's low car penetration, and the growing Indian middle class. Additionally, the expansion of road infrastructure in India presents opportunities for OEMs and customers.
Suzuki says will continue to expand SUV portfolio to recover market share in India
Suzuki Motor Corp intensifies SUV focus in India to regain market share. Strong financial growth in net sales and operating profit reported. Plans new production line and record sales for FY. New strategies to be unveiled by FY2024 end.
Maruti Suzuki expects over 30% jump in CNG vehicle sales at six lakh units in FY25
The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market. Bharti said the company's capacity expansion by around 1 lakh units per annum at its Manesar plant, Haryana largely addresses the Ertiga supply issues. Ertiga CNG demand is huge in the market leading to supply issues, he noted.
A play on restructuring and higher growth: These auto stocks can deliver more than 18% return
In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Small cars will be big again, says Maruti Suzuki
Maruti Suzuki anticipates a recovery in small car sales due to economic growth. The company aims to capitalize on this trend by introducing new models to cater to diverse customer segments and enhance vehicular safety standards. Small-car sales fell 12% in FY24.
India new land of rising sun for auto exports
India's auto industry attracts global players like Honda and Suzuki for exports, with a focus on quality and cost efficiency. The country's emergence as a key manufacturing hub reflects its appeal to major auto manufacturers.
Hyundai plans to launch its first hybrid car in India in 2026, says EVs long-run strategy
The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans.
Maruti’s lucrative CNG play getting bigger to help sustain run on D-St
The company is well placed to benefit from any reduction in duty on hybrid vehicles and valuation multiple re-rating from possible listing for Hyundai Motor India.
Suzuki making smaller hybrid cars for India with much better mileage: Maruti chairman
Japanese auto giant Suzuki is working on smaller hybrid cars that will offer much better mileage than the current cars, Maruti Suzuki Chairman RC Bhargava revealed. Speaking to reporters after the announcement of Maruti's Q4 earnings on Friday, Bhargava highlighted that the costs of the technology used in Toyota hybrids are still high, resulting in expensive cars. He emphasized the need for a cost-effective hybrid car and mentioned that Suzuki Japan is developing smaller hybrid car technology.
Five Japanese escape unhurt in a suicide bombing attempt in Pakistan's Karachi
Counter Terrorism Department (CTD) DIG Asif Aijaz Shaikh said the Japanese nationals were travelling in a van along with two security guards when the terrorists tried to hit the van.
Toyota launches Urban Cruiser Taisor at Rs 7.73 lakh onwards, working on more premium models
Toyota launched the Urban Cruiser Taisor in India, offering various engine options, transmission types, and advanced features. The car competes with popular models like Tata Nexon, Nissan Magnite, and Kia Sonet.
PM Modi flags off India's first automobile in-plant Railway siding project
Prime Minister Narendra Modi inaugurated India's first automobile in-plant railway siding project of Maruti Suzuki India in Hansalpur, Gujarat. He also laid the foundation stone for railway projects worth ₹85,000 crore, including the launch of 10 new Vande Bharat trains. Maruti Suzuki plans to build similar facilities in Manesar and Kharkhoda.
Maruti Suzuki's in-plant railway siding, India's first such project, inaugurated by PM Modi in Gujarat
Modi also inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch of 10 new Vande Bharat trains, from Sabarmati area of Ahmedabad. He also visited the Dedicated Freight Corridor's (DFC) Operation Control Centre.
Why did Maruti choose Gujarat for setting up a second million-car unit? RC Bhargava explains
RC Bhargava, Chairman of Maruti Suzuki, explains that Maruti Suzuki has chosen Gujarat as the preferred state for expansion due to the established vendor base for car components and the potential for improved economies of scale and lower production costs. Additionally, the company aims to triple exports by the end of the decade, with Gujarat being a favorable location due to its proximity to a port. Bhargava also discusses the positive outlook for the Indian car market in 2024-2025.
Maruti Suzuki to invest ₹35,000 crore in Gujarat factory to churn out 1 million cars each year
In his address, T Suzuki, representative director and president of Suzuki Motor Corp, said: "Compared to 10 years ago, we expect 1.7 times in vehicle production and 2.6 times in export sales in the current fiscal." The company will set up a one million unit per annum capacity plant in Gujarat, second in the state and fifth in the country. This will entail an investment of ₹35,000 crore. Production is likely to start in FY29.
Vibrant Gujarat summit: Suzuki Motors to invest Rs 3,200 cr in new production line & Rs 35,000 cr in 2nd plant
Japanese carmaker Suzuki Motors plans to invest Rs 3,200 crore in a new production line and Rs 35,000 crore in a second plant in Gujarat. The company plans to roll out the first electric vehicle by the end of this year, with an annual production capacity of around 20 lakh units.
From chip maker to car manufacturers, global firms flocking to Gujarat
Chip maker Micron Technology has announced that it will set up a $2.75-billion plant at Sanand near Ahmedabad, with officials describing it as an outcome of the state's dedicated semiconductor policy.
Maruti Suzuki to launch next-gen Swift next year: Here is the complete list of Maruti cars coming in 2024
Maruti Suzuki has an exciting lineup planned for 2024 in India, including the next-gen Swift and the highly anticipated eVX electric SUV. The next-gen Swift will come with a new look, improved features, and a more efficient 1.2-liter three-cylinder petrol engine. The eVX electric SUV will offer two battery options and a range of over 500 kilometers on a single charge.
Maruti Suzuki's first EV will be a top-end SUV with 550 km range, launching next year
Maruti Suzuki will manufacture the EV in its Gujarat plant at Hansalpur. Maruti Suzuki Executive Director (Corporate Affairs) Rahul Bharti told reporters that it will be a high-specification SUV having 550 km range (on a single charge) and a 60-kilowatt-hour battery.
Maruti looking to enhance flexibility in production to roll out vehicles as per market demand
Maruti Suzuki India aims to enhance production flexibility to align with market demand trends. The company plans to prioritize the production of high-selling utility vehicles while reducing the output of entry-level cars. This strategy is intended to address shifts in customer preferences and improve operational efficiency.
Maruti to pay Rs 12,841 crore in stock to Suzuki for local plant
The decision was taken in a meeting held today. MSIL will pay for 100% equity of Suzuki Motor Corporation in SMG by allotting approximately 1.23 crore equity shares of the company at a price of Rs 10,420.85 per equity share, on a preferential basis, the filing said.
Toyota plans third India plant, new SUV as domestic sales surge
Toyota plans to build a third car plant in India to expand its production capacity, with a proposed initial capacity of 80,000-120,000 vehicles per year. The plant would increase Toyota's existing manufacturing capacity in India by up to 30%. The company is also developing a new SUV for the Indian market, which will be launched in early 2026 and serve as a flagship product for the new factory.
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