SUZUKI CAR PLANT
Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms
Tata Motors and Mahindra challenge Hyundai for India's No.2 spot amid Hyundai's $3.5 billion IPO plan. Hyundai held 13.5% sales, Tata 13.2%, Mahindra 12.4%, Maruti Suzuki tops with 40%. Hyundai faces market challenges, acknowledges COO Tarun Garg. Significant investments in EVs and capacity expansions are planned by 2026, according to the Federation of Automobile Dealers.
Maruti Suzuki surpasses 2 million car deliveries via Indian Railways
Maruti Suzuki has surpassed a significant milestone by delivering over 2 million cars via Indian railways, becoming the first Indian automaker to achieve this environmental feat. This accomplishment was revealed by the company on Monday.
Maruti Suzuki plans to dispatch 35% of total vehicle production via railways in 7-8 years
Maruti Suzuki India plans to significantly increase its use of Indian Railways for vehicle transportation, aiming for 35% of its production within 7-8 years, up from the current 21.5%. Dispatches via railways rose from 65,700 units in 2014-15 to 447,750 units in 2023-24. Maruti Suzuki has dispatched over 2 million units via railways, serving 20 destinations and 450 cities. The initiative has cut 10,000 metric tons of CO2 emissions and saved 270 million liters of fuel.
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.
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.
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.
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.
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.
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