Suzuki to supply first electric SUV to Toyota by early 2025
The new BEV SUVs will also be exported to foreign markets such as Japan, the Middle East, and Europe.
The new BEV SUVs will also be exported to foreign markets such as Japan, the Middle East, and Europe.
Maruti Suzuki chairman R. C. Bhargava says lack of affordability is the key reason for the drop in car sales in the sub ₹10-lakh segment.
The profit decline was due to a provision of ₹837 crore resulting from the withdrawal of indexation benefit and change in tax rate on long term capital gains on debt mutual funds
Maruti Suzuki extends its standard warranty to 3 years or 1,00,000 km, while Tata Motors offers up to ₹1.4 lakhs benefits on select SUVs
Hybrids beat EVs in sales as buyers take a fancy to mixed powertrains to get the best of both worlds.
The domestic wholesales of two-wheeler manufacturers including electric vehicles grew by 26.2% YoY to 14,95,183 units against 11,84,376 units in the same period last year.
JM Financial and Prabhudas Lilladher have retained ‘Buy’ call on Maruti Suzuki, with upgraded price targets of ₹11,750 and ₹12,485, respectively.
Bhargava acknowledged that Maruti Suzuki is trailing behind its peers in the electric vehicle segment.
The total passenger vehicle domestic sales surged 9.4% to 9,95,974 units in Q1 of FY24 as against 9,10,495 units sold in the same period last year.
Maruti's overall sales surge 6.5%, Tata Motor’s overall sales dip 3.9%; Hyundai and Kia report 3.5% and 22% YoY growth, respectively