Maruti Suzuki

/Tag: Maruti Suzuki

Recovery in car sales an optimistic pointer for Indian auto industry

2020-11-06T06:39:32+00:00November 2nd, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

India’s Covid-hit auto sector is buzzing once again, thanks to massive pent-up demand and the emergence of a new class of buyers who want to avoid public transport because of pandemic fears. But experts are not sure if this signals a turnaround for the industry.

Maruti Suzuki buys Sumitomo’s stake in JJ Impex

2020-05-18T10:40:14+00:00May 18th, 2020|India Inc Views - India Global Business, News in Brief|

After the acquisition, JJ Impex shall become the wholly owned subsidiary of Maruti Suzuki. India’s top automaker Maruti Suzuki acquired Japan’s Sumitomo Corporation’s stake in their joint venture JJ Impex, a company engaged in automobile service and repair business. The company has approved a 49.13 per cent equity acquisition of JJ Impex from two Sumitomo companies – Sumitomo Corporation and Sumitomo Corporation India Pvt Ltd in Delhi-based JJ Impex. The transaction involves Maruti Suzuki picking up over 34.43 lakh shares [...]

Time to switch gears and speed up innovation

2018-05-18T13:04:37+00:00December 9th, 2016|2016, Sector Focus, Year, Yearend 2016|

India’s auto industry has arrived on the global stage but has to learn to adapt to go further.

With annual sales of over 20 million units, the Indian automobile industry is one of the largest in the world. It is the fourth largest market for cars behind China, US and Japan and trails only China in the global pecking order for two wheelers. It has also been one of the fastest growing automobile markets in the world at a time when there are fewer takers for cars around the world. Many believe India will emerge as the third largest market for cars as early as the turn of this decade.

Motown India comes of age

2018-10-31T07:29:22+00:00August 11th, 2016|2016, July/August 2016, Sector Focus, Year|

The Indian automobile industry is making its presence felt globally with rising exports, multiple acquisitions and heightened exposure to overseas markets.

In February this year something very uncommon, if not unprecedented, happened in the Indian automotive industry. The country’s largest car maker, Maruti Suzuki India Ltd, exported a batch of 1,800 units of its latest premium compact car Baleno to its home market Japan. Export of cars from India have gained significant volumes and are growing fast but even then this tranche was of special relevance. It was the first time ever that Maruti, where Suzuki owns a majority 54 per cent, was exporting a model from its factories in India to parent Suzuki’s home country. Over the last decade...