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Maruti Q3 profit jumps 24%, high costs hit margins

  • Revenue rose 13.3% from a year ago to 23,457.8 crore, on a 13.2% increase in vehicle sales to 495,897 units.
Maruti has benefited as demand for smaller cars rebounded at a sharper-than-expected pace during the festive season and thereafter, leading to one of the lowest levels of unsold vehicles at the company’s dealerships.(Ramesh Pathania/Mint)
Maruti has benefited as demand for smaller cars rebounded at a sharper-than-expected pace during the festive season and thereafter, leading to one of the lowest levels of unsold vehicles at the company’s dealerships.(Ramesh Pathania/Mint)
Published on Jan 29, 2021 05:24 AM IST
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By Malyaban Ghosh, Livemint, Mumbai

Maruti to roll out compact SUV on Baleno platform

The new model is among a series of SUVs planned by the Suzuki Motor Corp. unit to bolster efforts to regain market share lost to new and established rivals such as Hyundai Motor India Ltd and Kia Motors in India’s fast-growing SUV market.
In the compact SUV segment, where Maruti leads with Vitara Brezza, competition has intensified with almost every manufacturer eyeing a pie of this growing market.(PTI File Photo)
In the compact SUV segment, where Maruti leads with Vitara Brezza, competition has intensified with almost every manufacturer eyeing a pie of this growing market.(PTI File Photo)
Updated on Dec 17, 2020 02:01 AM IST
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Mint, New Delhi | By Malyaban Ghosh

“I wanted to reach the top of my cooking game before I turned 30,” says chef Sanjeev Kapoor

The celebrity chef takes a walk down memory lane as he discusses his hopes, dreams and fashion sense when he was 22
Chef Sanjeev Kapoor playing the guitar at his place in Varanasi while working at Hotel Varanasi Ashok
Chef Sanjeev Kapoor playing the guitar at his place in Varanasi while working at Hotel Varanasi Ashok
Updated on Dec 06, 2020 07:59 AM IST
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Hindustan Times | By Veenu Singh

News updates from Hindustan Times at 5 pm: BJP following ‘coalition dharma’ by attacking me, says Chirag Paswan and all the latest news

Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Chirag Paswan speaks to media (ANI Photo)(ANI)
Chirag Paswan speaks to media (ANI Photo)(ANI)
Updated on Oct 18, 2020 05:04 PM IST
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Hindustan Times, New Delhi | By hindustantimes.com

Maruti, Hyundai to hike production

Maruti plans to produce 160,000-170,000 vehicles in October, and has also asked suppliers and employees to work extra days during the month, the two people said, requesting anonymity. Hyundai, on the other hand, is also likely to manufacture 58,000-60,000 vehicles.
The carmakers plan to ramp up production with an eye on Diwali sales.(Mint)
The carmakers plan to ramp up production with an eye on Diwali sales.(Mint)
Published on Aug 04, 2020 04:18 AM IST
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Livemint | By Malyaban Ghosh

How self-confidence is key to becoming self-reliant, writes Mark Tully

To achieve self-sufficiency, India has to reform the bureaucracy and its politics. In managing its economy, India has to have the self-confidence to learn from other countries
Narendra Modi mentioned self-reliance no less than 17 times in a broadcast to the nation(PTI)
Narendra Modi mentioned self-reliance no less than 17 times in a broadcast to the nation(PTI)
Updated on Aug 01, 2020 06:18 PM IST
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By Mark Tully

Sunday drive with Hormazd Sorabjee: A look at the Hyundai Creta

The next-generation Hyundai Creta is here to snatch back the crown of the best-selling SUV
Published on Jun 14, 2020 12:22 AM IST
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Hindustan Times | By Hormazd Sorabjee

Hyundai India, Maruti workers contract coronavirus, exposing restart risks

The cases show the risks and challenges Prime Minister Narendra Modi’s government faces in restarting automobile production in an effort to revive the economy after a near two-month lockdown to fight the spread of the coronavirus.
Maruti Suzuki India Ltd, which sells one in every two cars in the country, said late on Saturday one employee at its plant in the northern city of Manesar had tested positive.(PTI)
Maruti Suzuki India Ltd, which sells one in every two cars in the country, said late on Saturday one employee at its plant in the northern city of Manesar had tested positive.(PTI)
Updated on May 24, 2020 10:44 PM IST
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Chennai/ New Delhi | By Reuters

Maruti looks to restart ops with 50 per cent staff from today

While Maruti offices would not have more than half of the employees at any given time, there would be a one-hour mandatory gap between shifts in the factories to allow for disinfecting the common spaces, said two people directly aware of the matter.
The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi, India.(REUTERS)
The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi, India.(REUTERS)
Updated on May 12, 2020 01:00 PM IST
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Livemint, New Delhi | By Malyaban Ghosh

Maruti among 10 industries allowed to reopen in Gurugram

The auto giant, which manufactures about 15.5 lakh cars of 16 different models every year, had shut its plants at Udyog Vihar and Manesar on March 22. In Gurugram district, the company has at least nine dealers but they will continue to remain shut due to ongoing lockdown.
Gurugram: A view of the Maruti Suzuki plant in Manesar near Gurugram.(PTI)
Gurugram: A view of the Maruti Suzuki plant in Manesar near Gurugram.(PTI)
Updated on Apr 22, 2020 11:36 PM IST
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Hindustan Times, Gurugram | By Dhananjay Jha and Abhishek Behl, Gurugram

Coronavirus crisis: Stimulus needed for quick revival of economy, says Maruti’s Bhargava

Coronavirus crisis: Maruti is considered a bellwether for India’s passenger vehicle industry with more than 50% market share. The automobile industry contributes almost 7-8% of India’s gross domestic product (GDP) and provides employment to millions, directly and indirectly.
Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, August 11, 2019.(File photo: Reuters)
Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, August 11, 2019.(File photo: Reuters)
Updated on Apr 13, 2020 06:57 AM IST
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Livemintt, New Delhi | By Malyaban Ghosh

Maruti, India’s largest car maker opens larger heart, feeds Haryana villages

Ration which includes kasan, alihar, dhana, baas-kusla and kho are being distributed to five villages in Manesar.
(Photo courtesy: Maruti Suzuki)
(Photo courtesy: Maruti Suzuki)
Updated on Apr 10, 2020 05:57 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

Excerpt: Nautanki Diaries by Dominic Franks

Sports broadcaster and trained doctor, Dominic Franks rode from Bengaluru to Delhi on his cycle, Nautanki. His book Nautanki Diaries is about that journey. This excerpt, which highlights the Indian tendency to leave things to fate and also the alarming state of our healthcare system, is especially pertinent at a time when thousands of the urban poor are fleeing the cities on foot and on bicycle
Such a long journey: A migrant worker leaving Noida for his village on Day 5 of the 21-day nationwide lockdown imposed to curb the spread of coronavirus.(Mohd Zakir/Hindustan Times)
Such a long journey: A migrant worker leaving Noida for his village on Day 5 of the 21-day nationwide lockdown imposed to curb the spread of coronavirus.(Mohd Zakir/Hindustan Times)
Updated on Apr 01, 2020 07:26 PM IST
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Hindustan Times | By Dominic Franks

Market turns jittery on weak macro data, global cues

After opening on a positive note, the 30-share index turned choppy to trade 54.61 points, or 0.14 per cent, lower at 40,061.45.
Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge.(REUTERS)
Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge.(REUTERS)
Updated on Nov 14, 2019 10:16 AM IST
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Mumbai | By Press Trust of India

Kin of retired colonel who died in road accident to get 25 lakh

77-year-old was on foot when he met with an accident in mohali in 2017; car owner, driver and insurer to pay relief
HT Image
HT Image
Published on Nov 03, 2019 12:01 AM IST
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Hindustan Times, Mohali | By HT Correspondent, Mohali

Sensex opens over 200 point higher; Nifty tops 11,600

After hitting a high of 39,306.37 points, the 30-share index pared some gains to trade 52.71 points, or 0.13 per cent, higher at 39,142.74 at 0945 hours, while the broader Nifty advanced 13.40 points, or 0.12 per cent, to 11,613.60.
A live ticker shows the Bombay Stock Exchange (BSE) share index (Sensex) on the BSE in Mumbai.(AFP File)
A live ticker shows the Bombay Stock Exchange (BSE) share index (Sensex) on the BSE in Mumbai.(AFP File)
Updated on Sep 24, 2019 11:04 AM IST
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Mumbai | By Press Trust of India

UP brothers in net for killing friend in Ludhiana for 20,000

After consuming liquor, accused had taken 28-year-old to Kadiana Kalan and bludgeoned him to death
HT Image
HT Image
Published on Sep 23, 2019 11:21 PM IST
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HT Correspondent | By HT Correspondent, Ludhiana

Mumbaiwale: What did we dream of a century ago? And what did those dreams mean?

A century-old book about folklore of the Bombay Presidency has unusual details about our sleeping life
Dreams particularly haunted those who owed their dead ancestors something.(HT FILE)
Dreams particularly haunted those who owed their dead ancestors something.(HT FILE)
Updated on Sep 25, 2019 07:17 AM IST
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Hindustan Times | By Rachel Lopez

20-year-old woman stalked while travelling in auto from Delhi

The police said that they have the registration number of the suspects’ car and are trying to trace them. “They are yet to be arrested.
A case was registered under sections 354-A (sexual harassment), 354-D (stalking) and 506 (criminal intimidation) of the Indian Penal Code (IPC) at Sector 5 police station on Thursday, said the police.(HT image)
A case was registered under sections 354-A (sexual harassment), 354-D (stalking) and 506 (criminal intimidation) of the Indian Penal Code (IPC) at Sector 5 police station on Thursday, said the police.(HT image)
Updated on Sep 14, 2019 07:11 AM IST
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Gurugram | By HT Correspondent

Maruti keeps top spot as India’s largest utility vehicle maker in Apr-July

The launch of multi-purpose vehicle XL6 has further bolstered Maruti’s position in the face of stiff competition from Hyundai Motor India Ltd and Mahindra and Mahindra Ltd.
Maruti Suzuki has topped the chart of utility vehicle sales, by registering a market share of 25.46% during first four months of FY 2019-20.(File Photo)
Maruti Suzuki has topped the chart of utility vehicle sales, by registering a market share of 25.46% during first four months of FY 2019-20.(File Photo)
Updated on Sep 03, 2019 05:38 PM IST
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Livemint | By Malyaban Ghosh

Maruti Suzuki cuts 3,000 contract jobs as auto industry faces slowdown

Maruti Suzuki is on track to meet the country’s new emission norms, said RC Bhargava, adding that the company will move towards manufacturing compressed natural gas (CNG) and hybrid cars.
With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to a report.(Shankar Narayan/HT FILE PHOTO)
With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to a report.(Shankar Narayan/HT FILE PHOTO)
Updated on Aug 27, 2019 12:17 PM IST
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New Delhi | By Reuters

Maruti pins hopes on festive season for demand revival in auto industry

Maruti Suzuki India is hopeful that revival in demand, specially from rural markets, and peak discounts along with new model launches will play a crucial role converting inquiries into real purchases.
Automobile sales in India witnessed its sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months as the sector reels under a prolonged slump.(Reuters Photo)
Automobile sales in India witnessed its sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months as the sector reels under a prolonged slump.(Reuters Photo)
Published on Aug 23, 2019 05:36 PM IST
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Jaipur | By Press Trust of India

Maruti sees new launches, government steps putting sales back on track

Rollback of government plan to raise registration charges of new vehicles will boost sector, says automaker. XL6 will be offered with BS-VI compliant petrol engines in the price range of 9.79 lakh to 11.45 lakh.
Maruti Suzuki MD and CEO Kenichi Ayukawa (left) and the firm’s executive director, marketing and sales, Shashank Srivastava, during the launch of XL6 on Wednesday.(Mint photo)
Maruti Suzuki MD and CEO Kenichi Ayukawa (left) and the firm’s executive director, marketing and sales, Shashank Srivastava, during the launch of XL6 on Wednesday.(Mint photo)
Updated on Aug 22, 2019 08:20 AM IST
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New Delhi | By Malyaban Ghosh

Maruti launches multi-purpose vehicle XL6 starting at Rs 9.7 lakh

With the launch of XL6, Maruti’s product portfolio in the utility vehicle segment will have three offerings - Vitara Brezza and Ertiga being the other two.
XL6 has been launched in India with Bharat Stage 6-compliant K15 petrol engine(Maruti Suzuki XL6)
XL6 has been launched in India with Bharat Stage 6-compliant K15 petrol engine(Maruti Suzuki XL6)
Updated on Aug 21, 2019 02:50 PM IST
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By Malyaban Ghosh

Five held for robbing an e-commerce delivery van in Gurugram

The police on Friday night arrested five men for allegedly robbing an e-commerce company’s van, after a dispute over the delivery of a product, in Sector 58 near the Southern Peripheral Road (SPR) on July 31.
Arrest-handcuffs.
Arrest-handcuffs.
Updated on Aug 11, 2019 02:41 AM IST
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Gurugram | By HT Correspondent

Sensex drops over 200 points, Nifty below 11,550

The 30-share index opened over 150 points tracking rally global equities, but surrendered all gains to trade 201.04 points or 0.52 per cent lower at 38,696.42 at 0955 hours.
Domestic equity benchmark BSE Sensex dropped nearly 200 points in early trade Friday amid heavy foreign fund outflow and weak domestic headwinds.(REUTERS)
Domestic equity benchmark BSE Sensex dropped nearly 200 points in early trade Friday amid heavy foreign fund outflow and weak domestic headwinds.(REUTERS)
Updated on Jul 19, 2019 10:58 AM IST
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Mumbai | By Press Trust of India

Sensex tanks over 600 points, Nifty at 11,600

The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15.
Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.(PTI Photo)
Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.(PTI Photo)
Updated on Jul 08, 2019 11:16 AM IST
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Mumbai | By Press Trust of India

Sensex rises over 100 points, Nifty above 11,850

The 30-share index was trading 88.07 points, or 0.22 per cent, higher at 39,680.15 at 0930 hours. Similarly, the broader NSE Nifty was quoting 25.20 points, or 0.21 per cent, up at 11,872.75.
Domestic equity benchmark BSE Sensex rose over 100 points in early trade Thursday tracking positive cues from global markets ahead of the G-20 summit.(HT File)
Domestic equity benchmark BSE Sensex rose over 100 points in early trade Thursday tracking positive cues from global markets ahead of the G-20 summit.(HT File)
Updated on Jun 27, 2019 09:59 AM IST
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Mumbai | By Press Trust of India

25-year-old woman driver attacks man with iron rod in Chandigarh, arrested: Cops

The incident on Tuesday led to traffic snarls and her crime video went viral on social media.
(Screengrab of the video)
(Screengrab of the video)
Updated on Jun 27, 2019 09:03 AM IST
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Chandigarh | By Indo Asian News Service

Why are car sales declining in India?

We still don’t know much about consumption habits of Indian millennials. The answer to the puzzle of declining car sales might just emanate from there
The automobile industry in India has particularly suffered from regulatory and policy uncertainties(AP)
The automobile industry in India has particularly suffered from regulatory and policy uncertainties(AP)
Published on May 15, 2019 11:57 PM IST
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Hindustan Times | By HT Correspondent
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