Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Maruti Suzuki stands tall with 20 Million sales in India

Posted On: 2019-11-30 16:39:02


Maruti Suzuki India Limited, India's leading passenger vehicle maker has reached a key milestone of 20 Million passenger vehicle cumulative sales in the Indian market. This achievement makes Maruti Suzuki the only company in India to cross the landmark figure. The sales achievement is a testament to the faith of millions of customers in Maruti Suzuki's products.

The Company accomplished this landmark number in less than 37 years of selling its first car in December 1983. While the Company succeeded in realizing the milestone of 10 million vehicle sales in close to 29 years, the next 10 million passenger vehicles were sold in a record time of 8 years.

Over the years, Maruti Suzuki has changed the way Indians commute. With the roll-out of first iconic Maruti 800 car on 14th December 1983, people in India discovered a new way of personal mobility. This was the beginning of a revolution that made millions of Indians realize their dream of owning a car! Referred to as people's car maker, Maruti Suzuki has laid the foundation for Indian automobile industry to grow.

Thanking customers for choosing Maruti Suzuki vehicles as their preferred car, Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited said, "We are overwhelmed with this new record. Achieving this milestone is a great accomplishment for Maruti Suzuki, as well as our suppliers and dealer partners. We are thankful for immense trust placed in us by the customers, long lasting partnerships with our stakeholders as well as the support extended by the Government. Maruti Suzuki was incorporated with a mission to put India on wheels. A mission where every Indian family could fulfil its dream of owning a car, which we continue to work towards."

He added, "We are committed to bring value to the lives of our customers and delight them through our global technologies, and emphasis on safety and superior quality. This is complemented by an extensive sales and after sales service network. While Maruti Suzuki continues to contribute to the Indian economy and create employment opportunities across the value chain, the Company is committed to give back to the society. Maruti Suzuki continuously invests in Corporate Social Responsibility (CSR) activities in the areas of community development (health, education, water & sanitation, infrastructure), road safety and skill development."

Over the years, the Company has changed the profile of the Indian car market by introducing vehicles with contemporary features and new designs, incorporating comprehensive safety norms. With environment conservation and sustainability at the core of its business operations, Maruti Suzuki has successfully introduced products that gained wide acceptance by its large base of customers. The Company is committed to support the government's goal for environment care and lower pollution. Maruti Suzuki has introduced factory fitted CNG vehicles as well as Smart Hybrid vehicles, in addition to eight BS6 models rolled out much ahead of the stipulated timelines. The Company along with its parent, Suzuki Motor Corporation, plans to introduce a small EV for the Indian market. Currently it is road testing 50 Electric Vehicle prototypes across the country to check their real-life performance in multiple terrains and varied climatic conditions.

As the Company works on expanding its capacity, it follows responsible manufacturing practices to minimize the impact of its operations on the environment. For instance, the Company is focusing on expanding solar energy use. The initial 1.3 MW plant is now being supplemented by a 5MW solar energy plant that will be commissioned this financial year. Another 20MW solar energy plant at Manesar, is likely to be commissioned in 2021. Similarly the Company, over the years, has brought down the dependence on ground water to almost zero, while around 60% of water requirement is met through recycled water.

Shares of MARUTI SUZUKI INDIA LTD. was last trading in BSE at Rs.7249.55 as compared to the previous close of Rs. 7258.3. The total number of shares traded during the day was 33782 in over 4872 trades.

The stock hit an intraday high of Rs. 7293.65 and intraday low of 7134.55. The net turnover during the day was Rs. 243812652.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Sonata Launches 'CSK 2020 Edition' for Chennai Superkings Fans

Universal Cables Ltd updates on capacity expansion

Innovators Facade Systems Limited receives work order of Rs. 26 crores

MRPL shareholders approve proposal to raise funds of Rs. 5000 crore

ITC Ltd increases stake in Delectable Technologies Pvt Ltd

PNB associate bank, JSC Tengri Bank's License revoked

ITC Ltd.'s Sunfeast YiPPee!'s 10th Anniversary celebrations make a GUINNESS WORLD RECORDS® achievement

RITES Ltd board approves buy back through tender offer at Rs. 265

Route Mobile Limited shares to list on Monday - Sep 21, 2020

Mysore Petro Chemicals Limited to write-off GBP 770,000

Somany Ceramics adds a dash of style at T2, Mumbai Airport.

United Spirits Ltd announces resignation of CFO

Lords Chloro Alkali Ltd posts loss of Rs. 1.08 crore in Q1FY21

Zydus Cadila receives final approval from USFDA for Potassium Chloride Extended-Release Tablets

ICRA upgrades rating of Escorts Ltd

Bhatia Mobile to Migrate to main board of BSE

Avantel Ltd receives order of Rs. 15.97 crore from Bharat Electronics Ltd

Magna Electro Castings Ltd board approves buy back at Rs. 175

TATA Tea Chakra Gold Becomes Official Tea Partner for Chennai Super Kings in IPL 2020

Tiger Logistics India Limited provides future Business Outlook

Dr. Reddy's Laboratories announces settlement of U.S. Revlimid® Capsules patent litigation with Celgene

TVS Motor Company expands and strengthens its presence in Colombia

ICICI Securities successfully closes ~INR 6,000 mm IPO of Route Mobile Limited

EIH Limited approves rights issue, fixes Sep 23, 2020 as record date

Hindalco and Hindustan Copper sign MoU for supply of copper concentrate

Kilpest India Limited to merge subsidiary with itself, change name as 3B BlackBio Dx Ltd

Sterling and Wilson Solar Limited Signs order of 106.71 MW worth USD 62.6 mn in Chile

South Korea donates One lakh masks to TVS Motor Company for free distribution to aid India's fight against COVID-19

TCS Recognized as a Leader in Cloud-Native Application Development Services by Everest Group

Power Grid Corporation of India Ltd receives approval for setting up of InvIT

Mahindra Happinest® sells 100+ homes online within a week at 'Happinest Palghar'

Ramco Systems signs agreement with Arla Foods

IRCON International Ltd secures order worth Rs. 1900 crore

Phoenix Group Partners with TCS to Introduce Enhanced Analytics for Workplace Pension Clients

L&T Construction secures order from Northern Coalfields Ltd

Dr. Reddy's announces the launch of Over-the-Counter Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% and 0.1%, the store-brand equivalent of Pataday®, the Eye Allergy Drop in the U.S. Market

Ashok Leyland receives an order for 1400 ICVs from Procure Box

PTC India Financial Services Ltd receives Rs. 115.57 crore IT refund

Thomas Cook India & SOTC partner with India's favourite storyteller Amar Chitra Katha

Shankar Lal Rampal Dye-Chem Ltd Board to consider Bonus Issue of Equity Shares

Dhanuka Agritech Ltd fixes Sep 28, 2020 as record date for buy-back

Sterling and Wilson Solar Limited declares financial results for quarter ending 30th June 2020

JMC secures new orders of Rs. 1,342 Crores

ABM Knowledgeware Ltd bags Rs 127.44 Crores order for SAP Technology Modernization

Titan Company with SBI launches India's first contactless payment watches

Bajaj Consumer Care Joins hand with IndiaMART, to enhance their digital presence in B2B market segment

ICICI Securities successfully closes ~INR 7,020 mm IPO of Happiest Minds Technologies Limited

The Bank of Bahrain and Kuwait goes live with iGTB's Contextual Digital Transaction Banking platform to support growth

HCL and Google Cloud Expand Partnership to Deliver Accelerated Business Intelligence Platform

CARE Ratings reaffirms 'CARE A-' rating with stable outlook for Jindal Stainless (Hisar) Limited







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019