[SpideyBoy]

Suzuki boss: ‘Maintaining a 50 percent market share in India will be a big challenge’

Speaking at the 46th Tokyo Motor Show and commenting on the Indian passenger vehicle market, the company boss said: “The India market is very special to us. We will try to keep a 50 percent market share, but it will be a big challenge.”

For the April-September 2019 period, Maruti Suzuki India’s passenger vehicle (PV) market share has dipped a shade below the 50 percent mark and currently stands at 49.77 percent. In the first-half of FY2020, the carmaker sold a total of 6,63,522 PVs, down 27 percent year-on-year (YoY) (H1 FY2018: 9,08,801) – a performance which is reflective of the continuing downturn in the Indian PV market, down 24 percent YoY, and also the rising competition that now includes new brands like Kia and MG.

The Suzuki Motor Corporation chief suggested that having a 50 percent PV market share in a key market like India is unusual in the automobile industry, and holding onto this position is difficult for any vehicle manufacturer, particularly at a time when the industry worldwide is tackling technological disruptions and tepid customer buying.

Referring to a couple of carmakers in key global markets, Toshihiro Suzuki said: “GM in the US is maybe 16 percent, Volkswagen in Europe is in the same situation. So, I would like to keep a 50 percent share,” seemingly resigned to the fact that Maruti Suzuki India’s PV share could reduce from its present position, in the future.

Source: ACI

[damodar]

https://wap.business-standard.com/ar...0500680_1.html

[ashishskapoor]

Is it really outpacing the industry (May 2020 : Indian Car Sales Figures & Analysis)?
Not for long, I say. Here's the recent video I made - AN OPEN LETTER TO MARUTI SUZUKI.

https://www.youtube.com/watch?v=Lv3ZjpWwBbA

[volkman10]

Maruti Suzuki Q2 Results: Profit soars 4x to Rs 2,062 crore, beats estimates. Highest ever quarterly sales.

Sales in the domestic market stood at 454,200 units, while exports were at 63,195 units.

[volkman10]

Maruti Suzuki shows a good margin performance.

Average selling price (ASP) was up 2% q-o-q through improvement in model variant mix, and partial benefit from 2% price hike taken in Q1FY23.
MSIL lost production of 35k units in Q2FY23 due to chip shortage.
But with improving chip supply, new launches and steady retail demand, we are building-in 2mn and 2.25mn units in FY23 and FY24e.

Blended discounts were largely similar q-o-q at Rs 13.8k/unit, with a slight increase of Rs 1.1k/unit led by model mix shifting towards higher-discount models in Q2FY23.

- Total orderbook stands at 410k units; and this includes 130k for Brezza refresh and Grand Vitara. CNG variant in the orderbook stood at 130-140k units.

- Nearly 35% of Vitara bookings are for the strong hybrid variant. Brands having bigger boot space to fit CNG kit viz. Ertiga, WagonR are witnessing higher CNG share.

-Overall production in Q2FY23 was impacted by chip shortage to the tune of ~35k units, and with gradual improvement in the situation, MSIL is looking forward to ramp-up supplies.

- Gross Margin improvement was driven by a decline in input commodity basket rate

-Against peak capacity of 2.25mn units, expect MSIL to operate close to full capacity in FY24, with maximum addition coming in through de-bottle necking in Gurgaon by 0.1mn units during early FY24. New plant in Haryana would be ready with its first phase of 0.25mn units by early CY25.

-CNG models currently account for 20% of retails and demand continues to be robust. Nearly 66% of bookings for Ertiga, 88% for DZire Tour and 38% for Dzire are for CNG variant. Strong hybrid and CNG models would help MSIL take care of the emission aspect at portfolio level.



Link

[volkman10]

Maruti Suzuki Q3: Profit zooms 130% to Rs 2,391 crore, revenue up 25%. Beats all estimates.




Pending customer orders stood at about 3,63,000 vehicles at the end of this quarter out of which about 1,19,000 orders were for newly launched models.

reported 129.55 per cent jump in consolidated net profit for quarter ended December 2022 at Rs 2,391.5 crore. The profit was Rs 1,041.8 crore in the same quarter last year.

The total revenue from operations came in at Rs 29,057.5 crore, rising 24.96 percent from Rs 23,253.3 crore in the corresponding quarter a year ago

The company sold a total of 4,65,911 vehicles during the quarter, up 8.2 percent YoY. Sales in the domestic market were 4,03,929 units and exports were 61,982 units. This was against total sales of 430,668 units comprising 365,673 units in domestic and 64,995 units in export markets in the same period, previous year.

Shortage of electronic components impacted production by about 46,000 vehicles in this quarter.


Link

[volkman10]

Maruti-Suzuki sold its 25 millionth car on Jan 9. An incredible milestone achieved by the company that has truly put India on wheels.





Link

[Venkatesh]

Maruti Suzuki has crossed the 25 million cumulative sales milestone in India.

Press Release

[Venkatesh]

Maruti Suzuki sales in January 2023.

Maruti Suzuki India Limited sold a total of 172,535 units in January 2023. Total sales in the month include domestic sales of 151,367 units, sales to other OEM of 3,775 units and exports of 17,393 units.

[volkman10]

Maruti Suzuki approves 1 million units in fresh capacity, company crosses Rs 1 lakh crore in turnover for the first time ever.

Despite a production loss of 1.7 lakh units during FY23, the company posted its highest-ever volumes, turnover, and profits in FY23.

Given the expected rise in volumes on account of new SUVs and the potential of increased exports the company has in principle approved the capacity of 1 million units.

During the financial year 2023, Maruti Suzuki sold a total of 1,966,164 vehicles despite missing production of about 170,000 units due to a shortage of electronic components. This translated to a growth of 19 percent over FY 2021-22 sales volume of 1,652,653 vehicles. The sales volume in the year comprised 1,706,831 units in the domestic market and the highest-ever exports of 259,333 units.

During the period, the company registered net sales of Rs 1,12 lakh crore versus Rs 83,798 crore posted FY2021-22.

It recorded an operating profit of Rs 8,184 crore in FY-23 versus Rs 2,914 crore profits it registered for FY 2021-22. The company was able to better its operating profit on account of higher sales volume, improved realisation from the market, and favourable forex movement

Link

[volkman10]

Maruti Suzuki aims to grow by 15-16% in FY24, eyes output of 2.28 million.

the company is planning to increase its output by 15-16% to 2.278 million in the current financial year, over 1.96 million units it produced in FY23.

Maruti Suzuki, the country's largest carmaker is planning to grow at more than double the market growth in FY24, led by incremental sales coming from the new range of SUVs.
Maruti Suzuki is eying similar growth in domestic sales, to around 1.86 million units in FY24, thanks to the incremental sales it expects from the new range of SUVs. The exports are likely to grow at a pace close to 3 lakh units.

Maruti Suzuki is eying similar growth in domestic sales, to around 1.86 million units in FY24, thanks to the incremental sales it expects from the new range of SUVs. The exports are likely to grow at a pace close to 3 lakh units.

industry will grow 5-7% we still retain that forecast, Maruti will grow faster than the industry, how much faster, we are not specifying. We will grow faster due to new SUVs - Fronx and Jimny, which will be on roads this year and also the first full year volumes of Grand Vitara, this will propel our sales momentum.

The company was sitting on an order book of a little over 4 lakh units in April and it continues to face a shortage of semiconductor chips - which is leading to lower stock at dealerships and lower share.
Link

[Venkatesh]

Maruti Suzuki Production Volume: April 2023

[Venkatesh]

Maruti Suzuki Production Volume: May 2023

[Vandit]

Currently they just seem to be profiteering. Constant price hikes in the names of raw materials but in actual fact they're just pushing the limits of price elasticity and since the entire industry is following the trend, by raising the "floor" of the market, they're getting away with it

[volkman10]

Outpacing the industry in May sales - 7 Maruti models among 10 best-selling cars

The Baleno was the largest-selling car in May at 18,700 units. It was followed by the Swift at 17,300 units and the WagonR at 16,300 units.

Eeco posted impressive volumes at 12,800 units. Behind the popular van was the Dzire at 11,300 units

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