For the month of October 2023 the company's production increased by 13 percent to 1,76,437 units from 1,56,067 units in October 2022.

Several automakers in India, including Maruti Suzuki, Mahindra & Mahindra, and Audi India, have announced plans to increase the prices of their passenger vehicles in January 2024. Tata Motors and Mercedes-Benz India are also considering price hikes. The reasons cited include overall inflation and increased commodity rates, leading to cost pressures.

"We are considering a price hike across our passenger and electric vehicles in January 2024. The extent of the hike and exact details will be announced in a few weeks," a Tata Motors spokesperson said.

Maruti Suzuki, India's largest carmaker, has announced plans to raise prices across its range of vehicles in January 2024 due to inflationary pressures and increased commodity costs. The price increase will vary across models and the company has hiked vehicle prices twice this year.

Maruti Suzuki plans to increase its car prices in January 2024 due to rising commodity prices and inflation. The company aims to reduce costs and offset the increase, but may pass it on to the market. The price increase will vary across models, the company said in a stock exchange intimation.

The vehicles with two wheels in the front and one in the back will be produced at a 30,000-unit-a-year facility at Chakan, Maharashtra

According to global brokerage firm Jefferies, opinion polls and on-the-ground feedback suggest that the BJP's performance in the upcoming state elections may be better than initial expectations. The brokerage firm said it has reduced weight on NBFCs as the rate cut cycle seems to be at least six months away.

As per the valuation report issued by RBSA Valuation Advisors LLP, the Rs 10,420.85 price per share approved by Maruti Suzuki board is equivalent to Rs 12,841.1 crore in value terms.

"We add Coal India, Honasa, Eicher, NTPC, HDFC Bank and ICICI Pru Life at the cost of cash, Marico, Maruti, Power Grid," Mahesh Nandurkar of Jefferies said, adding that cash is being redeployed as key macro concerns of higher US yields, rising oil prices and near-term state election results have subsided. Maruti was replaced with Eicher because two-wheeler demand is expected to grow at a faster pace than passenger vehicles over the next 2 years.

Back in August, Maruti Suzuki said it would acquire parent Suzuki Motor's manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to customer needs in India.

On the revenue front, Tata Motors led the growth in the four-wheeler segment, with its consolidated sales rising about 37% year-on-year (YoY) in the six months ended September (H1).

Post the preferential issue of shares, Suzuki Motor Corporation's equity share in Maruti Suzuki will go up to 58.19 percent from 56.48 percent earlier.

Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.

Senior government officials in the know told ET Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India but New Delhi is not in favour of any company-specific exemptions.

Indian automakers, including Tata Motors and Mahindra & Mahindra, voice concerns over potential import duty cuts for luxury electric vehicles like Tesla. The government explores options, considering a temporary reduction. Industry players fear adverse effects on existing investments and market positions.

Subsidiary Reliance Jio Infocomm added 32.4 lakh users in August, and its wireless subscriber tally topped 44.57 crore, according to data released by telecom regulator TRAI.

In the dynamic world of stock markets, technical indicators play a crucial role in helping investors make informed decisions. One such indicator is the 50-day Simple Moving Average (SMA), a popular tool that provides insights into short-term price trends.

Brokerage Motilal Oswal has upgraded EPS estimates of nine Nifty stocks. The list includes state-run Coal India, auto major Maruti Suzuki and JSW Steel. Coal India topped the charts with an EPS upgrade of 18.1%. Others with over 5% upgrades include Maruti Suzuki (10.2%), JSW Steel (8.2%), Cipla (7%), Hero MotoCorp (6.9%) and Mahindra & Mahindra (5.3%).

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 315673.66 Crore) operating in Auto sector.

Indian automakers celebrated their most successful festive season to date, marking a remarkable 41% year-on-year surge in passenger vehicle (PV) sales during the three months spanning the festivals of Onam to Bhai Dooj.

On November 13, Monday, StockEdge set off the alarms with over 40 stocks experiencing a dip in Relative Strength Index (RSI). ETMarkets delves into the intricacies of RSI and spotlights 5 stocks navigating the downward RSI trajectory, unraveling why investors should pay heed to this critical indicator.

Automakers expect to close the year with sales of 4.10-4.17 million cars, utility vehicles and vans - 8-10% more than 2022 compared to the earlier estimate of about 0-6% growth - despite the high base of last year when sales had grown by 23% to 3.79 million units, several senior executives told ET. Better-than-expected demand for sports utility vehicles (SUVs) at the more premium end of the market is driving the sales, they said.

Viraj Vyas advises creating a non-directional spread in Nifty50 by selling 1 lot of 19,100PE and 1 lot of 19,500CE.

“Factories are becoming increasingly gender agnostic as they are facing a big talent shortage,” said Sumit Kumar, chief business officer of TeamLease Degree Apprenticeship. “India has a skill shortage of approximately 130-150 million people across various sectors,” he said. The uptick is largely driven by a boom in auto, EV, electronics and phone manufacturing, Kumar said.

Automobile manufacturers, consumer goods companies and appliance makers have observed growth in sales during Dhanteras and expect the trend to continue for the next three days. The manufacturers have reported a high double-digit growth during pre-Diwali Dhanteras sales, in comparison with the same period last year.

The business leader owns 3 SUVs; her first car was a white Maruti Zen with a stick shift that was a gift from her dad.

There are several car models available with minimal or no waiting periods. Skoda Kushaq, Hyundai Grand i10 Nios, Tata Tiago, Maruti Suzuki Jimny, and Renault Kwid are some of the models readily available. Each model offers unique features and specifications. Stay updated with the latest news in the automotive industry by following TOI Auto on our social media handles.

Demand for air purifiers in vehicles is rising amid worsening air quality in many cities. Demand is particularly strong in metros like Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Pune, which have comparatively higher levels of air pollution exacerbated by high vehicle emissions and construction activity.

First-time car buyers are increasingly opting for pre-owned cars. The rise in demand can be attributed to a change in government policies, leading to a preference for petrol cars over diesel. The average age of pre-owned car buyers is 32, and women now account for 32 percent of the demand. Popular models in the pre-owned market include Hyundai Grand i10, Maruti Suzuki Swift, and Renault Kwid.

Diwali is the time many people wait to go for big purchases. A car is one such aspirational product which is bought in great numbers around this festival. To cash on this high demand manufacturers and dealers try their best to come up with attractive discounts and deals to attract many prospective buyers. Here is a the list of deals and discounts you can get on buying a car around this Diwali.

Conversely, Tata Steel, UPL, and Tech Mahindra contributed adversely to Nifty earnings. For 2QFY24, Nifty stocks reported a sales/EBITDA/PBT/PAT growth of 5%/24%/31%/35% YoY.

The industry saw 24 CNG PV launches this fiscal as compared to 14 in FY 20. In the case of electric, there were 31 PV launches as compared to 7 models in FY20. Strong hybrids have also seen increased traction, with sales outpacing electric for the first time in last 2 months. Petrol model launches at 111 were lower by 21% and diesel at 54 down by 61%, according to Jato Dynamics.

Maruti Suzuki India aims to enhance production flexibility to align with market demand trends. The company plans to prioritize the production of high-selling utility vehicles while reducing the output of entry-level cars. This strategy is intended to address shifts in customer preferences and improve operational efficiency.

Hyundai Motor India Ltd (HMIL) is making significant progress toward achieving 60% of its domestic sales from SUVs this year, driven by models like Creta and the recently launched Exter, according to company COO Tarun Garg. The company is confident in sustaining its overseas shipment momentum, despite global geopolitical concerns, as exports have increased in the last three months.

For the September quarter, the company reported a net profit of Rs 3,716.5 crore, an 80 percent increase from the year-ago period.

The country's largest carmaker had dispatched 1,67,520 units in October 2022.

Maruti Suzuki India registered its highest-ever monthly sales in October, with 1,99,217 units sold, marking a 19% year-on-year growth. Domestic dispatches also reached a record high at 177,266 units, up 21% from the previous year. The company reported increased sales in various vehicle segments, with a notable 91% surge in utility vehicles.

“Some of these staples type names are very well positioned within India. There is obviously an excellent structural growth story with a lot of these names. I am assuming they will still maintain their investment in their brand distribution. Yes, globally, the whole staples names have been underperforming. It is a situation not just in India, but we are seeing it pretty much everywhere.”

Carmakers in India have reportedly delivered record numbers of vehicles to dealers in October in anticipation of robust demand. Estimates suggest they shipped between 380,000 and 385,000 cars during the month, outpacing the previous high of 362,000 cars in September, representing an annual growth of 13.5% to 14.5%.

Sharekhan is bullish on Maruti Suzuki India has recommended buy rating on the stock with a target price of Rs 12,257 in its research report dated October 27, 2023.

HDFC Securities is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 12,052 in its research report dated October 28, 2023.

Prabhudas Lilladher is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 12,485 in its research report dated October 28, 2023.

Motilal Oswal is bullish on Maruti Suzuki recommended buy rating on the stock with a target price of Rs 12,300 in its research report dated October 28, 2023.

Turning to Bank Nifty, it presents an intriguing scenario. The index slipped below the 200-Day DEMA and formed a bearish head and shoulder pattern. However, the recent low around 42,000 serves as a critical trendline support. If there's a market reversal from this point, Bank Nifty could lead the way due to short-covering and value-based buying. To the downside, 42,000 and 41,500 are important support levels to monitor.

Dealers believe that this year's festival season is expected to be record-breaking for PVs and 2Ws after two dull years since Covid.

Impressed by its margin beat, Macquarie, Motilal Oswal and Nuvama reiterated a buy view on the Maruti Suzuki shares while Nomura remained neutral evn as it increased its price target.

Stable growth in domestic passenger vechiles and a favourable product mix augur well for the company, says analysts. For the September quarter, Maruti Suzuki reported a net profit of Rs 3,716.5 crore, an 80 percent increase from the year-ago period.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 319017.69 Crore) operating in Auto sector.

The vibrant 'kaali-peeli' or black-and-yellow 'Premier Padmini' taxis, an enduring symbol of Mumbai's essence, exited the city's bustling streets. Their retirement coincided with the farewell to Mumbai's iconic red double-decker diesel buses operated by the BEST (Brihanmumbai Electric Supply and Transport) undertaking, as reported by TOI. These taxis, an integral part of Mumbai's heritage for decades, have driven their last mile.

“At least in the near term, largecaps are better placed than midcaps and smallcaps. While on a longer term basis, of course, there are many industries where being present in mid and smallcaps is possibly the only way to play the overall India growth story, but in the near term, valuations are stretched on a relative as well as absolute basis.”

A transport department official said the last Premier Padmini was registered as a black-and-yellow taxi at the Tardeo RTO, which has jurisdiction over the island city of Mumbai, on October 29, 2003. As the age limit for cabs in the city is 20 years, Mumbai officially won't have a Premier Padmini taxi from Monday onwards.

Maruti Suzuki India Ltd anticipates a stagnant domestic car market in the upcoming fiscal year due to a lack of revival in the small car segment, which is essential for growth, and this stagnation is expected to persist for the next two to three years. R.C. Bhargava, the Chairman of Maruti Suzuki India, expressed the industry's pessimism regarding industry's overall growth, primarily attributing it to the decline in the small car segment.

“It will vary from one company to another company. M&M has a completely different mix of products. M&M, of course, has a very large tractor portfolio and farm equipment portfolio, so that has a meaningful impact on revenues. We will have to wait and watch what exactly the auto companies report in terms of their overall numbers.”

Maruti said it recorded its highest-ever quarterly sales volume, net sales, and net profit in this quarter. While strong net sales in the reporting quarter were attributed to better sales volume and product mix, softening of commodity prices and cost reduction efforts contributed to robust profit growth.

Higher volume and a superior product mix drove the companys revenue up 24% to a record Rs35,535 crore against Rs28,543 crore in the same period last year. A Bloomberg average based on the forecast of 18 brokerages estimated the company to report a net profit of Rs3040.7 crore on a revenue of Rs 36,743.10 crore.

Auto analysts say the significant volume jump was largely due to new SUV rollouts as well as discounts for low-end car models during the second quarter

The profit was higher than the ET Now Poll estimate of Rs 3,095 crore. Revenue from operations during the second quarter increased 24% YoY to Rs 37,062 crore.

“The markets are definitely over-pessimist. Within a week, we are so heavily oversold that anything can trigger an upside now. I am very optimistic on both the indices, the Nifty and the Bank Nifty. I think they have been overdone in this sell off or profit booking in the mid caps. And mid caps, I think, will again retrace themselves after a little bit of consolidation.”

The rupee continued its downward trend for the third consecutive session to close 8 paise lower at 83.25 against the US dollar on Thursday, dragged down by massive selling in equity markets and strengthening American currency overseas.

Laxmi Organic reported net profit of Rs 10.7 crore for the quarter ended September. Revenue from operations stood at Rs 652 crore.

Maruti Suzuki Q2 Preview: Revenue for the quarter is likely to grow 25% year-on-year (YoY), according to an average estimate of five brokerages. Net profit, meanwhile, is seen rising 55% YoY. Maruti has reported a volume growth of 7% during the quarter, aided by higher sales in the SUV segment.

Maruti could manage to sell a higher number of sports utility vehicles, which will lead to an improvement in the mix.

Toyota Motor Corporation is looking to enhance its manufacturing capacity in India as the demand for automobiles, especially higher segment cars, has surged in the country post-Covid. The automaker, which operates two plants in India, is considering setting up a third plant to meet the increased demand.

India's auto industry has seen a huge jump of 20% over the past 72 days of the festival season, which started on August 17. Around seven lakh cars were sold, with Maruti Suzuki selling 3.1 lakh.

Suzuki Motor Corporation is developing region-specific clean mobility solutions, including compressed biomethane gas (CBG) and alternate fuel driven vehicles, to reduce fuel consumption and vehicular emissions. The company believes that electric vehicles alone cannot achieve governments' objective of moving towards carbon neutrality.

“Today almost 25% of our products are CNG and about 15% of the industry now is CNG as compared with about 17.5% for diesel. Yes, EV is also separate, currently at around 2.4% of the industry. Yes, there would be support for EV and in the intermediate period before EVs become mainstream, you would find support continuing for hybrid and CNG as well.”

The first phase accounts for 40-50% of total festive sales. The second phase begins a week before Diwali, which is on November 12 this year. This surge reflects a revival in consumer sentiment, which has been subdued for over a year.

Mohalla Tech saw an almost threefold increase in ad revenue in 2021-22 to ₹212 crore. The company, whose revenue more than quadrupled to ₹347 crore and losses increased 2.3 times to ₹2,988 crore, is attempting to reduce cash burn and increase monetisation.

The shortage of lithium-ion batteries in India has raised concerns among electric vehicle (EV) buyers. The country heavily relies on imported lithium, which drives up the cost of EV production. However, metal-air batteries, which use oxygen from the atmosphere and metals like zinc and aluminum, offer a lightweight and budget-friendly alternative. Metal-air technology could revolutionize the EV industry by providing a longer range than lithium batteries.

Investors are advised to adopt a cautious approach due to uncertainties in the financial markets. Nifty and Bank Nifty experienced a correction, along with global markets, as concerns over the Israel-Hamas crisis and US Fed Chairman Powell's speech weighed on the markets. Next week, investors will watch out for the US Fed Chairman's speech, ECB rate decision, US GDP estimates, and the quarterly earnings of major companies. Midcap and small-cap stocks have performed well, but investors should be selective and consider booking profits. Volatility may increase in the future.

Five people, including a child, were killed after a van was hit by an unidentified vehicle on the Yamuna Expressway (YXP) in Greater Noida on Saturday. Three other passengers, all minors, in the Maruti Eeco were injured in the incident and have been hospitalised.

The robust financial performance came even as volumes have still to reach the peak of the pre-Covid year of FY19. In FY23, the local arm of the German luxury carmaker sold 16,497 vehicles, a 38% increase from the previous year, but lower than the 18,211 vehicles sold in FY19, according to the company's filing with the corporate affairs ministry.

The fall in sales of small cars and the rise in SUV sales may not be only due to Indians now ditching small cars and preferring to buy SUVs. Due to several factors, carmakers are focusing more on SUVs, making them affordable even if they have to downsize them in different respects, just as small-car segment crumbles under stress.

In a step to make India its global electric car manufacturing hub, Suzuki will also consider supplying India-made EVs to partner Toyota Motor for European markets, the Nikkei said.

High-weightage financials lost 1.3%. Bajaj Finance shed as much as 2.85% and was the top Nifty50 loser. Bajaj Finserv also declined over 2%.Nifty Bank also fell 1.2%. Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Kotak Bank plunged 1-1.5%.