6 stories mentioning NSE:MARUTIUpdated 18d ago
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Maruti Suzuki India (NSE:MARUTI, BOM:532500) launched a flex-fuel version of the Wagon R, which can operate on ethanol-petrol blends, according to a company statement on Thursday.The company said the model is India's first flex-fuel passenger vehicle.Flex-fuel vehicles are designed to run on varying ethanol-petrol blends, from E20 to E100, reducing dependency on conventional fuels, according to the filing.
Maruti Suzuki India's (NSE:MARUTI, BOM:532500) total sales rose to a record 242,688 units in May from 180,077 units a year earlier, marking its highest-ever monthly sales, according to a filing with the Indian stock exchanges on Monday.Domestic sales reached an all-time high of 200,774 units, up from 148,858 units in the corresponding month last year.Exports increased to 41,914 units from 31,219 units a year ago.
Maruti Suzuki India (NSE:MARUTI, BOM:532500) has begun commercial production at the 250,000 units per annum capacity second plant of its manufacturing facility at Kharkhoda in Haryana, India, according to a Monday filing to the Indian stock exchanges.In February, the car manufacturer started commercial production at the Kharkhoda unit's first plant with a capacity of 250,000 units per annum. Maruti Suzuki currently manufactures the compact sports utility vehicle (SUV) Brezza and mid-SUV Victoris at the facility.With the increase of Kharkhoda unit's capacity to 500,000, the company's total annual production capacity has increased to 2.65 million units.Once fully operational, the Kharkhoda facility is estimated to have a production capacity of around 1 million vehicles per annum.The company's shares were down nearly 2% in recent trade.
Maruti Suzuki India (NSE:MARUTI, BOM:532500) consolidated attributable profit declined to 36.6 billion Indian rupees in the fiscal fourth quarter ended March 31, against 39.1 billion rupees a year ago.Earnings per share contracted to 116.38 rupees compared with the year-ago figure of 124.40 rupees, according to a Tuesday filing to the Indian stock exchanges by the car manufacturer.The EPS was lower than the 129.42 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, jumped to 524.6 billion rupees from 409.2 billion rupees a year earlier. Analysts polled by Visible Alpha estimated 508.8 billion rupees.The board recommended a dividend of 140 rupees per share for the fiscal year ended March 31, compared with 135 rupees per share in the prior year.Shares of the company were down nearly 3% in after-market hours
