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Maruti Suzuki India Posts June-Quarter Loss
Maruti Suzuki India Says Co To Proactively Recall 134,885 Units Of WagonR And Baleno
Maruti Suzuki India Ltd - Total June 2020 Production At 50,742 Units
Maruti Suzuki India Limited is a holding company. The Company is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the Company comprise facilitation of pre-owned car sales, fleet management and car financing. Its geographical segments include the domestic segment, which includes sales to customers located in India, and the overseas segment, which includes sales to customers located outside India. The Company's product portfolio includes Alto 800, Alto K10, Wagon R, Celerio, Ritz, Swift, DZire, Ertiga, Omni, Eeco, Gypsy and Ciaz. Its service offerings include Maruti Finance, True Value, Maruti Genuine Parts, Maruti Genuine Accessories, Maruti Suzuki Auto Card and Maruti Driving School. It has approximately five plants, located in Palam Gurgaon Road, Gurgaon, Haryana, and at Manesar Industrial Town, Gurgaon, Haryana, with an installed capacity of over 1.5 million vehicles per year.
Auto & Truck Manufacturers
1, Nelson Mandela Road,, Vasant Kunj,
Ravindra Chandra Bhargava
Non-Executive Chairman of the Board
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer, Member of the Executive Board - Finance, Corporate Planning, Company Secretarial, Legal, Internal Audit
Vice President, Company Secretary
Senior Executive Officer - Engineering, Quality Assurance, Member of the Executive Board
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Maruti Suzuki India Ltd reported a quarterly loss for the first time since its listing in 2003, as the coronavirus lockdown and supply chain disruptions sapped demand for the country's biggest automaker.
Maruti Suzuki India Ltd posted a quarterly loss for the first time in at least 15 years on Wednesday, as the country's largest automaker's production and sales were hit due to coronavirus lockdowns and supply chain disruptions.
Maruti Suzuki India Ltd Chairman R.C. Bhargava:
Maruti Suzuki India on Friday reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus.
* MARUTI SUZUKI INDIA LTD -ZERO SALES IN DOMESTIC MARKET, (INCLUDING SALES TO OEM), IN APRIL 2020 Source text for Eikon: Further company coverage:
* MOBILIZES PRODUCTION OF VENTILATORS, MASKS AND PPE TO SUPPORT INDIA'S PREPARATION AGAINST COVID-19- STATEMENT
Maruti Suzuki India Ltd reported lower-than-expected third-quarter profit on Tuesday as the country's biggest carmaker spent more on promotions during a wider industry slowdown.
Maruti Suzuki India Ltd reported a rise in third-quarter profit on Tuesday, as the car maker sold more vehicles.
Maruti Suzuki India reported a 39% slump in quarterly profit on Thursday, ahead of the crucial festive season, as the country's biggest carmaker by market value struggled with a slowdown in Asia's third-largest economy.
Maruti Suzuki India Ltd said on Thursday its net profit for the second quarter fell over 39% from a year ago, amid a sluggish economy that has hit demand across sectors.
India's biggest automaker, Maruti Suzuki India Ltd, expects sales of its cars in September to be higher than the previous month, its Chairman R.C. Bhargava told Reuters on Monday.
Maruti Suzuki India Ltd Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.
Maruti Suzuki India Ltd said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between Nov. 15, 2018 and Aug. 12, 2019.
India's biggest automaker, Maruti Suzuki India Ltd <MRTI.NS>, said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia's third largest economy.
* Expenses drop 6% from a year ago (Adds details on cost cuts, industry background)
Maruti Suzuki India Ltd posted a 27.3% fall in first-quarter net profit on Friday, hurt by industry-wide weak demand as the country's economy struggles to pick up pace.
* Co to stop making diesel cars as stricter emission norms kick in
Maruti Suzuki India Ltd on Thursday posted a 4.6 percent fall in fourth-quarter net profit, hurt by industry-wide weak demand.
Indian shares ended lower for a third straight session on Tuesday, erasing gains in morning trade, hurt by declining financial shares such as HDFC Bank and automobile stocks such as Maruti Suzuki India .
Indian shares ended largely flat on Friday triggered by a worsening global growth outlook, and as losses in financial stocks such as Kotak Mahindra Bank Ltd offset gains in Maruti Suzuki India Ltd.
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