Maruti Suzuki net profit up 25 percent

September 1st, 2009 NEW DELHI - Passenger car leader Maruti Suzuki India Tuesday reported sales of 84,808 vehicles in August, registering a growth of 41.6 percent over that in the corresponding month last year. The sales include 14,847 units exported, Maruti said in a regulatory statement.

August 21st, 2009 ROHTAK - Passenger car manufacturer Maruti Suzuki Friday said it has been allotted 700 acres by the Haryana government for its proposed research and development (R&D) facility here. Maruti will invest Rs.1,000 crore in two phases over six years, it added.

August 21st, 2009 ROHTAK - Passenger car manufacturer Maruti Suzuki has been allotted 700 acres here by the Haryana government for its proposed research and development (R&D) facility. A land allotment agreement was signed by Maruti Suzuki managing director and chief executive Shinzo Nakanishi and Haryana State Industrial and Infrastructure Development Corp managing director Rajeev Arora here Friday.

August 1st, 2009 MUMBAI - India's largest car maker Maruti Suzuki Saturday reported a 33.4 percent increase in sales for July to 78,074 units compared to 58,543 units in the same month last year. Of these 10,546 cars were exported.

July 1st, 2009 NEW DELHI - Passenger car market leader Maruti Suzuki Wednesday reported a 22.6 percent surge in its sales in June, compared to the same month a year ago. The company sold 75,109 units, including export of 13,336 units, this June as compared to 61,247 in the same month last year, it said in a statement.

June 1st, 2009 NEW DELHI - Passenger car market leader Maruti Suzuki India Ltd Monday reported a 15.7 percent surge in its sales in May. The company sold 79,872 units, including 9,087 exported units, in May as compared to 69,001 in the same period last year, the company said in a regulatory statement.

May 19th, 2009 CHENNAI/KOLKATA - India's largest car maker Maruti Suzuki, with a turnover of almost Rs.20,500 crore, is hoping to nearly double its exports this fiscal and expand its footprint in the rural belt, officials said Tuesday. 'Our export target for the current year is 130,000 units that will include A-Star, Maruti 800, Estilo, and Swift models,' marketing and sales executive officer Mayank Pareek told reporters at the launch of the company's hatchback model Ritz in Chennai.

May 19th, 2009 CHENNAI - India's largest car maker Maruti Suzuki, with a turnover of almost Rs.20,500 crore, is hoping to nearly double its exports this fiscal, said a company official here Tuesday. 'Our export target for the current year is 130,000 units that will include A-Star, Maruti 800, Estilo, and Swift models,' marketing and sales executive officer Mayank Pareek told reporters at the launch of the company's hatchback model Ritz.

April 24th, 2009 NEW DELHI - India's largest car maker Maruti Suzuki has logged almost 30 percent decline in its net profit for 2008-09 despite recording the highest ever turnover in the company's 27-year history. The company's net profit for the fiscal stood at Rs.1,218.74 crore ($244 million), down 29.6 percent from Rs.1,730.82 crore in 2007-08, an official statement said Friday.

April 14th, 2009 GURGAON - Maruti-Suzuki Tuesday opened its new engine manufacturing facility in Gurgaon, where it will produce energy efficient 1,197cc K12M petrol engines. The four-cylinder engine, designed to deliver 85 ps of power, is the second aluminium engine being manufactured by Maruti in the country after the K10B, which is being used in the recently launched A-star.

March 2nd, 2009 NEW DELHI - Four-wheeler major Maruti Suzuki India sold 79,190 vehicles including exports in February, up 24.1 percent over the corresponding month in the last fiscal year, the company said Monday. The previous highest total sales - about 71,780 units - were registered in January this year.

January 28th, 2009 NEW DELHI - Auto major Maruti Suzuki Thursday reported 54.2 percent year-on-year dip in its net profit for the quarter ended Dec 31. The company posted net profit of Rs.2.13 billion (Rs.213.57 crore/$47.46 million) for the October-December period, down from Rs.4.67 billion a year ago.

January 26th, 2009 NEW DELHI - Auto major Maruti Suzuki India Tuesday raised prices of some models, including the recently launched A Star, by up to Rs.10,000. 'The introductory prices for the A Star, which was launched in November last year, were withdrawn.

December 31st, 2008 NEW DELHI - The government's move to reduce the Cenvat duty as part of the stimulus package announced early December does not seem to have brought cheers to the auto industry, with India's largest auto firm, Maruti Suzuki, registering a 10 percent negative growth in December. Data released by the company Thursday showed Maruti sold 56,293 vehicles last month, compared to 62,515 units sold in the same month in 2007.

December 25th, 2008 NEW DELHI - The country's leading passenger car maker, Maruti Suzuki, Friday announced it has started exporting A-star, its newly launched small car, to Europe. 'The dispatch of first consignment of A-star from Gurgaon railway station is a quantum leap for Maruti Suzuki towards the company's future as a small car manufacturing hub for Suzuki, Japan,' the company's managing executive officer (production), M.M.