Maruti, IHCL, Godrej Consumer are among Jefferies' top picks
Jefferies said the company's margins could jump to 31-32% for FY24-25 against 13% in FY22. "During Covid, IHCL has deployed several measures to contain its fixed cost and prune variable costs, and some of these are likely to be permanent."
Domestic PV sales may touch record level at nearly 4 mn units in 2022
Domestic passenger vehicle sales could touch a record level of nearly 40 lakh units this year on strong demand and companies finding ways to enhance production despite semiconductor shortage, a senior Maruti Suzuki India official said on Monday. Even as the chip shortage issue has improved compared to a year back, the industry is estimated to have a pending order of around 7.5 lakh units of passenger vehicles with Maruti Suzuki India (MSI) alone having around 4.18 lakh units, company Senior Executive Officer, Marketing and Sales, Shashank Srivastava told PTI here. "I think it would be slightly below 4 million (units mark). At the moment the projections are that in January-September, maybe we should be touching like 2.8 or 2.9 million," he said when asked about the sales prospects of passenger vehicles (PVs) in the domestic market in 2022. He further said,"In three months time, that is October, November, December - if we get let's say one million more, then we should be around that 3
MARUTI SUZUKI INDIA LTD. - 532500 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Vehicle sales grow 8% in Aug; Maruti Suzuki top PV seller with sales of over 1 lakh units: FADA
Passenger vehicle sales saw a yearly rise of 6.51 per cent from 2.57 lakh units in August 21 to 2.74 lakh units in the same period this year.
Maruti Suzuki to spread awareness about safety features: Senior official
Country's largest car maker Maruti Suzuki will spread awareness about the safety features and address the issues also through its driving schools, a senior company official said on Wednesday. After the tragic death of former Tata Sons chairman Cyrus Mistry in a road accident, Maruti will focus on the need to put on rear safety belts which had been made compulsory by regulation but very few riders adhere to it, the official said. "Wearing rear seat belts is compulsory by regulation but riders don't pay heed to it. In the case of front seat belts, only 23 per cent of the riders wear it. It is important to keep passive, active and behavioural safety measures in mind", senior executive director Maruti Suzuki Shashank Srivastava told reporters here. As a part of Maruti's CSR initiative, the company had installed speed cameras in Delhi. Maruti will take a drive to spread it to other cities, he added. Healthy order book, launches to help Maruti take the growth wheel
Market share, margin recovery remain key triggers for the stock, say brokerages MARUTI SUZUKI INDIA LTD. - 532500 - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Maruti Suzuki India Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here MARUTI SUZUKI INDIA LTD. - 532500 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Dear Sirs, The 41st Annual General Meeting ("AGM") of the Company was held, on Wednesday, the 31st August, 2022 at Air Force Auditorium, Subroto Park, New Delhi - 110010, for which the Company provided the e-Voting facility to its members. The members also voted through poll at the said AGM. Please find enclosed herewith the voting results (as per the format prescribed) under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the consolidated report of Scrutinizer on e-Voting and voting through poll at the Annual General Meeting. Kindly take the same on record.
Are Maruti Suzuki's shares factoring in a rosy scenario on volumes?
Maruti's declining market share in the PV segment due to its weak presence in the sport utility vehicle (SUV) space has weighed on investor sentiment in the past. In FY22, Maruti's market share stood at 43%, down from 48% in FY21