Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

India's leading car manufacturer, <keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> is bullish about the new Maruti Ciaz - its latest mid-sized sedan for the country. Maruti had unveiled the concept version of the Ciaz earlier this year at the 2014 <keyword id="73154" type="PERSON" weightage="20" keywordseo="Auto-Expo">Auto Expo</keyword> and as these first undisguised pictures suggest the production version of the Maruti <keyword id="6911" type="CITY" weightage="20" keywordseo="suzuki">Suzuki</keyword> Ciaz looks like a promising sedan.
 The company has been struggling to have a successful run with its sedan models above the <keyword id="484565" type="UNKNOWN" weightage="20" keywordseo="Maruti-Dzire">Maruti DZire</keyword>, while arch rival <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword> has hit the sweet spot with Indian car buyers with its sedans like the Hyundai Verna and Hyundai Elantra. But, this time around Maruti Suzuki is taking no chances as the Ciaz appears to have most things working in its favour as of now.

	Recently, a bunch of production ready Maruti Suzuki Ciaz were caught resting their heels in the company's Manesar manufacturing facility in Haryana. The company is working on a war footing to meet the scheduled launch of the Ciaz by second half of September 2014.
 Design wise the new Maruti Suzuki Ciaz strikes a good balance between the last generation SX4 and the Kizashi luxury sedan. The four slat chrome grille features a large Suzuki logo, while the headlight design is very distinct in the segment and is expected to feature projector lamps as standard fitment. The multi-layered bootlid design and shape of the taillight makes the Ciaz resemble the new <keyword id="31353" type="COMPANY" weightage="20" keywordseo="Honda-city">Honda City</keyword>'s rear end quite a bit.

	The interiors are inspired by the more premium Maruti Kizashi and would feature a two-tone dashboard with integrated entertainment system, steering wheel mounted audio controls, electric OVRMs and AC vents even for rear seat passengers among others.

	Optional features could include 5-inch display for the infotainment system, reverse parking camera, ABS, 16-inch alloy wheels, climate control air-conditioning, additional airbags and push button start to name a few.
 Pricing of the Maruti Suzuki Ciaz would be on par to the <keyword id="20630" type="CITY" weightage="20" keywordseo="Honda">Honda</keyword> City and Hyundai Verna and is expected to start from Rs 7.5 lakh onwards

Maruti Suzuki Ciaz production begins

Automaker <keyword id="19909974" type="General" weightage="20" keywordseo="maruti-suzuki" source="keywords">Maruti Suzuki</keyword> lndia has invested about Rs 1.99 crore in <keyword id="21061376" type="General" weightage="20" keywordseo="amlgo-labs-private-limited" source="keywords">Amlgo Labs Private Limited</keyword>, a technology-led startup. The startup operates in the area of data analytics, cloud engineering, machine learning (ML) and artificial intelligence (Al), to assist companies in data driven decision making. With this, Maruti Suzuki will own an equity stake of over 6.44 per cent in the startup, the automaker informed stock exchanges on Saturday. The investment is being made through the Maruti Suzuki lnnovation Fund, an initiative to undertake strategic investments in startups which exhibit high levels of technological innovation. This is the second such investment by the company. Earlier, the company invested in <keyword id="21061374" type="General" weightage="20" keywordseo="sociograph-solutions-private-limited" source="keywords">Sociograph Solutions Private Limited</keyword>, specialised in AI, in June 2022. "We have been working with startups since 2019, as a part of the Maruti Suzuki lnnovation Program. Aligned with the government's Start Up India initiative, we are actively working to help strengthen the startup ecosystem and encourage innovation to develop solutions relevant to the automobile industry," HisashiTakeuchi, Managing Director and CEO, Maruti Suzuki India. "Our investment in Amlgo Labs Private Limited will help us to further strengthen quality of new models, using advanced analytics and machine learning," Takeuchi added. According to <keyword id="20693796" type="General" weightage="20" keywordseo="ajay-yadav" source="keywords">Ajay Yadav</keyword>, Founder, Amlgo Labs Private Limited said, "Our collaboration with Maruti Suzuki has proven to be fruitful, helping our company augment and scale up operations. Combining our expertise in Data Analytics, Machine Learning and Artificial Intelligence based solutions, with mentorship and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering." Started its journey in July 2017, the startup firm has offices in Gurugram and Bengaluru in lndia and Delaware in the US. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank">OnePlus 12 review: A feature-packed device with promising battery back-up</a><a href="https://www.businessinsider.in/business/auto/news/jsw-group-and-saic-motors-jv-jsw-mg-motor-india-set-to-up-production-to-3-lakh-vehicles-a-year-with-a-new-car-every-3-6-months/articleshow/108647799.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/jsw-group-and-saic-motors-jv-jsw-mg-motor-india-set-to-up-production-to-3-lakh-vehicles-a-year-with-a-new-car-every-3-6-months/articleshow/108647799.cms" target="_blank">JSW Group and SAIC Motor’s JV ‘JSW MG Motor India’ set to up production to 3 lakh vehicles a year with a new car every 3-6 months</a><a href="https://www.businessinsider.in/tech/news/asus-rog-strix-scar-16-review/articleshow/108514221.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/asus-rog-strix-scar-16-review/articleshow/108514221.cms" target="_blank">Asus ROG Strix Scar 16 review – powerful gaming laptop with a cool design</a>

Maruti Suzuki invests in machine learning, artificial intelligence startup Amlgo Labs

Shares of <keyword id="19931193" type="General" weightage="100" keywordseo="Maruti-Suzuki-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki India" meta.hostid="261" meta.entityid="Maruti Suzuki India">Maruti Suzuki India</keyword> jumped more than 2 per cent on Thursday in the morning trade after the homegrown automobile major reported a 47 per cent jump in net profit to Rs 3,650 crore for the June quarter. The stock of the company climbed 2.30 per cent to trade at Rs 13,417.05 apiece on the NSE. On the BSE, it rose 2.06 per cent to trade at Rs 13,439.55 per piece. Later, in the intra-day trade, the shares of the Gurugram-based automobile major advanced to hit a 52-week high of Rs 13,680 and 13,675 apiece on the NSE and BSE. In the morning trade, the company's market valuation also rose by Rs 15,941.78 crore to Rs 4.29 lakh crore on the BSE while it stood at Rs 4.30 lakh crore on the NSE. The 30-share BSE Sensex jumped 127 points or 0.16 per cent to trade at 81,868.34 while NSE Nifty went up 61.40 points or 0.25 per cent to 25,012.55. In a regulatory filing on Wednesday, <keyword id="44883" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="Orion">Maruti Suzuki</keyword> India reported a 47 per cent jump in net profit to Rs 3,650 crore for June quarter, riding on the back of cost reduction efforts, favourable commodity prices and foreign exchange gains. The auto major had logged a net profit of Rs 2,485 crore in April-June FY24. Net sales increased to Rs 33,875 crore in the June quarter as compared with Rs 30,845 crore in the year-ago period, the company said. The country's largest carmaker said it sold 5,21,868 vehicles during the first quarter, up 5 per cent as compared to the same period previous fiscal. The company said it sold 4,51,308 units in the domestic market in the first quarter, an increase of 4 per cent over the same period of FY24.

Maruti Suzuki India stock hits 52-week high after robust Q1 results

NEW DELHI: <keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> India Ltd (MSIL) has appointed two local investment bankers — Kotak Mahindra Capital and Axis Capital — as the company seeks to persuade minority investors to back a controversial plan that calls for the carmaker's proposed Gujarat factory to be set up by parent <keyword id="200508" type="COMPANY" weightage="20" keywordseo="Suzuki-Motor-Corp-">Suzuki Motor Corp.</keyword> 
 Maruti <keyword id="6911" type="CITY" weightage="20" keywordseo="suzuki">Suzuki</keyword>'s manufacturing will be contracted to the plant in a practice that some experts say is unusual for the industry. The move has been opposed by some shareholders who believe it will undermine the Indian unit and divert income to the parent. 
 
Maruti Suzuki is seeking minority shareholder approval under Section 188 of the Companies Act for the special resolution related to the plan. It needs the support of at least three-fourths of its public shareholders to get the proposal passed, which in effect means a bloc with an 11% stake can block the resolution. 
 <keyword id="111052" type="CITY" weightage="20" keywordseo="Suzuki-Motor">Suzuki Motor</keyword> owns a 56.21% stake in MSIL, with the rest being held by the public. The investment bankers won't have any role in trying to sway investors, a Maruti Suzuki spokesperson said by email. They "have not been appointed to convince the institutional investors — domestic or foreign — to vote in favour of the Gujarat project structure," he said. That's being done by a Maruti Suzuki team led by chairman RC Bhargava and managing director and CEO Kenichi Ayukawa, he said. 
 
"The investment bankers are required to identify the investors in various parts of the world, arrange the meetings with them and the necessary logistical support. They are also involved in discussions with MSIL in finalizing the presentations and strategy for the discussions," he said. 
 
The margin of victory needed to get the plan approved came in for some questioning. "The new law requires that the proposal be passed by a special resolution. It is not clear why 26% of minority shareholders should be able to override 74% of minority shareholders in a vote where the promoter is not voting," the spokesperson said. 
 
After strong concerns were raised by domestic institutional investors over the issue, all eyes are now on Life Insurance Corp. (LIC) of India that owns a 6.63% stake in Maruti Suzuki. Domestic mutual funds, which together own a 6.16% stake in Maruti Suzuki, have already opposed the plan. 
 
In case LIC joins hands with them, the combined holding of those against the move would cross 12%, enough to block the resolution. "Given the stance taken by LIC in the case of Cairn India depositing $1.25 billion (Rs 7,500 crore) with its parent Sesa Sterlite, there is all likelihood that the largest Indian institutional investor is likely to oppose the proposal," said the head of one of the mutual funds. 
 
Maruti Suzuki pointed out that the objections by the domestic funds predate changes to the plan. "The letter was written before the March modifications to the original structure," the spokesperson said. "After the March modifications, no one has written to us conveying any concerns about the proposal." 
 
A senior LIC official, who didn't want to be named, said, "LIC has always worked to protect the interests of investors and this case will not be any different." Some believe the state-owned insurer may not oppose the plan. "The feedback we have received that it would support the proposed structure," said another mutual fund head. 
 Incidentally, Suzuki Motor chairman Osamu Suzuki met Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> last week. Mutual fund representatives said the appointment of investment bankers is also aimed at gauging the pulse of investors. In case they're not able to convince more than three-fourths of public shareholders, Maruti Suzuki may revisit its plan to seek shareholder approval. 
 
The next annual general meeting is set for September 4, but the proposal is not on the agenda. "We would not be ready for the vote on this matter by September 4, as we would not have completed our meetings with all investors in India and abroad," said the spokesperson. 
 
The resolution will be taken up at a later time. "The company plans to have a separate shareholders' meeting sometime later this year, which will be contingent upon the ongoing exercise to bring large investors on its side," said a fund manager. 
 
If the Maruti Suzuki plan goes ahead, it could set a precedent. Many promoters of listed companies would prefer to follow the same route that will result in destroying shareholder value, said a senior executive at an insurance company. 
 
"This opens up the door to every single promoter converting their listed company into a marketing arm. Will they now set up manufacturing outfits as 100% owned entities that sell through the listed company?" said Amit Tandon, CEO of Institutional Investor Advisory Services. "On what basis will companies be valued? And where does this end?" 
 
In March, a group of 19 leading domestic institutional investors that includes HDFC Mutual Fund, Birla Sun Life, ICICI Prudential, Reliance Mutual Fund, UTI SBI Mutual Fund and Axis Bank Mutual Fund among others wrote to Maruti Suzuki raising serious concern over the transaction. 
 
"As a policy, we don't comment on market rumours or speculations, hence we would not like to comment on this," said an Axis Bank official. Kotak did not reply to ET's queries. Under the proposed transaction, Suzuki Motor plans to set up the Gujarat project as part of its whollyowned subsidiary, Suzuki Motor Gujarat Pvt (SMG), which in turn will enter into an exclusive long-term contract manufacturing agreement with Maruti Suzuki. 
 
The contract manufacturing agreement would initially be for 15 years and will be automatically extended for a further 15 unless the parties mutually agree to terminate it. 
 
Maruti Suzuki said this would allow it to save on the investment required for setting up the plant to the extent of the equity investment made by Suzuki Motor in SMG. However, the fund managers said Maruti Suzuki is a debt-free company with cash and investments worth Rs 8,000 crore, which earns less than 10% annually, compared with the 20% return on equity. 
 
"Why should idle money not be invested in equity with clear visibility of business," said a fund manager. Maruti Suzuki is confident of gaining the support of stakeholders. "We believe that the financial benefits to minority shareholders are so obvious and large, that the vote would support the proposed structure," the spokesperson said.

Maruti Hires Investment Bankers To Help It Win Investors Nod For Suzuki Plan

<keyword id="19994372" type="General" weightage="20" keywordseo="maruti-suzuki-india-limited" source="keywords">Maruti Suzuki India Limited</keyword> (MSIL) has introduced a new variant of its popular hatchback, the <keyword id="23141056" type="General" weightage="20" keywordseo="epic-new-swift" source="Orion">Epic New Swift</keyword>, offering an S-CNG model that promises to set a new benchmark in fuel efficiency. With a claimed mileage of 32.85 km per kg, this variant promises to be the most fuel-efficient premium hatchback in its segment, according to the automaker. <h2><keyword id="19909974" type="General" weightage="100" keywordseo="maruti-suzuki" source="keywords">Maruti Suzuki</keyword>'s Epic New <keyword id="23141055" type="General" weightage="20" keywordseo="swift-s-cng" source="keywords">Swift S-CNG</keyword> launched</h2>The launch of the Swift S-CNG marks another step in Maruti Suzuki's commitment to providing greener mobility solutions. As the demand for eco-friendly vehicles continues to rise, the automaker has expanded its Swift S-CNG lineup to three variants: V, V(O), and Z, offering customers more choices. Each variant comes equipped with a 5-speed manual transmission, and their ex-showroom prices are set at Rs 819,500, Rs 846,500, and Rs 919,500, respectively. Maruti Suzuki has been at the forefront of the CNG vehicle segment in India since 2010. Over the years, it has sold more than 2 million S-CNG vehicles, making it a leader in the industry. Partho Banerjee, Senior Executive Officer of Marketing and Sales at Maruti Suzuki India Limited, talked about the company’s achievements and said, “Our S-CNG technology has democratized green mobility solutions, and we are proud to offer the widest range of 14 S-CNG powered vehicles across all body styles.” The automaker’s CNG vehicle sales have witnessed significant growth, with a 46.8% increase in the passenger vehicle category during the 2023-24 financial year compared to the previous year. Additionally, since 2010, Maruti Suzuki has maintained a compound annual growth rate (CAGR) of around 28% in its CNG sales, underlining the strong demand for eco-friendly vehicles in India. <h2>Swift S-CNG features </h2> The new Swift S-CNG not only promises to offer best-in-segment fuel efficiency but also packs a range of features designed to enhance the driving experience. It comes equipped with six airbags for enhanced safety, automatic climate control, a rear AC vent, and a wireless charger. The vehicle also boasts a 17.78 cm (7-inch) Smart Play Pro infotainment system with <keyword id="20518583" type="General" weightage="20" keywordseo="suzuki-connect" source="keywords">Suzuki Connect</keyword>, offering a connected and feature-rich driving experience. Maruti Suzuki also offers the Swift S-CNG through its subscription program, Maruti Suzuki Subscribe, at a monthly fee starting from Rs 21,628. This option provides a hassle-free way to drive a new car without the need for outright ownership. The subscription fee covers the cost of registration, service and maintenance, insurance, and roadside assistance, allowing customers to enjoy the benefits of driving a new car with minimal worries. (With ANI inputs)

You Searched For "maruti" and got 5 results

Maruti Suzuki Ciaz production begins

ET Auto

Maruti Suzuki invests in machine learning, artificial intelligence startup Amlgo Labs

ANI

Maruti Suzuki India stock hits 52-week high after robust Q1 results

PTI

Maruti Hires Investment Bankers To Help It Win Investors Nod For Suzuki Plan

Times Of India

Maruti Suzuki's Epic New Swift S-CNG launched, price starts from Rs 8,19,500

BI India Bureau

Popular Keywords

Buying Guides