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New Delhi, Automobile major <keyword id="6365618" type="DOMAIN" weightage="20" keywordseo="maruti-suzuki-india">Maruti Suzuki India</keyword> has commenced export of Suzuki's compact off-roader Jimny from India. Accordingly, the first shipment of 184 units left from <keyword id="46519" type="DOMAIN" weightage="20" keywordseo="Mundra-Port">Mundra port</keyword> to Latin American countries such as Columbia and Peru. Besides, the three-door <keyword id="6610627" type="PERSON" weightage="20" keywordseo="suzuki-jimny">Suzuki Jimny</keyword> will also be exported to the Middle East and African markets from India, the company said on Wednesday. The current generation of Jimny was launched in 2018 by <keyword id="100743" type="COMPANY" weightage="20" keywordseo="Suzuki-Motor-Corporation">Suzuki Motor Corporation</keyword> in Japan. The all-terrain vehicle has a legacy of over 50 years, catering to customers worldwide. According to the company, with India as a production base for Jimny, Suzuki aims to leverage <keyword id="44883" type="DOMAIN" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword>'s global production stature. The company pointed out that there is a large customer demand worldwide well beyond Suzuki Japan capacity for this model and the Indian manufacturing will supplement capacity to meet this global demand. "Jimny manufactured at Maruti Suzuki's Gurugram plant shares the same specification as the export models produced at the Suzuki Motor Corporation's Kosai plant in Japan," said Kenichi Ayukawa, Managing Director &amp; CEO, Maruti Suzuki India. "We are confident with Jimny we will be able to enhance our overall exports." SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/why-indigo-paints-1000-crore-ipo-is-a-hit-even-before-it-opened-for-subscription/articleshow/80357759.cms?upcache=2">Indigo Paints’ ₹1,000 crore IPO is a hit even before it opened⁠ for subscription— here’s why</a> <a href="https://www.businessinsider.in/international/news/jack-ma-the-billionaire-founder-of-alibaba-and-ant-group-resurfaced-after-he-went-missing-in-china/articleshow/80360004.cms">Jack Ma resurfaces – Alibaba founder makes his first public appearance after he was feared to be “missing” for nearly two months</a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphone-deals-and-discount-on-amazon-great-republic-day-sale/articleshow/80358909.cms">Best smartphone deals and offers on Amazon Great Republic Day Sale</a>

Maruti begins the export of its 'made in India' compact off-roader SUV Jimny

This Japanese customization company helps turn the Suzuki Jimny into a miniature version of some of the world's most iconic off-roaders

<ul class="summary-list"><li>Thanks to a series of kits from Japanese company DAMD, owners of the Suzuki Jimny - a little off-roader not sold in the US - can transform their SUV to resemble a variety of legendary vehicles. </li><li>The kits turn a standard Jimny into a fun-sized version of the Ford Bronco, Land Rover Defender, or Mercedes G-Wagen. </li><li>They cost roughly $5,100 to $8,500 for a full kit. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>The Suzuki Jimny is, arguably, one of the most lovable off-roaders on the market today. It's boxy, good looking, capable, and compact - and it's a darn shame that it's not sold in the US. That stings especially hard, since Japanese company <a href="https://www.damd.co.jp/products/suzuki/">Dream Automotive Design and Development</a>, otherwise known as DAMD, is selling kits that help people turn their Jimnys into adorable, miniature versions of the Ford Bronco, Land Rover Defender, and Mercedes-Benz G-Wagen. Check out some of DAMD's offerings below, and make note of the kit you'll order once the current-generation Jimny becomes legal to import to the US <a href="https://one.nhtsa.gov/cars/rules/import/FAQ%20Site/pages/page2.html#Anchor-28852">in 2043</a>.

Automobile <keyword id="6365618" type="DOMAIN" weightage="20" keywordseo="maruti-suzuki-india">Maruti Suzuki India</keyword> on Saturday said it has accomplished two million (20 lakh) vehicle <keyword id="35090" type="COMPANY" weightage="20" keywordseo="exports">exports</keyword>. Accordingly, <keyword id="44883" type="DOMAIN" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> commenced export of vehicles in FY1986-87. The company's first large consignment of 500 cars was shipped to Hungary in September 1987. In FY2012-13, the Company achieved the milestone of one-million exports. "In the first million, more than 50 per cent of exports were undertaken to developed markets in Europe," the company said in a statement. According to the statement, Maruti <keyword id="6911" type="DOMAIN" weightage="20" keywordseo="suzuki">Suzuki</keyword> achieved the subsequent million in over eight years with special focus on emerging markets in Latin America, Africa and Asia regions. "With concerted efforts, the Company has been able to gain sizeable share in markets like Chile, Indonesia, South Africa and Sri Lanka. Models such as Alto, Baleno, <keyword id="20080" type="PERSON" weightage="20" keywordseo="dzire">Dzire</keyword> and <keyword id="6360068" type="COMPANY" weightage="20" keywordseo="swift">Swift</keyword> have emerged as popular choices in these markets." Currently, we export 14 models, nearly 150 variants, to over 100 countries. In January this year, the Company started <keyword id="22637" type="COMPANY" weightage="20" keywordseo="production">production</keyword> and export of Suzuki's celebrated compact off-roader Jimny from <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>. "With India as a production base for Jimny, Suzuki aims to leverage Maruti Suzuki's global production stature." SEE ALSO: <a href="https://www.businessinsider.in/india/news/bharat-bandh-over-eight-crore-traders-across-india-shut-shop-in-protest-against-rising-fuel-prices-and-changes-in-gst-rules/articleshow/81223361.cms">Bharat Bandh – over eight crore traders across India shut shop in protest against rising fuel prices and changes in GST rules</a> <a href="https://www.businessinsider.in/finance/banks/news/ignore-low-cibil-score-for-street-vendor-loans-work-on-holidays-and-other-diktats-from-indian-government-to-banks-rushing-to-meet-march-target/articleshow/81223572.cms">EXCLUSIVE: Ignore low CIBIL score for street vendor loans, work on holidays, and other diktats from Indian government to banks rushing to meet March target</a> <a href="https://www.businessinsider.in/india/news/india-now-allows-you-to-avail-a-discount-on-flight-ticket-if-you-are-not-carrying-a-check-in-baggage/articleshow/81225977.cms">India now allows you to avail a discount on flight ticket if you are not carrying a check-in baggage</a>

Maruti Suzuki completes two million vehicle exports since 1986-87

<ul><li><keyword id="44883" type="General" weightage="20" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword>’s market share dropped below the 50% mark in FY22, as its SUV penetration lingered at 12%.</li><li><keyword id="6912" type="General" weightage="20" keywordseo="Maruti" source="Orion">Maruti</keyword> Suzuki is expected to gradually regain their lost market share with its healthy utility vehicle pipeline</li><li>The company’s management also aims to sell up to 3.5 million units in the fiscal year 2023.</li></ul>The strong economic recovery anticipated this year has brought some good news for automobile company Maruti Suzuki, which has a strong pipeline set for new launches this year. According to a recent report by HDFC Securities, Maruti Suzuki is expected to gradually regain their lost market share with its healthy utility vehicle (UV) pipeline. The brokerage firm has advised investors to add more stocks of Maruti Suzuki to their portfolio, keeping a target price of ₹8,412. “A gradual recovery in the economy is expected to restore discretionary consumption for the middle to low income class and Maruti Suzuki is expected to be the key beneficiary,” the report added. Maruti Suzuki — one of the biggest automobile manufacturers in India that produced Alto, WagonR, Swift and others — had a market share of nearly half to almost 97% in almost all segments of passenger vehicles. However, its limited presence in the sport utility vehicle (SUV) segment — and the growing interest in this segment — ate into its total market share. The company only has 12% penetration in the SUV segment, which pulled down its total market share to 43% in FY2022. The company’s market share stood at 53.16% in FY2020 and 51% in FY2021, once again representing a drop in annual basis. Maruti Suzuki now plans to get back to 50% passenger vehicle market share domestically by implying “industry leading volume growth, going forward”, a report by ICICI Securities emphasized. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div><cmsannotation type="cmsannotation" annotationid="Maruti Suzuki is chasing SUV" comment="subhead" text="Maruti Suzuki is chasing SUV">Maruti Suzuki is chasing SUV</cmsannotation> "So, overall our market share in the SUV vertical is just 12 per cent. This is where we are now making efforts to bolster our presence," Shashank Srivastava, senior executive director of marketing and sales at Maruti Suzuki had <a href="https://www.businesstoday.in/auto/story/maruti-suzuki-eyes-suv-wave-to-cross-50-market-share-331041-2022-04-25">said</a>. The company now plans to launch new versions of its SUV Vitara Brezza, the Baleno Cross and Jimny off-roader in an attempt to regain its lost market share. According to media<a href="https://economictimes.indiatimes.com/industry/auto/auto-news/maruti-aims-for-pole-position-in-suv-race-in-next-one-year/articleshow/92115448.cms"> sources</a>, Maruti Suzuki expects that these vehicles can bring in incremental sales of as much as 250,000 units a year and more than double its market share in the SUV segment. It has already launched mid-cycle upgrades of Ertiga and XL6 in April 2022. “We believe that concerns over market share loss in UVs are overstated, as MSIL has often proven its mettle in the past, and we expect it to bounce back this time as well,” the report added. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net Sales </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6,65,621 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8,37,981 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23E </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10,49,864 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY24E </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12,52,521 </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: Company, HDFC Securities The company’s management also aims to sell up to 3.5 million units in FY23, which will roughly translate to a gain of 11-14% market share on an annual basis. “We expect a recovery of both market share and margin in FY23 and FY24, led by a favourable product lifecycle, operating leverage, and product mix as well as price action/cost-cutting,” a report by Axis Bank added. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/sensex-tumbles-over-1400-points-as-ril-hdfc-infosys-drag-the-market-down/articleshow/92171099.cms">Sensex tumbles over 1,400 points as RIL, HDFC, Infosys drag the market down</a> <a href="https://www.businessinsider.in/stock-market/news/mm-coal-india-vedanta-rbl-bank-among-stocks-to-watch-out-on-june-13/slidelist/92169990.cms" data-type="tilCustomLink">M&amp;M, Coal India, Vedanta, RBL Bank among stocks to watch out on June 13 </a> <a href="https://www.businessinsider.in/finance/news/1-in-2-micro-loans-are-being-rejected-since-april-thanks-to-rbis-new-microfinance-framework/articleshow/92106939.cms">1 in 2 micro loans are being rejected since April, thanks to RBI's new microfinance framework</a>

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Maruti begins the export of its 'made in India' compact off-roader SUV Jimny

IANS

This Japanese customization company helps turn the Suzuki Jimny into a miniature version of some of the world's most iconic off-roaders

This Japanese customization company helps turn the Suzuki Jimny into a miniature version of some of the world's most iconic off-roaders

Tim Levin

Maruti Suzuki completes two million vehicle exports since 1986-87

IANS

Maruti Suzuki will gain the most from economic recovery and also regain lost market share, say brokerages

Kritti Bhalla

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