MARUTI SUZUKI CNG MODELS
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
In SUV race, CNG raring to close gap with diesel
CNG is becoming a popular choice among cost-conscious small SUV buyers, surpassing diesel and BEVs in registrations. The demand for CNG vehicles has increased significantly, with manufacturers seeing remarkable sales growth. Maruti Suzuki and Hyundai Motor India are leading the way in CNG SUV offerings and sales. New models are being introduced to meet the rising consumer demand for CNG options.
Delhivery eyes 20,000 intracity vehicles in five years
Delhivery plans to expand its intracity fleet to nearly 20,000 vehicles over the next four to five years, while making EVs the only option for new additions. The company plans to invest ₹80-100 crore in charging and parking infrastructure and fleet-partner support, as it seeks to lower fuel costs and offset rising labour and operating expenses.
Car sales hit record 5.19 lakh in October, two-wheeler demand rises 16%
Car sales rose significantly in October, reaching a record-high driven by strong demand ahead of festivals. The total number of hatchbacks, sedans, and utility vehicles sold increased by 12.4% year-on-year. Two-wheeler sales also improved, growing by 16.1%, with scooters performing particularly well. Demand across both segments was supported by better credit availability and the need for replacements. Overall, the outlook for the automobile market appears positive for future sales.
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
Indian IIT talent thrives in Japan's MIRAI-Setu programme as nations near 75th anniversary
As India and Japan approach 75 years of diplomatic ties in 2027, 40 IIT and IIIT students visited Japan under the "Foster System = MIRAI - Setu" programme. Immersed in Japanese universities and corporations, they developed strong industry insights, proposing innovative solutions for bilateral growth.
Cars to clogs: Dhanteras brings out best retail day of year; takes festive value sales up 20%
Buoyant festive demand in Dhanteras, India’s largest sales period, will be a relief to companies and retailers as it comes in the backdrop of deficient monsoons, high food inflation, volatility in IT sector employment, continued geopolitical uncertainties and risks of El Niño weather conditions.
Auto sector sees strong Dhanteras deliveries, expects momentum to continue till Diwali
Automakers and dealerships reported strong Dhanteras deliveries following robust Navratri sales, with Maruti Suzuki expecting over 30,000 deliveries and Tata Motors targeting 12,000 units. Hyundai anticipates nearly 14% growth in festive deliveries. Dealers reported healthy demand across vehicle segments, while the pre-owned car market also witnessed a significant sales uptick.
Maruti Suzuki to set up 12 automated driving licence test tracks in Telangana
Maruti Suzuki has signed a memorandum of agreement with the Telangana transport department for test tracks. The company will set up twelve automated driving licence test tracks across six locations in the state. Each track will feature advanced technology including high-definition cameras and RFID sensors for comprehensive testing. This initiative is part of Maruti Suzuki's corporate social responsibility efforts aimed at improving road safety.
Kia India plans $1.5 billion investment in Andhra Pradesh to expand manufacturing operations
The proposed investment is expected to significantly expand the company's manufacturing footprint at its Anantapur facility, where Kia currently has an installed annual production capacity of around 3 lakh units.
Indian auto's real test lies ahead after firecracker start to festive season
India’s passenger vehicle dispatches crossed the 5-lakh mark for the first time in October, with wholesales estimated to grow 13-15% year-on-year to 5.25-5.3 lakh units. Maruti Suzuki and Hyundai reported record monthly sales, while commercial vehicle makers also posted strong growth.
Festive dispatches drive October car sales to record high
India's passenger vehicle dispatches to dealerships are estimated to have risen 13-14% year-on-year to a record 5.25-5.30 lakh units in October, driven by festive demand. Maruti Suzuki, Mahindra, Hyundai and Kia reported record monthly sales, while two-wheeler and commercial vehicle makers also posted strong growth.
Kia India clocks highest-ever monthly sales of 33,462 units in October, up 13.22%
Kia India recorded its highest-ever monthly wholesales at 33,462 units in October 2026, up 13.22% year-on-year, surpassing its previous record set in September. Cumulative sales rose 21.31% to 2,86,470 units during January-October, exceeding the automaker's full-year 2025 sales, with festive demand and multiple powertrains supporting growth.
Maruti Suzuki crosses EV exports of 50,000 units since August 2025
Maruti Suzuki India reached a significant milestone by exporting more than 50,000 electric vehicles since August 2025. The company dominates India's electric passenger vehicle export market, holding nearly 93% of the total share. Its Hansalpur facility has achieved an annual production capacity of 1 million vehicles, boosting its export capabilities.
Why India’s largest carmaker’s chairman believes small cars still rule the road despite the SUV craze
Maruti Suzuki Chairman R C Bhargava highlighted the ongoing demand for small cars in India. He noted sales figures of 398,000 small cars and 162,000 SUVs in the first half of FY27. First-time buyers now account for 54% of Maruti's sales, marking a significant increase. The recent GST cuts have improved affordability for entry-level vehicles.
Maruti Suzuki shares see target price cuts by Jefferies, Nomura, other brokerages after Q2 net profit drops 26% YoY. What’s ahead?
Maruti Suzuki shares post marginal gains despite a 26% YoY decline in Q2 FY27 net profit. Jefferies, Nomura and Elara Capital lower their target prices, citing weaker margins and financial income, even as record sales volumes and strong revenue growth offer support.
Subros shares surge 10% after securing Rs 1,225 crore HVAC supply order from Maruti Suzuki
Subros shares surged up to 10% after securing a Rs 1,225 crore HVAC supply contract from Maruti Suzuki for two vehicle models over approximately seven years. The award comes as the stock remains down around 45% over the past year.
Maruti Suzuki flags West Asia-linked commodity costs as margins come under pressure
Maruti Suzuki India achieved record quarterly sales in the September quarter despite facing profitability challenges. The company reported a significant decline in operating earnings due to increasing material costs and adverse foreign exchange movements. While domestic sales grew substantially, net profit also experienced a decline compared to the previous year. The firm's efforts to manage costs were not sufficient to offset the impacts of rising expenses.
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