Maruti Suzuki asks auto component industry to produce electronics, key parts in India to cut imports
5 years, 4 months ago

Maruti Suzuki asks auto component industry to produce electronics, key parts in India to cut imports

Firstpost  

New Delhi: The country’s largest carmaker Maruti Suzuki India on Friday asked the components makers to start manufacturing vehicle electronics and certain key parts in India in order to cut imports of such articles. The local manufacturing of such parts would not only help Maruti Suzuki India, but also support the government’s Make in India initiative, MSI MD and CEO Kenichi Ayukawa said while speaking at the ACMA annual convention here. If anybody can make electronic components and some key parts in India with quality and reliability, it will not only help MSI, but the entire Indian automobile industry, he added. On government policy, Ayukawa said that if the government sets targets on the end-goals and allows freedom to the industry players to choose the technology, it would be best suited to achieve the end-goals.

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History of this topic

Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI
1 week, 1 day ago

Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI

Live Mint  

New Delhi, Jan 7 Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Highlighting six key risks of reducing tariffs, he said any reduction would harm India's developing component ecosystem, …

Maruti Suzuki hits 20 lakh vehicles produced in 2024, led by Baleno, Fronx, and Ertiga
4 weeks ago

Maruti Suzuki hits 20 lakh vehicles produced in 2024, led by Baleno, Fronx, and Ertiga

Live Mint  

Automaker Maruti Suzuki has reached a significant production milestone, becoming the first original equipment manufacturer in India to produce two million vehicles in a single calendar year, reported ANI. Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India, highlighted the achievement as a reflection of India's growing manufacturing capabilities and the company’s commitment to the 'Make in India' initiative. …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
2 months, 2 weeks ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months, 3 weeks ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

India will become auto technology provider to the developing world: Bhargava
11 months, 2 weeks ago

India will become auto technology provider to the developing world: Bhargava

Live Mint  

New Delhi: India’s car industry will drive its manufacturing growth and play a big role in attracting investments and prosperity, Maruti Suzuki chairman R.C. These are themes he addresses in his latest book, Impossible to Possible, in which he describes what made Maruti Suzuki, the first and only instance of the government-run public sector undertaking forming a joint venture with …

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory
1 year, 1 month ago

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory

Firstpost  

Tesla is expected to invest about $2 billion initially for its manufacturing plant. Tesla may also explore the possibility of manufacturing its batteries in India It seems that Tesla is set to enter the Indian market in 2024, first through imported cars and then later selling India-made Teslas. India is reportedly on the verge of finalizing an agreement with Tesla …

Electric Vehicles: Tesla’s India Plans Should Not Push Local Manufacturers into Sulk
1 year, 2 months ago

Electric Vehicles: Tesla’s India Plans Should Not Push Local Manufacturers into Sulk

News 18  

The demand for battery-powered electric vehicles is slowing down in many large-scale markets globally, as consumers weigh whether to switch from petrol/diesel vehicles due to the significant premium EVs command. The condition, though, is that Tesla would eventually begin manufacturing EVs in India, thereby boosting local sourcing of parts and enabling development of a comprehensive supply chain for EVs. Besides, …

Cheer for EV battery makers as machinery imports to cost less
1 year, 11 months ago

Cheer for EV battery makers as machinery imports to cost less

Live Mint  

India's nascent electric vehicle ecosystem is set to receive a fresh boost as Finance Minister Nirmala Sitharaman's Budget encourages the development of a self-reliant EV sector, with a focus on localization of cells and removing roadblocks to the faster adoption of the eco-friendly technology. The FM's decision to exempt capital goods and machinery needed to manufacture lithium-ion cells locally will …

Maruti Suzuki India crosses 2.5 cr production mark
2 years, 2 months ago

Maruti Suzuki India crosses 2.5 cr production mark

The Hindu  

Maruti Suzuki India on Wednesday said it has crossed 2.5 crore cumulative production mark. The company now has two manufacturing plants in Gurugram and Manesar in Haryana, with an installed production capacity of 15 lakh units per annum. Crossing 25 million cumulative production milestone this year is a testimony of Suzuki's continued commitment and partnership with the people of India," …

Maruti crosses production milestone of 2.5 crore units
2 years, 2 months ago

Maruti crosses production milestone of 2.5 crore units

India Today  

The country's largest carmaker, Maruti Suzuki India, today announced that it has crossed the cumulative production milestone of 2.5 crore units since commencing operations in 1983 at its Gurugram manufacturing facility. "This makes Maruti Suzuki the only Indian company to have achieved this significant milestone in passenger vehicle production," the company said in a statement. Crossing of 25 million cumulative …

TATA, Suzuki and Modi: How manufacturing plants boosted Gujarat's economy and brought jobs for people
2 years, 3 months ago

TATA, Suzuki and Modi: How manufacturing plants boosted Gujarat's economy and brought jobs for people

Op India  

On October 10, Prime Minister Narendra Modi laid down the foundation stone and dedicated various projects worth over Rs 3,900 crores to the nation in Modhera, Mehsana in Gujarat. Following the message, then-CM Modi not only assured Tata motors the land to build a massive, state-of-the-art manufacturing factory, but the Gujarat government also made sure that the plant got built …

Suzuki Japan to set up global R&D unit here
2 years, 4 months ago

Suzuki Japan to set up global R&D unit here

Deccan Chronicle  

Pune: Suzuki Motor Corp, the Japanese giant car maker, will set up a new global research and development company in the country and continue to invest aggressively to continue to be the dominant player in the car market. “This new company, a wholly owned unit of Suzuki Japan, would help the Japanese carmaker strengthen its R&D competitiveness and capabilities not …

Japan’s Suzuki drives deeper into India with global research and development [R&D] unit
2 years, 4 months ago

Japan’s Suzuki drives deeper into India with global research and development [R&D] unit

The Hindu  

Suzuki Motor Corp. will set up a global research and development company in India, its president said on Sunday, pushing deeper into a market that is set to become an electric vehicle hub for the Japanese carmaker. Suzuki, which already builds combustion engine cars in India for its local unit Maruti Suzuki and for export, will in 2025 start producing …

Maruti, India's top carmaker, open to partnerships to secure supply chain
2 years, 4 months ago

Maruti, India's top carmaker, open to partnerships to secure supply chain

The Hindu  

Maruti Suzuki is open to forming partnerships with auto part makers to secure its future supply chain and maintain its leadership position, the chairman of India's top-selling carmaker said in an interview. Partnering with suppliers in its early years contributed significantly to Maruti's success in India, where it has 43% share of the car market, and also helped establish a …

Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk
2 years, 7 months ago

Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk

The Hindu  

American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, company founder and chief executive Elon Musk has said. In a tweet responding to a user asking about Tesla setting up a …

Maruti Suzuki Receives Land Allotment in Haryana for 800 Acre Manufacturing Plant
2 years, 7 months ago

Maruti Suzuki Receives Land Allotment in Haryana for 800 Acre Manufacturing Plant

News 18  

In yet another major push for Haryana’s growth in the automobile sector, the state government on Thursday signed an agreement for the allotment of land parcels to Maruti Suzuki India Ltd and Suzuki Motorcycle India Private Ltd, in which the third manufacturing facility of the automobile major will come up in industrial town Kharkhoda. The Industrial Model Township at Kharkhoda, …

Maruti Suzuki to set up new facility in Haryana
2 years, 8 months ago

Maruti Suzuki to set up new facility in Haryana

The Hindu  

The country’s largest carmaker Maruti Suzuki India on Friday said it will invest ₹11,000 crore in the first phase of its new manufacturing facility in Haryana. The process for allotment of land to Maruti Suzuki by the Haryana State Industrial and Infrastructure Development Corporation Ltd. in Sonipat was completed on Friday. Spread across 800 acres, the upcoming site at Industrial …

Maruti Suzuki exports a record 2,05,450 cars in 2021
3 years ago

Maruti Suzuki exports a record 2,05,450 cars in 2021

India Today  

Maruti Suzuki has created a new record by exporting 2,05,450 vehicles in 2021, more than the manufacturer has ever done before. The company started its vehicle export venture in 1987 when a consignment was sent to Hungary, today the brand utilises Suzuki’s global presence to export vehicles to more than a hundred countries. Back in February 2021, Maruti Suzuki crossed …

Maruti Suzuki Foresees Adverse Impact on Production Amid Semiconductor Shortage
3 years, 3 months ago

Maruti Suzuki Foresees Adverse Impact on Production Amid Semiconductor Shortage

News 18  

Maruti Suzuki India on Thursday said it expects an adverse impact on production at its two plants in Haryana and parent Suzuki’s Gujarat plant in October on account of supply constraint of electronic components due to semiconductor shortage. While terming the situation as “quite dynamic", the company in a regulatory filing said, “It is currently estimated that the total vehicle …

PLI scheme: Auto component companies hope to pare imports
3 years, 3 months ago

PLI scheme: Auto component companies hope to pare imports

Business Standard  

PLI scheme: Auto component companies hope to pare imports It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India Premium India imported parts worth $13.8 billion in FY21 while it exported $13.3 billion worth of parts in the same year, according to Automotive Component Manufacturers Association. …

Ford ends manufacturing in India with immediate effect, to continue local ops with imported vehicles
3 years, 4 months ago

Ford ends manufacturing in India with immediate effect, to continue local ops with imported vehicles

Firstpost  

Confirming rumours that have been making the rounds for some time now, Ford has announced it is ending production in India with immediate effect, shutting down both of its vehicle manufacturing facilities as it undertakes a restructuring of operations in the Indian market. Ford India will continue manufacturing engines for export markets, and the company says it will continue to …

Domestic Auto Industry Must Adopt Make-in-India, Manufacture Components at Reasonable Price: Gadkari
3 years, 9 months ago

Domestic Auto Industry Must Adopt Make-in-India, Manufacture Components at Reasonable Price: Gadkari

News 18  

Union Minister Nitin Gadkari called for the domestic automobile industry to adopt Make in India, asserting that there should be no import of auto components, and all the components should be made in the country at a reasonable price. Speaking at an event, the minister for MSME and Road Transport and Highways said “by accepting new technologies, we are going …

Government working to make India as global manufacturing hub: Niti Aayog CEO
4 years, 3 months ago

Government working to make India as global manufacturing hub: Niti Aayog CEO

Live Mint  

The government has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports, Niti Aayog CEO Amitabh Kant said on Tuesday. "The Government of India has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports.Aatmanirbhar Bharat does not mean …

Govt asks auto industry to cut imports, raise exports
4 years, 4 months ago

Govt asks auto industry to cut imports, raise exports

Live Mint  

Senior ministers of the Union government took Prime Minister Narendra Modi’s clarion call of Atmanirbhar Bharat forward and urged automakers to reduce their dependence on imports, increase exports, and make India a global manufacturing hub for automobiles and auto components. Minister of railways, and commerce and industry Piyush Goyal and minister of environment, forest and climate change Prakash Javadekar also …

Automakers, suppliers should join hands to make India manufacturing hub: Experts
4 years, 4 months ago

Automakers, suppliers should join hands to make India manufacturing hub: Experts

Live Mint  

NEW DELHI: India’s automakers and component manufacturers should strive to localise bulk of parts imported from China within the next few years to drive cost competitiveness and boost exports, senior industry executives and government officials said. India in retaliation resorted to increased inspection of consignments from China and levied import restriction on certain components like tyres which has adversely impacted …

Higher Car Taxes are Acting as Roadblocks for Aspiring Car Owners in India: Maruti Suzuki Chairman
4 years, 5 months ago

Higher Car Taxes are Acting as Roadblocks for Aspiring Car Owners in India: Maruti Suzuki Chairman

News 18  

Taxes on cars in India, which are higher than in any other vehicle manufacturing country in the world, have created affordability issue for many aspiring car owners, according to Maruti Suzuki India Chairman RC Bhargava. If the contribution of manufacturing sector to the country's GDP is to reach 25 per cent by 2025, then car sales need to grow faster, …

Govt Introduces Rs 50,000 Crore Package to Boost Make in India for Smartphone OEMs
4 years, 7 months ago

Govt Introduces Rs 50,000 Crore Package to Boost Make in India for Smartphone OEMs

News 18  

India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production. To further ease the rules and make local manufacturing of smartphones in India seem attractive, the committee has chosen to remove certain valuation caps from the production process, and also de-link …

India to become auto manufacturing hub in next 5 years: Gadkari
4 years, 7 months ago

India to become auto manufacturing hub in next 5 years: Gadkari

India TV News  

Union Transport Minister Nitin Gadkari told India TV, in an exclusive conversation, that India is taking steps in the direction of becoming the hub in auto manufacturing in the next 5 years. Speaking on India TV's #TeamModiOnIndiaTv platform Gadkari said that it will be a part of the 'Atmanirbhar Bharat' and India would cut its dependency on China for products …

Maruti Suzuki India exports 1 millionth car from Mundra port
5 years, 3 months ago

Maruti Suzuki India exports 1 millionth car from Mundra port

India Today  

Maruti Suzuki India has exported one-millionth car from its Mundra port in Gujarat. The export sales of Maruti Suzuki India had dropped 10.80 per cent to 9,352 units in August 2019. Mundra port is Maruti Suzuki India's second car terminal port. The efforts by Maruti Suzuki reflect India's capabilities of manufacturing cars that meet global standards of quality, safety, design …

Maruti asks auto component industry to produce electronics, key parts in India to cut imports
5 years, 4 months ago

Maruti asks auto component industry to produce electronics, key parts in India to cut imports

India TV News  

The country's largest carmaker Maruti Suzuki India on Friday asked the components makers to start manufacturing vehicle electronics and certain key parts in India in order to cut imports of such articles. The local manufacturing of such parts would not only help Maruti Suzuki India but also support the government's Make in India initiative, MSI MD and CEO Kenichi Ayukawa …

Maruti Suzuki cuts vehicle production by 18% in May
5 years, 7 months ago

Maruti Suzuki cuts vehicle production by 18% in May

Live Mint  

New Delhi: The country’s largest car maker Maruti Suzuki India has cut vehicle production by over 18 per cent in May, according to a regulatory filing. The car market leader produced a total of 151,188 units in May, including Super Carry LCV, down 18.1 per cent from 184,612 units in the year-ago month, MSI said in the filing. The company …

Maruti Suzuki cuts vehicle production by 18% to 1.51 lakh units in May for third consecutive month
5 years, 7 months ago

Maruti Suzuki cuts vehicle production by 18% to 1.51 lakh units in May for third consecutive month

Firstpost  

New Delhi: The country’s largest car maker Maruti Suzuki India has cut vehicle production by over 18 percent in May, according to a regulatory filing. The car market leader produced a total of 1,51,188 units in May, including Super Carry LCV, down 18.1 percent from 1,84,612 units in the year-ago month, MSI said in the filing. The company cut production …

Maruti Suzuki cuts vehicle production by around 21% to 1.36 lakh units in March on subdued demand
5 years, 9 months ago

Maruti Suzuki cuts vehicle production by around 21% to 1.36 lakh units in March on subdued demand

Firstpost  

New Delhi: The country’s largest car maker Maruti Suzuki India cut vehicle production by around 21 percent across its factories in March due to subdued demand. The auto major produced a total of 1,36,201 units in March, including Super Carry LCV, down 20.9 percent from 1,72,195 units in the year-ago period, it said in a regulatory filing. The compact segment …

Maruti Suzuki cuts vehicle production by over 8% in February on subdued demand
5 years, 9 months ago

Maruti Suzuki cuts vehicle production by over 8% in February on subdued demand

Firstpost  

The country’s largest car maker Maruti Suzuki India cut production by over 8 percent in February on account of subdued demand New Delhi: The country’s largest car maker Maruti Suzuki India cut production by over 8 percent in February on account of subdued demand. Hit by lower offtake by end customers, passenger vehicles retail sales declined by 8.25 percent to …

Maruti Suzuki Becomes First Automaker In India To Produce 2 Crore Cars
6 years, 5 months ago

Maruti Suzuki Becomes First Automaker In India To Produce 2 Crore Cars

ABP News  

Maruti has manufactured over 1.3 lakh cars every month on an average in the last 3 years India’s largest car manufacturer, Maruti Suzuki India Limited, has added yet another feather to its cap. Production Unit Milestone date Time taken First 5 million April, 2005 Over 21 years 10 million March, 2011 72 months 15 million May, 2015 50 months 20 …

Maruti Suzuki to Set up two Manufacturing Facilities in Gujarat
6 years, 6 months ago

Maruti Suzuki to Set up two Manufacturing Facilities in Gujarat

ABP News  

India's largest car manufacture, Maruti Suzuki which has been planning to set up its manufacturing unit in Gujarat for quite sometime now, has now decided to set up two plans in Gujarat. As per the ET, Suzuki Chairman Osamu Suzuki is planning a trip to India on January 24 and 25 to possibly finalise its Gujarat Plants. Investing around 4,000 …

Maruti Suzuki India to add 7.5 lakh units capacity in Gujarat by 2020
6 years, 6 months ago

Maruti Suzuki India to add 7.5 lakh units capacity in Gujarat by 2020

Deccan Chronicle  

Mehsana: The country's largest car maker Maruti Suzuki India plans to add another 7.5 lakh units manufacturing capacity from three production lines in Gujarat plant by 2020, taking the total capacity to over 22.5 lakh units a year, a top company official said on Wednesday. The company, which already has a market share of over 50 per cent in the …

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