Maruti Suzuki may soon offer a sweeter deal to its dealers
5 years, 9 months ago

Maruti Suzuki may soon offer a sweeter deal to its dealers

Live Mint  

New Delhi: Maruti Suzuki India Ltd plans to tap its cash reserves of more than ₹30,000 crore to absorb the bulk of capital costs of its dealers as the nation’s largest carmaker moves to maintain dealer profitability, crucial for preserving its pole position in the world’s fastest growing major car market. Some of Maruti’s new showrooms would be owned by the firm and leased out to dealer partners, three people aware of the development said, requesting anonymity. Suzuki Motor Corp.’s most profitable unit also planned to own real estate for its regional offices similar to its headquarters in New Delhi, the people said. “For a company with cash reserves like Maruti, investing in real estate makes sense and this has been the strategy for quite sometime now,” he said.

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Confident on Long-term Growth of Domestic Auto Industry Despite Obstacles: Maruti Suzuki
4 years, 3 months ago

Confident on Long-term Growth of Domestic Auto Industry Despite Obstacles: Maruti Suzuki

News 18  

The country’s largest carmaker Maruti Suzuki India remains bullish on the long-term growth prospects of the domestic automobile industry despite challenges in the short-term, a senior company official has said. In the last 25-30 years, the demand has been very closely co-related with the GDP and per capita income growth," MSI ExecutiveDirector Shashank Srivastava told PTI. When asked by when …

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