Maruti Suzuki India Ltd (MRTI.NS)
|Market Cap (Mil.):||Rs771,044.31|
|Shares Outstanding (Mil.):||302.08|
NEW DELHI - India's biggest carmaker, Maruti Suzuki India Ltd, warned on Thursday that its rising sales were largely driven by improving sentiment, discounts and government tax breaks, rather than any underlying economic revival.
* Expects double-digit growth in car sales this year (Adds company comments, details on investment, auto industry context)
NEW DELHI, July 31 - Maruti Suzuki India Ltd , India's biggest carmaker, reported a 21 percent rise in first-quarter net profit, beating estimates, as early signs of an economic revival boosted sales.
MUMBAI - The Nifty rose on Tuesday to mark its highest close in nearly three weeks, approaching a record high hit last month, as auto makers such as Maruti Suzuki India surged after stronger monthly sales, while overseas buying also helped.
* Investors seen building positions ahead of budget-analyst (Adds milestones)
* Investors seen building positions ahead of budget-analyst
Reuters Market Eye - Maruti Suzuki India Ltd shares up 4.2 percent after earlier marking a record high of 2,563.75 rupees as the company said it sold 112,773 units in June, higher than some analyst expectations of about 100,000 units.
* Maruti Suzuki India Ltd shares up 4.3 percent after earlier marking a record high of 2,563.75 rupees as the company said it sold 112,773 units in June, higher than some analyst expectations of about 100,000 units. * Sales in June have been good due to the extension of excise duty benefits despite the closure of a plant for one week for maintenance, traders add. (firstname.lastname@example.org / email@example.com)
July 1 - Maruti Suzuki India Ltd's vehicle sales in June: June 2014 June 2013 Pct chg TOTAL SALES 112,773 84,455 33.5 DOMESTIC SALES 100,964 77,002 31.1 PASSENGER CARS 86,223 65,172 32.3 EXPORTS 11,809 7,453 58.4 NOTE: Maruti Suzuki, controlled by Japan's Suzuki Motor Corp , is India's largest carmaker by sales. (Reporting by Aditi Shah; Editing by Prateek Chatterjee)
NEW DELHI - Maruti Suzuki India Ltd, the country's biggest car maker, said it expected a saving of about 105 billion rupees over 15 years by entering into a contract manufacturing agreement with parent Suzuki Motor Corp.