Maruti Suzuki India's exports hit record high in June
Overall, Maruti Suzuki India sold 167,993 units in June, which includes 118,906 domestic passenger vehicles -- lower than the 137,160 units sold in June 2024.
Including sales to other original equipment manufacturer (OEMs) and light commercial vehicles (LCVs), the company's total domestic sales stood at 130,151 units, down from 148,195 units previous year.
Despite this year-on-year (YoY) dip in the domestic market, Maruti Suzuki's cumulative exports for April to June in FY26 rose sharply to 96,972 units, up from 70,560 in the same period previous year.
In terms of segments, the mini and compact category, which includes models like Alto, S-Presso, Swift, WagonR, and Baleno, recorded sales of 60,591 units in June.
Utility vehicles such as Brezza, Ertiga, Fronx, and Grand Vitara contributed 47,947 units to domestic sales.
Meanwhile, Kia India also reported strong momentum in the first half of 2025, with 142,139 vehicles dispatched, marking a 12.7 per cent growth over the same period previous year.
The recently launched Carens Clavis has received positive customer feedback for its comfort, features, and safety.
Kia India's export numbers also remained strong, with 11,813 vehicles shipped globally in the first half of 2025.
The company is now preparing to launch its first Made-in-India electric vehicle this month -- reinforcing its commitment to India's fast-changing mobility landscape.
'With our first Made-in-India EV launching this month, we are diversifying our product portfolio fortifying our long-term commitment to the evolving preferences of Indian customers,' Joonsu Cho, Chief Sales Officer, Kia India stated.
'We are confident this launch will further increase our presence in the country's fast-transforming mobility landscape,' Cho mentioned.
He added that 'going forward, we remain optimistic about sustaining a healthy growth trajectory in the second half of the year."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
2 hours ago
- Economic Times
Nasdaq, S&P 500 close lower, weighed by tech stocks, Dow ends up
The Nasdaq and the S&P 500 closed lower on Tuesday, dragged down by weakness in large-cap tech stocks, while the Dow ended higher in a volatile day marked by seasonally low liquidity. ADVERTISEMENT Investors navigated a choppy session, between optimism over stimulus and caution around market concentration around a few tech stocks. A sell-off of a few megacap tech and tech-adjacent momentum stocks, that had especially high gains in recent weeks, left markets vulnerable to sharp swings. The NYFANG index, which tracks 10 heavily traded tech names, fell 1.8%. "We got to very overbought levels on tech and Nasdaq over the past weeks," said Farz Azarm, managing director of Equities trading with Mizuho Americas. "Today you are seeing a massive unwind" of this movement, he said. Dow Jones Industrial Average rose 400.17 points, or 0.91%, to 44,494.94. The S&P 500 lost 6.94 points, or 0.11%, to 6,198.01 and the Nasdaq Composite lost 166.84 points, or 0.82%, to 20,202.89. News from Washington helped fuel optimism. U.S. President Donald Trump said he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the U.S., easing investor concerns about prolonged uncertainty. The Senate's passage of Trump's tax package had investors weighing the bill's stimulative effects against its multi-trillion dollar cost. ADVERTISEMENT Tesla shares were hit by a renewed spat between CEO Elon Musk and Trump, while economic data backed the U.S. central bank's patient stance on rate cuts. Tesla dropped 5.4% after Trump threatened to cut off the billions of dollars in subsidies that Musk's companies get from the federal government. Musk had revived his criticism of Trump's wide-ranging tax cut and spending bill. ADVERTISEMENT The blue-chip Dow got a boost from economically sensitive sectors such as materials and smallcaps, which outperformed. The Dow Transportation index, widely considered an economic barometer, jumped 2.9%, its biggest one-day gain since May 12. "The markets are preparing for a boatload of stimulus with an already healthy economy," said Rich Bernstein, CEO of Richard Bernstein Advisors. "But we are still in a very speculative market." ADVERTISEMENT Data showed U.S. job openings increased unexpectedly in May, suggesting labor market resilience despite trade and economic uncertainties. U.S. Treasuries fell in response, pushing the 2-year yield to a near one-week high. Earlier in the day, Federal Reserve Chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates, again setting aside Trump's demands for immediate and deep rate cuts. The Institute for Supply Management (ISM) said its manufacturing PMI nudged up to 49.0 last month from a six-month low of 48.5 in May, slightly above economists' forecast of 48.8. Market focus now shifts to Thursday's nonfarm payrolls report, which could help recalibrate bets for a rate cut as soon as July. ADVERTISEMENT Money markets are pricing in a 21.2% likelihood for a July rate cut and see about 64 basis points worth of cuts by the end of this year, per LSEG data. Shares of U.S.-based casino operators rose after Macau reported a rise in June gambling revenue. Wynn Resorts, Las Vegas Sands and MGM Resorts International added more than 7% each.
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Stocks to Watch Today, July 2: HDB Financial, Asian Paints, Maruti, V-Mart
Stocks to Watch today, Wednesday, July 2, 2025: The looming tariff deadline on July 9 is expected to keep investor sentiment in check in the near-term. At 7:10 AM, GIFT Nifty futures are quoting 32 points higher at 25,676 level. Globally, Asia-Pacific markets were mixed on Wednesday after US Fed Chair Jerome Powell stated, overnight, that the Fed might have already cut interest rates if not for US President Donald Trump's tariff policies. Japan's Nikkei 225 was trading around 1 per cent lower after Trump said he may go ahead with the 30-35 per cent tariff on the country. Meanwhile, South Korea's Kospi shed 1.8 per cent. On the contrary, Australia's ASX200 and Hong Kong's Hang Seng indices were up by 0.16 per cent and 0.5 per cent, respectively. On Wall Street, the S&P 500 inched down 0.11 per cent, the Nasdaq Composite lost 0.82 per cent, but the Dow Jones gained 0.91 per cent. Here is a list of stocks to watch today: New listing: Shares of HDB Financial, and Sambhv Steel Tubes will list on the bourses today, in the mainboard category, while those of Supertech EV, Suntech Infra Solutions, Rama Telecom will list under SME category. Shares of Piccadily Agro Industries, already listed on BSE SME, will debut on the NSE counterpart. Maruti Suzuki share price: Maruti Suzuki reported a 6-per cent year-on-year (Y-o-Y) decline in total sales to 1.68 lakh units in June 2025. While exports climbed 22 per cent to 37,842 units, total domestic sales dragged 12 per cent to 1.3 lakh units. Further, Maruti Suzuki reported a 4.2-per cent Y-o-Y dip in monthly production at 1.27 lakh units. Hero MotoCorp share price: Hero Moto said its total domestic sales increased by 7 per cent to 5.25 lakh units in June 2025 versus 4.91 lakh units in June 2024. Two-wheeler sales were at 5.25 lakh units, including 5.1 lakh units of motorcycle (up 8 per cent Y-o-Y) and 41,305 units of scooter (up 36.7 per cent Y-o-Y). V-Mart Retail share price: V-Mart Retail said the company's total revenue from operations for the quarter ending June 30, 2025 (Q1FY26), stood at Rs 885 crore, up 13 per cent over Rs 786 crore in Q1FY25. The same store sales growth (SSSG) rose 1 per cent on year. Moreover, V-Mart retail added 15 new stores, but shut 2 stores during the quarter, to take the total store count to 510. Adani Enterprises share price: Adani Enterprises' wholly-owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), has completed the acquisition of 85.1 per cent stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL). The acquisition has been done at an enterprise value of Rs 400 crore, and aims to expand Adani Defence's footprint in the Aircraft Services & MRO industry. Paras Defence share price: France-based CERBAIR, a European counter-UAV company, is looking to buy up to 30 CHIMERA 200 systems (an advanced Man portable radio frequency detection and neutralisation device), developed by Paras Anti Drone Technologies Pvt Ltd, a subsidiary of Paras Defence and Space Technologies Ltd. The deal is worth approximately ₹22 crore (€2.2 million). Asian Paints share price: Following a complaint by Aditya Birla Group's Grasim Industries, the Competition Commission of India (CCI) has decided to investigate if Asian Paints allegedly exploited its dominant position in the paints industry. In the complaint, Birla Opus Paints has reportedly accused Asian Paints of putting restrictive clauses with its distributors, discouraging them from selling Birla Opus. The CCI order, however, clarified that observations made were not a final view on the case merits and directed the director general (DG) to conduct the probe without being swayed in any manner. SBI Card share price: SBI Cards and Payment has received a Show Cause Notice from the Additional Commissioner of CGST, proposing to disallow Input Tax credit (ITC) of Rs 81.46 crore. The notice alleges that SBI Card availed ineligible ITC worth Rs 46.53 lakh during FY20-21, and also availed excess ITC worth Rs 81.46 crore during FY18-21. Lupin share price: The United States Food and Drug Administration (USFDA) has approved Lupin's Abbreviated New Drug Application (ANDA) for Loteprednol Etabonate Ophthalmic Gel, 0.38 per cent. CLN Energy share price: CLN Energy has secured a tender, worth ₹107.91 crore, to supply lithium-ion batteries. Separately, it has also completed the first phase of supply of lithium-ion batteries to BSNL. MOIL share price: MOIL has increased the prices of all Ferro grades of manganese ore, with Manganese content of 44 per cent and above, by 2 per cent from July 1, 2025. Prices of all other Ferro grades have also been increased by 2 per cent. Moreover, the prices of all Chemical grades have been increased by 2 per cent. Master Trust share price: The company's wholly-owned subsidiary, Master Capital Services, has filed an application with Securities and Exchange Board of India (Sebi) for a Mutual Fund license. Once approved, the com[any aims to act as sponsor of the Asset Management Company and launch Mutual Fund schemes. NMDC share price: NMDC's total production, in June 2025, stood at 3.57 MT as against 3.37 MT at the end of June 2024. Sales, however, fell to 3.58 MT from 3.73 MT Y-o-Y. Rainbow Children's Medicare share price: Rainbow Children's has completed the acquisition of 76 per cent of fully diluted equity share capital and 100 per cent of Non-Convertible Redeemable Preference shares (NCRPS) of Prashanthi Medicare Private Limited. Megasoft share price: Megasoft's Board has approved the sale of its entire 36.52 per cent holding in Extrovis AG, Switzerland, an associate company, for $15 million (about ₹128 crore) to Refex Life Sciences Private Limited. JSW Energy share price: The company's subsidiary, JSW Renew Energy Thirty Seven, has signed Battery Energy Storage Purchase Agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for a 250 MW / 500 MWh standalone Battery Energy Storage System (BESS).
Time of India
2 hours ago
- Time of India
Carmakers lose speed as demand still in slow lane
New Delhi: The April-June 2025 quarter saw severe pressure on the domestic car market, with challenges in generating fresh demand as growing geopolitical tensions and concerns over the economy depressed consumer sentiments. Maruti Suzuki , the country's biggest carmaker, reported a 6% decline in first-quarter wholesale numbers as the company dispatched around 3.9 lakh units to dealerships compared to 4.2 lakh units in the same quarter of the previous fiscal. Hyundai experienced a decline of 12%, while Tata Motors also saw a 10% fall in its wholesale numbers. Mahindra & Mahindra and Kia Motors were among the companies that experienced growth in dispatches, backed by new models in their portfolio. Maruti stated that new demand remains under pressure, adding that industry's outlook remains cautious. The company is also proceeding slowly with its Rs 35,000-crore project for a new factory in Gujarat due to the uncertain situation. Tarun Garg, director and COO at Hyundai India, said the geopolitical situation has impacted market sentiments, though the company anticipates some recovery going forward. Shailesh Chandra, MD of Tata Motors' passenger vehicles and electric mobility businesses, said the industry experienced volume pressures, particularly in May and June. He said the flat growth reflects continued softness in demand. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
