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Maruti Suzuki Share Price Live Updates: Maruti Suzuki's trading volume report

Maruti Suzuki Share Price Live Updates: Maruti Suzuki's trading volume report

Time of Indiaa day ago

10 Jun 2025 | 08:40:33 AM IST Stay informed with the Maruti Suzuki Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Maruti Suzuki, including: Last traded price 12637.0, Market capitalization: 381162.82, Volume: 323443, Price-to-earnings ratio 26.29, Earnings per share 461.2. Our liveblog combines fundamental and technical insights to provide a holistic view of Maruti Suzuki's performance. Stay ahead of the market with breaking news that can influence Maruti Suzuki's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Maruti Suzuki Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:40:33 AM IST, 10 Jun 2025 Show more

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Relax production-linked incentive, PM e-drive schemes, say auto companies
Relax production-linked incentive, PM e-drive schemes, say auto companies

Time of India

time30 minutes ago

  • Time of India

Relax production-linked incentive, PM e-drive schemes, say auto companies

NEW DELHI: With supply chains crippled due to the severe curbs on shipments of rare earth magnets by China, the auto industry raised an SOS and sought relaxation from the govt in meeting the all-crucial domestic value addition (DVA) norms towards the production-linked incentive (PLI) scheme and the phased manufacturing programme (PMP) in the PM e-Drive programme. Sources said the companies, which include top manufacturers such as Maruti Suzuki, Hyundai, Mahindra & Mahindra, Bajaj Auto, Hero Moto, TVS, and Tata Motors, also petitioned the govt for permission to import complete assemblies of components from China in the short term to ensure that production schedules are not disturbed. 'DVA requirement in PLI and PMP in PM e-Drive schemes may have to be relaxed to allow for imports of completed assemblies,' the industry – which is currently not getting supplies from China and is banking only on existing inventory – said in a representation to the central govt, the sources told TOI. 'In the eventuality of the challenge not being resolved, the industry will be constrained to import complete assemblies of components from China in the short term,' the companies said, adding that the measure may result in a loss of business for local manufacturers of motors, sensors, and other components who use rare earth magnets. They also said that despite the import of full assemblies, there may still be challenges in production plans. '… this will not resolve the immediate problem of disruption in manufacturing, as the new components are not designed/compatible with the requirement of the vehicles being produced in India.' The companies also said that local value add-on in the vehicles will also be impacted as companies import complete assemblies from China, leading to cost escalations. 'The imports in the auto sector will rise as complete assemblies will have much higher cost.' The industry requested the govt to take measures so that India becomes self-reliant in the production of rare earth permanent magnets by establishing a complete domestic value chain. 'Financial incentives linked to production and policy support may be extended to promising manufacturers. Encourage local mining and production of magnets for reducing dependence on China through incentives. Financial and policy support may be provided to encourage public-private partnerships in setting up rare earth processing facilities and magnet production clusters across India,' the companies said. As magnet supplies stopped following new procurement procedures mandated by China to control any diversion towards defence and weapons production, auto companies raised an alarm over the impending challenges. They said that the matter will lead to the stoppage of production of certain models in June, while heading to a complete shutdown of production by the middle of July if new supplies were not forthcoming. The industry said that the shortage will impact the planned launch of many new models, apart from disturbing the entire value chain across passenger vehicles, two-wheelers, and commercial vehicles. The rare earth magnets are used for components like speedometers, electric motors, e-axles, electric water pumps, automatic transmission kits, speakers, sensors, and ignition coils in engines. Companies say a multi-layered approval process has to be followed before the magnets can be procured, and a final approval from China's Ministry of Commerce is also required. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Rare earth magnet crunch hits Maruti's e-Vitara production plan
Rare earth magnet crunch hits Maruti's e-Vitara production plan

Time of India

time30 minutes ago

  • Time of India

Rare earth magnet crunch hits Maruti's e-Vitara production plan

NEW DELHI: In one of the first major companies to go for production cuts due to a shortage in rare earth magnet supplies from China, top carmaker Maruti Suzuki decided to cut back on the initial production schedule for its first electric car, the e-Vitara, by over two-thirds in the first half of this fiscal to factor in the squeeze in part shipments. While the company's original production plan to manufacture around 67,000 units by March 2026 remains in place, it will 'go slow in the first half of the fiscal' where it is building inventory for exports as well as some sales in the Indian market, supplier sources told TOI. 'The original production plan for the FY26 April-September period was to do around 27,000 units. This now looks challenging, and Maruti Suzuki is looking to do only around 8,000 units or a little over that,' the sources said. A spokesperson for the company refused to comment on the matter. It is not yet clear whether the company will delay the launch of the e-Vitara, which is its first battery-electric vehicle (BEV) in the country. The e-Vitara is being produced at Maruti's plant in Gujarat, and the company hoped to begin sales by the start of the festive season in the second half of the fiscal. The company showcased the car at the Auto Expo held in the national capital earlier this year and plans to take on electric models from Tata Motors , Mahindra & Mahindra, JSW MG Motor, and Hyundai with the green car. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like May 2025: Top 5 Dividend Stocks [Read Now] Seeking Alpha Read Now Undo Sources said that the shortage of magnets, used for components like speedometers, electric motors, e-axles, electric water pumps, automatic transmission kits, speakers, sensors, and ignition coils in engines, is also seeing Maruti re-calibrate production plans for other models. 'The company is assessing dealer inventory levels for various models and using the rare earth magnet inventory for cars that have a higher demand. The work on re-calibration of production plans is in progress. Almost daily assessments are being carried out to be in line with the market realities related to the availability of magnets,' one of the sources said. The e-Vitara is one of the most ambitious products from Maruti Suzuki, and the company plans to sell it across continents including Asia, Europe, Latin America, and Africa, and the home market India. The plan is to also do product-sharing with Toyota, which will be selling the car under a different badge and distinct design cues. This is in line with the product-sharing plans already in place between the two Japanese companies. Maruti officials have been negotiating with govt officials on the matter of magnet supplies, and through the industry body Society of Indian Automobile Manufacturers, the company has been seeking facilitation for an early resolution of the matter. The company is among those who submitted applications for getting supplies of the crucial ingredient through the process mandated by the Chinese govt. However, with delays from the Chinese side, there has been a demand that the govt and the Indian embassy in China intervene to hasten the approval process. The company recently said it would be difficult to give "very specific details" on the magnet crisis until it receives a response to its application submitted for consideration by the Chinese govt. "It is not a restriction. It is an endorsement of end use. In case there is an issue, we will inform all our stakeholders, including the stock exchange," Rahul Bharti, Senior Executive Director, Corporate Affairs, said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Maruti Suzuki cuts near-term EV production amid rare earths crisis
Maruti Suzuki cuts near-term EV production amid rare earths crisis

The Hindu

time4 hours ago

  • The Hindu

Maruti Suzuki cuts near-term EV production amid rare earths crisis

Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare earths shortages, a document showed, in the latest sign of disruption to the auto industry from China's export curbs. India's top carmaker, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September, versus an original goal of 26,500, according to a company document seen by Reuters. It cited "supply constraints" in rare earth materials that are vital in making magnets and other components across a range of hi-tech industries. Maruti still plans to meet its output target of 67,000 EVs for the year ending March 2026 by ramping up production in subsequent months, the document said. China's curbs on some rare earth exports have rocked the global auto industry, with companies warning of severe supply chain disruptions. While some companies in the United States, Europe and Japan are seeing supplies easing as they secure licences from Beijing, India is still waiting for China's approval amid fears of production stoppages. Launched amid much fanfare at India's car show in January, the e-Vitara is crucial to Maruti's EV push in the country, marking its entry in a segment that Prime Minister Narendra Modi's government wants to grow to 30% of all car sales by 2030 from about 2.5% last year. The setback could also hurt parent Suzuki Motor, for which India is the biggest market by revenue and a global production hub for EVs. The bulk of the made-in-India e-Vitaras are earmarked for export by Suzuki to its major markets like Europe and Japan around summer 2025. Maruti told reporters last week the rare earths issue had no "material impact" on the e-Vitara's launch timeline. Chair RC Bhargava said there was "no impact at the moment" on production, local media reported on Monday. Maruti and Suzuki did not respond to requests for comment on Tuesday. Maruti shares trading on the Indian stock exchange fell as much as 1.4% to the day's low after the news. Maruti is yet to open bookings for the e-Vitara with some analysts warning it is already late to launch EVs in the world's third-largest car market where Tesla is also expected to begin sales this year. Under its previous plan "A", Maruti was to produce 26,512 e-Vitaras between April and September - the first half of the fiscal year. Under the revised plan "B", it will manufacture 8,221, the document showed, indicating a two-thirds cut in its production schedule. However, in the second half of the financial year - between October and March 2026 - Maruti plans to ramp up production to 58,728 e-Vitaras, or about 440 per day at its peak, versus a previous target of 40,437 for those six months under plan A. Two supply chain sources confirmed Maruti's plan to scale back e-Vitara production because of rare earth magnet shortages but were not privy to the exact numbers. The rare earths crisis comes as Maruti is already grappling to recover market share lost to Tata Motors and Mahindra & Mahindra's feature-rich SUVs. These companies also lead India's EV sales. Maruti's share of India's passenger vehicle market is down to 41% from a recent peak of about 51% in March 2020. Suzuki has trimmed its sales target for India to 2.5 million vehicles by March 2031 from 3 million previously, and scaled back its lineup of EV launches to just four, instead of the six planned before, as competition in the South Asian nation intensifies.

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