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Old 30th April 2010, 11:15   #16
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Well the maruti's got to thank the Indian government and the lethargic babus for the sales and the revenue figures.

Imagine, if India was a country with big roads and not much traffic snarls , I bet all of us would have opted for the bigger cars. For the bigger cars Maruti would surely not have an edge over the free markets entrants like Ford, VW, Toyota and Honda.
Ditto for the government taxes rules favouring small car.
But for these two reason, in case if there was a level playing field, I wonder if maruti would be having these amazing figures.

But nevertheless, these numbers could have not been achieved if not for a deeper thought process and hard work of around 50k workers directly or indirectly associated with Maruti, hats off to you guys..

Last edited by xingamazon : 30th April 2010 at 11:16.
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Old 24th July 2010, 17:13   #17
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Market pressures! Net profit 5.78%. And our favourite measure - profit per car - down to Rs. 16,412. Of course, this is after royalties paid to Suzuki Japan.

New Delhi, July 24, 2010: The Board of Directors of Maruti Suzuki India Limited approved the financial results for the first quarter of 2010-11 (April-June 2010) here today.

The Company registered Net Sales of Rs 80,507 million during the first quarter of 2010-11, a growth of 27 per cent compared to the same period of the previous year.

Net Profit during the quarter was Rs 4,654 million, against Rs 5,835 million during the same period of the last fiscal year.

The drop in Net Profit is due to higher commodity prices, increase in royalty and lower ‘other income’. In addition, income from exports to Europe fell due to weakening of the Euro.

During the quarter, the Company posted total sales of 283,324 units, representing 25 per cent growth. This included export of 40,437 units, a 38 per cent growth over the same period of the last fiscal. The Company’s domestic sales volume grew by 23 per cent to 242,887 units The Company launched a new WagonR (a full model change) during the quarter.

Maruti Suzuki’s volume in the domestic A2 segment grew by 16.2 per cent during the quarter, while in the C segment, sales volume grew by 50.8 per cent, aided by the success of Eeco. The Company’s sales volume in the A3 segment grew by 45.2 per cent, compared to sales in April-June 2009.

During the quarter the Company further strengthened its network. The sales network grew to 828 outlets covering 577 cities (end Mar’10: 802 outlets, 555 cities). The service network increased to 2,771 service outlets covering 1,342 cities. (end Mar’10: 2,740 outlets, 1,335 cities)
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Old 24th July 2010, 18:55   #18
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I think the single biggest reason Maruti holds strong is because of the service experience

I do agree that every brand has good service stories and bad service stories both of which are true, but in the case of Maruti they manage to keep it "good" for the most part.

Whoever I see in office who owns a Maruti, they have only good things to say about the service experience.
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Old 25th July 2010, 06:42   #19
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Read the following article
Source: Maruti Suzuki skids in June, net profit down 20% to Rs 465 crore-Earnings News-Earnings-News By Company-News-The Economic Times

the company’s market share fell below the 50% mark for the first time in its 26-year operations in India. During the quarter, Maruti’s market share declined to 47.59% from over 55% in the local market.

It will be interesting to see how Maruti can hold on to its market share and whether it can cross 50% again.
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Old 26th July 2010, 09:25   #20
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Q on Q profit down by 20% and the share value plunges by 9% Trading at 1231 (-128 Rs). Maruthi may need to work hard to retain the market share as well profits.
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