Mumbai: Shares of Maruti Suzuki India Ltd on Monday surged over 3.6% after the company said its board approved reducing royalty rates for new models.

The stock touched a high of Rs9,609.95 on the BSE and gained as much as 3.59% in intraday trade. At 9.56am, it was trading at Rs9,588.35 on the BSE, up 3.35% from its previous close, while India’s benchmark Sensex rose 0.81% to 36,343.36 points.

Maruti Suzuki India will showcase a concept electric compact SUV, e-SURVIVOR at the upcoming Auto Expo reiterating its plans to launch an electric vehicle in India in 2020.

The concept will be part of part of the company's over 18 vehicle models on display in ARENA, NEXA and Motorsports zones at its pavilion spread over spread over 4,200 sq mt, Maruti Suzuki India (MSI) said in a statement.

NEW DELHI: Maruti's parent Suzuki will be exclusively manufacturing the next-generation Swift at its plant in Gujarat for sale in India and abroad, the shift happening after nearly 13 years of manufacturing in Haryana.

The Gujarat plant, which started production in 2016, currently manufactures Baleno that is retailed through Maruti's premium retail channel Nexa.

The country's largest car maker Maruti Suzuki India plans to introduce around four new products in the next 12 to 18 months to build further on five years of successive double digit sales growth.

The company expects to close the ongoing fiscal with double digit sales growth. Its sales in the domestic market during the April-December period grew by 15.5 per cent at 12,26,418 units as against 10,61,873 units in the year-ago period.

On May 25, 2005, when Maruti Suzuki launched the Swift hatchback, the step, in a way, demonstrated its long-term plans for dominating the Indian passenger vehicle market. However, the company was also taking a risk. The reason was, during those days, there were some set notions about a small car. It had to be reliable, economical and somewhat basic in its features. Design would receive minimal attention; while a few clamoured for a bold design, it was believed the ‘mainstream’ small car customer would accept pretty much everything—from boxy shapes to bland, simple lines.

Mutual fund managers since April last year have sold around 3.6 million shares, worth nearly Rs 30 billion, of India’s largest car manufacturer Maruti Suzuki. They plan to continue to prune its holdings as valuations appear stretched after the last year’s stellar rally.

In 2017, shares of Maruti Suzuki jumped 83 per cent, even as the benchmark Sensex gained 28 per cent.

India's largest automaker Maruti Suzuki is on steady growth and has once again crossed the sales of over a million units in the Indian domestic market. The market leader sold a total of 1602522 units in 2017 reporting a double digit growth once again. Beating its own record the company sold 3 cars ever minute selling 4,390 cars every single day in 2017.

Maruti Suzuki cars have been dominating top-10 sales chart constantly through out the year with Maruti Suzuki Alto and new Maruti Suzuki Dzire being among the company's top selling cars.

New Delhi: Maruti Suzuki India Ltd, the country’s largest carmaker, on Wednesday raised the prices of its cars by between Rs1,700 and Rs17,000 across its entire product range.

Maruti has followed rivals Hyundai Motor India Ltd and Tata Motors Ltd, which have increased prices to factor in a rise in commodity and other input prices.

India's largest car maker Maruti Suzuki is all set to unveil its new design concept and come Auto Expo the company will showcase its Concept FutureS, an all new compact car design language. From the looks of the it the new concept is a uniquely styled compact car with aggressive styling and expect SUV stance and characteristic s on this compact car which is likely to be sub-4-meter. In a statement, Maruti Suzuki said, "compact is beautiful, #ConceptFutureS beautifully carries forward this Suzuki slogan and creates its own positioning by breaking away from the conventional proportions of a compact car."

Automobile major Maruti Suzuki India on Monday reported a 10.3 per cent rise in its monthly sales for December.

According to the company, its total sales including exports during the month under review rose to 130,066 units from 117,908 units sold during the corresponding month of 2016.

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