Maruti Suzuki's has missed its set date for entering the light commercial vehicle (LCV) segment as activism against diesel continues unabated.

The country's largest car maker was to launch a mini truck, which it has been developing since 2013, before March 31, but will now launch it in the coming year.

Maruti’s sales are lower by 1% y-o-y at 117,451 units in February. Dispatches were impacted due to production shortage (state of Haryana witnessed disruption due to protests, which impacted production of OEMs). The production loss was 10,000 units. We are currently Neutral on Maruti Suzuki while the stock has corrected from peak levels, the concerns around margins remain against the backdrop of a weakening rupee.

The country’s largest car maker and second-largest exporter of passenger vehicles Maruti Suzuki is looking at export opportunities for S-Cross. The company has shipped a small number of its first crossover vehicle to neighbouring markets like Nepal and Bhutan.

A company’s spokesperson said that about 25-30 units have been shipped so far. “Based on the feedback, we will decide the future course”, the spokesperson said. Maruti Suzuki has exported a total of 113,447 vehicles in the eleven months ending February, marginally down from same period last year.

Mumbai: Domestic sales of car market leader Maruti Suzuki India Ltd remained almost flat in February over the year-ago period as production at its facilities in Haryana got crippled following the Jat reservation agitation. The maker of Swift and DZire models sold 108,115 units during the month compared with 107,892 units last year, the company said in a statement on Tuesday.

Shares of Maruti Suzuki India have fallen to 14-month lows of Rs 3,202 after declining 6%, bringing down its market capitalisation (market-cap) below Rs 1 lakh crore on the Bombay Stock Exchange (BSE).

At 03:15 PM, the stock was trading at Rs 3,221, its lowest level since October 2014, with a market-cap of Rs 97,904 crore.

Shares of Maruti Suzuki India have dipped 2.4% to Rs 3,495 on the BSE in early morning trade after the company said it has temporarily suspended production at its Gurgaon and Manesar plants on account of the ongoing agitation.

“Owing to the agitation in Rohtak and nearby areas, supplies of certain components have been disrupted. As a consequence, the Company has had to temporarily suspend manufacture of cars at its facilities in Manesar and Gurgaon, starting Saturday (February 20) second half”, Maruti said in a statement.

Widespread protests by Jats seeking caste-based reservations in several parts of Haryana has crippled the supply of components to automakers, forcing players like Maruti Suzuki to temporarily suspend production at its two plants in the state.

The country’s largest carmaker said it has suspended production at its Gurgaon and Manesar plants starting Saturday afternoon.

New Delhi, Feb. 3: Maruti Suzuki India Ltd, India's largest carmaker by sales, is eyeing sales of 2 million cars annually in India by 2020, said Toshihiro Suzuki of Suzuki Motor Corporation.

"The Indian auto market will be the third largest in the world. We will bring 15 new models by 2020. We will offer the best technologies here. We are going to double our sales network. We have 100 Nexa showrooms already.

Maruti Suzuki India has dipped 3% to Rs 3,971 on the BSE after the country’s largest car-maker reported a 2.6% decline in total sales in January 2016 at 113,606 units, due to lower export sales. The company had sold 116,606 units in the same month in 2015.

Earlier, in the month of March 2015, Maruti Suzuki India had recorded negative growth of 1.6% in monthly sales.

Desperate to maintain its stranglehold on the domestic car market, Maruti Suzuki, India’s largest car manufacturer, has started the process of setting up regional offices that will oversee real estate purchases for its future dealerships.

The company plans to buy properties and rent it out to its dealers instead of the latter making heavy investment in buying showroom spaces. This way, Maruti believes, it can minimise migration of investments by dealers who have been looking at opportunities in other commercial areas such as supermarkets or malls.

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