Maruti Suzuki is best placed to benefit from a recovery in passenger vehicle sales on the back of falling fuel prices, new product launches and a strong distribution network. The success of its recent launches, coupled with new products, is expected to ensure a robust double-digit growth in volumes going ahead. The management expects a 10 per cent volume growth in the current financial year. Analysts say given the 13 per cent growth in domestic volumes for FY15 (year-to-date), the company should grow between 11 per cent and 14 per cent in the current financial year.

While a recovery will help all automobile makers, Maruti Suzuki will benefit the most given the higher growth for entry level models in a turnaround. Jinesh Gandhi of Motilal Oswal Securities says, Fuel price deflation, after 11-14 per cent annual growth for petrol/diesel since FY10, coupled with improving macro environment and consumer sentiment, would help in reviving passenger vehicle demand, especially for entry-level cars.

Maruti Suzuki India Ltd (MSIL) recently got its single largest order, of a little over 4,000 units of its sports utility vehicle, the Gypsy, from the Indian Army.

The company declined to disclose the deal’s financial value, as the contract was finalised through central government tendering. The rate at which vehicles are being supplied to the army is different from the sale price in the domestic market. However, as the Gypsy’s ex-showroom price is Rs 5.42-5.96 lakh in this city, the order should be Rs 216-238 crore.

Maruti Suzuki India has moved higher by 2.2% to Rs 3,410 on BSE after reporting 19.5% year on year increase in its total sales to 110,147 units in the month of November 2014. The car maker had sold 92,140 units during the same month last year.

Domestic sales during the month stood at 100,024 units, up 17% from 85,510 units in November previous year, Maruti Suzuki India said in a statement.

Markets continued to trade firm in late noon trades led by rate sensitive shares on hopes of a rate cut by the central bank and index heavyweight Reliance Industries.

At 2:15PM, the 30-share Sensex is up 333 points at 28,772 and the 50-share Nifty has gained 109 points to trade at 8,604.

Maruti Suzuki India’s grip on the country’s car market tightened in October with six of its models, including the newly launched mid-sized sedan Ciaz, featuring in the top 10 selling brands in the month.

According to the Society of Indian Automobile Manufacturers Association (SIAM) while entry level model Alto continues to lead the best selling model chart, Maruti’s compact sedan Dzire moved up to the second spot ahead of popular premium compact Swift, which has slipped to the fourth spot behind WagonR.

Tata Motor’s Zest is not able to match up to its competition sales figures mainly because of production constraints, which the company has failed to iron out even three months after launch of the sedan. The waiting period on all-new car from the struggling Mumbai-based company is several weeks, even as competing models in the segment are available off-the-shelf and even at a discount.

Zest buyers are forced to wait up to six weeks for the automated manual transmission (AMT) version, available only on this car in the compact sedan segment.

Maruti Suzuki India Limited aims to design and develop its own car, without much support from its Japanese parent Suzuki Motor Corporation (SMC), by 2017, an official said.

India’s largest carmaker, which draws much of its technical know-how from SMC, is keen on its 2,000-strong research and development (R&D) team making a car.

Country's largest car-maker Maruti Suzuki India (MSI) today reported a 1.1% decline in total sales in October at 1,03,973 units as against 1,05,087 units in the same month last year.

The company said its domestic sales rose by 1% during the month to 97,069 units as against 96,062 units in October, 2013.

Maruti Suzuki India, the country’s largest carmaker and Axis Bank, the third largest private bank, have joined the elite club of companies with market capitalisation (m-cap) of more than Rs 1 lakh crore. Shares of both these companies hit their respective lifetime highs during intra-day deal on the bourses.

At 1340 hours, shares of Axis Bank up about 2% to Rs 437 on the BSE, taking its market value to Rs 1,03,154 crore.

Benchmark indices have opened at record high levels on Friday on the back of firm global cues and and heavy FII buying. Also, the government's announcement of FDI norms for real estate sector boosted investor sentiment

At 9:40AM, the 30-share Sensex is up 198 points at 27,544 and the 50-share Nifty has gained 57 points at 8,226.

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