Ever since the Society of Indian Automobile Manufacturers (SIAM) announced a voluntary recall policy in 2012, carmakers have resolved defects in more than half a million vehicles.

Riding on the strategy of focusing on first time buyers and rural markets, country's largest carmaker Maruti Suzuki India (MSI) has increased its market share in passenger vehicle segment in the first quarter of the current fiscal to 42 per cent.

In the April-June period, the company sold 2,41,812 units of passenger cars and utility vehicles out of an industry total of 5,73,038 units, garnering 42.19 per cent market share, according to latest SIAM data.

In a revival sign for the country’s troubled automobile industry, nine leading carmakers’ combined sales in June was 18 per cent higher than those in the same month last year.

A new and stable government at the Centre seemed to have bolstered consumer sentiment, as buyers returned to showrooms — the nine passenger vehicle manufacturers that released their numbers on Tuesday sold a combined 204,287 units in the month, compared with 173,624 in June 2013.

Country's largest car-maker Maruti Suzuki India (MSI) today reported a 33.5 per cent increase in its total sales for June at 1,12,773 units as against 84,455 units in the same month last year.

Maruti Suzuki India said its domestic sales rose by 31.1 per cent during the month to 1,00,964 units as against 77,002 units in June 2013.

After registering a 15 per cent exports drop in 2013-14, the country's largest passenger car maker, Maruti Suzuki India Ltd (MSIL), aims to crack new markets. And, the largest car exporter, Hyundai Motor India Ltd (HMIL), plans to add new models to its export kitty, to maintain its first position.

MSIL exports to over 100 countries and is now focussing on developing new markets —examples are Angola, Mozambique and Benin in Africa, apart from Panama, Uruguay and Colombia.

MUMBAI: The Indian auto market is only just about recovering after three bad years, but the country's biggest car maker is betting that not only will buyers flock back to showrooms soon, but also many will be looking to upgrade from the company's bread-and-butter range of small cars

Maruti Suzuki India (MSIL), the company responsible for launching India's small-car revolution in 1983 with the 800, is shifting its strategy in line with this thinking - it's going bigger and hopefully better, even though its record on selling larger cars hasn't been all that successful

We maintain our 'buy' rating on Maruti Suzuki India with a 12-month target price of R2,700 per share, which implies relative valuation of 16.5x FY16e EPS (RFR 7%, ERP 7.1%, WACC 13% and TGR 2%). MSIL is well-placed to benefit from an upturn in domestic 4W demand, particularly in entry-level compact cars which account for 24% and 35% of industry and MSIL’s volumes, respectively.

Car makers have started hiring from Gujarat's industrial training institutes (ITIs) for their factories across the country.

Maruti Suzuki India Ltd last year administered tests to 1,100 candidates at the Kubernagar ITI in northeast Ahmedabad. "Maruti Suzuki had recruited 40-45 candidates here for their Gurgaon plant. It has indicated it will test candidates again this month. Accordingly, we have prepared a list of around 1,000," said A J Pandey, placement coordinator for the Kubernagar ITI.

The Gujarat government is has set the ball rolling on developing a Japanese industrial cluster near the Maruti Suzuki India Ltd (MSIL) factory at Hansalpur.

Already, the area has managed to attract projects from leading Japanese companies like Honda Motorcycle and Scooter India (HMSI), a subsidiary of Mitsubishi Aluminium company, around four medium sized engineering companies from Japan, apart from the MSIL plant, which is to be built by a wholly owned subsidiary of its Japanese parent Suzuki Motor Corporation.

Shares of Maruti Suzuki India rallied 1 percent intraday on Monday. The car manufacturer which agreed to let parent Suzuki Motor Corporation own an upcoming plant in Gujarat, expects to save about Rs 10,500 crore in the first 15 years by not investing in the facility.

In a presentation filed to the BSE related to the contentious Gujarat plant, the company said it proposes to enter into a contract manufacturing agreement (CMA) with Suzuki Motor Gujarat (SMG), a fully owned subsidiary of Suzuki Motor Corporation (SMC).

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