HOME > BUSINESS > AUTO > Vitara Brezza lifts Maruti Suzuki’s fortunes in FY17

Vitara Brezza lifts Maruti Suzuki’s fortunes in FY17

New Maruti Suzuki Dzire 2017 model to be launched next month

Maruti Suzuki said its revenue increased 20.3% in the three months from January to March this year compared to the same quarter last year, while net profit jumped 16%.

“Growth in volumes, increase in share of the Company’s higher segment models, benefits due to full capacity utilization and cost reduction efforts contributed to increase in profits. This was partially offset by increase in commodity prices and adverse forex movement,” India’s largest carmaker said.

In the fourth quarter, the company sold 4.14 lakh vehicles, an increase of 15%. However, revenue grew even faster primarily because it was able to sell more of higher- and mid-range cars this year compared to last year.

For the full financial year that ended in March, revenue increased 18.5%, while net profit rose 37%.

The biggest driver for the company was its ‘utility vehicle’ segment, which includes the enormously successful Vitara Brezza, along with older models such as S-Cross — which didn’t live up expectations — and Ertiga and Gypsy.

The company sold 1.96 lakh utility vehicles in the year ended March, compared to about 95,000 in the previous year. In other words, it sold 1.01 lakh extra cars in the utility segment this year.

Vitara Brezza, which was introduced in the last few days of the previous year, saw sales of around 1.1 lakh during the year, which boosted the company’s profits.

Mini car — or Alto — sales continued to decline during the full year, but were still substantial at 4.14 lakh, a fall of 4.4%.

Compact cars, which include Baleno, Swift and Dzire, saw an increase of 7.9% in the year to 5.85 lakh.

Ciaz sold 64,448 units during the year.

In all, total domestic sales increased 11% to 14.45 lakh.

It said it expects to get further fillip to the ‘compact’ segment with the launch of new Dzire next month.

The 2017 Dzire is based on the new generation Swift, but will no longer carry the Swift tag in its name.

Maruti Suzuki FY2017 sales by model
Follow ULTRA.news
Skoda brings Octavia’s hi-power RS version to India with 250 kmph speed Czech automaker Skoda has dispelled the uncertainties around the introduction of its performance sedan range, the Octavia RS series, by bringing the RS 230 to India.The model is the most powerful car launched by the company in India and comes with a 2-litre TSI turbocharged,...
Mahindra reports strong auto sales for August, SUV sales up 7% Mahindra & Mahindra Ltd, one of the biggest Indian automakers, reported stronger sales for its SUVs.Total utility or SUV sales for the company came in at 18,225 units, up 7% from 17,119 in August last year.With this, the company has been able to post a growth of 2% in SUV...
Maruti Suzuki to rebrand its car showroom network in India After introducing a separate showroom network for its higher-end cars by the name of NEXA, India's largest carmaker Maruti Suzuki said it will not overhaul, transform and rebrand its remaining car showrooms in the country.The Company targets to set up over 80 showrooms under ...
Tata Power to set up electric vehicle charging stations in Mumbai Tata Power announced its plan to set up electric vehicle charging stations across Mumbai, and has set up the first one at its compound in Vikhroli."These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2O, Nis...
SpiceJet reports 10th quarterly profit in a row SpiceJet reported an 18% growth in its net profit for April-June period at Rs 175 crore, the company said, making it the 10th successive profitable quarter for the airline. Total revenue from operations were Rs 1,869 crore, higher than Rs 1,521 crore for the same quarter las...
Auto-gearshift proves popular; Maruti Suzuki adds it to top-end IGNIS Maruti Suzuki said it has added the auto-gearshift option to the highest variant of its 'millenial-focused' IGNIS small car.AGS is already available on the cheaper variants, Delta and Zeta, and cars enabled with the technology account for 27% of IGNIS Sales, the company said...
Maruti Suzuki introduces hi-tech workshops under NEXA brand Maruti Suzuki today announced the launch of premium workshops and service centers under its 'NEXA' brand.The first NEXA Service workshop has been launched at Gurugram. NEXA Service will be expanded in phases, and Maruti Suzuki expects that nearly 300 NEXA Service workshops wi...
Bharti Airtel profit down 75%, says market remains “turbulent” Bharti Airtel Limited reported a drop of 14% in its revenue for the first quarter, at Rs 21,958 crore. Adjusted for sale of its units, the drop was 11%, it said.Net profit fell 75% to 367 crore rupees for the first quarter. Operating profit was down 18%.India revenues for...
Bharti Airtel Q1 revenue up 10%, profit down 12% Tower provider Bharti Infratel reported a 10% growth in its revenue and profit for the first quarter.The Consolidated revenues for the quarter, at Rs. 3,524 Crore, was up by 10% over the corresponding period last year.Consolidated profit from operations improved to Rs 1,...
ACC net profit up 33%, sales up 18%, volume rises 10% Cement manufacturer ACC Ltd reported a 46% jump in profit before tax to Rs 482 Cr, while sales increased 18% in the first quarter to 3,329 Cr.Net profit rose 33% to 326 cr.Cement volume rose 10% on year."The Company delivered strong volume growth amidst challenging ma...
Mahindra launches fuel-efficient van under Jeeto brand to take on Maruti Suzuki Omni Automaker Mahindra & Mahindra launched a new minivan based on its Jeeto platform, priced at Rs 3.45 lakh before taxes.At the price, the van is likely to appeal to semi-commercial users, such as schools, institutions and shops. The company already has a similar offering on its...
Jet Airways posts profit of Rs 23 cr for Q4 Jet Airways Group today announced its second successive profitable year for the year ended Mar. 31, 2017.For Q4 of FY17, the group reported a net profit of INR 23 crores. The Group reported a consolidated profit of INR 438 crores for the year. "Despite the challenges po...
Larsen & Toubro reports 12% increase in sales, 30% in profit Larsen & Toubro recorded revenue of Rs 36,828 crore for the final quarter of the financial year, recording an increase of 12% on a y-o-y basis.The overall PAT for the quarter January to March 2017 stood at Rs 3,025 crore higher by 29.5%, as compared to Rs 2,335 crore reco...
IGL profit up 23% in fourth quarter, sales up 13% Indraprastha Gas Limited, the supplier of Compressed Natural Gas and Piped Natural Gas in the National Capital Territory of Delhi, Noida, Greater Noida & Ghaziabad today announced its Q4 results.The company’s net profit for the three months ended March increased from Rs. ...
Tech Mahindra net profit down 31% due to rupee, poor growth Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr.In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ.In dollar ter...
Asahi India to invest Rs 500 cr in new plant near Maruti Suzuki Mehsana unit Asahi India said it will set up a state-of-the-art automotive glass plant near Mehsana in Gujarat, primarily to meet the requirements of Maruti Suzuki at its newly-established Gujarat plant.AIS will invest up to Rs 500 crore in the facility in two phases, it said.In ...
Bharti Airtel is successfully adopting the Reliance Jio model It is not every day that a new entrant forces the established players in the market to overhaul their business models. But Reliance Jio seems to be doing just that, and rivals like Bharti Airtel are proving to be quick, if slightly unwilling, learners.In the three months from...
Infosys guides for FY18 growth of 6.5-8.5% in constant currency Infosys Q4 resultsInfosys Ltd said it expects its revenue to grow by a modest 6.5-8.5%, stripped off the impact of currency movements, in the year that started this month.The street was expecting a guidance of 7-9% growth.The guidance is well below the traditional gu...
Despite discounts, Rs 5,000 cr worth of BS-III vehicles unsold Vehicle worth Rs 5,000 cr with BS-III certification could not be sold by the deadline of March 31, the Society of Indian Automobile Manufacturers said today.In addition, it said, the industry sustained a loss of about Rs 1,000-1,500 cr due to the deadline, it said, adding t...
Maruti Suzuki’s Vitara Brezza sells 1.1 lakh units in first year Vitara Brezza, the sports utility vehicle from Maruti Suzuki, has sold over 1.1 lakh units in its first year, the carmaker said in an update marking one year of the car's launch.In total, around 36 lakh four-wheeled passenger vehicles are expected to be sold in India the ...
Wipro reports poor third-quarter, outlook for 1-2% growth Wipro Ltd has reported poor third quarter results.The highlights are as follows.Gross Revenues were 136.9 billion ($2 billion), an increase of 6.4% YoY.Net Income was 21.1 billion, a decrease of 5.7% year on year.Both numbers are below market expectations. ...
Is MARUTI SUZUKI IGNIS worth Rs 5-9 lakh? This is what co thinks Maruti Suzuki India has launched its next-generation compact car IGNIS, starting at a price of Rs 4.6 lakhs before taxes in Delhi.The automatic version starts at Rs 5.74, before taxes, in Delhi.The diesel version has a starting price of 6.4 lakhs, while the diesel automat...
KEC International reports 22.5% rise in operating profit KEC International Ltd, the infrastructure unit of RPG Group, reported a 22.5% rise in EBITDA to Rs 185 cr for its second quarter of FY17.EBITDA margin, which shows how profitable the company’s operations are, increased by 140 bps to 8.7% from 7.3%, reflecting a 28.11% growth ...
Cognizant cuts FY growth guidance to 8.5%-9.0% from 8.5%-9.5% Cognizant, the low-margin, high-growth IT services company, seems to also have fallen prey to the ongoing slowness in the IT outsourcing sector.The company reported revenue growth of just 2.5% -- less than that of Infosys -- for the third quarter of this calendar year. Infosy...
Maruti Suzuki sees strong demand for S-Cross, Vitara Brezza in October Maruti Suzuki´s utility vehicle sales doubled in October, riding on the launch of new models like Vitara Brezza and S-Cross.The SUV (utility vehicle) sales increased 90.9 % to 18,008 vehicles in the month compared with last year.This is a continuation of the trends se...