Maruti Suzuki India Limited is an Indian Automobile Industry. It was incorporated in 1981 by the government of India. It has its headquarter in New Delhi, India. Area of operation is mostly India. The products include Automobiles, Commercial vehicles and automotive parts. In 1982 a joint venture agreement (JVA) was signed between Maruti Udyog Ltd., and Suzuki of Japan to set up Maruti India. Maruti Suzuki has two manufacturing units located in Haryana and in Gujarat. These manufacturing units are wholly-owned by parent company Suzuki which supplies its entire production to Maruti Suzuki.
Key Financial Highlights
| INR in million | 31-03-2022 | 31-03-2021 |
| Total Revenue from Operation | 2,67,400 | 2,40,237 |
| Total income | 2,72,144 | 2,41,135 |
| Profit Before Tax | 21,980 | 13,075 |
| Profit | 18,389 | 11,661 |
Standalone Highlights
Sale of vehicles during the Quarter, lowered by 0.7% to 488,830.
Net Sales increased by 11.1% to INR 255,140 million.
Operating profit increased by 42.4% to INR 17,796 million.
Net profit increased by 57.7% INR 18,389 million.
Consolidated Highlights
The Net Profit for FY 2022 declined by 11% to INR 37,663 million.
Net Sales for FY 2022 is INR 837,981.
The sales in the domestic market increased by 3.9% to 1,414,277 units.
Outlook
The company expects passenger vehicle segment to be in the range of 34 lakhs to 35 lakhs.
The supply situation constraint will impact production volumes, for 2022, ’23 as well.
The company has plans of introducing its first BEV by 2025.
Management Talks
During financial year ’21-’22, the company’s sales volumes in the domestic passenger vehicle market grew by 2.9%, including the sales of light commercial vehicles. The overall sales into the domestic market for the company grew by 3.2%. The shortage of electronic components largely affected the production of vehicles sold in the domestic market, and not as much in the production of vehicles for exports. As a result, the company was able to fulfill the export orders and recorded the highest ever vehicle exports of 238,376 units. The supply situation of electronic component continues to be unpredictable. It might have some impact in the other production volumes, for 2022, ’23 as well.
Management Updates
The company declared dividend of INR 60 per share.
The company has achieved highest export of 2,38,376 units.
Business Updates
Maruti Suzuki India has decided to expand service network in rural markets.
Suzuki has decided to Invest ₹10,445 Crore For Local Manufacturing Of Electric Vehicles In India. |
Maruti Suzuki has decided to make Sonipat unit as its largest production base in India.
Maruti Suzuki India Limited has appointed Hisashi Takeuchi appointed as MD & CEO, effective from 1st April 2022.