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Maruti Suzuki records 292% growth in car subscriptions

According to Maruti Suzuki, its value-added initiatives such as Smart Finance, Subscribe and Rewards; have registered substantial growth in FY2023. The carmaker's Subscription business registered a YoY growth of 292%.

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Maruti Suzuki enters Metaverse, announces launch of ARENAVerse platform

With the launch of ARENAVerse Maruti Suzuki has become the second Indian brand to make its presence in the metaverse after Mahindra; read on for details.

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Maruti Suzuki Smart finance has enough headroom to grow, says Shashank Srivastava

Maruti Suzuki Smart finance has enough headroom to grow, says Shashank Srivastava
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Maruti suzukiShashank srivastavaBestmediainfo bureauGupta delhiSuzuki smart financeSenior executive director

Avenue Supermarts, Maruti Suzuki, Adani Ports in limelight

Avenue Supermarts total revenue for the quarter ended 30 June 2021 stood at Rs.5,183 crore, as compared to Rs. 3,883 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY22 stood at Rs. 224 crore, as compared to Rs. 112 crore in the corresponding quarter of last year. EBITDA margin stood at 4.3% in Q1 FY22 as compared to 2.9% in Q1 FY 21. Net Profit is at Rs. 95 crore for Q1 FY22, as compared to Rs. 40 crore in the corresponding quarter of last year. PAT margin stood at 1.8% in Q1 FY22 as compared to 1.0% in Q1 FY 21. Maruti Suzuki India said the company has launched Maruti Suzuki Smart Finance, a digital end-to-end online car financing platform. Maruti Suzuki Smart Finance is now made available for ARENA as well as NEXA customers. It is also available pan India. It covers a wide range of profiles to meet the demands of a diverse range of customers.

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Sensex, Nifty advance on positive global stocks; breadth strong

Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 288.76 points or 0.55% at 52,674.95. The Nifty 50 index was up 83.90 points or 0.53% at 15,773.70. Upbeat Asian stocks boosted sentiment. The S&P BSE Mid-Cap index was up 0.63%. The S&P BSE Small-Cap index was up 0.93%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 2090 shares rose and 574 shares fell. A total of 112 shares were unchanged. In economic data, the Industrial Production and Manufacturing Production data for May will be released today, 12 July 2021. Inflation rate for June is also due today, 12 July 2021.

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