Maruti Suzuki India Limited

The choice hasn't been there, so now it's all coming.

You've had Maruti with the Victoris, Grand Vitara, uh, s- uh, Toyota with-

Right

...

A- absolutely.

I, I think the biggest challenge really is the cost because it doesn't really get any GST benefit.

I think a lot of manufacturers like Toyota, Maruti have been pushing for it.

Right.

that was also suddenly a thing a ridiculously bad car and clearly they're no longer around anymore so they have they have paid the due for making a terrible car but yeah there were these four cars suddenly came before that there was a Zen Zen

was made by Maruti

Maruti Maruti Zen yeah of course there's there's the Maruti 800 and there was a Zen and then these four came in and suddenly people are buying all these hatchbacks this was before I guess a middle class family could afford a sedan or a fancier car SUVs or whatever but yeah Santro I was very pleasantly surprised is named after French city because they wanted to project fashionable with the idea of the name

no because when you think of it the other there are other models of Hyundai Santa Fe

yeah

Electricity can account for up to 40% of operating costs in secondary steel making renewable power at 4.5 rupees per unit a compelling alternative to grid tariffs ranging near 7 rupees.

Maruti Suzuki aims to raise renewable usage from nearly 23% in 2026 to 85% by 2031 through an investment of Rs 1,000 crore.

This strategy transitions from mere sustainability marketing into a core strategic tool for long-term business viability and decarbonization.

The government is backing this shift with the National Green Hydrogen Mission targeting 5 million tonnes of annual production by 2030.

You know, a few brands did to a few markets.

I mean, Maruti, I think, began in the 80s, you know, late 80s, 88 or 87, I think, began exporting a few cars.

Neighboring countries, Bangladesh and, you know, Sri Lanka, Nepal.

But then I think in early 90s, as we were talking to Maruti, they were telling us that early 90s, they began to Europe.

And I remember, you know, they were exporting to markets like Italy, France, you know, so that was quite heartening because they were developed markets.

It wasn't just Eastern European maybe markets.

Interestingly, Ketan, you know, there's a very interesting story also is that they were exporting to some markets as Maruti Suzuki.

So I remember Algeria for a short while, they were going as Maruti Suzuki.

It's two very different segments, and it's after a lot of years that the Skodas and the Volkswagens and, you know, the Hyundais and the Kias started coming in.

So then you knew, okay, I have a, let's say a, I have a Maruti, a Suzuki, and now I want to a little more and a little more and a little more.

So people had choices.

And n- as the disposable incomes of urban India started rising, the rise of Gen Z started happening.

But getting here involved a fight over small cars.

Maruti Suzuki wanted an extra three grams of carbon dioxide per kilometer benefit for petrol cars weighing up to 909 kg with engines no larger than 1,200 cc and a length no greater than four meters.

So put simply, a qualifying car emitting 100 grams of carbon dioxide per kilometer would count as emitting 97 grams.

Its actual emissions would stay the same, but the lower figure would help Maruti meet its fleet average limit.

Tata Motors, Mahindra, and others opposed it, arguing that it would mostly favor Maruti.

And they also questioned a cutoff that would treat cars just above and below 909 kg differently.

And the dispute reportedly reached the Prime Minister's office, which we covered at the time.

The proposed three grams per kilometer concession would have lowered a qualifying car's counted emissions, but the revised formula raises the permitted limit for lighter fleets instead.

A move of that magnitude demands attention before any position is taken.

Weakness in Maruti Suzuki down 4.59% and Mahindra and Mahindra down 3.27% signals the auto sector is under broad selling pressure this morning.

Sriram Finance is expected to face selling down 4.18% in pre-market with rate-sensitive financial names broadly under pressure ahead of Wednesday's RBI decision.

For levels, Nifty has support near 22,223.

further up and so that's going to get the diesel and the you know hybrid and things like that so that would be a two-pronged attack in the mid-size suv space right

no i think it's a very good strategy and clearly i think the beyond will be a a pretty core kind of product because uh as you said with the creta moving up market a big gap between the venue and the creta then and this really fits in well And it's a similar strategy to what Maruti has done with the Victoris, for example.

Though Victoris is much closer to Gran Vitara than I think the Bayonne would be to the new Creta eventually.

So I think really this Bayonne, in fact, it's a start of a Hyundai offensive as well.

So

it'll be the typical soft parts, just the grill and stuff like that.

I think sometimes they get their design better than Maruti.

So I don't know.

Well, I've done a blank page before.

When I was working for Sumitomo, I had an opportunity to create something in a joint venture with Maruti Suzuki, which is the number one car company in India.

So I had done a blank page before and I, I was fascinated by the opportunity to create something which did not exist.

So if I were to sort of work in a established organization, I would be simply, you know, working and moving the furniture around a bit.