The country's largest carmaker Maruti Suzuki India on Wednesday reported first ever quarterly loss since becoming public 17 years back with a consolidated net loss of Rs 268.3 crore for the first quarter ended June 30, hit hard by coronavirus pandemic.

The auto major, which got listed way back in July 2003, had posted a consolidated net profit of Rs 1,376.8 crore in the April-June quarter of 2019-20.

Net sales declined to Rs 3,679 crore in the first quarter as against Rs 18,738.8 crore in the year-ago period, MSI said in a statement.

On a standalone basis, the company reported a net loss of Rs 249.4 crore for the first quarter ended June 30.

It had posted net profit of Rs 1,435.5 crore on standalone basis in April-June of 2019-20.

The auto major's net sales during the period under review declined to Rs 3,677.5 crore, as compared to Rs 18,735.2 crore in the year-ago period.

During the first quarter, MSI sold a total of 76,599 vehicles. Sales in the domestic market stood at 67,027 units, while exports were at 9,572 units.

The company had sold 4,02,594 units in the first quarter previous fiscal.

"Owing to the global pandemic of COVID-19, it was an unprecedented quarter in the company's history wherein a large part of the quarter had zero production and zero sales in compliance with a lockdown stipulated by the government," MSI said.

Production and sales started in a very small way in May, it added.

The company's first priority was health, safety and wellbeing of all employees and associates across the value chain, including its customers, the auto major said.

"Hence, with carefully designed safety protocols, which went far beyond compliance levels, the production in the whole Quarter was equivalent to just about two weeks' of regular working. The results have to be viewed in this context," it noted.

MSI stock ended 1.62 per cent down at Rs 6,185.6 on the BSE on Wednesday.

The country's largest carmaker Maruti Suzuki India on Wednesday reported first ever quarterly loss since becoming public 17 years back with a consolidated net loss of Rs 268.

The country's largest carmaker Maruti Suzuki India on Wednesday reported first ever quarterly loss since becoming public 17 years back with a consolidated net loss of Rs 268.3 crore for the first quarter ended June 30, hit hard by coronavirus pandemic. The auto major, which got listed way back in July 2003, had posted a consolidated net profit of Rs 1,376.8 crore in the April-June quarter of 2019-20. Net sales declined to Rs 3,679 crore in the first quarter as against Rs 18,738.8 crore in the year-ago period, MSI said in a statement. On a standalone basis, the company reported a net loss of Rs 249.4 crore for the first quarter ended June 30. It had posted net profit of Rs 1,435.5 crore on standalone basis in April-June of 2019-20. The auto major's net sales during the period under review declined to Rs 3,677.5 crore, as compared to Rs 18,735.2 crore in the year-ago period. During the first quarter, MSI sold a total of 76,599 vehicles. Sales in the domestic market stood at 67,027 units, while exports were at 9,572 units. The company had sold 4,02,594 units in the first quarter previous fiscal. "Owing to the global pandemic of COVID-19, it was an unprecedented quarter in the company's history wherein a large part of the quarter had zero production and zero sales in compliance with a lockdown stipulated by the government," MSI said. Production and sales started in a very small way in May, it added. The company's first priority was health, safety and wellbeing of all employees and associates across the value chain, including its customers, the auto major said. "Hence, with carefully designed safety protocols, which went far beyond compliance levels, the production in the whole Quarter was equivalent to just about two weeks' of regular working. The results have to be viewed in this context," it noted. MSI stock ended 1.62 per cent down at Rs 6,185.6 on the BSE on Wednesday.

COVID-19 effect: Maruti Suzuki posts first quarterly loss in 17 years

The country&#39;s largest car maker Maruti Suzuki India (MSI) launched an all new version of its compact sedan Dzire, priced between Rs 5.45 lakh and Rs 9.41 lakh (ex-showroom Delhi).

The petrol variants with manual powertrains are priced between Rs 5.45 lakh and Rs 7.94 lakh while the diesel trims are tagged between Rs 6.45 lakh and Rs 8.94 lakh.

The petrol automatic variants are priced between Rs 6.76 lakh and Rs 8.41 lakh while the diesel trims with automatic transmission are in the range of Rs 7.76 lakh and Rs 9.41 lakh (all prices ex-showroom Delhi).

Dzire will compete with the likes of Hyundai Xcent, Honda Amaze, Ford Aspire and Volkswagen Ameo. These models are priced in the range of Rs 4.7 lakh to Rs 8.41 lakh.

&quot;The new Dzire is bound to create plenty of excitement in the Indian automobile market,&quot; MSI Managing Director and CEO Kenichi Ayukawa told reporters here.

The model was specially created for India and has been one of the most popular brands ever in the Indian auto market, he added.

&quot;Now we have designed a whole new Dzire for sedan customers to fulfil the growing aspirations of a young and prosperous India,&quot; Ayukawa said.

The company has already received bookings for 33,000 units so far. MSI along with its suppliers has invested over Rs 1,000 crore for the new generation Dzire. The compact sedan comes with around 99 per cent localisation.

The new Dzire comes with a 1.2-litre petrol engine and a 1.3-litre diesel powertrain. It is wider by 40 mm than the outgoing version. It also comes with 62 litres of extra boot space and extra leg room of 55 mm compared to the previous Dzire.

The model delivers fuel efficiency of 28.4 km per litre for diesel version and 22 km per litre for petrol powered versions, MSI claimed.

The sedan would be mainly produced at the company&#39;s Manesar facility. The present generation Dzire would now be sold as Dzire Tour to fleet operators. The company has till date sold 14 lakh units of the model in India since the launch of first generation Dzire in March 2008.

Dzire has been instrumental in making the company a strong player in the entry sedan segment. The model has been contributing to around 50 per cent of vehicle sales in the compact sedan segment.

In 2016-17, the Dzire came third in the top 10 best selling list of passenger vehicles. It was the second best selling model among passenger vehicles in 2015-16. Last full model change of the Dzire happened in February 2012.

(PTI)

Dzire will compete with the likes of Hyundai Xcent, Honda Amaze, Ford Aspire and Volkswagen Ameo.

The country's largest car maker Maruti Suzuki India (MSI) launched an all new version of its compact sedan Dzire, priced between Rs 5.45 lakh and Rs 9.41 lakh (ex-showroom Delhi). The petrol variants with manual powertrains are priced between Rs 5.45 lakh and Rs 7.94 lakh while the diesel trims are tagged between Rs 6.45 lakh and Rs 8.94 lakh. The petrol automatic variants are priced between Rs 6.76 lakh and Rs 8.41 lakh while the diesel trims with automatic transmission are in the range of Rs 7.76 lakh and Rs 9.41 lakh (all prices ex-showroom Delhi). Dzire will compete with the likes of Hyundai Xcent, Honda Amaze, Ford Aspire and Volkswagen Ameo. These models are priced in the range of Rs 4.7 lakh to Rs 8.41 lakh. "The new Dzire is bound to create plenty of excitement in the Indian automobile market," MSI Managing Director and CEO Kenichi Ayukawa told reporters here. The model was specially created for India and has been one of the most popular brands ever in the Indian auto market, he added. "Now we have designed a whole new Dzire for sedan customers to fulfil the growing aspirations of a young and prosperous India," Ayukawa said. The company has already received bookings for 33,000 units so far. MSI along with its suppliers has invested over Rs 1,000 crore for the new generation Dzire. The compact sedan comes with around 99 per cent localisation. The new Dzire comes with a 1.2-litre petrol engine and a 1.3-litre diesel powertrain. It is wider by 40 mm than the outgoing version. It also comes with 62 litres of extra boot space and extra leg room of 55 mm compared to the previous Dzire. The model delivers fuel efficiency of 28.4 km per litre for diesel version and 22 km per litre for petrol powered versions, MSI claimed. The sedan would be mainly produced at the company's Manesar facility. The present generation Dzire would now be sold as Dzire Tour to fleet operators. The company has till date sold 14 lakh units of the model in India since the launch of first generation Dzire in March 2008. Dzire has been instrumental in making the company a strong player in the entry sedan segment. The model has been contributing to around 50 per cent of vehicle sales in the compact sedan segment. In 2016-17, the Dzire came third in the top 10 best selling list of passenger vehicles. It was the second best selling model among passenger vehicles in 2015-16. Last full model change of the Dzire happened in February 2012. (PTI)

Maruti rolls out all new Swift Dzire at Rs 5.45 lakh

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COVID-19 effect: Maruti Suzuki posts first quarterly loss in 17 years

Maruti rolls out all new Swift Dzire at Rs 5.45 lakh