Tag: Maruti Suzuki

Maruti Suzuki partners with Union Bank of India for Dealer Financing solutions

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Telugu super news,New Delhi, February 27, 2024: Maruti Suzuki India Limited (MSIL) today announced the signing of a Memorandum of Understanding (MoU) with Union Bank of India for Inventory Funding. This new alliance further enhances comprehensive inventory funding options for over 4000 Maruti Suzuki sales outlets across the country.

The MoU was signed in the presence of Mr. Shashank Srivastava, Senior Executive Officer
-Marketing & Sales, Mr. Nobutaka Suzuki, Executive Officer -Marketing & Sales, Mr.
Bhuvan Dheer, Executive Vice President-Sales & Network and Mr. Vishal Sharma, General
Manager-Allied Business from Maruti Suzuki; and Ms. A Manimekhalai, Managing
Director & CEO, Mr. Rama Subramanian, Executive Director, Mr. Sanjay Rudra, Executive
Director, Mr. Nitesh Ranjan, Executive Director and Mr. Nidhu Saxena, Executive Director,
Union Bank of India, along with other senior members from both organisations.


Speaking on the partnership, Mr. Shashank Srivastava, Senior Executive Officer, Marketing
& Sales, Maruti Suzuki India Limited, said, “As a company, we take great care in nurturing
our resilient dealer network. We proactively align our efforts in meeting the evolving
demands of customers and the market. Our partnership with Union Bank of India since 2008,
has steadily evolved and reached a significant milestone of facilitating over 300,000 MSIL car
finance cases till date.

As a next milestone of our association, we are entering into an
inventory funding MoU which will focus on innovative financing solutions for dealer partners.
This strategic alliance strengthens our enduring relationship with Union Bank, harnessing the
combined capabilities of MSIL and Union Bank to deliver customized retail finance products
and comprehensive working capital solutions.”

L to R: Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, Ms. A Manimekhalai, Managing Director & CEO, Union Bank of India, and Mr. Nobutaka Suzuki, Executive Officer, Marketing & Sales, Maruti Suzuki India Limited at the signing of the Memorandum of Understanding (MoU).

Speaking on the occasion, Ms. A Manimekhalai, Managing Director & CEO, Union Bank of
India, said, “As one of the largest Public Sector Banks, we are delighted to partner with
Maruti Suzuki India Limited (MSIL) – one of the leading car manufacturers in the country.

The MoU is surely a big step towards providing vital inventory funding support to Maruti Suzuki’s extensive dealer network seamlessly across the country, reinforcing our dedication to
empowering businesses through innovative financial products.

Dealer finance stands as a cornerstone of our commitment to dealerships, offering a suite of tailored financial solutions. The Bank’s comprehensive range of products and services are crafted to support dealers at every stage of their business journey. By providing timely access to flexible financing options, we empower dealers to optimize their operations, enhance their competitiveness, and unlock new growth opportunities.”

Maruti Suzuki partners with Jammu & Kashmir Bank for Dealer Financing solutions

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Telugu super news,New Delhi, January 29, 2024: Maruti Suzuki India Limited (MSIL) today announced the signing of Memorandum of Understanding (MoU) with Jammu & Kashmir Bank for Inventory Funding. This new alliance will empower over 4000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital requirements.

The MoU was signed in the presence of Mr. Shashank Srivastava, Senior Executive Officer —Marketing & Sales, and Mr. Vishal Sharma, General Manager — Allied Business from Maruti Suzuki; and Mr. Baldev Prakash, Managing Director & CEO, Mr. Sudhir Gupta, Executive Director, Mr. Ashutosh Sareen, General Manager of Jammu and Kashmir Bank, along with other senior members from both the organisations.

Speaking on the partnership, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “As a company, we take pride in the robust dealer network which truly forms the bedrock of our business. We are committed to support our dealers in ensuring their readiness as per evolving customer and market needs. Our collaboration with J&K Bank will focus on innovative financing solutions for inventory funding for our dealer partners. This strategic alliance reinforces our long-term association with J&K Bank leveraging the strength of both the MSIL and J&K Bank to offer tailored retail finance products and end-to-end working capital solutions, thus marking a significant milestone for both the organisations.”

Commenting on the partnership, Mr. Baldev Prakash, Managing Director & CEO, J&K Bank, said,“As premier financial institution of J&K and Ladakh, we are delighted to partner with Maruti Suzuki India Limited – one of the leading car manufacturers in the country. The MoU is surely a big step towards providing vital inventory funding support to Maruti Suzuki’s extensive dealer network seamlessly across the country, reinforcing our dedication to empowering businesses through innovative financial products.”

“And we perceive this partnership more as a strategic alliance. For, while being a win-win for both the partners, it also reflects our commitment towards facilitating customer convenience and fuelling business growth across our operational geographies”, he added.

Maruti Suzuki celebrates ‘ARENAversary’Six glorious years with over 7.05# million customers

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Telugu super news, National, August 31, 2023: Being at the forefront of transforming the Indian automobile retail network, Maruti Suzuki India Limited (MSIL) celebrates six glorious years of its ARENA retail channel in the country. Offering a new-age and evolved car buying experience, ARENA has touched the lives of over 7.05 million customers through its strong dealership network of 2853 outlets, across 2392 cities. With the launch of its first showroom in 2017, ARENA has been a pioneer in offering tailor-made, digitised, seamless car buying experiences to its diverse, young, dynamic, trendy and tech savvy customers. Ensuring constant, evolution, 24 of the 26 steps in the automotive consumer journey have been digitalised to match changing customer needs. This is just one of the many aspects which makes Maruti Suzuki ARENA the most desired vehicle retail network.

Speaking on this milestone, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Driven by the idea of offering tailor-made experiences, the ARENA channel has been able to touch the lives of over 7.05 million customers, in just six years. This is a true testament of the customer’s trust and confidence in the channel, encouraging us to meet and exceed their expectations. With 2,853 modern and trendy outlets, offering warm and personalised experiences for its young and dynamic customers. The ARENA channel boasts of an unmatched, seamless and connected car buying experience. In its effort to fulfil ever-evolving customer needs and offer them experiences at par with global benchmarks, the ARENA channel has emerged as the definitive choice for Indian car buyers.”

“With over 29% standalone market share in FY 23-24 till July’23, Maruti Suzuki ARENA is a clear leader in the Automotive segment. The ARENA portfolio of 9 products, has contributed to 68% of overall Maruti Suzuki sales#, posing a strong outlook for the rest of the financial year.” He added.

To celebrate its sixth “ARENAversary”, ARENA will launch a new brand campaign – “Find Your Match”. The campaign has been designed to nurture the thought that customers find not just their cars, but also form relationships with Maruti Suzuki ARENA. “Find Your Match” articulates the thought that Maruti Suzuki ARENA is where every customer begins a cherished journey with their new automobile.

All ARENA showrooms are designed to offer unique experiences through modern technology, such as car customisation, access to detailed product information and digital exploration though ARENAVerse – a Metaverse platform for the company’s ARENA showroom network.

Maruti Suzuki brings ‘Xpress Car Loans’ feature on their Smart Finance platform in partnership with HDFC Bank

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Telugu super news,National, August 11, 2023: Maruti Suzuki India Limited had launched India’s first online end-to-end car financing platform – Maruti Suzuki Smart Finance in 2020 with integrated finance offering in the sales journey, aimed at providing an easy and convenient car financing solution to the prospective car buyers. The platform empowers customers by letting them check and compare offers from multiple finance partners, customize and choose best offers with transparency and apply loan digitally from anywhere, thus enhancing customer experience.

Maruti Suzuki now brings an instant loan feature – HDFC Bank ‘Xpress Car Loans’ on Maruti Suzuki Smart Finance platform to meet the evolving need of digital savvy customers. Further facilitating seamless car financing solutions, the introduction of the HDFC Bank ‘Xpress Car Loans’ feature will make the car buying experience even more convenient for prospective Maruti Suzuki customers.  

Fortifying their partnership, the introduction of this exciting feature will enable loan disbursal to eligible customers from their choice of available financiers within 30 minutes, allowing them to get their new Maruti Suzuki car financed from the comfort of their homes, without any hassle. This end-to-end digital car financing journey is completely paperless, with all the verifications required for the loan (E-KYC, Video KYC and Address Verification) carried out digitally on a real-time basis.

The roll-out of the HDFC Bank ‘Xpress Car Loans’ feature was announced in the presence of Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, and Mr. Arvind Kapil, Country Head, Retail Asset, HDFC Bank, along with other senior officials.

Rolling out the customer-centric feature, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Enhancing the end-to-end car financing journey for our customers, we are proud to announce the launch of HDFC Bank ‘Xpress Car Loans’ feature on our Smart Finance platform. Since the inception of the platform in 2020, Maruti Suzuki Smart Finance has disbursed loans to over 1 million customers. And with the roll-out of this customer friendly feature, we will now be able to facilitate loan disbursal in under 30 minutes for our potential customers as per their eligibility. It is our firm belief that this feature on our platform in partnership with HDFC Bank, will allow us to cater to customers in owning a car of their choice in the most seamless manner.”

Commenting on the partnership, Mr. Arvind Kapil, Country Head, Retail Assets, HDFC Bank, said, “Since the beginning of our partnership with Maruti Suzuki, our journey has been fruitful, and we have constantly discovered new ways to enhance customer financing experiences. Being the No. 1 OEM and No. 1 Automobile financiers, we firmly believe Indian consumers must enjoy world class car buying experience enabled by a smooth finance process. The roll-out of the HDFC Bank ‘Xpress Car Loans’ feature on Maruti Suzuki’s Smart Finance platform, will further help create a faster, convenient, and unified digital journey for car buyers. Xpress Car Loans is industry’s first end-to-end digital car loan platform. Since inception 75000+ customer have benefited without having a need to submit any paper for their car loan needs.”

Maruti Suzuki True Value celebrates milestone of 50 lakh pre-owned car sales 

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Telugu super news,Hyderabad, August 9, 2023: Country’s most trusted* pre-owned car brand, Maruti Suzuki True Value, achieves a landmark milestone of selling 50 lakh pre-owned cars. Introduced in 2001, it has been a one-stop destination to buy and sell quality pre-owned cars. The hassle-free purchase and sale experience for customers along with cars that are safe and reliable have continuously ensured the success of True Value.

Speaking on the milestone, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “True Value was launched with the aim of providing customers with the opportunity of owning a pre-owned car in the most secure and hassle-free manner. With the successful completion of 22 years in the industry, India’s most trusted* pre-owned car brand, Maruti Suzuki True Value has established itself as the preferred choice of 50 lakh happy customers. We are confident that we will continue to offer customers our industry-best services including professionally trained relationship officers, an intelligent & tech-driven digital interface to evaluate and certify cars, amongst a host of other services.”

Maruti Suzuki True Value (MSTV) offers a systematic integration of technology and industry experience to our customers that make the whole process of buying and selling cars transparent and convenient. Complete peace-of-mind is ensured, thanks to services such as reliable RC transfer, hassle-free documentation, on-time payment, and AI-based pricing engine. Convenience factors from True Value include services such as free home evaluation for their car, online preview of cars with detailed information, to name a few.

With over two decades of simplicity and transparency, True Value is currently present in more than 281 cities and operates from over 560 outlets pan-India. With a rigorous 376 checkpoint evaluation, refurbishment with Maruti Suzuki Genuine Parts, and a consequent certification process, True Value Certified cars come with up to 1-year warranty and 3 free services. Along with a wide selection of pre-owned cars and services including car insurance, finance, and accessories, True Value also ensures a comprehensive experience for all car-buying and selling services under one roof.

Maruti Suzuki Driving School trains 2 million learners

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Telugu super news,New Delhi, 27th July 2023: Maruti Suzuki has announced that its driving training school – Maruti Suzuki Driving School (MSDS) has successfully achieved the milestone of enrolling 2 million learners* under its driving training programme. MSDS commenced operations in the year 2005, with the objective of offering world-class driving curriculums for its learners, which include novice learners, as well as those who wish to brush up on their driving skills. Since then, MSDS has expanded its operations to cover the length and breadth of the country, from Leh in the North to Trivandrum in the South, Bhuj in the West to Tinsukia in the East. Today, there are 520+ Maruti Suzuki driving schools spread across 250+ cities in India. 

Commenting on the milestone moment, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Education is one of the key pillars of road safety and Maruti Suzuki Driving School (MSDS) was conceived with an aim to provide professional driving training. While it took us 13 years to reach the milestone of 1 million learner trainings, the next 1 million was achieved in just 5 years. This is a testament to our commitment to make Indian roads safer as an increasing number of vehicles are taking to the roads in recent times. We believe driving is a life skill, and with MSDS our aim is to keep expanding the network and train over 4 million people with quality driving skills by 2030.”

Driving training courses offered by MSDS feature advanced training methodology that includes state-of-the-art driving simulators along with practical and theoretical courses. The courses available are – Learner Standard Track Course, Learner Extended Track Course, Learner Detailed Track Course, Advance Course and Corporate Course. These courses are available in 9 languages including English & Hindi. The skilled trainers provide the trainees with training sessions on-road behaviour, defensive driving, Good Samaritan Law, as well as traffic rules and regulations. These courses are designed to suitably meet the training requirement of the trainees. MSDS also collaborates with various corporate, government sectors, the defence sector, fleet owners, NGOs, schools, and colleges to jointly conduct road safety programmes to suit their varied needs.

As part of Maruti Suzuki’s digital initiative, MSDS has also introduced a mobile application which is based on the concept of “Learning on the Go”. This allows trainees the option to take their theoretical sessions from the comfort of their homes. Apart from this, MSDS has also launched a functionality where users can take mock learner license tests on its official website to check their knowledge and practice before appearing for their learner license test.

Maruti Suzuki Subscribe Celebrates Third Anniversary

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Telugu super news,New Delhi, July 26, 2023: Maruti Suzuki Subscribe is celebrating its third anniversary this month, having started its journey in July 2020. The Subscription program has emerged as an alternate mode of car ownership for the customers, providing them with unparalleled convenience and flexibility. During this three-year journey, Maruti Suzuki Subscribe has created many milestones and has gained widespread acceptance amongst customers. 

Over the years, Maruti Suzuki Subscribe has been able to expand its footprints to 25 cities in partnership with five subscription partners: Orix, ALD Automotive, Quiklyz by Mahindra Finance, Myles and SMAS Auto Leasing. 

Commenting on the occasion, Mr. Shashank Srivastava, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India Limited, said, “The third anniversary of Maruti Suzuki Subscribe is a major milestone for us. Over these three years, this program has become a preferred choice for today’s asset-light generation which prefers a flexible and convenient way of car ownership. The customer response has been phenomenal as we continue to grow multifold through this program. On this third anniversary, I congratulate all the key stakeholders and most importantly our customers who have shown confidence in the Maruti Suzuki Subscribe program and become a part of the Maruti Suzuki family!”

Going from strength to strength with a robust growth of 292% in Subscription Sales Volume in FY22-23, Maruti Suzuki Subscribe is all set to chart new milestones in offering customers a convenient and hassle-free vehicle ownership option.

Maruti Suzuki commences bookings for its upcoming premium 3-Row UV- ‘INVICTO’

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Telugu super news, National,June 20, 2023: Bringing forth unparalleled premium experiences for its customers, Maruti Suzuki India Limited commences pre-launch bookings for its latest premium 3-Row UV, INVICTO, in the NEXA channel.

The INVICTO marks Maruti Suzuki’s grand entrance into the premium 3-Row segment, expanding the already diverse NEXA product lineup. Crafted to match the modern taste of NEXA customers, who want a premium 3-row vehicle with the characteristics of SUV and MPV both, the INVICTO will appeal to customers who are looking for a strong design, best-in-class passenger room, ample cargo space, spirited performance, advanced technology, and a host of utility features.

In addition, the company has also launched a booking open campaign for INVICTO, across its social media handles. The launch is scheduled for July 05, 2023.

Customers can pre-book the brand’s pinnacle offering at any NEXA showroom with an initial payment of INR 25,000 or by logging on to www.nexaexperience.com

Maruti Suzuki partners with Bajaj Finance to expand financing options 

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Telugu super news,New Delhi, June 6, 2023: Maruti Suzuki India Limited (MSIL) today announced the signing of a Memorandum of Understanding (MoU) with Bajaj Finance Ltd., the lending arm of Bajaj Finserv Ltd., one of India’s leading and diversified financial services groups. 

Under this partnership, Bajaj Finance Limited will provide tailor-made auto retail financing solutions for Maruti Suzuki customers. The partnership will enable customers to improve their financial flexibility, which will in turn make the process of owning a car as easy and simple as possible. The entire financing process is enabled with a digital customer journey for greater convenience. 

The MoU was signed in the presence of senior management from MSIL, including Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Mr. Bhuvan Dheer, Executive Vice President, Sales & Network, and Mr. Vishal Sharma, General Manager, Allied Business; from Bajaj Finance Limited, there was Mr. Anup Saha, Executive Director, along with other members of the leadership team from both organisations.

Speaking on the partnership, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “We are delighted to join forces with Bajaj Finance Limited to further enhance convenient and customised car financing solutions for our customers. Over 80% cars sold in India are financed, therefore availability of easy and personalised financing options is very important. This collaboration aims to offer a range of personalised loan offerings for our valuable customers. We are confident our customers will appreciate this.” 

Sharing his thoughts on the alliance, Mr. Rajeev Jain, Managing Director, Bajaj Finance Limited, said, “The auto financing market has begun to shift with customers expecting hassle-free access to credit. At Bajaj Finance, we use analytics and automation across the financing value chain to digitise journeys for enhanced customer experience. The partnership with Maruti Suzuki builds on this focus of making financing smooth. It also enables us to delight customers with a comprehensive suite of financial solutions that meet their diverse needs. We are delighted to partner with Maruti Suzuki and serve millions of car buyers across the country.”

This partnership will be driven by customer experience at the core for both the companies, who shall together strive to redefine the modern-day car financing and buying experience. 

India’s bestselling car, Maruti Suzuki WagonR becomes the No. 1 choice for 30 Lakh “Dil Se Strong” customers

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Telugu super news,New Delhi, May 16, 2023: The Maruti Suzuki WagonR has become an iconic brand in its long & illustrious journey of over two decades. The “Strong on looks, strong in character” WagonR has reached yet another milestone by clocking the 30 Lakh sales milestone. Over the years, Maruti Suzuki has ensured that every new model of the WagonR is developed to be future-ready. 

The current 3rd generation WagonR has a wide variant range featuring two advanced K-series Dual Jet, Dual VVT with Idle Start Stop (ISS) engine options (1.0L and 1.2L) combined with manual and AGS transmission and offer wide array of colour options including dual tone to add to its sporty and energetic looks. WagonR also offers S-CNG variants (1.0L) to cater to diverse customer profiles. 

Commenting on the remarkable 30 Lakh sales milestone feat, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “WagonR’s continued success with over 3 million cumulative sales is a testament to its undisputed reign as one of the most iconic Indian hatchbacks. Since its launch, WagonR has constantly evolved and risen to the pulse of changing customer preferences with class-leading features, design and performance.

Happy to share that the ‘Dil se Strong’ WagonR has the highest percentage of repeat buyers as 24% of its customers prefer to upgrade to a new WagonR. The True Tall Boy has consistently featured in the top 10 best-selling cars in India since the last decade and has also held its position as the best-selling passenger vehicle in the country for the last two years.”

He further said, “The Maruti Suzuki WagonR’s bold design, class-leading interior space, practicality, reliability and high fuel-efficiency are some of the factors that have bestowed it with the trust of over 30 lakh families.”

Underpinning 5th generation HEARTECT platform features high tensile steel grades and is designed to absorb impact energy with its designated crumple zones, new WagonR features a range of high-tech driver aids such as Anti-lock Braking System (ABS) with Electronic Brakeforce Distribution (EBD), Electronic Stability Control (ESC) and Hill-Hold in AGS while meeting all crash test regulations including offset, side crash and pedestrian safety norms.  

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