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Maruti to begin new showroom line ‘Nexa Studio’ in Tier-2, -3 cities | Firm Information

by Index Investing News
August 24, 2024
in Financial
Reading Time: 2 mins read
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Partho Banerjee, Senior government officer for advertising and gross sales, Maruti Suzuki

3 min learn Final Up to date : Aug 24 2024 | 12:32 AM IST


Maruti Suzuki India Restricted (MSIL) is planning to launch a brand new showroom line known as “Nexa Studio” that may cater for Tier-2 and Tier-3 cities of the nation, firm’s senior government officer for advertising and gross sales Partho Banerjee advised Enterprise Commonplace on Friday.


Nexa Studio could be smaller in measurement than regular Nexa showrooms and have service workshops and spare components areas in them, he stated, including that 100 Nexa Studio dealerships shall be opened by March 31 subsequent yr.


At present, MSIL, which is India’s largest carmaker, sells its automobiles by two dealership strains: Nexa for the premium phase and Area for all others.


“Usually, Nexa showrooms are a lot greater in measurement, are current in massive cities, and should not have service workshops in them. Nexa Studio showrooms would have an area to show simply two automobiles, one supply space, one workshop bay, and one buyer lounge,” Banerjee defined.


“This endeavour is to increase the identical Nexa expertise to prospects in Tier-2 and -3 cities, solely optimizing the scale of the Nexa showroom,” he added.


Cities resembling Kolar in Karnataka, Gohana in Haryana, Hathras in Uttar Pradesh, and Paonta Sahib in Himachal Pradesh shall be focused by Nexa Studio.


MSIL has quickly been increasing its Nexa dealership presence throughout the nation. Whereas it added simply 22 new Nexa shops throughout the nation in FY24, the carmaker opened 119 new Nexa shops between April 1 and August 23 this yr. The corporate inaugurated its five hundredth Nexa outlet in Bengaluru on Friday.


“By the tip of this monetary yr, we plan to open 50 extra Nexa shops, taking their complete quantity to 550. Furthermore, by March 31 subsequent yr, we are going to open 100 Nexa Studio shops. This suggests that one new Nexa Studio could be inaugurated on virtually every working day of the second half of this monetary yr,” Banerjee acknowledged.


MSIL had began its Nexa showroom line in August 2015. As on March 31 this yr, the carmaker had 381 Nexa shops, 495 business shops and a pair of,987 Area shops.


Within the first quarter of FY25, MSIL bought 427,000 models, recording a 1.2 per cent progress year-on-year (Y-o-Y), in keeping with its majority shareholder Suzuki Motor Company.

What’s new

 Nexa Studio shall be smaller in measurement than regular Nexa showrooms


 It could even have service workshops and spare components areas in them




 Nexa showrooms are current in massive cities and should not have service workshops in them

First Revealed: Aug 23 2024 | 7:45 PM IST



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Tags: CitiesCompanylineMarutiNewsNexashowroomStartStudiotier2
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