Index Investing News
Sunday, May 17, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

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
A A
0
Home Financial
Share on FacebookShare on Twitter


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



Source link

Tags: CitiesCompanylineMarutiNewsNexashowroomStartStudiotier2
ShareTweetShareShare
Previous Post

Cariloha Bamboo Sheets are Greatest In response to BHG Lab Testing

Next Post

Ocean Biomedical (NASDAQ: OCEA) Analysis Abstract

Related Posts

TDV: Technology Dashboard For May (BATS:TDV)

TDV: Technology Dashboard For May (BATS:TDV)

by Index Investing News
May 15, 2026
0

This article was written byFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience...

Microsoft Israel chief leaves amid ethical controversy

Microsoft Israel chief leaves amid ethical controversy

by Index Investing News
May 11, 2026
0

Last week Microsoft Israel, the local marketing and sales office of the US software giant, announced the departure of...

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

by Index Investing News
May 7, 2026
0

Mohit Malhotra, Global CEO, Dabur India Dabur India posted a consolidated net profit of ₹362 crore in the March quarter,...

A .5 Billion Contract Isn’t Enough Without Profits

A $7.5 Billion Contract Isn’t Enough Without Profits

by Index Investing News
May 3, 2026
0

Quick Read Jim Cramer said no to Applied Digital (APLD) despite its $7.5 billion CoreWeave contract, arguing the company is...

US stocks today: Fed chief nominee Warsh clears key confirmation hurdle in Senate

US stocks today: Fed chief nominee Warsh clears key confirmation hurdle in Senate

by Index Investing News
April 29, 2026
0

Kevin Warsh, U.S. President Donald Trump's pick to lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening...

Next Post
Ocean Biomedical (NASDAQ: OCEA) Analysis Abstract

Ocean Biomedical (NASDAQ: OCEA) Analysis Abstract

Trump Jr. desires to ‘make finance nice once more’ with new DeFi undertaking

Trump Jr. desires to 'make finance nice once more' with new DeFi undertaking

RECOMMENDED

Necessary takeaways from Netflix’s (NFLX) Q3 2024 report

Necessary takeaways from Netflix’s (NFLX) Q3 2024 report

October 22, 2024
Glenn Loury on the Enemy Inside

Glenn Loury on the Enemy Inside

January 31, 2025
Coco Lee, ‘Crouching Tiger, Hidden Dragon’ and ‘Mulan’ Singer, Dies at 48

Coco Lee, ‘Crouching Tiger, Hidden Dragon’ and ‘Mulan’ Singer, Dies at 48

July 6, 2023
Christian Lee says there are no easy fights for Roberto Soldic in ONE Championship

Christian Lee says there are no easy fights for Roberto Soldic in ONE Championship

November 1, 2022
AVGO Earnings: Highlights of Broadcom’s Q4 2022 report

AVGO Earnings: Highlights of Broadcom’s Q4 2022 report

December 12, 2022
Utopian Experiments and Three Morality Tales: Socialism in New Concord, Indiana

Utopian Experiments and Three Morality Tales: Socialism in New Concord, Indiana

March 4, 2025
Hailey Bieber’s Favorite Levi’s Denim Shorts Are 50% off at Amazon for the Summer

Hailey Bieber’s Favorite Levi’s Denim Shorts Are 50% off at Amazon for the Summer

June 17, 2023
Is industrial actual property over the hump?

Is industrial actual property over the hump?

July 24, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In