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CNG Cars Account For Over Half Of Maruti’s Pending Orders

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The Ertiga CNG accounted for round 30 % of Maruti’s pending CNG orders

Maruti's pending CNG orders

In a lately held investor assembly, Maruti Suzuki divulged that it had 1.11 lakh CNG automobiles but to be delivered by the tip of the ultimate quarter of the final monetary yr (FY). Overall, the carmaker is but to ship round 2 lakh orders to prospects.

Details Of The Pending Orders

Maruti Ertiga CNG

During the assembly, it was additionally said that round 30 % of the overall pending CNG orders are for that of the Maruti Ertiga MPV. Rahul Bharti, chief investor relations officer, Maruti Suzuki, stated, “The Ertiga is one major car that has a lot of CNG traction in the market. So the 100,000 capacity at Manesar largely addresses the Ertiga supply bottleneck.”

Back in November 2023, Shashank Srivastava, senior government officer (gross sales and advertising), Maruti Suzuki, had talked about that over 50 % of the carmaker’s CNG gross sales come from the Ertiga.

Recently, Toyota additionally reopened bookings for the CNG variants of the Ertiga-based Rumion MPV.

Update On CNG Sales And Plans Ahead

Some of the models in Maruti’s CNG lineup

In the final monetary yr, Maruti dispatched near 4.5 lakh CNG fashions and now plans to retail round 6 lakh models within the ongoing FY24-25. The carmaker, in the identical assembly, confirmed that it plans to ramp up manufacturing of CNG fashions to deal with the rising demand. While Maruti acknowledged that there have been some supply-chain points, it additionally admitted that the state of affairs has improved.

Also Read: Maruti Suzuki, Hyundai, and Tata Were The Best-selling Car Brands In April 2024

Read More on : Maruti Ertiga on road price

Entertainment

Why Go90 Was One Of Verizon’s Biggest Failures

In a Q3 2015 investor call, Fran Shammo, a Verizon executive, mentioned that they had not yet started marketing go90. He stated, “Keep in mind we are 20 days into this. We actually haven’t done any advertising or promotion activity around this product. So, for the early stages, we are seeing very good platform stability. We are seeing very encouraging feedback. And of course, we’re looking at specific metrics like viewership, site revisits, and popularity of new shows.”

However, this doesn’t mean they weren’t planning to advertise. According to a report by the New York Post, Verizon had allocated $80 million for marketing the new streaming service.

“go90’s architect,” Brian Angiolet, expressed enthusiasm for the service in a press release, stating, “Brilliant coders and engineers and awesome content partners have invested an incredible amount of work and have taken care to create a video experience that until now has been missing for millennial and Gen Z viewers. go90 bridges the content divide between traditional and digital distributors, along with established and emerging creators.”

But there wasn’t anything particularly unique about go90. The only standout feature mentioned in the press release was the ability for users to “cut & share your favorite clips via text (SMS), email, Facebook and Twitter.” It’s worth noting that YouTube didn’t introduce its own clipping feature until July 2021, almost six years later.

Overall, the marketing copy for go90 seemed forced and trying too hard to be “hip.” For example, it encouraged users to “join or create your own ‘Crew’ to connect and share your interests with friends and other fans.”

Volkswagen

Lars Korinth appointed Head of Investor Relations in the Volkswagen Group

Lars Korinth has been announced as the new Head of Investor Relations in the Volkswagen Group, starting in autumn 2023. He will be taking over from Julian Krell, who will be leaving the company on June 30, 2023, by his own request. Korinth is already familiar with the company, as he previously worked as a Senior Investor Relations Manager at Volkswagen and most recently as the Head of Investor Relations at TRATON SE. In his new role, Korinth will be reporting to Rolf Woller, the Head of Group Treasury and Investor Relations.

Rolf Woller, the Head of Treasury and Investor Relations, commented on the appointment, stating, “The Volkswagen Group is currently undergoing a critical phase of transformation. In 2023, our main focus is on implementing our strategic goals. With his extensive knowledge of different industrial sectors, including the energy industry and banking sector, Lars Korinth, a former equity analyst, brings valuable expertise. I believe he will work closely with the team to create significant momentum.” Lars Korinth will be succeeding Julian Krell as the Head of Investor Relations at the Volkswagen Group, while Rolf Woller will temporarily assume the additional role until Korinth takes over.

Lars Korinth has a degree in banking business administration and has previously held various roles as an equity analyst and Investor Relations Manager. During his time at Volkswagen, he served as the Senior Investor Relations Manager for four years. He also led the Investor Relations department at Henkel, a consumer and industrial goods group, for over four years until early 2022. Most recently, Korinth served as the Head of Investor Relations at TRATON SE, a subsidiary of Volkswagen AG, which is a prominent global truck manufacturer known for its brands Scania, MAN, Navistar, and Volkswagen Truck & Bus.