Firm sticks to guns while the staff looks at 'sterner' measures.
The average size of auto loans stood at Rs 512,000 in the third quarter of 2012, compared to Rs 425,000 in the year-ago period.
The company has finalised a plan to roll out nine new models by 2016, some of which would be shipped from India to right-hand-drive markets abroad.
HMSI has increased the monthly salary of its permanent workers by Rs 14,770 a month.
While the slowdown in the domestic economy and a ban on mining has sharply impacted the demand for medium and heavy commercial vehicles, sales of LCVs rose 15.61 per cent to 378,509 units between April and December, driven by need for products for last mile transportation.
Home-grown automobile major Mahindra & Mahindra, whose sales are predominantly driven by diesel-powered utility vehicles, has said an increase of Rs 5 a litre in the price of the fuel or a differential of up to 20 per cent with petrol price will not impact vehicle sales.
Auto makers step up efforts export cars and offset adverse impact of foreign exchange fluctuations.
At a time when diesel-powered vehicles have been driving sales in the country's otherwise sluggish automobile market, the industry has been hit by a double whammy.
While the peak holiday season failed to bring in much business to the hotel industry, the online travel booking space has done reasonably well.
The companies continue to see heavy demand in utility cars.
The sacked workers have constituted a seven-member provisional working committee.
Firms are enthused at passenger vehicle numbers but high interest rates a problem.
After splitting with Honda, the company is working on developing it own intellectual property.
Lower minimum area of land required for multi-product SEZs to 250 hectares from 1,000.
Maruti Suzuki India Limited (MSIL), which witnessed labour unrest at its Manesar facility, is set to complete the process of regularisation of contract workers at the unit by November-end.
SEZ in Mundra, Gujarat denotified for three violations.
Going all out to market the all new Alto 800, pricing the base variant of the new car lower than the outgoing model, Maruti Suzuki India Ltd (MSIL), today said it will start exporting the car from Gujarat's Mundra port from December this year. The first export market is likely to be Chile in South America.
Accounted for 18.8 per cent of total imports in the region in 2010 vs Singapore, which contributed 17.8 per cent.
According to estimates available with industry experts, the wage bill of Maruti Suzuki, the country's largest car maker, is expected to increase by Rs 65-70 crore (Rs 650-700 million) after the increments.
In August, passenger car sales dropped 18 per cent to 118,142 units, the sharpest decline in nearly 10 months, due to weak consumer sentiment and a month's lockout at Maruti Suzuki. Sales of diesel-driven utility vehicles grew 70 per #162 this is likely to be affected by the price rise.
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