'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
CAT fever is hotting up. AKRS Srinivas, director, TIME, Mumbai, tips you on how to score well.
Maruti Udyog Limited, the country's largest carmaker, launched its premium sedan SX4 priced between Rs 618,000-689,000 (ex-showroom Delhi) on Monday.
According to the Society of Indian Automobile Manufacturers, significant growth is being witnessed in the multi-axle trucks segment, which has posted 112 per cent growth in the year 2006-07.
The company's former CMD R C BHARGAVA drives down memory lane as the government plans to sell its remaining stake
Karimnagar, which had been in the news for reelecting the Telangana Rashtra Samithi president, K Chandrasekhara Rao, with a thumping majority, has also entered the radar of Maruti Udyog Limited.
Creating new benchmarks in safety, Maruti Udyog Limited on Monday announced it would set up 15 world class driving schools in India in the next three months.
Maruti Udyog Limited continued to lead the Indian automotive market in customer satisfaction and dealer service bagging the J D Power Asia Pacific 2002 award for the category for the third consecutive year, while two Hyundai models bagged the awards.
The divestment ministry is approaching the Foreign Investment Promotion Board for permission to allow foreign institutional investors, NRIs and overseas corporate bodies to participate in the ensuing public offer for government stake in MUL.
Maruti Udyog Ltd, is expected to sell 6.5 lakh units during this fiscal and maintained 54 per cent market share, a senior company official said on Wednesday.
Domestic car market leader Maruti Udyog Limited, which had till recently refrained from making a serious foray into the diesel-powered segment, foresees 20 per cent of its sales coming from such cars by 2010.
Maruti Udyog Limited said on Tuesday it has sold over two lakh units of its entry level hatchback Alto during last 11 months.
Boosted by Maruti Udyog Limited and Hyundai Motor India's sales of compact models, the domestic market posted 24 per cent growth in car sales to 1,04,488 units last month compared with 84,235 units in January 2006.
Divestment ministry is believed to have received an in-principle nod from FIPB for participation of FIIs, NRIs, and OCBs in the ensuing public offer government equity in car-maker Maruti Udyog Limited.
The government has initiated the process of selling all its holding in Maruti Udyog Limited to raise more than Rs 2500 crore (Rs 25 billion).
Maruti scrips closed 1.8 per cent higher at Rs 663.05 on the Bombay Stock Exchange.
The shares of Maruti Udyog Limited will be listed on Wednesday on the Bombay Stock Exchange and the National Stock Exchange for trading in the secondary capital market.
Acting as a dampener ahead of the festive season, Maruti Udyog Limited today effected a 0.2-1 per cent price hike in all its models except Swift, due to an increase in input costs including freight costs.
The government said on Thursday that it would make public offer of 36 lakh (3.6 million) shares in Maruti Udyog Limited in June as part of its divestment in the joint venture car company.
A day after slashing prices of its small cars, market leader Maruti Udyog Limited has cut the price of its premium sedan Baleno by Rs 8,000 with immediate effect.
Maruti Udyog Limited said on Monday it was ready to face any challenge and retain leadership position in the car market in short to medium- term.\n\n
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Faced with stricter recall & testing norms, industry puts up a brave face, saying recalls improve consumer confidence
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