Maruti Udyog Managing Director Jagdish Khattar on Wednesday said that antiquated laws, poor infrastructure and high tax regimes were preventing India from becoming a global hub for manufacturing small cars.
The two petrol models of the Logan are priced between Rs 428,000 and Rs 644,000, while its diesel model's price range is Rs 547,000 to Rs 651,000. The range overlaps the pricing of the premium hatchbacks as well as of mid-size cars.
On Monday, Maruti Udyog Limitedposted 5.6 per cent increase in domestic car sales for March 2007, selling 64,556 vehicles as compared to 61,141 vehicles in the year-ago period.
India's biggest challenge is to bring in more first time buyers, says Maruti MD Jagdish Khattar.
Leading carmaker Hyundai Motor India Ltd on Monday announced plans to roll out a CNG version of its bread-and-butter hatchback Santro by this year-end or early 2008.
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.
Sales of passenger vehicles in India are likely to grow at 14.9 per cent each year to touch the 2.1 million mark by 2010.
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.
The Maruti Udyog board has approved the purchase of Suzuki Motor Corporation's shares in their joint venture Maruti Suzuki Automobile India Ltd for Rs 12 crore (Rs 120 million) and merge the arm with itself, the Lok Sabha was told on Thursday.
The government on Thursday invited bids from public sector financial institutions and mutual funds for its remaining 10.27 per cent stake in Maruti Udyog that would bring in Rs 2,700 crore (Rs 27 billion) to the exchequer.
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.
Maruti Udyog Ltd on Wednesday launched a new loyalty programme for its customers, which will see the company issue an autocard in partnership with IOC and Citibank.
Kicking off their mega plans in India, Suzuki Motor Corporation and Maruti Udyog on Tuesday inaugurated their fourth car assembly plant, a diesel engine and transmission plant and a Suzuki's two-wheeler plant in Manesar.
Maruti contributed over 29 per cent of Suzuki's net profit in April-December 2006, though it accounted for less than 7 per cent of its turnover.
Maruti Udyog Ltd on Thursday announced that it would buyout Suzuki in Maruti Suzuki Automobile India Ltd and merge the subsidiary into itself.
Car major Hyundai has announced a price hike prices across models, including recently launched Verna, between 1 to 1.5 per cent.
The proposal was cleared by FIPB at its meeting on March 30, 2005.\n\n
Hyundai Motors India has flown in over 90 robots from Korea to work on assembly lines in its factory near Chennai. The results are better than expectations
Although diesel vehicles currently account for 30 per cent of the 1.2 million sold in India, the share is expected to climb to 45 per cent of the projected 2 million market by 2010.
Automaker plans a variant priced between Gypsy and Grand Vitara.
Bollywood icon Amitabh Bachchan and son Abhishek have been asked by a tax tribunal to pay tax on the 'Versa' car given to them by carmaker Maruti Udyog Ltd as part of their professional fees for endorsing the brand.
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.
Maruti Udyog Ltd, country's largest carmaker, is to invest Rs 10 crore (Rs 100 million) for setting up a "Centre of Excellence" in collaboration with its suppliers.
Maruti Udyog's popular 'Zen' model could well be nearing the end of the road, with the company likely to stop production of the compact car or reduce it from this month end.
Maruti Udyog, the country's biggest carmaker, will raise prices by up to Rs 12,000 from January next year across its model range.
Passenger car sales rose 8.3 per cent in the domestic market in January at 84,235 units against 77,744 units in the same month last year.
In 1993, when Maruti Udyog managing director Jagdish Khattar was just a week old in the company, the Zen was launched.
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.
With the Union Budget nearing, excise duty on cars is back as a topic of debate.
Maruti Udyog, the country's largest car manufacturer, will launch its cars in South Africa by next year and re-enter the European market in 2008-09.
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