CCEA approved the proposal to give 39,777 equity shares in favour of MUL employees who had responded to our offer of 20 shares per employee at the rate of Rs 660 per share," Finance Minister P Chidambaram said on Tuesday. \n
The company's exports during the month surged 59.6 per cent at 5,739 units compared to 3,596 units in August 2006, MUL said in a statement.
Maruti Udyog Ltd on Thursday said its two new plants for engine manufacturing and assembly line production will be operational by the end of the year.\n\n
Maruti Udyog Ltd on Thursday launched an LPG variant of its commercial vehicle Omni Cargo, India's first clean fuel vehicle used for transport applications.
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.
Over Rs 1,500 crore (Rs 15 billion) that the government will get from offloading its residual stake in Maruti Udyog Ltd
Maruti scrips closed 1.8 per cent higher at Rs 663.05 on the Bombay Stock Exchange.
The government on Tuesday said it would completely exit Maruti Udyog Ltd.
Of the total number of shares the government holds in Maruti, it is offering up to 2,31,12,804 shares, representing 8.00 per cent of the equity.
Maruti Udyog Ltd said on Wednesday that it would record highest-ever exports of 50,000 cars this fiscal.
Maruti Udyog Ltd may go in for another round of price revision by this year-end and raise prices across all models by up to Rs 15,000 for some variants.
A significant portion of the growth in June was propelled by new car launches, including Maruti's SX4, M&M's Logan and GM's Chevrolet Spark.
The company exported 3,917 units during June compared to 3,799 units in the same month last year, up 3.1 per cent year-on-year, MUL said in a statement.
Car market leader Maruti Udyog on Thursday informed its dealers that it would raise prices by next month as rising input cost was putting pressures on margin.
Maruti Udyog Ltd, India's largest carmaker, on Monday reported a whopping 42 per cent per cent rise in domestic sales during November as production normalised following resumption of supplies by its key component manufacturers.
Maruti Udyog Ltd on Friday reported a 43.06 per cent rise in net profit of Rs 262.66 crore (Rs 2.62 billion) for the quarter ended September 30, 2005 as compared to Rs 183.60 crore (Rs 1.83 billion) in the year-ago period.
India's largest car manufacturer Maruti Udyog Ltd on Monday reported a 35 per cent jump in sales to 38,715 vehicles in October as opposed to 28,630 units sold in the same month last year.
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.
India's largest carmaker Maruti Udyog expects to resume normal production soon, after an over three-month long strike at one of its key component suppliers was called off last week.
The company has had a great 2006-07 but the competition could creep up on it this year
On the back of record sales, the country's largest car maker Maruti Udyog Ltd on Tuesday reported a 24.3 per cent jump in net profit for the fourth quarter ended March 2007 at Rs 448.6 crore (Rs 4.48 billion) over January-March 2006.
Country's largest car maker Maruti Udyog Ltd today said it would come out with a diesel variant of one of its existing models by the end of next year equipped with engine from its diesel plant in Maneshar in Haryana.
The government will invite bids by next week from advisors for selling its 8.0 per cent stake in Maruti Udyog Ltd.
"It has been decided to sell 8 per cent equity in Maruti," Heavy Industries and Public Enterprises Minister Santosh Mohan Deb told reporters after the meeting of Cabinet Committee on Economic Affairs on Friday.
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