Maruti Udyog Ltd will hold 70 per cent stake in the new subsidiary, while the remaining would be with the Japanese company, MUL Managing Director Jagdish Khattar told reporters in New Delhi after the company's board meeting.
Maruti Udyog, which controls more than half of the country's passenger car market on the strength of its dominance in small cars, has embarked on a strategy to increase its share in the bigger car segments.
India's largest car maker Maruti Udyog Ltd on Monday introduced a new version of its hot-selling model Alto with enhanced interiors and exteriors.
Maruti Udyog on Thursday hiked prices of all its models by up to Rs 1,017 on account of the increased cess announced in Budget 2007.
Maruti Udyog Ltd reported on Thursday a 61.6 per cent increase in domestic vehicle sales during February at 59,095 units as against 36,608 units in the same month last year.
The CCD is likely to take up, among other issues, the highly successful public offer of car market leader Maruti Udyog Ltd.\n\n\n\n
The shares of car major Maruti Udyog Ltd would be listed on the National Stock Exchange and Bombay Stock Exchange by July 9-10, its managing director Jagdish Khattar said on Monday.
Maruti Udyog Ltd, India's biggest carmaker, would set up a Rs 350 crore (Rs 3,500 million) diesel engine plant at Gurgaon in line with its plan to become a major player in diesel vehicles in a couple of years.
Maruti Udyog Ltd, the country's largest car manufacturer, has no plans to pay special attention to the luxury car segment and will rather play the volume game, a senior company official said.
Maruti Udyog, India's biggest carmaker, will launch a 'new look' mid-size sedan 'Esteem' early next week with an aggressive pricing strategy.
Contrary to domestic sales, passenger car exports have declined during May 2005 by 4 per cent to 13,460 units as compared to 14,048 units in May 2004.
Maruti Udyog has posted a net profit of Rs 376.41 crore for the third quarter ended December 31, 2006 when compared with Rs 339.01 crore in Q3 FY06.
Maruti Udyog Ltd, which posted a healthy 40 per cent growth in profit last fiscal has cautioned that its group companies, some of which are loss making, "may adversely impact operations".\n\n
Maruti Udyog Ltd on Wednesday launched its new model 'Swift' in India, pricing the base model at Rs 3.87 lakh (ex-showroom Delhi).
The new year is expected to witness a flurry of activity from car manufacturers, who are getting ready to launch a series of models. Take a look at the oncoming traffic.
Maruti Udyog Ltd managing director Jagdish Khattar on Monday announced the launch of Maruti finance schemes in Punjab, Haryana, Himachal Pradesh and Chandigarh for customers at Maruti dealerships.
The big-ticket year-ending discounts and the anticipated jump in prices in January pushed car sales in December
Many Indian ports were paralysed on Wednesday and food prices nationwide started soaring as a truckers strike dragged into its third day.
India's biggest carmaker Maruti has said it could soon ink an agreement with one of the global engine makers it is in talks with, including France-based Peugeot, to produce diesel engines in the country.
Maruti Udyog is set to roll out the five-millionth car from its facility in Gurgaon, Haryana this month-end.\n
Maruti Udyog Ltd on Friday said the repositioning of compact car Alto would give the customer yet another option at the entry-level while asserting that its bread and butter model Maruti 800 would not be phased out.
Maruti Udyog Ltd on Wednesday said it would invest a total of Rs 3,271.9 crore (Rs 32.71 billion) for a new car manufacturing plant
The country's largest carmaker Maruti Udyog Ltd is planning an across the board increase in car prices from April 1 on the back of hike in steel prices following this year's budget proposals.
Take the rediff business quiz and see how much you know about the successful initial public offers by Indian companies ranging from automobiles to oil refiners.
India is unlikely to complete an initial public offering of the country's largest carmaker, Maruti Udyog Ltd, in 2002-03 because it needs more time to prepare the prospectus, a government official said on Thursday.
Captains of the Indian industry on Monday welcomed the Union Budget 2005-06 describing it as growth-oriented.
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