Passenger car sales saw a modest single digit growth in the domestic market in January 2005 at 8.17 per cent even as motorcycles continued their strong run, witnessing a 22.8 per cent jump fuelled by higher demand for Hero Honda and Bajaj Auto bikes.
The government has decided to sell 10 per cent equity in Bharat Heavy Electricals Ltd and 7.5 per cent shares in Maruti Udyog Ltd next fiscal to raise close to Rs 2,500 crore.
Maruti Udyog Ltd will launch a new compact car by 2008-9 and invest an additional Rs 3,000 crore till 2010.
Maruti Udyog on Monday said its cars were set to become dearer by 2-2.5% owing to rise in steel prices and technology cost for new emission norms.
India's second-biggest carmaker Hyundai Motor India Ltd on Wednesday raised prices of its two models while market leader Maruti and Czech car firm Skoda announced plans to follow suit next month to meet the rise in input costs and new emission norms.
Maruti Udyog Ltd, India's largest car manufacturer, on Wednesday reported a 7.8 per cent jump in sales in November even though its flagship Maruti-800 car saw a slump.
Maruti Udyog Ltd, India's largest carmaker, unveiled on Thursday a new-look Zen, without tinkering with the price, to take on competition posed by Hyundai's Santro and Tata Motors' Indica.
Top carmaker Maruti Udyog will give freebies of up to Rs 28,900 on its two car models this week to counter a similiar offer by arch-rival Hyundai.
Maruti Udyog Ltd reported on Thursday a 63.1 per cent increase in net profit for the first quarter ended June 30 at Rs 369.5 crore (Rs 3.69 billion), as compared to Rs 226.4 crore (Rs 2.26 billion) in the corresponding quarter of the previous fiscal.
India's biggest carmaker, Maruti Udyog has posted an impressive 48 per cent rise in net profit for the second quarter this fiscal as vehicle sales drove up on the back of low interest rates.
The top brass of Maruti Udyog Ltd, India's largest carmaker, is in Japan to work out with its parent Suzuki Motor Corp the details of the action plan for the mega Rs 6,000 crore (Rs 60 billion) investment announced recently.
India's biggest carmaker Maruti Udyog Ltd on Wednesday said domestic sales grew 32.2 per cent at 42,480 units in August 2004 as its compact cars notched up impressive numbers.
Maruti Udyog Ltd on Thursday reported a 27.24 per cent increase in domestic sales at 50,904 units in May this year as against 40,006 units in the same month last year.
India's largest car maker Maruti Udyog Ltd has slashed prices of compact car segment Zen and Wagon-R by up to Rs 9,000 on all models in a bid to garner larger market share.
Morgan Stanley Capital International has added Maruti Udyog to its India index with effect from August 29.
Production at Maruti Udyog, country's largest carmaker, may be hit by an over two-month long strike at DCM, one of its major vendors.
Commercial vehicle sales too grew at an impressive 68.59 per cent in April 2006, with total volume at 28,475 units, against a total volume of 16,890 reported in the same month last year.
Maruti Udyog on Monday said its net profit soared by 42.1 per cent to Rs 170.9 crore during the quarter ended June 30, 2004 against Rs 120.2 crore during the year-ago period, buoyed by a 19 per cent jump in sales volume.
The Maruti Udyog Ltd's scrip on Wednesday opened at Rs 158.40 on the Bombay Stock Exchange.
Maruti Udyog Ltd on Wednesday reported a 39.1 per cent increase in net profit for the quarter ended March 31, 2006 at Rs 360.9 crore (Rs 3.60 billion) and announced a 70 per cent dividend.
Just like many in India's burgeoning middle class, Sasikala and her husband want the relative peace, privacy and safety of their own car.
In an aggressive bid to increase market share, India's biggest carmaker Maruti Udyog Ltd on Monday launched a new-look mid-size sedan Esteem at Rs 40,000 less than the price of the existing car.
A major fire broke out at GAIL's natural gas pipeline in South Delhi's Satyaniketan area after it was perforated by civic construction contractors but there were no casualties reported.
Private sector banks have jumped on to the bandwagon to offer better rates than Maruti Udyog for its best-selling car, Maruti 800.
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