Maruti Udyog Ltd, the country's largest carmaker, on Monday said its sales fell by 4.2 per cent in August due to lower production following a prolonged strike at one of its major component suppliers.
Questioning the claims made by the Centre that it had defaulted in Employees Provident Fund, auto giant Maruti Udyog Ltd on Saturday said it was diligently complying with all relevant acts in respect of its employees.
Maruti Udyog Ltd on Friday reported a modest 4.6 per cent rise in sales in June 2005 at 41,390 units against 39,574 units in the same month last year, even as sales of its 'M800' model continued to skid despite a massive price cut announced in the mo
Maruti Udyog Ltd on Monday denied reports that it was planning to replace its mid-size car Esteem with a new model next year.
Maruti Udyog Ltd will maintain its share of more than half the country's car market for "quite some time," boosted by the sale of cars it introduced in the last three years, managing director Jagdish Khattar said.
To check sagging sales of its once bread-and-butter 'M800' model, the country's biggest carmaker Maruti Udyog Ltd on Monday announced a Rs 16,000 price cut, taking it below the Rs 200,000-mark.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
The foundation stone for Maruti Udyog's Rs 1,524.2 crore (Rs 15.24 billion) new car plant was laid at Manesar, Haryana on Monday by state Chief Minister Bhupinder Singh Hooda.
Sluggish export numbers and continued decline in demand for 'M800' model saw the country's biggest carmaker Maruti Udyog report a four per cent drop in sales in May at 42,286 units against 44,212 units in the same month last year.
The government on Saturday approved a price of Rs 125 per share for divestment of its 25 per cent stake in car major Maruti Udyog Ltd.
The government is likely to mop up between Rs 950 crore and Rs 1,000 crore (Rs 9.5 billion and Rs 10 billion) from the public offer of shares in car-maker Maruti Udyog Ltd at Rs 122-125 a share.
The government is likely to announce the price and allocation of Maruti shares to retail investors and institutional buyers on June 22, highly placed sources said in New Delhi on Thursday.
Maruti Udyog Ltd's public offer was on Wednesday oversubscribed by 5.6 times with bids for 5.18 crore (51.8 million) shares pouring in on the penultimate day of the issue.
The government is likely to decide on the selling price of shares in the joint venture car company Maruti Udyog Ltd by June 21, two days after the bids for the public offer close.
Maruti Udyog Ltd's much-awaited offer for sale of 7.2 crore (72 million) shares for divestment of 25 per cent government equity in the car major, opened on Thursday amid highly-publicised roadshows being conducted across multiple locations.
The government would start receiving from Thursday offers for sale of its 7.2 crore (72 million) shares in its joint venture Maruti Udyog Ltd, as part of its decision to divest 25 per cent stake in the car company through a public offering.\n\n\n\n
Carmaker Maruti Udyog Ltd has fixed June 12 as the date for opening the books for its much-awaited public offering and the offer would close on June 19.\n\n\n\n
India's largest carmaker, Maruti Udyog Ltd on Friday reported an impressive 65 per cent jump in net profit in fourth quarter of 2004-05 to Rs 259.45 crore as compared to Rs 157.15 crore during the year ago period.
Faced with rising input costs, Maruti Udyog Ltd on Monday effected a price hike, including on the popular Alto model, but made no changes in the prices of entry-level car M800 and multi-utility Gypsy.
The initial public offer of car market leader Maruti Udyog will hit the markets in the first week of June, Divestment Minister Arun Shourie said on Monday.\n\n\n\n
Even as sales of M800 model fell 30 per cent and exports declined, car market leader Maruti Udyog Ltd on Monday reported a 13.6 per cent rise in sales in the just-concluded fiscal at 5,36,301 units against 4,72,122 units in 2003-04.
India's biggest car maker Marutyi Udyog Ltd, a unit of Japan's Suzuki Motor Corp, said on Wednesday it may have to temporarily close its plant due a nationwide strike by truckers now in its third day.
Maruti Udyog on Friday launched a special limited edition of its premium small car 'Alto LX'.
Maruti Udyog reports a 39.9 per cent jump in second quarter net profit at Rs 367.4 crore (Rs 3.67 billion) while total income (net of excise) up 12.5 per cent at Rs 3,540.8 crore (Rs 35.40 billion).
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
Suzuki Motor Corporation is believed to have promised to submit the business plan for joint venture Maruti Udyog by the month-end to enable the government to proceed with its proposed public offer.
The government is likely to hit the market with its public issue for sale of equity in carmaker Maruti Udyog Ltd by March 17.
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