Maruti Udyog Ltd, India's biggest carmaker, on Monday said domestic sales grew 10 per cent at 40,175 units in July 2004 as its compact cars notched up impressive numbers.
Maruti's hike in royalty to its parent Suzuki, at a time when competition is speeding up, makes it a decidedly uncool stock.
India's biggest carmaker Maruti Udyog Ltd on Thursday said it will announce a price hike by the end of December.
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Maruti Udyog Ltd cautioned on Tuesday that infrastucture constraints could prove to be dampner for Indian car industry's global aspirations.
Today, thanks to television coverage and media hype, it has a huge multiplier effect, says an auto-parts maker.
Maruti Udyog on Wednesday reported a 7.1 per cent increase in domestic sales in January at 48,526 units.
MRTPC disposed of the one-year-old legal battle between the two auto giants, in which the Korean car maker accused MSI (formerly Maruti Udyog Ltd) of indulging in unfair trade practice by issuing "misleading" advertisements.
The country's biggest carmaker Maruti Udyog Ltd on Monday hiked the prices of its vehicles across all models between Rs 1,500 and Rs 15,000.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Oil and Natural Gas Corporation has been adjudged the greenest company in the country, while Reliance Industries has been ranked second in a survey conducted by Business Today-ACNielsen ORG-MARG.
The committee, headed by Maruti Udyog CEO R C Bhargava, has already visited some of the IIMs and has completed its deliberations on the matter pertaining to administration and excellence of the institutes. The IIMs have already hiked their fees from this year. IIM-Ahmedabad had announced steepest increase of 175 per cent in the fees of its first year post-graduate programme from Rs 200,000 to Rs 5,50,000. Similarly other IIMs have increased their fees.
The UPA government is likely to close this financial year with around a billion dollars (around Rs 4,100 crore) as receipts from divestment of minority shareholdings in four public sector undertakings.
The largest car maker in the country Maruti Udyog has got the third highest number of votes on the index, says the global consultancy firm TNS' latest Corporate Reputation Index.
With interest rates on car loans adversely impacting domestic sales, many companies are aggressively pushing up their export targets, especially with India becoming a small car hub.
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The Maharashtra government's decision to phase out the old ubiquitous black and yellow premier padmini taxis that are more than 25 year old in the country's financial capital has given automobile companies, which are facing declining sales due to the economic slowdown, a reason to smile.
Maruti Udyog Limited, the country's largest carmaker, launched its premium sedan SX4 priced between Rs 618,000-689,000 (ex-showroom Delhi) on Monday.
Car owners in India had fewer problems with their new vehicles, with the JD Power Asia Pacific Satisfaction Index Study revealing that eight of the 11 manufacturers had improved their performance.
According to the Society of Indian Automobile Manufacturers, significant growth is being witnessed in the multi-axle trucks segment, which has posted 112 per cent growth in the year 2006-07.
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Karimnagar, which had been in the news for reelecting the Telangana Rashtra Samithi president, K Chandrasekhara Rao, with a thumping majority, has also entered the radar of Maruti Udyog Limited.
The company's total income in the period stood at Rs 3,220.7 crore.
The government on Friday said it had started talks with Japanese auto major Suzuki for offloading its remaining equity in joint venture Maruti Udyog Ltd.
The heavy industries ministry has virtually consented to finance ministry's suggestion for part divestment of government equity in blue-chip PSU Bharat Heavy Electricals Ltd and auto joint venture Maruti Udyog in the current financial year.
Spiralling car loan rates continue to dent the passenger car market, as Tata Motors, Hyundai and Honda Motors reported slower sales in July over that in the corresponding month last year.
Maruti Udyog Ltd on Tuesday recalled a little over 2,000 units of its Versa model for replacing a faulty component in its exhaust system, free-of-cost.
Domestic passenger car sales in June grew by 16.36 per cent at 94,002 units as against 80,784 units in the same month a year ago.
The Calcutta high court on Friday quashed a criminal case against NRI industrialist Lord Swraj Paul and his son Angad Paul in relation to shares of Caparo Maruti Limited.
Maruti Udyog Ltd launched its sports utility vehicle Grand Vitara on Thursday at a starting price of Rs 13.8 lakh or Rs 1.38 million (ex-showroom) in Delhi.
Maruti Udyog ranks highest in customer satisfaction with automotive dealer service in India, according to the J D Power Asia Pacific 2003 India Customer Satisfaction Index Study.
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Government's exit from Maruti Udyog Ltd may not happen for sometime now, with the finance minister asking the heavy industries ministry to 'wait for an opportune time' to offload its residual stake in the company.
Maruti Udyog Ltd surpassed Coca-Cola, Pepsi and Hindustan Lever to emerge as the country's largest sports advertiser on television in 2006.
Although rising interest rates threaten to push passenger cars to the middle lane, Maruti Udyog is geared to continue on the fast track with its new car models.
India's car market leader Maruti Udyog Ltd on Friday said it would set up world-class Maruti driving schools across 15 cities in India this year in partnership with its dealers.
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