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.
HDFC Bank, Reliance Industries and ICICI Bank remained among the top mutual fund (MF) buys for the second consecutive month in September. MFs deployed a net of Rs 15,000 crore into these stocks during the two-month period (August-September), revealed Nuvama Alternative & Quantitative Research reports.
Sensing stiff competition from Maruti Suzuki with the all-new Alto 800 with an aggressive price tag, Hyundai and Tata Motors announced deep price cuts and launch of new special edition variants, respectively to beat the market leader.
The government has decided to go slow on sale of its remaining shares in Maruti Udyog and complete the process by next fiscal as stock markets remain uncertain.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
The e-SURVIVOR symbolises Maruti Suzuki's commitment to help develop the entire life cycle of EVs in India
HCL Technologies was the biggest gainer in the Sensex pack, rising 5.58 per cent, followed by Tata Consultancy Services and Infosys, State Bank of India, Tech Mahindra, Tata Steel, NTPC and Wipro. In contrast, Nestle, Bharti Airtel, Maruti and ITC were among the laggards.
BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.
India's largest automobile manufacturer, Maruti Suzuki is planning to launch the company's entry-level sports utility vehicle, Jimny in the country by the year-end.
The first diesel car from Maruti Suzuki, Celerio diesel is pitted against Hyundai Grand i10, Ford Figo and Chevrolet Beat.
Both these are super compact SUVs that will be competing against each other at a similar price point
Sales for the same month previous year were at 84,804 units, Maruti Suzuki India said.
Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August, making it the seventh straight month of reduction.
After the July 18 violence at the Manesar plant in which one senior executive was killed, the company had fired 546 workers.
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8 per cent increase in total sales at 1,60,442 units in September. The company had sold 1,22,640 units in September last year, MSI said in a statement.
Country's largest car maker draws nearly half of its sales from exchange programmes, rural focus.
S-Cross has seen a 22 per cent drop in dispatches in September.
The company had sold 50 units of SX4 sedan in August 2014.
The task of usurping three leading brands is far from easy. However, Amaze has shown it can be attempted.
In February, Maruti cut vehicle prices by between Rs 8,502 and Rs 30,984 across models after the excise duty reduction was announced.
Maruti Suzuki India (MSI) will keep consolidating its existing product line-up, including hatchbacks, while bolstering presence in the fast growing SUV segment to power its way back to 50 per cent market share in the domestic passenger vehicle market, as per a senior company official. The country's largest carmaker, which has seen its market share drop to 43.38 per cent in FY22 from 47.7 per cent in FY21, aims to bring in multiple SUV products with focus on new technologies like hybrid powertrains in order to enhance fuel efficiency, making them comparable or better than diesel-powered models that are currently being sold in the market, especially by its Korean rivals. With no intention of making a comeback in the diesel segment, MSI is also focusing on increasing its play in the CNG segment to bring in additional volumes.
MUL would lift the month-long lockout and resume production at the violence-hit Manesar unit from Tuesday.
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Maruti Suzuki India said it would be investing Rs 1,250 crore (Rs 12.50 billion) to double capacity at its K-series petrol engine unit in Gurgaon to 500,000 by 2012.
The company had recently stopped production of petrol models, including the Alto, M800, A-Star, Estilo and Omni for three days to prevent inventories piling up further.
A senior Maruti official was killed and 100 injured in violence at the plant last week.
In April, MSI had recalled 1,03,311 units of its popular models -- Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
The Monopolies and Restrictive Trade Practices Commission on Thursday advised auto giants Maruti and Hyundai not to target each other in advertisements and asked Maruti to file its reply to a complaint filed by its rival carmaker.
The current headcount in Maruti stands at around 9,350, including the 200 employees it hired since the beginning of this fiscal.
With swanky showrooms and VR-enabled sales platforms Maruti Suzuki, Tata Motors, and Skoda bet on shine and gloss,and place their faith in experiential branding.
Stiff competition and rising input costs have affected margins and earnings outlook.
Foreign share holding limit in Maruti Suzuki India has reached trigger limit and any further investment by FIIs will be allowed only after RBI's approval.
Among the Sensex firms, Maruti, NTPC, Tata Motors, ICICI Bank, HDFC Bank, Reliance Industries, JSW Steel, ITC and Mahindra & Mahindra were the major laggards. Bajaj Finance, Larsen & Toubro, Bajaj Finserv and Titan were among the gainers.
The government has initiated the process of selling all its holding in Maruti Udyog Limited to raise more than Rs 2500 crore (Rs 25 billion).
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
