Shinzo Nakanishi, the 65-year-old managing director and chief executive officer (CEO) of Maruti Suzuki India Ltd (MSIL), spent the better part of last week visiting and apologising to injured colleagues across half a dozen hospitals in Gurgaon, Haryana.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
The numbers are in sharp contrast to the demand the company's premium hatchback Maruti Suzuki Swift had seen.
Maruti Suzuki signed a State Support Agreement with the Gujarat government in June 2012 for buying land and setting up a factory
Your plans to bring home a dream vehicle may just have become a little more distant, with automobile manufacturers considering price increases to offset the impact of higher excise duty levied in the Union Budget.
Maruti Suzuki India Ltd (MSIL) is planning to offer low-cost houses to its 5,000 employees, as it tries to walk the extra mile to improve relations with workers.
After a year of industrial unrest, the big boys of the automobile industry in the Gurgaon-Manesar belt are set to initiate negotiations to settle wage agreements.
As part of this cost-cutting exercise, the company has initiated measures to step up localisation levels and to pare the number of tier-I suppliers over the next two-three years.
After rolling out five compressed natural gas models last year, India's largest passenger car maker, Maruti Suzuki India Ltd, is mulling a CNG platform for all its makes.
MSIL, India's biggest car maker, said it was in advanced talks with Fiat to ink a diesel engine sourcing contract that would allow it to rapidly increase diesel model supplies into the market.
The clout of Aituc and other unions in Haryana's automobile heartland will depend crucially on whether they manage to get a foothold in the country's largest car company.
MSIL deputed another 40 engineers from its Gurgaon plant to work at Manesar also in Haryana. This takes the total strength of engineers at the facility now to 90.
Will sign agreement with vendors to make sure indigenisation takes place within given timeframe.
Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 550,466 units in 2013-14, during which domestic sales fell for the second consecutive year.
Nissan, Japan's fourth-largest car manufacturer, sells MSIL's A-Star as Pixo, an entry-level car, in Europe.
India's largest car manufacturer Maruti Suzuki India Ltd has resumed its small car exports to Europe after four years and hopes to export about 150,000 cars in the 2010-11 fiscal, a top company official said here on Saturday.
The model's engine being upgraded to comply with BS IV norms. Engineers at Maruti Suzuki India can upgrade the engine that powers the car to comply with the Bharat Stage IV emission norms set to kick in by April next year.
The three companies would jointly invest in setting up a manufacturing unit at Manesar in Haryana, expected to be operational by end of calendar year 2008. The facility, when fully operational, would have a capacity to produce five lakh units per annum, MSIL said in a statement.
Sales of Maruti Suzuki India during January-December 2008 stood at 697,850 units while those of Suzuki Motor Corporation for the same period stood at 679,215 units. The comparable growth for MSIL in India comes on the back of an almost 2 per cent decline for the company in a year-on-year basis during the calendar year. Its sales were higher in calender year 2007 at 710,532 units, according to the data provided by the company.
Maruti Suzuki is planning a further investment of Rs 9000 crore in India for world class R&D centres, design facility, regional distribution centres and logistics support. The fresh investment will be made over a longer period, about eight years, as compared with three years for some earlier investments. Regional warehouses will cut short the delivery time of vehicles. The centralised and timely despatch of vehicles from its facilities in the north will mean faster shipment.
Khattar's place will be taken by Shinzo Nakanishi, who is currently the chairman of MSIL. R C Bhargava, who is a director, has been named the new chairman.
The Japanese giant is already investing Rs 6,000 to Rs 7,000 crore in its research and development (R&D) centre in India. Maruti Suzuki India (MSIL) will roll out a car completely made in India in the next three to four years, which will encompass all the major requirements, including design and engineering architecture, engine development, and the manufacturing process.
Maruti has rolled out the millionth unit of Alto, since its launch in Sept 2000.
Maruti Suzuki India Ltd, the country's biggest carmaker, is set to play a larger role in the operations of parent Suzuki Motor and will contribute a third of the Japanese company's global sales by 2009-10, the Indian firm's managing director Shinzo Nakanishi said on Thursday.
The company was offering a discount of Rs 11,000 on Alto, which will now come down to Rs 10,000, while discount on Maruti 800 would drop to Rs 8,000 from Rs 12,000 earlier. The reduction in discount is in line with the company's expectation of a good demand of Alto, Omni and Maruti 800, sources said.
General Motors India reported on Monday a 64 per cent increase in its domestic vehicle sales during September at 5,751 units against 3,506 units in the same month last year. Mahindra and Mahindra reported on Monday a 24.9 per cent increase.
Maruti Suzuki India reported on Thursday a 14.96 per cent rise in its domestic sales during October 2007, at 64,258 units against 55,894 units in the same month last year. The company's exports during the month grew 20.8 per cent at 5,157 units compared to 4,269 units in October a year ago.
The company's total income in the quarter under review grew to Rs 4,735.83 crore (Rs 47.36 billion) from Rs 3,540.89 crore (Rs 35.40 billion) in the year- ago quarter, up 33.74 per cent year-on-year, MSIL said in a statement.
The testing facility at Rohtak would have more than 30 different tracks covering a length of about 30 km to check the various operational aspects of a vehicle.
In a few years there may be 100 Japanese companies in Gujarat, while Chinese firms may commit investments of over Rs 6,000 crore.
It is likely to be launched around Diwali
The country's biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs 34,700 crore).
Practice of opening bookings for cars prior to launch has been followed by several companies over many years in India.
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Maruti Suzuki was allotted 700 acres by the Gujarat government for its third manufacturing unit, near Mehsana, in June last year.
The proxy advisory firm's latest comments come within days of Maruti saying that it expects to save about Rs 10,500 crore (Rs 105 billion) in the first 15 years by not investing in the Gujarat facility.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
Auto sector has nothing to look forward to in the Budget.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
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