Indian car major Maruti's Japanese parent Suzuki on Wednesday said it will sell 19.9 per cent stake to Germany's Volkswagen for about $2.5 billion (about Rs 11,500 crore).
The proposal was cleared by FIPB at its meeting on March 30, 2005.\n\n
The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported 6.14 per cent decline in consolidated net profit at Rs 1,241.1 crore for the fourth quarter ended March 31, 2021. The auto major had posted a net profit of Rs 1,322.3 crore in January-March quarter of 2019-20, MSI said in a regulatory filing. However, revenue from sale of products stood at Rs 22,959.8 crore as compared with Rs 17,187.3 crore earlier, up 33.58 per cent.
From the Sensex stocks, Maruti Suzuki India, Tata Motors, JSW Steel, Larsen & Toubro, Tata Steel, Mahindra and Mahindra, Tata Consultancy Services, Tech Mahindra, HCL Technologies and Infosys were the laggards. HDFC Bank, Sun Pharmaceuticals, Kotak Mahindra Bank, Nestle India and Asian Paints were among the gainers.
Powered by a 996cc engine, the transmission is a CVT unit that transfers power to the front wheels.
Maruti's exports in May were down 2.4% at 9,089 units
Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
New subsidiary to supply cars to Maruti Suzuki
The bike ticks all the right boxes when it comes to style, handling and riding dynamic.
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 2.04 per cent increase in its consolidated net profit for the second quarter at Rs 1,419.6 crore on the back of higher sales. The auto major had posted a net profit of Rs 1,391.1 crore in the July-September quarter of the previous fiscal.
Trouble is brewing at the Gurgaon plant of Suzuki Motorcycle India with workers threatening to go on strike after Holi demanding reinstatement of three suspended colleagues.
Japanese manufacturer Suzuki displayed two cars at the Frankfurt Motor Show that have a huge potential for launch in India.
Suzuki Motors on Tuesday launched its second model 'Zeus' -- a 125 cc single cylinder bike in the Indian market, targetting college students and executives.
Despite the premium, the Suzuki Gixxer SF feels worth every penny making it our winner in this comparison against Yamaha Fazer and Bajaj Pulsar Adventure Sport 150
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator Sebi's approval to float an initial public offering (IPO), people familiar with the development said on Wednesday. This development marks a significant milestone for the Indian industry, as it is the first automaker initial share-sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
Internship opportunities have been posted by 193 companies, including Jubilant Foodworks, Maruti, Eicher Motor, L&T, Muthoot Finance and Reliance.
Suzuki Motors Corp, the parent company of Maruti Udyog, announced on Friday a manufacturing collaboration with Nissan Motor Co and said they will begin joint production in India.
Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.
Mahindra & Mahindra, Titan, Sun Pharma, ITC, Nestle and Tata Motors were the other big gainers. Reliance Industries, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were among the laggards.
Prime Minister Narendra Modi and Congress leaders Sonia Gandhi and Mallikarjun Kharge were among the top leaders who paid homage to former prime minister Manmohan Singh at his home in New Delhi on Friday.
Maruti Suzuki India will set up a skill development centre in Gujarat, where it is investing Rs 4,000 crore to set up a manufacturing facility, even as it is trying to restore normalcy at its Manesar plant in Haryana.
Speaking at a roundtable with senior journalists in New Delhi, Suzuki said: "Haryana is my first home and Gujarat is my second. I have conveyed this to the two chief ministers."
Robert Lewandowski smashed home a rebound to earn Barcelona a 2-1 win against Athletic Bilbao in an absorbing LaLiga clash on Saturday.
The company had set an annual production target of 250,000 for its Hansalpur plant in Gujarat.
Dutchman Abdi Nageeye survived a tense battle through the final mile to win the New York City Marathon in two hours seven minutes and 39 seconds on Sunday
Concerned over sales growth coming mainly from two of its models - Dzire and Swift - country's largest carmaker Maruti Suzuki India said unless its other products contribute equally the company could face problems in the long-term.
Two bikes launched by Yamaha -- FZ F1 and FZ-S F1 -- are a bit expensive considering their mileage-enhancing technology. Still they will manage to reign over India's youth and steal market shares from Honda CB Trigger and Suzuki Gixxer 150
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
Suzuki Motor Corp. of Japan on Monday said it plans to invest about Rs 1,050 crore in its Indian arm Maruti Udyog.
From the Sensex stocks, Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports and Special Economic Zone, Maruti Suzuki India and Reliance Industries were the major gainers. In contrast, Mahindra and Mahindra, Tata Steel, Bajaj Finserv, State Bank of India, Larsen & Toubro and Tata Motors were the laggards.
Set to be unveiled at the Auto Expo in New Delhi, it is likely to be priced below Rs 400,000, and will come with air-conditioning and the option to choose from six colours.
High price, combined with the decision to go only for diesel and position it as a crossover, resulted in its limited success
Suzuki Motors' Gujarat plant will be ready by 2017.
Following the violence and arson, MSI had on July 21 announced an lockout at the plant.
Maruti Suzuki has outperformed Suzuki Motor Corp in terms of profitability, with the Japanese parent today posting a consolidated net profit of 28.91 billion yen (about Rs 1,395 crore) for the fiscal 2009-10, almost half of that of the India's largest carmaker.
