LIC sold a total of 58,29,103 shares of the company aggregating 2.018 per cent stake between August 24, 2009 and November 11, 2012 through the open market, Maruti Suzuki India said in a filing to Bombay Stock Exchange.
German luxury carmaker Daimler has taken full control of the Mercedes Formula One motor racing team after buying a 40 percent stake owned by Abu Dhabi sovereign wealth fund Aabar Investments.
The average discounts on the models, especially petrol, were all-time high during the July-September quarter.
Lenders have become worried as some dealers were not using the money provided to them for car financing.
After years of giving free passes to counterparts from Korea, Japan, US in the Indian auto market, Chinese automakers had planned a major push to grab the fifth largest car market in the world. But the shutdown of factories and logistics hubs in the country following the outbreak of coronavirus is slowly constricting the business of Chinese auto majors which have recently entered India.
There is the range of new launches during this year's festive season.
Swedish carmaker Volvo Car Corporation is revving up plans for India with an aim to become the third largest luxury car maker in the country by 2020, for which it may even consider assembly operations.
New Creta, petrol Vitarra Brezza.. A quick look at what went down at Auto Expo Day 2.
Maruti Suzuki is offering cash discounts ranging from Rs 5,000 on its hatchback Celerio to Rs 35,000 on entry level Alto800.
Ford India, subsidiary of US carmaker Ford, said it aims to accelerate export of India made-Figo to 50 international markets by this year end, from current 34.
The domestic car market leader said there will be no cash outflow from MSI as the merger is proposed to be effected through a share swap agreement.
Volkswagen launches special edition Vento at Rs 10.42 lakh.
This year too carmakers are geared up to pump in some fresh blood to their existing cars to keep them in the fray.
The lockout at its Manesar plant notwithstanding, the country's largest carmaker Maruti Suzuki India on Wednesday reported 9.2 per cent increase in sales for July at 82,234 units as against 75,300 units in the same month last year.
Even India's largest passenger carmaker in Maruti Suzuki best known for its hatches, sedans and vans, could not resist the temptation to announce its upcoming MPV.
Maruti Suzuki, the market leader famous for cost effective management in its products, will face the French carmaker.
It seems the Korean carmaker Hyundai Motors has pulled up its socks to conquer every bit of premium car segment.
Maruti India started year 2012 with a bang and launched 5 cars, and promises to launch five more this year.
Skoda Auto has launched the awaited model Skoda Fabia 'Scout' in the country.
In a filing to the BSE, Maruti Suzuki India said HSBC Global Investments Fund Mauritius Ltd had sold 1,99,198 shares in the open market on June 29.
Indian car market is crucial for any carmaker to maintain an upper hand in automotive industry dynamics.
Small car wizard, Maruti Suzuki's supremacy goes back to the year 1983 when the carmaker started its innings in India.
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.
Speaking after the meeting, Maruti Suzuki chairman R C Bhargava said the company will export 'Baleno' at the moment
Mercedes-Benz plans to sell more compact cars.
Let's take a sneak peak into these cars.
For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.
The Rs 17.70-lakh Honda Civic competes with the Skoda Octavia, Toyota Corola Altis and Hyundai Elantra.
Despite efforts by carmakers such as Ford, GM and Nissan to aggressively expand their Indian operations, domestic automakers continue to dominate the market.
Another factor that works in favour of diesel cars is its 'full-size' mileage, which falls easy on wallet.
But things are changing fast as more and more carmakers are keen to launch cars with automatic gearbox in the 'affordable segment'.
India, also referred as a hub for small cars, has umpteen hatchbacks running on its roads.
Only 450 units of the anniversary edition would be sold across the country.
But here, in a trend reversal, is a list of four diesel cars which are all geared to launch a petrol version, irrespective of the skyrocketing price of the fuel.
Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent. Experts have said that the travel firm must not change its brand name.
To continue its dominance in the compact sedan segment, which consists hard-nuts like Tata Tigor, Hyundai Xcent and VW Ameo, the numero uno carmaker has fielded third generation Dzire.
"Export will not be better in this fiscal. It will remain more or less the same as last year or may be even worse. Situation in many global markets has not improved yet," Maruti Suzuki India (MSI) Chairman R C Bhargava said on the sidelines of Hero Mindmine Summit.
Auto giants like Hyundai, Volkswagen and Nissan too will hike prices, even though no announcement has yet been made.
The i20 iGen boasts of many 'firsts in segment' features.
Despite the high fuel prices, SUVs and MPVs are becoming increasingly popular in India.
