The company had posted a net profit of Rs 465.36 crore (Rs 4.65 billion) for the same quarter last fiscal, Maruti Suzuki India said.
According to estimates available with industry experts, the wage bill of Maruti Suzuki, the country's largest car maker, is expected to increase by Rs 65-70 crore (Rs 650-700 million) after the increments.
Maruti was allotted around 640 acres of land at Hansalpur which lies nestled between Mehsana district and the Sanand-Viramgam area.
The new Swift, which the country's biggest car maker -- Maruti Suzuki India Ltd -- plans to launch next month, is more fuel-efficient. It will come with 1.2-litre petrol and 1.3-litre diesel variants.
Demand for models such as Ertiga, DZire and Swift were robust in the quarter despite slowdown in auto industry.
Auto majors, except Maruti, register marginal growth in sales in October.
The new SX4 comes with many features including an all new touch-screen audio with integrated navigation with Bluetooth.
Leaders of Maruti Suzuki Workers Union could not be contacted for their comments on future course of action.
From the 30 Sensex companies, Zomato, Tata Motors, IndusInd Bank, Asian Paints, Bajaj Finance, Maruti Suzuki India, Adani Ports, Hindustan Unilever, Reliance Industries, Bajaj Finserv, UltraTech Cement and Infosys were among the laggards. In contrast, State Bank of India, ICICI Bank, Tata Steel, NTPC, Tata Consultancy Services, PowerGrid, Kotak Mahindra Bank and Sun Pharmaceuticals were the gainers.
The move is a part of the company's plans to expand its portfolio of eco-friendly vehicles, which could see other models such as Alto, Eeco, Estilo and SX4 also powered by CNG fuel, industry sources said.
Car wil be available in two variants, with base version priced at Rs 6.52 lakh, top end at Rs 7.30 lakh
At a time when frequent labour unrests are plaguing the Indian auto industry, car market leader Maruti Suzuki was able to save about Rs 160 crore (Rs 1.6 billion) in 2010-11 by implementing suggestions given by its workers. "We have active engagement programmes going on in the company.
Maruti Suzuki India on Thursday said it is likely to raise in the next few weeks, the price of its entry level sedan Swift DZire to offset high input costs.Based on the Swift platform, Maruti has priced this entry level Sedan in Mumbai from Rs 4.70 lakh for petrol and at Rs 5.60 lakh for diesel (ex-showroom).
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
It is currently working out the details of the quantum of price increase, which will vary depending on the model.
The order, which came on Monday, stated that revenue authorities cannot split the agreement when the parties to the agreement considered the royalty and technical knowhow as a single package.
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.
Production at Gurgaon plant remained low on Thursday and rolled out only 600 vehicles as against the normal daily production of 2,800 vehicles.
The country's largest carmaker, Maruti Suzuki, on Monday said it has stopped working on LPG models as it will roll out CNG variants of the entire range of its cars from early 2010, the first of which could be its highest selling model Alto.
The A-Star will be available at an introductory price ranging from Rs 3,47,000 to Rs 4,12,000. A-Star is Maruti's fifth global model which would be manufactured only in India. The company plans to sell 50,000 units in the domestic market, while targets to export 1 lakh units.
Net sales during the period under review stood at Rs 10,956.95 crore (Rs 109.56 billion), up 45.57 per cent from Rs 7,527.10 crore (Rs 75.27 billion) in the year-ago period, Maruti Suzuki India said in a statement.
The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
India's largest car maker Maruti Suzuki on Thursday said it has no plans to cut the price of Maruti 800 to compete with Tata Motors' Nano.
Maruti Suzuki India Limited, the country's largest car manufacturer, on Wednesday unveiled its luxurious and sporty sedan, Kizashi, at an introductory price of up to Rs 17.5 lakh (Rs 1.75 million).
Hyundai Motor India and Honda Cars India on Wednesday joined the list of automakers planning to hike prices of vehicles from April, second time this year, to partially offset the impact of rising input costs and higher operational expenses. In a statement Hyundai Motor India Ltd (HMIL) said it will hike prices of its vehicles by up to 3 per cent effective in April 2025.
Shinzo Nakanishi had a total pay package of Rs 2.8 crore (Rs 28 million) last fiscal ended March 31, 2012, slightly higher than Rs 2.4 crore (Rs 24 million) in the previous year, as per Maruti Suzuki's latest annual report for 2011-12.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
Maruti Suzuki India will set up 200 new company-owned service centres across the country by the end of the financial year, after which it will have over 3,040 such centres.
A draft notice has been prepared and villagers are deliberating on the issue and taking legal counsel.
The A3 segment (Swift Dzire and SX4 sedans) sales grew by 36.5 per cent to 8,995 units in January 2010.
According to sources close to the development, the newly formed body -- Maruti Suzuki Workers' Union -- has submitted a list of about 20 demands to the management for consideration while finalising the three-year wage settlement agreement.
Market leader Maruti Suzuki on Tuesday unveiled a new sedan, Swift DZiRE, to be launched on March 29 priced below the company's existing car SX4. The new car will be available in both petrol and diesel variants. The petrol variant may be priced between Rs 4.75 to Rs 5 lakh, while the diesel variant would be available for above Rs 5.5 lakh. Maruti is also expanding the capacity of its plant in Manesar to 3 lakh units per annum by 2010, up from the existing about 1.4lakh units.
The New Year will begin on a costly note for car buyers with major players, including Maruti Suzuki, Hyundai Motors and General Motors, planning to increase prices of the vehicles by as much as Rs 12,000.
The company, which has been negotiating contract manufacturing deal for its A-Star model with Nissan, also expects to start exports for the Japanese car maker by around February-March next year. The company, which has been negotiating contract manufacturing deal for its A-Star model with Nissan, also expects to start exports for the Japanese car maker by around February-March next year.
The Haryana government has agreed to appoint a special prosecutor, K T S Tulsi, to frame charges against those identified in connection with the incident.
From the Sensex pack, IndusInd Bank, Infosys, Bajaj Finserv, Mahindra & Mahindra, Zomato, Hindustan Unilever, Power Grid, Axis Bank, UltraTech Cement, Adani Ports, and Tata Consultancy Services were among the laggards. On the other hand, Sun Pharmaceuticals, ICICI Bank, Bharti Airtel, HCL Technologies, Maruti Suzuki India, Larsen & Toubro, Reliance Industries, Kotak Mahindra Bank and Titan were the gainers.
The fact that Ratan Tata is lurking around the corner with his Rs 1 lakh car will not make Nakanishi's job any easier, or less public.
Maruti's transformation -- if not descent -- to the 'low road' of labour practices stems from growing competitive pressures in the marketplace since the late 1990s.
The country's largest car maker, Maruti Suzuki, will finalise investment plans for a new plant at its Manesar facility at a board meet of the company in mid-October.
The company had posted a net profit of Rs 243.13 crore (Rs 2.43 billion) in the corresponding quarter of 2008-09 fiscal, Maruti Suzuki India told the Bombay Stock Exchange.
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