The 11th Auto Expo will be held from January 7 - 11, 2012, at Pragati Maidan in New Delhi.
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 numbers are in sharp contrast to the demand the company's premium hatchback Maruti Suzuki Swift had seen.
The company, which sells every second car in the domestic market, said it expected production and sales to grow between 4 per cent and 8 per cent for the financial year started in April.
After the easing of lockdown in mid-May, auto companies were able to resume production in a phased manner, but the ramp-up was slow due to a broken supply chain, and lockdown-induced restrictions.
The first diesel car from Maruti Suzuki, Celerio diesel is pitted against Hyundai Grand i10, Ford Figo and Chevrolet Beat.
Maruti, M&M report weak sales, Hyundai up marginally.
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.
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.
Data available from top six players - Maruti Suzuki, Hyundai, M&M, Tata Motors, Honda and Toyota - shows an average growth of about 42 per cent for the industry in June
The country's largest carmaker Maruti Suzuki India on Thursday said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. Honda Cars India and Volkswagen India said they, too, are contemplating the same.
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.
MUL would lift the month-long lockout and resume production at the violence-hit Manesar unit from Tuesday.
The union is organising a protest rally this afternoon at Gurgaon against the sacking, apart from making other demands.
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
Expressing solidarity with agitating Maruti Suzuki workers, about a hundred protesters from various trade unions staged a demonstration outside Haryana Bhawan on Thursday, seeking the government's intervention for reversing the suspension and dismissal of workers by MSI.
In what seems to be a softening of stance, Maruti Suzuki India Ltd (MSIL) has decided not to take any immediate steps to de-recognise the newly instituted Maruti Suzuki Workers' Union (MSWU) of the Manesar unit.
The average discounts on the models, especially petrol, were all-time high during the July-September quarter.
Leaders of Maruti Suzuki Workers Union could not be contacted for their comments on future course of action.
Buoyed by good response to its new Alto 800, which has touched 21,200 bookings within a week of launch, Maruti Suzuki India is looking to cash in on the ongoing festive season sales.
The Alto was first launched in September 2000 and has registered sales of over 2 million units so far.
According to a memorandum of understanding signed between the two organisations, Maruti Suzuki India will sponsor executives every year for the part-time post-graduate diploma in management programme at IMI, the car-maker said.
For the entire 2012-13 financial year, however, the company's total sales increased by 3.33 per cent to 11,71,434 units from 11,33,695 units in 2011-12, Maruti Suzuki India said in a statement.
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.
The current headcount in Maruti stands at around 9,350, including the 200 employees it hired since the beginning of this fiscal.
Maruti Suzuki India had rolled out its first car -- an M800 -- in December 1983 and attained five million domestic sales in February 2006.
Besides, the company has received large number of enquiries about the Ertiga, priced at Rs 623,000-888,000.
Maruti Suzuki India said on Wednesday it has run out of stock of the two best selling models, Swift and DZire, which are produced at the Manesar plant where it has declared lockout following violence last week.
Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales.
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.
Small car wizard, Maruti Suzuki's supremacy goes back to the year 1983 when the carmaker started its innings in India.
Maruti Suzuki along with Dun & Bradstreet announced the launch of Colors of Youth 2011, a national level talent search competition for students pursuing professional courses in the country. Read on for details.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
While the workers have decided to retain the previously proposed name Maruti Suzuki Employees' Union, a new crop of leaders have emerged to take forward their cause.
The S&P BSE Auto Index has been one of the biggest outperformers among sectoral indices over the past year with returns of 26 per cent. By comparison, the benchmarks - the National Stock Exchange Nifty50 and the S&P BSE Sensex - managed about 6-8 per cent during this period. Improving demand, falling raw material costs, and rising product realisations, led by the premiumisation of portfolios, have led to a revision of growth estimates and upgrades by domestic brokerages.
According to the company, the talks that began on Wednesday morning at 11 am continued through the night and were still going on Thursday morning.
Talks between the management and striking workers at the Manesar plant broke down.
Urvi Malvania looks at what is in store for the IPL's 2019 edition.
The strike by workers at Suzuki Powertrain India Ltd in support of their colleagues at the Manesar plant has made the situation even more precarious for the Maruti Suzuki India management.
