It expects the Indian market to grow to 10 million units annually by 2030 and it intends to control half the market then, like it does now.
According to BSE, Bharti Airtel's revenue (on a standalone basis, excluding that from foreign operations and their subsidiaries) stood at Rs 49,919 crore (Rs 499.19 billion).
As part of the new Central Motor Vehicle Rules, the government is framing a mandatory recall policy entailing penalties.
Passenger vehicle wholesales in India rose 9 per cent year-on-year in August on the back of strong demand for utility models, industry body SIAM said on Monday. Overall passenger vehicle dispatches to dealers rose to 359,228 units last month from 328,376 units in August 2022. Utility vehicle sales increased 34 per cent year-on-year to 181,825 units.
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The country's largest carmaker Maruti Suzuki India (MSI) is planning to invest around Rs 18,000 crore on a new manufacturing facility in Haryana, as per a top company official. The new plant would replace the company's Gurugram-based facility and is expected to have an installed production capacity of 7.5-10 lakh units per annum. While confirming the Rs 18,000 crore investment plan, MSI chairman RC Bhargava told PTI that the company had always planned to shift the Gurugram facility to a nearby location.
The investment will be made through a joint venture with Toshiba and Denso. The battery is the most expensive single part of an EV.
To be badged the Opel Agila for Europe, the Splash might also be produced in India by Maruti Suzuki for their export commitment to Nissan Europe, totalling 50,000 units.
Equity benchmarks ended higher on Friday helped by buying in index major Reliance Industries along with fresh foreign fund inflows. Extending its previous day's rally, the 30-share BSE benchmark climbed 203.01 points or 0.34 per cent to settle at 59,959.85. During the day, it jumped 376.33 points or 0.62 per cent to 60,133.17.
Ford India and Renault too reported good sales growth in April
Maruti Suzuki, with a half a dozen models ranging from the best-selling car Alto to WagonR, Swift and Estilo accounts for around 57 per cent of the small car market in India. In the premium hatchback segment, the company's market share stands at a robust 48 per cent.
Workers rally in support of sacked employees at Manesar
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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.
Equity benchmarks ended lower on Thursday as a fag-end sell-off wiped out early gains, with IT and bank stocks playing spoilsport amid monthly derivatives expiry. After remaining in the positive territory for most part of the trade, the BSE Sensex suddenly came under selling pressure during the last half-hour of the session, declining 310.71 points or 0.53 per cent to settle at 58,774.72. During the day, it hit a high of 59,484.35 and a low of 58,666.41.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
Auto firms have reported a good jump in sales for the month of December
Almost all of these companies either unveiled their new electric vehicle or alternative energy-powered models.
General Motors, Nissan Motor India and Volkswagen managed to ride the tide with new launches.
iM-4 will be manufactured in India and exported to Europe from 2017.
Cars have just got dearer with major automobile firms, including Maruti Suzuki India, Hyundai and General Motors, increasing prices this month in order to offset rising input costs.
Car makers have started hiring from Gujarat's industrial training institutes (ITIs) for their factories across the country.
While sales of compact cars, including models such as Swift, Celerio, Ignis, Baleno and Dzire declined, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, increased 26.3 per cent to 19,177 units as compared to 15,178 in the year-ago month.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
The Centre is keen on a probe to find out if the violence in the Maruti plant in Manesar has any Maoist link.
The offer covers the Ritz, Swift, Swift Dzire and Ertiga, and is valid until May 24.
The charging infrastructure expansion includes the setup of over 600 DC charging stations by 2030 (including company-owned and company-operated ones) in addition to partnerships with over 10,200 charging points, collaborating with operators like Shell, Charge Zone, and Statiq.
Amid slowing volume sales among India's major automakers, Toyota Kirloskar Motor (TKM) has defied the trend with strong growth, driven by demand for hybrid vehicles and a reliable product line up. The company expects this momentum to continue in 2025. "The overall response to our cars has been fabulous. So, we foresee the same momentum in 2025 as well," Sabari Manohar, vice-president, sales-service-used car business, TKM, said.
The company sold 62,515 vehicles in December 2007 which includes 4,114 units of exports
The vehicles affected by the recall are manufactured between September 2011 and July 2014.
Several industry leaders on Monday supported United Progressive Alliance chairperson Sonia Gandhi's proposal of giving annuity to farmers in addition to compensation for land acquired for industrial purposes.
Maruti Suzuki has tried its level best to fit Ertiga with powerful engine options, impressive features and 'killer looks'.
The violence on August 18, 2012 broke out over wage issues when a group of employees allegedly torched a section of MSIL facility which claimed the life of Dev, a resident of South Delhi's Malviya Nagar.
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MSI had reported 14.4 per cent decline in its total sales in May this year at 84,677 units.
'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'
MRTPC disposed of the one-year-old legal battle between the two auto giants, in which the Korean car maker accused MSI (formerly Maruti Udyog Ltd) of indulging in unfair trade practice by issuing "misleading" advertisements.
Its sales grew 21% to 165,346 units
The digital training academy that incorporates satellite broadband technology will impart training sessions from a centralised studio at the car maker's Gurgaon plant to its distribution chain, factories, offices and key dealer outlets.
"These are engineers with tremendous capabilities in automobile research and engineering. They have specialisation in car design, styling and modeling, engine development and manufacturing, crash testing and hybrid technology," said I V Rao, managing executive officer (engineering) of Maruti Suzuki.
'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'
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