Country's largest car maker draws nearly half of its sales from exchange programmes, rural focus.
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.
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.
MUL would lift the month-long lockout and resume production at the violence-hit Manesar unit from Tuesday.
The new model, which is based on the company's fifth generation HEARTECT platform, comes with a BS-VI compliant one-litre petrol engine with a claimed fuel efficiency of 21.7 km per litre.
Talks between the management and striking workers at the Manesar plant broke down.
'We are going to have hybrid cars, which, as far as I know, none of our competition is working on, and this includes ethanol.'
The current headcount in Maruti stands at around 9,350, including the 200 employees it hired since the beginning of this fiscal.
The previous highest sales figure stood at 1,08,006 units in September 2010. It was also for the fifth time in this fiscal that the company's monthly sales crossed the one lakh mark.
The country's largest car maker Maruti Suzuki India (MSI) on Friday said it is recalling 1,81,754 units of petrol trims of various models, including Ciaz, Vitara Brezza and XL6, to replace faulty motor generator unit. This is the company's largest vehicle recall till date. As a responsible corporate, keeping in mind customer safety, the company has announced to proactively undertake a recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6, MSI said in a regulatory filing.
In February, Maruti cut vehicle prices by between Rs 8,502 and Rs 30,984 across models after the excise duty reduction was announced.
Car exports from India have reached the levels of around six lakh units annually.
Nissan Motor Company, Japan's third-largest auto maker, has decided to cut its small car sourcing target from India's biggest car company Maruti Suzuki by 80 per cent in view of the severe downturn in Europe's automobile market.
According to industry sources, the company has stopped its production of the current SX4 model in order to change engine, which would be in compliant with the Bharat Stage-IV norms.
The crippling strike at the country's largest car-maker Maruti Suzuki India's Manesar plant entered its 13th day on Thursday, with production completely shut down.
According to experts, even if an additional 5 per cent of people opt to buy new vehicles, it may bring a huge boost to the sector.
Includes all-new versions of Swift and Swift Dzire.
Workers, union leaders in hiding amid spate of arrests; Japanese nationals among 100 injured; killed person identified as HR general manager
A clutch of automakers including Maruti Suzuki, Hero MotoCorp, Mercedes Benz India, Eicher Motors, TVS Motor, and Isuzu Motors India announced they had got the clearance from the governments of the states they operate in to resume operations.
According to information available on the company's website, Swift, which was launched as a world strategic model in 2004, reached cumulative worldwide sales of four million units in August 2014 -- nine years and nine months since the start of sales in 2004.
Maruti was allotted around 640 acres of land at Hansalpur which lies nestled between Mehsana district and the Sanand-Viramgam area.
Taking exception to an advertisement by Maruti Suzuki India in November last year in one of the newspapers published in Chandigarh, HSCI's notice said a comparison between SX4 and the new Honda City was made, which had 'given completely false figures of the new Honda City in order to show superiority of your product SX4.' The comparison relates to height and length of the new Honda City as well as the 'absence' of integrated stereo systems.
Top carmaker Maruti Suzuki on Thursday said that Gujarat is a preferred location for the company to set up its new manufacturing plant.
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.
Sales for the same month previous year were at 84,804 units, Maruti Suzuki India said.
Suzuki Motor Corporation Chairman Osamu Suzuki has rejected an appeal by the Gurgaon unit of the Maruti Udyog Kamgar Union to reinstate the 500 workers who were sacked by Maruti Suzuki's management for their alleged involvement in the violence at the company's Manesar plant on July 18, which left one dead and several injured. The facility was locked out for about a month.
'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'
It is currently working out the details of the quantum of price increase, which will vary depending on the model.
The country's largest car-maker has also issued termination notices to 500 regular workers.
The national capital-based company recorded sales of 82,870 units in the domestic market last month, a 19.15 per cent fall from 1,02,503 units in November, 2010.
The car will rival Honda City, Hyundai Verna, VW Vento and Skoda Rapid.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
Auto majors, except Maruti, register marginal growth in sales in October.
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.
Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said on Friday. The passenger vehicle registrations last month stood at 302,214 units, as compared to 311,908 units in May 2024.
Car wil be available in two variants, with base version priced at Rs 6.52 lakh, top end at Rs 7.30 lakh
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
The country's largest carmaker Maruti Suzuki India on Monday reported a 25.34 per cent fall in total sales for July to 75,300 units, mainly due to sluggish market condition and non-production of hatchback Swift as the company is preparing to launch a new version of the car soon.
Shares of Maruti Suzuki tanked over 5 percent last week on concerns related to its plant in Gujrat. However, its chairman says, company will deliver good results in ensung quarters.
