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.
Car wil be available in two variants, with base version priced at Rs 6.52 lakh, top end at Rs 7.30 lakh
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.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
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.
The country's largest car-maker Maruti Suzuki India on Monday said its Manesar plant has stopped functioning, resulting in a production loss of about 1,200 units so far as a workers' strike entered the third day.
The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the eighth pay commission dole-out, is likely to push consumption-driven stocks - such as air conditioners (ACs), select automobiles, fast-moving consumer goods (FMCG), retail, and counters of quick-service restaurants (QSRs) - into higher orbit over the next few months, believe analysts.
Leaders of Maruti Suzuki Workers Union could not be contacted for their comments on future course of action.
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.
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).
India and the 27-nation European Union are negotiating Broad based Trade and Investment Agreement since June 2007, but a breakthrough has not yet been achieved due to strong differences on several of the issues.
The company's Ritz, launched in May, was the first car in India to conform the Bharat Stage-IV emission norms.
The Alto was first launched in September 2000 and has registered sales of over 2 million units so far.
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
The country's largest car maker, Maruti Suzuki India Ltd, on Wednesday reported a 22.63 per cent jump in its sales at 75,109 units in June against 61,247 units in the same month last year.
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.
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.
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.
India's largest carmaker Maruti Suzuki India is planning to launch a new version of its small car Alto, the highest selling model in India, with a bigger engine.
Manesar plant was rolling about 1,200 cars every day before the first strike hit in June.
While compact SUV Vitara Brezza will cost Rs 20K more, Baleno will be constlier by Rs 10K
The new SX4 comes with many features including an all new touch-screen audio with integrated navigation with Bluetooth.
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 dealers have started accepting bookings for Rs 10,000.
With 15 models and a market share of close to 50 per cent, it rules the Indian market, selling almost 1.5 million units every year, rolling out one model every ten seconds.
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.
MSI's exports, however, fell by 13 per cent to 10,554 units.
Prices third Nexa car aggressively at Rs 4.59 lakh, to take on Hyundai's i10Grand and M&M'S KUV100.
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.
Suzuki Motor Corporation, Japan, on Thursday said it has filed suits in the Delhi High Court against ten companies for using the brand 'Suzuki' as trademark or part of their corporate names.
Cops name them as main accused in violence at Manesar plant, in which a senior official was killed.
Despite the benefits of hybrid technology, a lack of government backing and few launches have kept the segment from gaining ground.
In March it reported an increase of 38.85 per cent in sales in the domestic market to 110,424 units from 79,530 units.
There is a possibility of fuel smell and in extreme condition there may be some fuel leakage.
A draft notice has been prepared and villagers are deliberating on the issue and taking legal counsel.
The car, the cheapest in its category, will compete against the Maruti Suzuki Dzire, the Honda Amaze, the Hyundai Xcent and the Tata Motors Indigo CS.
