As the strike at its Manesar plant entered the fifth day on Wednesday, the country's largest car-maker Maruti Suzuki India said there was no question of accepting the demands of the workers.
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.
High cost of acquisition due to a variety of reasons, including higher GST than all other major countries, is slowing down car demand in the country and unless the Centre and states take steps to reduce it, the industry is unlikely to experience reasonable growth, according to Maruti Suzuki India Chairman R C Bhargava. Addressing shareholders in the company's Annual Report for 2020-21, he said after the devastating second wave of the coronavirus pandemic hitting the first quarter of FY22, the performance in the next three quarters will largely depend on how effectively people get vaccinated and observe safety protocols.
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 historic 10 millionth car is a Metallic Breeze Blue WagonR VXi, with chassis No 243899 and was rolled out from the company's Gurgaon plant.
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.
The auto-maker's total headcount is currently 7,200. "We plan to have a total employee strength of 7,350 by the year-end," Maruti Suzuki India Managing Executive Officer Administration (HR, Finance and IT) S Y Siddiqui said.
The tie-up would focus on financing of entry level cars from Maruti portfolio, which include the M800, Omni and Alto models, the company said. "Maruti Suzuki is keen to expand its presence in rural and semi urban markets. We have the right products and an excellent network across the country to support it. However, there is still lot to do in the direction of finance availability especially beyond metro towns," said MSI Chief General Manager (Sales) R S Kalsi.
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 top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
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.
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.
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.
While MSI's price cuts range between Rs 8,502 and Rs 30,984 across its models, Hyundai has slashed prices by between Rs 10,000 and Rs 135,300.
The Mahindra's Scorpio-N becomes the first body-on-frame chassis SUV to secure a five-star Global NCAP rating.
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.
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.
The country's biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs 34,700 crore).
The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
Currently, the new series of engines is being used in the latest models of the Maruti stable -- Estilo, Ritz and the 'A' Star. Asked whether all the entry level cars would be equipped with the KB Series engine, Maruti Suzuki India chairman R C Bhargava told PTI that it could happen over a period of time.
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.
Maruti Suzuki India, on Friday launched its latest small car Ritz in both petrol and diesel variants, offered at an introductory price of Rs 3.90-4.99 lakh.
"Our sales have been growing since December 2008. December 2008-July 2009 are great months", Maruti Suzuki India chairman R C Bhargava told reporters in Chennai. He hoped that the next two-three months would yield a double digit growth.
The maker of the people's car finally has a people car.
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.
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.
The model's engine being upgraded to comply with BS IV norms. Engineers at Maruti Suzuki India can upgrade the engine that powers the car to comply with the Bharat Stage IV emission norms set to kick in by April next year.
Maruti Suzuki's announcement that a proposed factory in Gujarat will be owned not by it but by a fully-owned subsidiary of Suzuki Motor Corporation gives rise to several questions related to corporate governance - and to larger questions about the regulation of multinationals in India.
The small car, initially supposed to hit the market by 2011, was delayed by a year due to differences between the partners over pricing and design.
Data collated for 47 BSE50 companies (as of H1FY25) shows employees and workers filed 8,468 such complaints in FY24.
The numbers are in sharp contrast to the demand the company's premium hatchback Maruti Suzuki Swift had seen.
The country's largest carmaker Maruti Suzuki India on Tuesday said its models Swift, Baleno, WagonR, Alto and Dzire have emerged as best selling cars in 2020-21 and the top five models have come from its stable for the fourth consecutive year. Swift with over 1.72 lakh units was at the number one position followed by Baleno with 1.63 lakh units, the company said in a statement. Maruti Suzuki India's (MSI) tall boy WagonR was in the third spot with 1.60 lakh units while Alto and Dzire were at fourth and fifth with 1.59 lakh units and 1.28 lakh units respectively, it added.
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).
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.
While the company used to report bookings of 4,000-5,000 every day, following the partial lifting of lockdown, in a week, it has received around 6,000.
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.
The company saw production hit by 10,200 units till yesterday, which translates into a loss of about Rs 510 crore (Rs 5.1 billion). In the morning, shares of Maruti Suzuki India (MSI) were trading 0.43 per cent down at Rs 1,217.50 apiece on the Bombay Stock Exchange.
The first diesel car from Maruti Suzuki, Celerio diesel is pitted against Hyundai Grand i10, Ford Figo and Chevrolet Beat.
In the next 2-3 years the company will pump in Rs 4,000 cr in product development, R&D and marketing infrastructure.
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