Among the Sensex stocks, JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Adani Ports and Special Economic Zone, Bharti Airtel, ITC and Tech Mahindra were the major gainers. Reliance Industries, Tata Motors, Infosys, Mahindra and Mahindra, Bajaj Finance and Axis Bank were the laggards.
The only silver lining in March's performance -- which otherwise dragged down the financial year's momentum -- was a 6 per cent year-on-year (Y-o-Y) growth compared to March of the previous year. This is largely due to incentives, festival-driven gains, and new launches.
Hyundai, has a share of about 16% and grew sales by less than 4% in April- May 2017-18
Maruti Suzuki had discontinued the mid-sized sedan Baleno in 2006, which was replaced by SX4 later on.
Maruti Udyog Ltd on Wednesday said it would invest a total of Rs 3,271.9 crore (Rs 32.71 billion) for a new car manufacturing plant
It's not only the Indian markets that command a valuation premium over their global peers; shares of subsidiaries of India-listed multinational companies (MNCs) also trade at rich valuations compared to their parent companies. An analysis of 12-month forward price-to-earnings (P/E) and price-to-book (P/B) multiples of domestically listed MNCs shows that most quotes have a premium ranging from 2.1x to 6x that of their parent. Similarly, P/B, in most cases, is significantly higher in the domestic market.
With swanky showrooms and VR-enabled sales platforms Maruti Suzuki, Tata Motors, and Skoda bet on shine and gloss,and place their faith in experiential branding.
Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.
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 anniversary variant will compete with Chevrolet Enjoy and the Mahindra Xylo H-Series.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
The Centre is keen on a probe to find out if the violence in the Maruti plant in Manesar has any Maoist link.
The country's largest car maker Maruti Suzuki on Thursday said it intends to tap a host of new export markets like the Middle East, South America and Australia.
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. During the session, it hit a high of 74,478.89 points and a low of 73,765.15 points.
R C Bhargava says company's move on the Gujarat plant will be beneficial to its shareholders.
Maruti Suzuki signed a State Support Agreement with the Gujarat government in June 2012 for buying land and setting up a factory
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
The company had sold 115,433 units in the corresponding month last year, MSI said in a statement.
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.
The country's largest car maker Maruri Suzuki India on Friday said it has cut down production on most of its models this month due to slowdown in the market.
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023.
"The Manesar plant remains captive in the hands of workers. There is no production possible there. Due to the impact of components from SPIL, production at Gurgaon will be even lower compared to yesterday," a Maruti Suzuki India spokesperson said.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
'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.'
Maruti Suzuki Motor Corp on Tuesday rolled out its millionth baby, a dazzling red Swift from its plant here.
The company sold 62,515 vehicles in December 2007 which includes 4,114 units of exports
The recall is only for the diesel variants of the three models. Out of the total, 55,938 units are of old Dzire, 12,486 units of old Swift and 1,131 units of Ritz, which were manufactured between March 8, 2010 and August 11, 2013, the company said.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
Maruti Suzuki expects a pick-up in demand for petrol cars, even as the diesel segment continues to clock strong volumes. It is also trying to grow exports.
'It leads to more investment, more money put in R&D, expansion and modernisation.'
With Nexa, the value-for-money mass-market car maker hopes to attract premium buyers. Sangeeta Tanwar reports.
Maruti Ciaz and Ertiga are exempt from the infrastructure cess and so, there is no change in the prices of these models.
Stingray is a sportier version of the WagonR with a more aggressive frontal styling and masculine cues in the rear.
iM-4 will be manufactured in India and exported to Europe from 2017.
After rolling out five compressed natural gas models last year, India's largest passenger car maker, Maruti Suzuki India Ltd, is mulling a CNG platform for all its makes.
The offer covers the Ritz, Swift, Swift Dzire and Ertiga, and is valid until May 24.
Under a new industrial relations deal, the worker's basic right to a living wage and decent working conditions, as well as the right of association and collective bargaining, must be respected and made effective.
For a contiguous plot, the company may need to pay almost three times more for 40 acres at Hansalpur.
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