'It will take some more time because the affordability of these cars have changed drastically.'
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
The Maruti Celerio isn't a game changer but an average performer in many areas.
Maruti is now at a market share of 50.4%, up from 47.3% last year. In China, the world's biggest market, Volkswagen is the largest, with a share of 17%. In America, the second biggest, GM is leader with 18%. One exception is South Korea, where Hyundai has a market share in excess of 60%.
The petrol and diesel base variants of Enjoy are priced Rs 49,000 and Rs 70,000 cheaper than the Ertiga.
Production has not started yet, but there are indications that it will resume today with alternate arrangements like contract workers and hiring technicians.
Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from Wednesday.
In the last two days, the company had done the ground work for resumption of work in the press, weld and paint shops by bringing in additional workers.
Will sign agreement with vendors to make sure indigenisation takes place within given timeframe.
Maruti Suzuki India, which last year dropped Udyog as its middle name and appointed its first Japanese managing director, has set up a new management structure installing five Indians in crucial decision-making positions. This layer forms the second rung of the company's executive management, just below managing director S Nakanishi. Earlier, when Jagdish Khattar was the managing director, he was the only Indian in the top management.
The unit has a manufacturing capacity of 700,000 cars in two shifts. This means the Japanese major is cutting production by 35,000 cars as higher loan rates and a slowing economy sapped demand for automobiles. Sales at Maruti, 54 per cent owned by Suzuki, fell 7 per cent in October. India is the biggest global market for Suzuki, Japan's second-largest minicar maker.
The country's largest car maker Maruti Suzuki India on Tuesday reached a wage settlement agreement with its workers at its Gurgaon plant, under which the employees will get an average salary hike of Rs 18,000 per month spread over three years.
Maruti has rolled out the millionth unit of Alto, since its launch in Sept 2000.
Under the campaign --'Beat The Heat', the company will also offer free top wash, TrueValue evaluation and exchange.
The company will stop offers once the sales pickup.
Maruti Suzuki India on Tuesday reopened its Manesar plant amid heavy security, a month after a lockout was declared due to the violence in which one senior company official was killed and 100 others injured.
MSI exported 70,023 units in the 2008-09 fiscal.
A group of casual workers have been sitting in front of the Manesar plant, asking the company to let them rejoin work.
It will be priced slightly higher than the current WagonR and Maruti will sell both alongside.
With the kind of powertrain and output potential Kizashi comes in direct competition with the likes of Honda Accord, Volkswagen Jetta, Chevrolet Cruze, Skoda Laura and Toyota Camry.
'It leads to more investment, more money put in R&D, expansion and modernisation.'
Maruti is expected to post double-digit growth on product launches and good demand for entry-level cars.
Maruti Suzuki is planning a further investment of Rs 9000 crore in India for world class R&D centres, design facility, regional distribution centres and logistics support. The fresh investment will be made over a longer period, about eight years, as compared with three years for some earlier investments. Regional warehouses will cut short the delivery time of vehicles. The centralised and timely despatch of vehicles from its facilities in the north will mean faster shipment.
Hit by recurrent labour unrest at its Manesar unit in Haryana, Maruti Suzuki India Ltd (MSIL) on Thursday said the company would introspect on whether an affiliated union with a pro-business approach and mature leadership would benefit the company.
The Manesar plant rolls out about 1,200 units every day in two shifts.
Maruti Suzuki India growing by a paltry two per cent in January, recorded the lowest growth in this financial year, which could be due to the launch of Tata's Nano.
Khattar's place will be taken by Shinzo Nakanishi, who is currently the chairman of MSIL. R C Bhargava, who is a director, has been named the new chairman.
As rivals gain ground, the market share of the country's largest car-maker, Maruti Suzuki India, continues to hover below the 50 per cent mark, despite the firm posting its best-ever monthly domestic sales in July.
Expects to sell an additional 7,500 units of the model per month.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
The country's largest car maker Maruti Suzuki India (MSI) on Thursday said it is considering increasing prices of its products from next week to offset the impact of rupee depreciation.
"While Maruti Suzuki commends these various initiatives (plans to develop and offer low-cost cars by various manufacturers), the company has no plans whatsoever of developing or offering a car in the segment below the Maruti 800," the company said in a statement.
Still recovering from the impact of workers' violence in July at the Manesar plant, the company also said it is looking at 10 per cent increase in overall production this fiscal.
The new model, named M800 Duo will have dual fuel option of petrol as well as LPG, the company said in a statement. The new M800 will be available in two options--M800 Standard with LPG, priced at Rs 2.05 lakh ex-showroom Delhi and M800 AC LPG tagged at Rs 2,26,000.
If the 'connecting rod bolt' is found defective, the company will replace the component free of cost.
Suzuki Motors' Gujarat plant will be ready by 2017.
'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.'
This follows three other special edition Maruti launched recently - WagonR Madhavan Signature Edition, Alto K10 Musik edition and Ertiga Feliz edition.
Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.
The labour unrest at Maruti Suzuki India's Manesar plant took a violent turn on Thursday when a group of supervisors were attacked on their way to work, with five of them sustaining injuries.
