MSI had around 3,300 workers at the Manesar plant before the July 18 violence, in which one executive was killed and 100 injured.
Contrary to expectations that car sales dip in December, auto majors Maruti Suzuki and Hyundai Motor India are poised to grow 30 per cent in sales (the two companies control 72 per cent of the domestic market). General Motors is looking at 70-80 per cent increase in sales.
Hoping to turn the tables on Japanese rival Maruti Suzuki's Swift, Korean car major Hyundai will launch a new version of its premium hatchback Getz under a new name Getz Prime by the end of this month in India.
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
Equity markets opened the trade on a lower note on Monday, extending the previous day's fall, with the Sensex tanking 785 points in early trade, mirroring an extremely weak trend in Asian markets. Also, unabated foreign fund outflows and selling in index majors Reliance Industries, Infosys and TCS added to the weak sentiment. The BSE benchmark Sensex was trading 785 points lower at 56,412.14. The NSE Nifty declined 243.35 points to 16,928.60
MSIL, India's biggest car maker, said it was in advanced talks with Fiat to ink a diesel engine sourcing contract that would allow it to rapidly increase diesel model supplies into the market.
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Sales of mini cars comprising Alto and WagonR were at 11,577 units as compared to 37,710 units in July last year, down 69.3 per cent.
'Currently, EVs are about 30-50 per cent more expensive than ICE vehicles. I believe the inflection point for EVs will come when this price gap narrows to 20-25 per cent. That's when people will start coming in.'
Sales of the Maruti's mini-segment cars such as M800, A-Star, Alto and WagonR, fell by 15.87 per cent
MSIL deputed another 40 engineers from its Gurgaon plant to work at Manesar also in Haryana. This takes the total strength of engineers at the facility now to 90.
The company, which produced 92,653 units in September 2012, however, had sold more cars this year in the same month.
Maruti Suzuki, with a half a dozen models ranging from the best-selling car Alto to WagonR, Swift and Estilo accounts for around 57 per cent of the small car market in India. In the premium hatchback segment, the company's market share stands at a robust 48 per cent.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
The country's biggest car maker Maruti Suzuki India on Monday reported 27.4 per cent decline in car sales during November at 47,103 units compared to 64,885 units in the same month last year.
Around 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 5,400 units, so far.
The country's largest car maker Maruti Suzuki India on Tuesday said its sales may be hit if strike at its Manesar plant prolongs, while it has already incurred production loss of about 3,000 units till the 4th day of stir by workers.
The domestic sales stood at 64,682 units compared with 63,086 units in the same month a year ago, up 2.53 per cent, the company said.
Maruti Suzuki will be launching 20 new products by 2020.
Auto firms have reported a good jump in sales for the month of December
The company said the price rise is effective from April 4 across the country.
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The company sells a range of models starting with the small car M800 to the luxury sedan Kizashi, which are priced between Rs 204,000 and Rs 17.5 lakh or Rs 1.75 million (ex-showroom Delhi).
Tata Motors on Friday said it will hike the prices of its passenger vehicles, excluding the Nano, by up to Rs 36,000 from April 1, to offset rising input costs.
Maruti Suzuki's woes at Manesar are piling up with the Haryana government asking the company to pay Rs 235 crore (Rs 2.35 billion) to HSIIDC as enhanced compensation to farmersfor land acquisition under a Supreme Court order.
The company said its domestic sales increased by 0.7 per cent at 56,411 units as against 56,000 units in June last year. It said the A2 segment, comprising Alto, Zen Estillo, Wagon R and Swift registered a marginal growth of 0.3 per cent at 37,767 units, against 37,646 units in the same month last year.
The first major pricing error was made by market leader Maruti Suzuki when it launched its first crossover the S Cross
With the impasse that started on August 29 continuing, the company said it brought in 50 more ITI-trained and experienced workers at the plant.
The two car companies have one of the most prominent hatchbacks in the premium segment namely, Maruti Swift and Honda Jazz.
Maruti Suzuki India, country's largest car maker, on Wednesday said it will increase the prices of its entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of rupee.
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Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 334,537 units in May 2023.
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