To check sagging sales of its once bread-and-butter 'M800' model, the country's biggest carmaker Maruti Udyog Ltd on Monday announced a Rs 16,000 price cut, taking it below the Rs 200,000-mark.
Maruti Udyog on Monday said its net profit soared by 42.1 per cent to Rs 170.9 crore during the quarter ended June 30, 2004 against Rs 120.2 crore during the year-ago period, buoyed by a 19 per cent jump in sales volume.
Maruti Udyog is introducing a special non-AC variant of 'Esteem' priced at Rs 3.08 lakh after an approval from finance ministry, which accorded the sedan the status of staff car for government officials.
The government will offload a portion of its equity in Bharat Heavy Electricals Ltd and Maruti Udyog in the market by the end of this fiscal to mop up over Rs 2000 crore (Rs 20 billion).
Even as sales of M800 model fell 30 per cent and exports declined, car market leader Maruti Udyog Ltd on Monday reported a 13.6 per cent rise in sales in the just-concluded fiscal at 5,36,301 units against 4,72,122 units in 2003-04.
India's biggest carmaker Maruti Udyog Ltd on Tuesday announced the setting up of a diesel engine plant with an investment of Rs 350 crore (Rs 3.50 billion).
Maruti Udyog Ltd on Thursday launched an LPG variant of its commercial vehicle Omni Cargo, India's first clean fuel vehicle used for transport applications.
Maruti Udyog Ltd reported on Thursday a 61.6 per cent increase in domestic vehicle sales during February at 59,095 units as against 36,608 units in the same month last year.
Maruti Udyog Ltd's public offer was on Wednesday oversubscribed by 5.6 times with bids for 5.18 crore (51.8 million) shares pouring in on the penultimate day of the issue.
Maruti Udyog Ltd, India's largest car-maker, has lowered prices between Rs 3,000 and Rs 5,000 on its cars following a reduction in the concessional central state tax offered by the Haryana government.
India's largest car maker Maruti Udyog Ltd has reported a net profit of Rs 124 crore (Rs 1.24 billion) in the second quarter of this fiscal on the back of 18 per cent sales growth.
Maruti Udyog has posted a net profit of Rs 376.41 crore for the third quarter ended December 31, 2006 when compared with Rs 339.01 crore in Q3 FY06.
Maruti Udyog Ltd on Wednesday reported a 39.1 per cent increase in net profit for the quarter ended March 31, 2006 at Rs 360.9 crore (Rs 3.60 billion) and announced a 70 per cent dividend.
Car market leader Maruti Udyog on Monday reported a three per cent rise in sales in July this year at 44,753 units against 43,419 units in the same month last year, boosted by a revival in exports and healthy sales of hatchbacks.
Maruti Udyog Ltd on Friday reported a modest 4.6 per cent rise in sales in June 2005 at 41,390 units against 39,574 units in the same month last year, even as sales of its 'M800' model continued to skid despite a massive price cut announced in the mo
The government will invite bids by next week from advisors for selling its 8.0 per cent stake in Maruti Udyog Ltd.
The much-awaited public offering of shares for Maruti Udyog will hit the market by early June this year, the company's managing director Jagdish Khattar told reporters in New Delhi on Thursday.
The country's largest carmaker Maruti Udyog Ltd is planning an across the board increase in car prices from April 1 on the back of hike in steel prices following this year's budget proposals.
Maruti Udyog on Monday said its cars were set to become dearer by 2-2.5% owing to rise in steel prices and technology cost for new emission norms.
The company's exports during the month surged 59.6 per cent at 5,739 units compared to 3,596 units in August 2006, MUL said in a statement.
India's biggest carmaker Maruti Udyog Ltd on Thursday launched a variant of premium mid-size sedan Baleno and announced a price cut on its existing versions.
The company, which has set an export target of around 2,20,000 units by 2010, is spreading into new markets like the UAE,Philippines and Indonesia.
Maruti Udyog on Thursday said it has entered into a new five-year wage settlement with its employees' union, aimed at drastically cutting costs and simplifying the wage structure.
Maruti Udyog Ltd on Thursday launched a new version of its station wagon model 'WagonR', with changes in the car's interiors and exteriors.\n\n
The government is likely to mop up between Rs 950 crore and Rs 1,000 crore (Rs 9.5 billion and Rs 10 billion) from the public offer of shares in car-maker Maruti Udyog Ltd at Rs 122-125 a share.
Maruti Udyog Ltd, the country's largest carmaker, on Monday said its sales fell by 4.2 per cent in August due to lower production following a prolonged strike at one of its major component suppliers.
Maruti Udyog Limited continued to lead the Indian automotive market in customer satisfaction and dealer service bagging the J D Power Asia Pacific 2002 award for the category for the third consecutive year, while two Hyundai models bagged the awards.
Domestic car market leader Maruti Udyog Limited, which had till recently refrained from making a serious foray into the diesel-powered segment, foresees 20 per cent of its sales coming from such cars by 2010.
India's biggest car maker Marutyi Udyog Ltd, a unit of Japan's Suzuki Motor Corp, said on Wednesday it may have to temporarily close its plant due a nationwide strike by truckers now in its third day.
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