Maruti Udyog, the country's largest car manufacturer, will launch its cars in South Africa by next year and re-enter the European market in 2008-09.
India's largest car maker, Maruti Udyog Ltd, a unit of Japan's Suzuki, announced a $10.4 million sales promotion on Friday that could help reverse a sales decline and make it more attractive ahead of an initial public offering.
CCEA approved the proposal to give 39,777 equity shares in favour of MUL employees who had responded to our offer of 20 shares per employee at the rate of Rs 660 per share," Finance Minister P Chidambaram said on Tuesday. \n
Maruti Udyog Ltd may go in for another round of price revision by this year-end and raise prices across all models by up to Rs 15,000 for some variants.
Maruti Udyog Ltd is set to embark on an aggressive cost cutting drive and improve operating efficiencies to bring itself at par with auto major Suzuki's manufacturing facility in Kosai, Japan.\n\n
Maruti Udyog, the country's biggest carmaker, will raise prices by up to Rs 12,000 from January next year across its model range.
Maruti Udyog is set to roll out the five-millionth car from its facility in Gurgaon, Haryana this month-end.\n
The company's total income in the period stood at Rs 3,220.7 crore.
In an aggressive bid to increase market share, India's biggest carmaker Maruti Udyog Ltd on Monday launched a new-look mid-size sedan Esteem at Rs 40,000 less than the price of the existing car.
Recording the highest ever sales since its inception, India's largest carmaker Maruti Udyog Ltd posted a robust 30.3 per cent rise at 472,000 units during 2003-04.
Maruti Udyog Ltd on Friday said its sales grew by 23.2 per cent in December 2003 to 37,091 vehicles due to high domestic demand and exports.
Maruti Udyog Ltd, the country's biggest carmaker, on Wednesday said its sales jumped by 37 per cent during April-June 2003 to 90,698 units.
Maruti Udyog, which controls more than half of the country's passenger car market on the strength of its dominance in small cars, has embarked on a strategy to increase its share in the bigger car segments.
Bollywood icon Amitabh Bachchan and son Abhishek have been asked by a tax tribunal to pay tax on the 'Versa' car given to them by carmaker Maruti Udyog Ltd as part of their professional fees for endorsing the brand.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
The government on Saturday approved a price of Rs 125 per share for divestment of its 25 per cent stake in car major Maruti Udyog Ltd.
The big-ticket year-ending discounts and the anticipated jump in prices in January pushed car sales in December
A day after slashing prices of its small cars, market leader Maruti Udyog Limited has cut the price of its premium sedan Baleno by Rs 8,000 with immediate effect.
Car market leader Maruti Udyog Limited is opting for a new name. The board of directors, at its meeting in New Delhi on Thursday, approved a proposal to change the company's name to Maruti Suzuki India Limited.
The government said on Thursday that it would make public offer of 36 lakh (3.6 million) shares in Maruti Udyog Limited in June as part of its divestment in the joint venture car company.
Faced with rising input costs, Maruti Udyog Ltd on Monday effected a price hike, including on the popular Alto model, but made no changes in the prices of entry-level car M800 and multi-utility Gypsy.
Maruti Udyog Ltd has posted a net profit of Rs 2396.60 million (Rs 239.6 crore) for the quarter ended December 31, 2004 as compared to Rs 1407.50 million (140.7 crore) for the quarter ended December 31, 2003.
The divestment ministry expects to mop up about Rs 700 crore (Rs 7 billion) from the ensuing public offering in Maruti Udyog Ltd, taking the total divestment realisation for the current financial year to about Rs 4,300 crore
India's biggest carmaker Maruti Udyog Ltd will launch a new Zen compact car on November 27.
The government is likely to announce the price and allocation of Maruti shares to retail investors and institutional buyers on June 22, highly placed sources said in New Delhi on Thursday.
Suzuki Motor Corporation is believed to have promised to submit the business plan for joint venture Maruti Udyog by the month-end to enable the government to proceed with its proposed public offer.
Maruti Udyog Ltd on Thursday said its two new plants for engine manufacturing and assembly line production will be operational by the end of the year.\n\n
Maruti Udyog Ltd on Friday reported a 43.06 per cent rise in net profit of Rs 262.66 crore (Rs 2.62 billion) for the quarter ended September 30, 2005 as compared to Rs 183.60 crore (Rs 1.83 billion) in the year-ago period.
Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
Car market leader Maruti Udyog on Thursday informed its dealers that it would raise prices by next month as rising input cost was putting pressures on margin.
On the back of record sales, the country's largest car maker Maruti Udyog Ltd on Tuesday reported a 24.3 per cent jump in net profit for the fourth quarter ended March 2007 at Rs 448.6 crore (Rs 4.48 billion) over January-March 2006.
Maruti Udyog Ltd reported on Thursday a 63.1 per cent increase in net profit for the first quarter ended June 30 at Rs 369.5 crore (Rs 3.69 billion), as compared to Rs 226.4 crore (Rs 2.26 billion) in the corresponding quarter of the previous fiscal.
India's largest carmaker, Maruti Udyog Ltd on Friday reported an impressive 65 per cent jump in net profit in fourth quarter of 2004-05 to Rs 259.45 crore as compared to Rs 157.15 crore during the year ago period.
Maruti Udyog reports a 39.9 per cent jump in second quarter net profit at Rs 367.4 crore (Rs 3.67 billion) while total income (net of excise) up 12.5 per cent at Rs 3,540.8 crore (Rs 35.40 billion).
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