A significant portion of the growth in June was propelled by new car launches, including Maruti's SX4, M&M's Logan and GM's Chevrolet Spark.
Maruti Udyog Ltd will maintain its share of more than half the country's car market for "quite some time," boosted by the sale of cars it introduced in the last three years, managing director Jagdish Khattar said.
Carmaker Maruti Udyog Ltd has fixed June 12 as the date for opening the books for its much-awaited public offering and the offer would close on June 19.\n\n\n\n
Maruti Udyog Ltd will launch a new compact car by 2008-9 and invest an additional Rs 3,000 crore till 2010.
The government on Friday said it had started talks with Japanese auto major Suzuki for offloading its remaining equity in joint venture Maruti Udyog Ltd.
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Oil and Natural Gas Corporation, Indian Oil Corporation, Bharat Heavy Electricals Ltd, HMT and Maruti Udyog Ltd are among the corporates that defaulted in remitting their provident fund share to the Employees Provident Fund Organisation
The largest car maker in the country Maruti Udyog has got the third highest number of votes on the index, says the global consultancy firm TNS' latest Corporate Reputation Index.
According to the Society of Indian Automobile Manufacturers, significant growth is being witnessed in the multi-axle trucks segment, which has posted 112 per cent growth in the year 2006-07.
Japanese auto major Suzuki Motor Corporation (SMC) on Wednesday said its long-serving chairman Osamu Suzuki will retire and assume the role of senior advisor subject to shareholders' approval in the ordinary general meeting to be held in June this year.
The committee, headed by Maruti Udyog CEO R C Bhargava, has already visited some of the IIMs and has completed its deliberations on the matter pertaining to administration and excellence of the institutes. The IIMs have already hiked their fees from this year. IIM-Ahmedabad had announced steepest increase of 175 per cent in the fees of its first year post-graduate programme from Rs 200,000 to Rs 5,50,000. Similarly other IIMs have increased their fees.
The divestment ministry is approaching the Foreign Investment Promotion Board for permission to allow foreign institutional investors, NRIs and overseas corporate bodies to participate in the ensuing public offer for government stake in MUL.
Thirty stocks from various sectors form the Sensex.
Infosys Technologies and Reliance Industries have emerged as 'India's most respected companies' in a survey conducted by IMRB International, based on a nationwide peer-perception survey.
Suzuki Motor Corp is believed to have reached an agreement with the government on its plans to set up a second Indian factory
Maruti Udyog Managing Director Jagdish Khattar on Wednesday said that antiquated laws, poor infrastructure and high tax regimes were preventing India from becoming a global hub for manufacturing small cars.
Suzuki Motors Corp, the parent company of Maruti Udyog, announced on Friday a manufacturing collaboration with Nissan Motor Co and said they will begin joint production in India.
Spiralling car loan rates continue to dent the passenger car market, as Tata Motors, Hyundai and Honda Motors reported slower sales in July over that in the corresponding month last year.
Domestic passenger car sales in June grew by 16.36 per cent at 94,002 units as against 80,784 units in the same month a year ago.
The Maharashtra government's decision to phase out the old ubiquitous black and yellow premier padmini taxis that are more than 25 year old in the country's financial capital has given automobile companies, which are facing declining sales due to the economic slowdown, a reason to smile.
Suzuki Motor Company chief Osamu Suzuki on Thursday called on Finance Minister P Chidambaram, within a week of the government deciding to sell 8 per cent of its equity in Maruti Udyog Ltd.
Market volatility has prompted the government to postpone the disinvestment of its residual 10.27 per cent stake in Maruti Udyog Ltd to the next financial year.
The Union government has asked Mahanagar Telecom Nigam Ltd to explore opportunities that would enable the company to expand its presence and improve financial conditions.\n\n\n\n
SMILP, despite having an installed capacity to manufacture 100,000 vehicles, sold a little over half that number between April and December last year and 5,753 units in January 2007.
Infosys has topped the AC Nielsen Corporate Reputation Index for the fourth consecutive year.
Carmaker Skoda India has decided to price Fabia, the hatchback it plans to launch at the Auto Expo in January, in the range of Rs 5-6 lakh.
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