M&M also saw its domestic passenger vehicle sales grow by 1 per cent, while Toyota Kirloskar Motor witnessed a decline in its PV sales.
In the ongoing tug-of-war for supremacy in the Indian car market, Hyundai blinked first by withdrawing 'temporarily' its advertising brochure 'Xing ahead of the Swift' in response to a legal notice served last week.
Addressing shareholders at the 31st annual general meeting, which started after observing a minute's silence in memory of slain general manager Awanish Kumar Dev, Maruti Suzuki India chairman R C Bhargava said that security cover at Manesar plant will continue till its staff feels secure.
Workers rally in support of sacked employees at Manesar
Among the Sensex constituents, 18 stocks closed in negative with UltraTech Cement, L&T, Bharti Airtel, Bajaj Finance and Tech Mahindra being major laggards. Other heavyweights like Asian Paints, Maruti, Titan and JSW Steel also saw heavy selling. In contrast, Kotak Mahindra Bank, Bajaj Finserve, HDFC Bank, ITC and SBI bucked the trend and ended the session with a gain of up to 2.09 per cent.
With seven models to choose from, it can get quite confusing.
With the government not continuing with lower excise duty beyond December 31, major car makers, including Maruti Suzuki, Hyundai, GM India and Honda have raised vehicle prices by up to Rs 127,000.
Among the Sensex firms, Bajaj Finance jumped 4.44 per cent and NTPC rose over 3 per cent. IndusInd Bank, Axis Bank, Tata Motors, Nestle, Power Grid, Infosys, Bajaj Finserv and HDFC Bank were the other major winners. HCL Tech, Mahindra & Mahindra, Maruti and Hindustan Unilever were among the laggards.
Maruti Udyog Ltd, India's largest carmaker, unveiled on Thursday a new-look Zen, without tinkering with the price, to take on competition posed by Hyundai's Santro and Tata Motors' Indica.
The car will come with a petrol and a diesel engine option.
Among the Sensex constituents, 20 stocks ended the session in green with HDFC Bank, Titan, Tech Mahindra, and Asian Paints being the major gainers. TCS, Maruti, Kotak Mahindra Bank and Bajaj Finserve were the other gainers. In contrast, SBI, Bharti Airtel, JSW Steel, PowerGrid, ITC and Reliance closed the trading with losses.
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.
Creating new benchmarks in safety, Maruti Udyog Limited on Monday announced it would set up 15 world class driving schools in India in the next three months.
Two in every five Celerios being sold by Maruti are now equipped with the AMT technology.
'It will take some more time because the affordability of these cars have changed drastically.'
The car will also have automatic transmission.
In what seems to be a softening of stance, Maruti Suzuki India Ltd (MSIL) has decided not to take any immediate steps to de-recognise the newly instituted Maruti Suzuki Workers' Union (MSWU) of the Manesar unit.
It will house the company's first diesel engine developed for markets like India.
Maruti Udyog Ltd, India's biggest carmaker, on Monday said domestic sales grew 10 per cent at 40,175 units in July 2004 as its compact cars notched up impressive numbers.
The country's largest car maker Maruti Suzuki on Thursday said it intends to tap a host of new export markets like the Middle East, South America and Australia.
Maruti Suzuki has given Nexa franchises to only existing dealers.
Maruti Udyog's popular 'Zen' model could well be nearing the end of the road, with the company likely to stop production of the compact car or reduce it from this month end.
Among the Sensex firms, HCL Technologies, Tata Consultancy Services, Maruti, Wipro, Larsen & Toubro, Infosys, Tata Steel, Bharti Airtel, State Bank of India, Tech Mahindra, UltraTech Cement and Mahindra & Mahindra were the major gainers.
A reading of the reports suggests that there is no standard practice for reporting political contributions and it is left to the company's discretion to report them as they find fit.
Seven auto companies lost share in the current year because of different reasons.
Maruti Suzuki will showcase 17 vehicles at the forthcoming Auto Expo in January 2010.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
Available only in diesel model and in ZDi trim level.
The Centre is keen on a probe to find out if the violence in the Maruti plant in Manesar has any Maoist link.
Maruti Suzuki India had rolled out its first car -- an M800 -- in December 1983 and attained five million domestic sales in February 2006.
The Glanza is clearly a rebadged Maruti Suzuki Baleno, however, Toyota has given it a longer warranty and a lower starting price to make it more attractive. Are there other compelling reasons to consider it over Baleno?
The country's largest car maker, Maruti Suzuki India, on Tuesday launched a new version of its small car Estilo with a fuel efficient engine at an introductory price between Rs 3.12 lakh and Rs 3.95 lakh (ex-showroom, Delhi).
Most brokerages are betting that the new government will shift to a policy focussing on boosting rural incomes and consumption since that has clearly been a pain point.
Maruti Udyog Ltd, India's largest car manufacturer, on Wednesday reported a 7.8 per cent jump in sales in November even though its flagship Maruti-800 car saw a slump.
Small cars are a boon in day-to-day city driving as manoeuvring and parking is quite easy because of their compact footprint. One fine day, a blue Maruti Ignis arrived at MotorBeam's garage and we put the car through our usual long term test. The Ignis with its funky styling elements might not impress all but the top of the line Alpha variant will surely do because of the sheer features on offer.
Dismissing opposition charge that Maruti was shifting from Haryana, Chief Minister Bhupinder Singh Hooda on Wednesday asserted that the state has and will remain the auto major's base, and the company is planning expansion in the state.
Car market leader Maruti has sold a record 1 million policies under 'Maruti Insurance', launched two years ago.
From the Sensex basket, Tech Mahindra, Tata Steel, JSW Steel, HCL Technologies, Tata Consultancy Services, Larsen & Toubro and Kotak Mahindra Bank were the biggest laggards. Mahindra & Mahindra, Power Grid, Bajaj Finance, IndusInd Bank and Maruti were the major gainers.
Maruti's decision to give the Gujarat plant to Suzuki may not be the proverbial win-win amid concerns about costly imports and pricing.
