The Centre has advised banks to make a 20 per cent reduction in expenditure related to non-core business activities, along with deferring "avoidable expenditure" on "purchase of staff cars", "refurbishment of guest houses" and on the interior decoration of administrative and back offices.
The car will come with a petrol and a diesel engine option.
Prominent ones are Maruti's smoky Ciaz and Fiat's gorgeous Avventura.
It has hiked prices of diesel variants of Ciaz and Ertiga models with smart hybrid technology
The fifth generation Verna, Generation-V, is loaded with some great features, and can give competitors a run for their money, says Joshua David Luther
The country's largest carmaker Maruti Suzuki India on Thursday reported 14 per cent increase in total wholesales at 159,044 units in November. The company had dispatched 139,184 units to dealers in November 2021, MSI said in a statement. Last month, the company's domestic sales rose 18 per cent to 139,306 units as against 117,791 units in November 2021, it added.
Maruti Suzukisaid it was trying to offer more factory-fitted CNG cars to address environmental concerns
Open order books in February breach 700,000; wait period for some models exceed a year.
Hyundai sold 6,054 units of the new Verna in September, against 6,010 units of the Honda City and 5,603 units of the Maruti Ciaz.
'If we are to be a contributor to the economy, we have to reduce carbon and imports.' 'We will achieve both -- that's our target.'
Includes all-new versions of Swift and Swift Dzire.
The new Toyota Yaris will surely instil confidence among its users when it comes to performance and safety, says P Tharyan.
The company had sold 1,58,076 units in March last year, Maruti Suzuki India said in a statement. Domestic sales declined by 46.4 per cent at 79,080 units last month as against 1,47,613 units in March 2019, it added.
The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent.
Currently, Maruti Suzuki has 14 car brands, but it has decided to expand into some new segments.
Practice of opening bookings for cars prior to launch has been followed by several companies over many years in India.
The company cut production of its mini cars comprising Alto, and S-Presso by 98.32 per cent at 401 units as against 23,874 units in the year-ago month.
The country's largest carmaker, Maruti Suzuki India (MSI) on Friday reported a 4.5 per cent increase in total sales at 1,53,435 units in October.
It is currently working out the details of the quantum of price increase, which will vary depending on the model.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
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.
Maruti Ciaz and Ertiga are exempt from the infrastructure cess and so, there is no change in the prices of these models.
With Nexa, the value-for-money mass-market car maker hopes to attract premium buyers. Sangeeta Tanwar reports.
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8 per cent increase in total sales at 1,60,442 units in September. The company had sold 1,22,640 units in September last year, MSI said in a statement.
Maruti is expected to post double-digit growth on product launches and good demand for entry-level cars.
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
The government is working on a recall policy.
Maruti is trying to move up the segment by focusing on premium cars, SUVs and even trucks.
The country's biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs 34,700 crore).
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
Maruti Suzuki India's grip on the country's car market tightened in October with six of its models, including the newly launched mid-sized sedan Ciaz, featuring in the top 10 selling brands in the month.
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
Around 23 per cent of all units sold by the company in the domestic market currently are diesel cars.
Car makers are either tweaking their existing engines or developing new powertrains to attain maximum mileage numbers and attract more buyers.
New Hyundai Verna 2017 is powered with a choice of 1.6 L petrol engine (Dual VTVT, 121.3 bhp) and 1.6 L diesel engine (U2 CRDi VGT, 126.2 bhp).
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
Its sales grew 21% to 165,346 units
With festive season around the corner, automakers are launching their best cars.
Known for its fuel efficient vehicles, car market leader Maruti Suzuki India is pushing it further to enhance mileage of its refreshed models.
