Maruti Suzuki India is facing stiff resistance from private sector mutual funds and insurance companies, which own almost 7 per cent of the company, for its decision to allow Suzuki to make cars for the Indian car-maker at a proposed plant in Gujarat instead of manufacturing vehicles itself.
The country's largest carmaker Maruti Suzuki India (MSI) is planning to invest around Rs 18,000 crore on a new manufacturing facility in Haryana, as per a top company official. The new plant would replace the company's Gurugram-based facility and is expected to have an installed production capacity of 7.5-10 lakh units per annum. While confirming the Rs 18,000 crore investment plan, MSI chairman RC Bhargava told PTI that the company had always planned to shift the Gurugram facility to a nearby location.
The Baleno is among the top selling cars with unserviced bookings of 55,000 units.
The carmaker has sought 1,292 acres at Industrial Model Township, Sohna, 25km from Gurugram.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
Majority gram sabhas pass resolution to oppose SIR status to the area where Maruti's proposed unit is to come up.
The company took five years to sell the 250,000 units of the Nano.
Sabarmati railway station is the venue for the ground-breaking ceremony, be chaired by Modi and Abe, of the Rs 98,000-crore Ahmedabad-Mumbai high-speed rail project.
China's biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai.
The company had sold 50 units of SX4 sedan in August 2014.
Code-named Pelican, bigger hatchback with new petrol and diesel engines may hit the road next year.
Seven auto companies lost share in the current year because of different reasons.
Besides, Toyota and MG Motor also reported nil sales as they suspended operations even before the imposition of lockdown on March 25 to check the spread of coronavirus. In two-wheeler segment, niche bike maker Royal Enfield said it had zero sales in the domestic market but exported a total of 91 units last month.
Maruti is trying to move up the segment by focusing on premium cars, SUVs and even trucks.
Today, Suzuki depends on Maruti for its place in the world
Companies are drawn to the parks by the infrastructure and ready-to-occupy land.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
Domestic and foreign companies pour in a slew of investments in Gujarat.
Gujarat CM had denied an audience with AAP chief.
Amid a slowdown in car sales, Maruti Suzuki India on Saturday said it will foray into the light commercial vehicles segment, 30 years after an initial plan was shelved when the company started operations.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
Ford Motor Co plans to triple exports from India.
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
It manufactures cars ranging from entry-level hatchbacks to sedans to sport utility vehicles to vans to pick-up trucks. It also has a range of electric and hybrid vehicles
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
Ford is among several multinational automobile companies in India for whom exports now bring bigger volumes than local sales.
Maxxis Group of Taiwan, Singapore-based TongGarden decide to set up their facilities in Sanand.
Maruti is now at a market share of 50.4%, up from 47.3% last year. In China, the world's biggest market, Volkswagen is the largest, with a share of 17%. In America, the second biggest, GM is leader with 18%. One exception is South Korea, where Hyundai has a market share in excess of 60%.
Market watchers believe Tata Motors' move to upgrade the Nano is a right decision.
Sanand has catapulted into the big league of automobile industry hubs.
The 125-km stretch covering Sanand, Hansalpur and Vithalapur, with connected nodes at Kadi and Halol, is set to emerge as the next major automobile hub in India.
Gujarat, Telangana to roll out policies to encourage manufacturing
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The industry players couldn't hide their disappointment.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
In first 9 months of FY18, scooter sales grew by 18.5%, the number may jump further as more women join workforce
The Nifty finished the day at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25.
This will compete with Ford Ecosport petrol
The company is currently selling an average 2,000 units each month.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
