General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
General Motors India on Tuesday increased vehicle prices by up to Rs 61,000 in order to partially offset the impact of rising input costs and expiry of reduced excise duty concessions.
MSI expects the royalty paid to parent Suzuki Motor Corp to come down starting with its upcoming compact SUV as its engineers enhance their role in the joint development of future products.
Many Indian ports were paralysed on Wednesday and food prices nationwide started soaring as a truckers strike dragged into its third day.
Maruti Udyog Ltd on Monday denied reports that it was planning to replace its mid-size car Esteem with a new model next year.
Fuji Heavy Industries, the maker of Subaru cars, said on Tuesday it would pull out of the world rally championship citing the global economic crisis. Subaru joins fellow Japanese automaker Suzuki Motor, which announced its exit a day earlier, and leaves no other Japanese automaker left in the race.
Maruti will launch its first electric vehicle (EV) in the next financial year (FY24), and will roll out six EVs in the country by FY30, the automaker's parent firm Suzuki said on Thursday.
A record number of 85 products will be launched.
More than two decades after manufacturing its first vehicle in India, Maruti Udyog Ltd on Wednesday rolled out the five-millionth car from its assembly line in Gurgaon, a red 'WagonR'.
India's biggest carmaker Maruti has said it could soon ink an agreement with one of the global engine makers it is in talks with, including France-based Peugeot, to produce diesel engines in the country.
Maruti Udyog Ltd on Wednesday launched its new model 'Swift' in India, pricing the base model at Rs 3.87 lakh (ex-showroom Delhi).
Maruti Udyog is set to roll out the five-millionth car from its facility in Gurgaon, Haryana this month-end.\n
In the next 2-3 years the company will pump in Rs 4,000 cr in product development, R&D and marketing infrastructure.
The government is likely to mop up between Rs 950 crore and Rs 1,000 crore (Rs 9.5 billion and Rs 10 billion) from the public offer of shares in car-maker Maruti Udyog Ltd at Rs 122-125 a share.
Maruti Udyog Ltd's much-awaited offer for sale of 7.2 crore (72 million) shares for divestment of 25 per cent government equity in the car major, opened on Thursday amid highly-publicised roadshows being conducted across multiple locations.
India's biggest car maker Marutyi Udyog Ltd, a unit of Japan's Suzuki Motor Corp, said on Wednesday it may have to temporarily close its plant due a nationwide strike by truckers now in its third day.
Sluggish export numbers and continued decline in demand for 'M800' model saw the country's biggest carmaker Maruti Udyog report a four per cent drop in sales in May at 42,286 units against 44,212 units in the same month last year.
Even as sales of M800 model fell 30 per cent and exports declined, car market leader Maruti Udyog Ltd on Monday reported a 13.6 per cent rise in sales in the just-concluded fiscal at 5,36,301 units against 4,72,122 units in 2003-04.
India's largest car maker Maruti Udyog Ltd has reported a net profit of Rs 124 crore (Rs 1.24 billion) in the second quarter of this fiscal on the back of 18 per cent sales growth.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
The Baleno is among the top selling cars with unserviced bookings of 55,000 units.
Maruti Suzuki is keen that the Gujrat government revises payment condition in the agreement it signed with the former for setting up a plant in Hansalpur.
Among the main gainers were Jio Financial Services which jumped 4.99 per cent, Tata Steel (2.09 per cent), Maruti Suzuki (1.87 per cent), M&M (1.31 per cent) and Infosys (1.19 per cent).
Union Minister Nitin Gadkari on Tuesday launched the country's first crash testing programme Bharat NCAP aimed at improving road safety standards of motor vehicles up to 3.5 tonnes. Bharat New Car Assessment Programme (Bharat NCAP) is India's own crash testing programme and is cheaper than tests conducted abroad, Gadkari said, adding that the star ratings will help buyers understand the quality of the product and make an informed purchase decision. Bharat NCAP will be implemented from October 1, 2023.
Modi is courting Japanese investment in an ambitious industrial "corridor" to run between Delhi and Mumbai.
The total dividend income for seven firms grows 25%.
Car exports from India have reached the levels of around six lakh units annually.
Auto stocks are weighing on the indices.
Investors' wealth climbed Rs 3.20 lakh crore as markets staged a smart comeback on Wednesday after falling in the last eight trading sessions. The BSE Sensex rallied 448.96 points or 0.76 per cent to settle at 59,411.08. During the day, it jumped 513.33 points or 0.87 per cent to 59,475.45.
Even as India's passenger-vehicle sales touched a record high of 3.9 million units in 2022-23, growing 27 per cent over the previous financial year, the country's largest carmaker, Maruti Suzuki India (MSIL), said on Monday uncertainties in the electronic-component supplies might affect production in FY24. MSIL said the shortage of electronic components had some impact on production in FY23. "The company took all possible measures to minimise the impact.
The testing facility at Rohtak would have more than 30 different tracks covering a length of about 30 km to check the various operational aspects of a vehicle.
Today, Suzuki depends on Maruti for its place in the world
The recently anointed managing director and chief executive officer at Maruti Suzuki India Ltd tells Business Standard how he intends to get back to over 50 per cent share in the domestic market, apart from a larger role in the parent's global operations.
Automaker Toyota Kirloskar Motor (TKM) on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs. The company, which is a joint venture between Japan's Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market. The company will realign the prices of its models, with effect from October 1, 2021, TKM said in a statement.
From the Sensex pack, State Bank of India, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel and Tata Motors were the major gainers. Power Grid and HDFC Bank were the laggards from the pack.
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