Maruti Suzuki is set to launch a new multi-purpose vehicle (MPV) -- Invicto -- next month. It will be the company's first passenger vehicle with an ex-showroom price tag of Rs 20 lakh or more, said Shashank Srivastava, executive director (sales), on Tuesday. The upcoming MPV will compete with the likes of Toyota Innova Hycross, Kia Carnival, Hyundai Alcazar, MG Hector Plus, Tata Safari, Mahindra & Mahindra XUV700, and Mahindra & Mahindra Scorpio-N - all having three rows of seats. Invicto will be based on the Hycross by Toyota, which will manufacture Maruti's most expensive car at its Bidadi plant in Karnataka.
A car that gives you a better resale value will reduce the cost of your next purchase, points out Bindisha Sarang.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
Of these, three stocks belong to the automobile pack and two are from the pharma.
The 61 year-old leader was the Minister for Home Affairs, Law, Parliamentary Affairs and Legislature in Yediyurappa's council of ministers that was dissolved on Monday and was also the Minister in-charge of Haveri and Udupi Districts.
This major shift in the consumer choice has forced carmakers to field their version of expedient under 4-metre machines in the market.
This major shift in the consumer choice has forced carmakers to field their version of expedient under 4-metre machines in the market.
Firms to find alternative export routes or face increased trade barriers
HCL Tech and ONGC were the top gainers in the Sensex, rising up to 3.40 per cent.
'Only if the Budget springs some surprises we may see a halt in the selling.'
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
A selection of Indian corporations are cutting costs and contributing to a green economy by embracing clean fuel and India Inc sees a strong business case in adopting renewable energy to power their operations.
A selection of Indian corporations are cutting costs and contributing to a green economy by embracing clean fuel and India Inc sees a strong business case in adopting renewable energy to power their operations.
Maruti is not an online outlier, of course; other heavyweights have rolled out similar services. But as an analyst pointed out, Maruti's all-India roll-out has significant impact given that it accounts for over half of all cars sold, reports, reports Pavan Lall.
Coal India was the biggest gainer on both Sensex and Nifty
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, spurting up to 2.66 per cent.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The Unite union wants a 12.8 per cent pay rise
Tech major's shareholders will receive total dividend of Rs 15,474 crore in FY15
FIIs pump in Rs 2,075 crore in past three trading sessions.
Poor contract workers often have little or no access to safety equipment or health benefits in factories.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
It doesn't lack in practicality, affordability and drivability and even comes with interiors that are appealing
Customers, instead of visiting showroms, now do most of their decision-making in the comfort of their drawing rooms using internet
The petrol powered luxury saloon, which is being made at the company' Pune plant, comes after the successful launch of locally produced diesel-powered Jaguar XJ 3.0L earlier this year.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
Yes Bank was the biggest gainer in the Sensex pack, rallying 11.48 per cent amid reports that private equity firms have showed interest in buying a major stake in the private sector lender.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
The company sells a range of vehicles from three-wheelers to high-end sports utility vehicles.
The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines".
Defence ministry incompetence hobbles development of battle-taxis for the Indian Army.
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
The domestic benchmark indices - the S&P BSE Sensex and the National Stock Exchange Nifty50 - had lost close to 1.5 per cent in three days recently before gaining slightly. Notwithstanding weakness and volatility, the Nifty50 has managed to hold on to the 18,000 mark, while the Sensex has managed to stay above the 61,000 level. The performance of the stocks that comprise these front-line indices remains polarised.
Market leaders saw good traction for new cars, including the electric ones.
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