The A3 segment (Swift Dzire and SX4 sedans) sales grew by 36.5 per cent to 8,995 units in January 2010.
The unit has a manufacturing capacity of 700,000 cars in two shifts. This means the Japanese major is cutting production by 35,000 cars as higher loan rates and a slowing economy sapped demand for automobiles. Sales at Maruti, 54 per cent owned by Suzuki, fell 7 per cent in October. India is the biggest global market for Suzuki, Japan's second-largest minicar maker.
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Forget about the Tata Nano for Rs 100,000. Or buying a sleek Yamaha R15 for over Rs 97,000. An array of car models is now available at prices under Rs 100,000, thanks to an expected 20 to 25 per cent fall in used-car prices on certain models, in response to the government's decision to reduce Central value added tax (Cenvat) four percentage points for new cars.
Helped by softer interest rates on vehicle loans as well as their better availability, the country's top car makers posted healthy sales growth in July.
Michael Boneham, president, Ford India, said the small car would be engineered for Indian conditions and that the company was keeping options open for both petrol and diesel variants. Ford's mall car will mark its entry into the mainstream segment, popularly known as the B segment cars in India, which accounts for a little over 70 per cent of the 1.3 million India car market.
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The much-awaited excise duty cut on small cars to 12 per cent (from 16 per cent) made by the finance minister may have brought smiles on the faces of car manufacturers but this, dealers say, will increase the waiting period on some popular models by another additional month.
Maruti Udyog on Wednesday reported a 7.1 per cent increase in domestic sales in January at 48,526 units.
Auto maker Maruti Suzuki plans to position its upcoming car 'Ritz' at the upper end of the compact car segment that will be powered with a 1197 cc engine.
Pai, a highflier in the software giant (he is still just under 50), has a zen for cities. As human resources head of Infosys he is constantly scouting around in India for newer destinations where the company can set up shop to beat rising costs. And he is all the time benchmarking these against the worlds great cities to develop an agenda for change and betterment.
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After decades of selling to the middle class, a clutch of companies is now going after richer customers as well.
Maruti Suzuki India growing by a paltry two per cent in January, recorded the lowest growth in this financial year, which could be due to the launch of Tata's Nano.
The country's biggest car maker Maruti Suzuki India on Monday reported 27.4 per cent decline in car sales during November at 47,103 units compared to 64,885 units in the same month last year.
The company said its domestic sales increased by 0.7 per cent at 56,411 units as against 56,000 units in June last year. It said the A2 segment, comprising Alto, Zen Estillo, Wagon R and Swift registered a marginal growth of 0.3 per cent at 37,767 units, against 37,646 units in the same month last year.
India's One-Day-International captain Mahendra Singh Dhoni celebrates his 35th birthday, on Thursday, July 7.
The company said its domestic sales increased by 14.6 per cent during the month at 64,143 units, against 55,952 units in May last year. Hyundai Motor India Ltd reported on Monday a 47.27 per cent jump in domestic passenger car sales at 24,510 units during May, against 16,643 units in the corresponding month of 2007.
Leading car maker Maruti Suzuki India Ltd on Thursday reported a 22.37 per cent increase in domestic sales in April at 59,539 units as compared to 48,652 units in the same month last year.
We've identified six such leaders of their respective segments and find out what makes them tick.
Being a high-value asset, a car needs a comprehensive cover to protect you financially from mishaps. With premiums to be de-tariffed soon, auto insurance is set to change.
Maruti Udyog today posted 17 per cent increase in domestic car sales for the month of April, selling 48,652 vehicles compared to 41,574 vehicles sold in the same period last year.
General Motors, the world's biggest carmaker, on Tuesday rolled out its small car Chevrolet Spark in India as it takes on market leader Maruti Suzuki in one of the world's fastest growing automobile markets.
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The apex court issued notices to the Centre, the Delhi government and the police on pleas seeking removal of protesters from Shaheen Bagh.
Spark will be targeted to cut a major slice of the growing small segment pie.
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The prices of the three petrol variants of the WagonR range between Rs 3.23 lakh (323,000) and Rs 3.72 lakh (372,000).
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The carmaker has sought 1,292 acres at Industrial Model Township, Sohna, 25km from Gurugram.
Maruti Udyog on Thursday hiked prices of all its models by up to Rs 1,017 on account of the increased cess announced in Budget 2007.
India's largest car maker Maruti Suzuki on Saturday raised car prices of most of its models
Any and every message on any chat interface does not require your response. Think whether it has any value and discard the rest to feel in control about what you read and respond to.
The big-ticket year-ending discounts and the anticipated jump in prices in January pushed car sales in December
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