In June, MSI recorded domestic sales at 83,531 units, compared to 70,020 units in the year-ago period, registering a rise of 19.30 per cent.
For Mahindra & Mahindra (M&M), which has just started executing a comeback strategy for wresting back ground it lost to rivals, this could not have come at a worse time. The maker of the Bolero Neo and the Thar models on Thursday said it would have to halt production at its automotive plant for a week due to the worsening supply situation of semiconductors.
With slowing sales and to avoid inventory accumulation, Toyota Kirloskar Motor Pvt Ltd has planned to cut production of passenger cars and utility vehicles at its factory in Bidadi, 35 km from Bangalore.
The MG ZS EV, to be unveiled next month, will go head to head with Hyundai Kona, launched in July this year as the country's first fully electric SUV.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.
India's automobile market is expected to register a slower growth between 12-14 per cent in the current calendar year, as compared to 30 per cent in 2010, an industry official said on Thursday.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
Supreme Court slaps temporary ban on luxury diesel car sales in Delhi.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. The auto major had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21. It noted that during the first quarter its sales and production were adversely impacted due to the second wave of the COVID-19 pandemic.
Sanand has catapulted into the big league of automobile industry hubs.
What technologies do you fancy in your new car? Here are some popular cars in India with the most sought after technologies.
Automaker Jeep India on Wednesday launched a locally assembled version of its premium SUV Wrangler in the country with introductory prices starting at Rs 53.9 lakh (ex-showroom). The company had started the production of the model at its Ranjangaon plant near Pune in February and is now ready for retail across the country. The locally-assembled Jeep Wrangler is available in two variants - the Unlimited and Rubicon, priced at Rs 53.9 lakh and Rs 57.9 lakh, respectively. Both variants come with a BS-VI compliant 2-litre turbo petrol powertrain, which produces 268 horsepower and 400 Nm of torque and comes mated with an 8-speed automatic gearbox.
Consumers can expect a 5G launch in the country soon. Telecom companies (telcos) say if auctions take place on time - the target is July - they would be able to offer some services in a few cities by the end of this year and a full roll-out from 2023. But the question is: will 5G turn the tables for telcos financially? Will average revenue per user (ARPU) improve? Will mobile consumers upgrade to 5G quickly and pay more? Will the expanded functions that 5G enables drum up sufficient revenues? In simple terms, will telcos make more money?
Though Maruti Swift remains on top of the list, Hyundai Grand i10 is catching up Soon.
HDFC was the top loser in the Sensex pack, shedding over 1 per cent, followed by Nestle India, ICICI Bank, Kotak Bank and HDFC Bank. The NSE Nifty declined 15.35 points to 17,546.65.
Maruti Suzuki India will increase the prices of its vehicles 'substantially' from next month as it looks to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which kick in from April 2023. In a regulatory filing on Friday, the country's largest carmaker said it continues to witness increased cost pressure driven by overall inflation and recent regulatory requirements. While the automaker makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase, it added.
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported 6.14 per cent decline in consolidated net profit at Rs 1,241.1 crore for the fourth quarter ended March 31, 2021. The auto major had posted a net profit of Rs 1,322.3 crore in January-March quarter of 2019-20, MSI said in a regulatory filing. However, revenue from sale of products stood at Rs 22,959.8 crore as compared with Rs 17,187.3 crore earlier, up 33.58 per cent.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market -- City e:HEV sedan, marking its foray into the mainstream strong hybrid electric vehicle segment in the country. The company, which is present in India through a wholly-owned subsidiary, has commenced the bookings of the model and plans to introduce it in the market next month. As per the company, the model, an extension of its City model range, would feature self-charging two-motor strong hybrid system connected to a 1.5 litre petrol engine, entailing a peak power of 126 PS and fuel efficiency of 26.5 km per litre.
The country's largest carmaker Maruti Suzuki India (MSI) aims to sell 4-6 lakh CNG units in the current fiscal year depending upon supply situation of essential components, as per a senior company official. The company sold about 2.3 lakh CNG units in 2021-22. MSI currently sells nine of its 15 models with CNG powertrain and is looking to drive in more models with such technology in the coming days.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
Companies have also managed to find talent created by frequent exits.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
The recent currency volatility - rupee's depreciation against international currencies - may have given heartburns to automakers that rely on imports or pay royalty to parent companies abroad. But for Maruti Suzuki India, favourable movement of the yen - the currency that matters the most - against the Indian rupee, has given it reasons to cheer. The yen's sharp fall against the rupee and the rupee's depreciation against the US dollar, which in turn will bump up export realisations, are set to give a margin boost to the maker of Baleno and Brezza, said analysts. The softening of commodity prices and slew of new SUV launches in the coming months will also aid margins, they said.
As macroeconomic numbers continue to disappoint, reaching pre-Covid level is unlikely in FY21.
Automobile industry body SIAM on Monday lowered its vehicle sales growth forecast for FY'12 to 11-13 per cent from 12-15 per cent announced three months earlier, mainly due to higher interest rates and rising fuel prices.
The SP Concept SUV will be the first of the products to be rolled out from the company's plant in Andhra Pradesh, where it has invested USD 1 billion. The plant will have a capacity of 3 lakh units annually.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
Bajaj Auto on Monday unveiled a 150 cc bike 'V', which contains metal from India's first aircraft carrier INS Vikrant.
The company will sell both VW and non-VW branded cars under the pre-owned car business, Volkswagen Group Sales India Member of Board and Director Neeraj Garg told reporters in New Delhi.
On a standalone basis, the company reported a net loss of Rs 249.4 crore for the first quarter ended June 30. Net sales declined to Rs 3,679 crore in the first quarter as against Rs 18,738.8 crore in the year-ago period.
The dynamics are changing as the sales pick up.
Mandates have been handed out to staffing solutions companies such as Randstad India and TeamLease, officials at these firms have said, as players increasingly push into rural areas to capitalise on the uptick in the hinterlands.
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
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