Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
Foreign share holding limit in Maruti Suzuki India has reached trigger limit and any further investment by FIIs will be allowed only after RBI's approval.
The automaker was found to have engaged in anti-competitive practices.
After a strong opening, shares of the car-maker further zoomed 9.37 per cent to Rs 1,899.90 -- its 52-week high on the BSE.
Maruti ready to upgrade safety features.
Weak monsoon rains could have a negative impact on India's automobile sector which is seeing early signs of improvement with the sale of passenger cars and utility vehicles rising in May.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
In April, MSI had recalled 1,03,311 units of its popular models -- Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck.
Maruti Suzuki signed a State Support Agreement with the Gujarat government in June 2012 for buying land and setting up a factory
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Maruti Suzuki was allotted 700 acres by the Gujarat government for its third manufacturing unit, near Mehsana, in June last year.
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
Workers had stopped production lines to protest a delay in salary hikes after 10 months of negotiations.
What explains India's love affair with SUVs? They are not exactly "value for money" -- the watchword for brands across segments -- nor always practical. Is it for the badge value? Or the butch imagery associated with SUVs? Maybe both, says Alokananda Chakraborty.
Ford to launch new compact car Figo Aspire in India
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
The company had set an annual production target of 250,000 for its Hansalpur plant in Gujarat.
Car makers have started hiring from Gujarat's industrial training institutes (ITIs) for their factories across the country.
The amount would depend on the time period that would elapse from the start to when capacity reaches 1.5 million cars
Car exports from India have reached the levels of around six lakh units annually.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Suzuki Motor Corp's 85-year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Zica was designed by an international team resulting in a more modern look.
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.
Nissan and Renault say they will compete with new models, especially small cars, and by growing their dealer network.
Operating margins decline to 10.3% in March quarter on one-time payouts but may recover to 12% in FY2015.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Maruti Suzuki and Hyundai would make the largest gain.
Indian automobile units are employing more and more robots to improve your car's efficiency. India is catching up well as world over, the latest technologies is redefining outdated manufacturing processes.
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.
In a few years there may be 100 Japanese companies in Gujarat, while Chinese firms may commit investments of over Rs 6,000 crore.
Move could be aimed at integrating operations with Indian subsidiary.
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.
Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
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.
Domestic and foreign companies pour in a slew of investments in Gujarat.
Any saving on the car loan EMI can translate into major savings.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
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