The e-SURVIVOR symbolises Maruti Suzuki's commitment to help develop the entire life cycle of EVs in India
Sensing stiff competition from Maruti Suzuki with the all-new Alto 800 with an aggressive price tag, Hyundai and Tata Motors announced deep price cuts and launch of new special edition variants, respectively to beat the market leader.
Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August, making it the seventh straight month of reduction.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8 per cent increase in total sales at 1,60,442 units in September. The company had sold 1,22,640 units in September last year, MSI said in a statement.
Axis Bank, Tata Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, and Bajaj Finance were among the other major laggards. Tata Consultancy Services, Reliance Industries, UltraTech Cement, Infosys, HCL Technologies, and Tech Mahindra were among the gainers.
The government has decided to go slow on sale of its remaining shares in Maruti Udyog and complete the process by next fiscal as stock markets remain uncertain.
Among the Sensex firms, Maruti, NTPC, Tata Motors, ICICI Bank, HDFC Bank, Reliance Industries, JSW Steel, ITC and Mahindra & Mahindra were the major laggards. Bajaj Finance, Larsen & Toubro, Bajaj Finserv and Titan were among the gainers.
Both these are super compact SUVs that will be competing against each other at a similar price point
The first diesel car from Maruti Suzuki, Celerio diesel is pitted against Hyundai Grand i10, Ford Figo and Chevrolet Beat.
India's largest automobile manufacturer, Maruti Suzuki is planning to launch the company's entry-level sports utility vehicle, Jimny in the country by the year-end.
Sales for the same month previous year were at 84,804 units, Maruti Suzuki India said.
After the July 18 violence at the Manesar plant in which one senior executive was killed, the company had fired 546 workers.
S-Cross has seen a 22 per cent drop in dispatches in September.
Country's largest car maker draws nearly half of its sales from exchange programmes, rural focus.
The company had sold 50 units of SX4 sedan in August 2014.
In February, Maruti cut vehicle prices by between Rs 8,502 and Rs 30,984 across models after the excise duty reduction was announced.
The task of usurping three leading brands is far from easy. However, Amaze has shown it can be attempted.
Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro and JSW Steel were the major gainers during the morning deals. Nestle, Bharti Airtel, Axis Bank ITC were among the laggards.
MUL would lift the month-long lockout and resume production at the violence-hit Manesar unit from Tuesday.
Maruti Suzuki India said it would be investing Rs 1,250 crore (Rs 12.50 billion) to double capacity at its K-series petrol engine unit in Gurgaon to 500,000 by 2012.
A senior Maruti official was killed and 100 injured in violence at the plant last week.
The company had recently stopped production of petrol models, including the Alto, M800, A-Star, Estilo and Omni for three days to prevent inventories piling up further.
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 India (MSIL) does not anticipate growth in the small car segment because people continue to find these vehicles unaffordable, chairman R C Bhargava said on Wednesday. He said the market had clearly shifted towards the sport utility vehicle (SUV) segment and the company will go in the same direction. The domestic sales of utility vehicles jumped in India by 34.54 per cent to about 2 million units in FY23.
The Monopolies and Restrictive Trade Practices Commission on Thursday advised auto giants Maruti and Hyundai not to target each other in advertisements and asked Maruti to file its reply to a complaint filed by its rival carmaker.
The current headcount in Maruti stands at around 9,350, including the 200 employees it hired since the beginning of this fiscal.
With swanky showrooms and VR-enabled sales platforms Maruti Suzuki, Tata Motors, and Skoda bet on shine and gloss,and place their faith in experiential branding.
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.
Stiff competition and rising input costs have affected margins and earnings outlook.
'Commentators have said that dealing with allies as equals will make Modi more sensitive.' 'Remember that the people Modi is dealing with are equally autocratic in their own lairs.' 'Further, Modi always has handy the threat of dissolving Parliament and calling for fresh polls.' 'Most of his own party, and certainly his allies and opponents having blown their budgets of efforts and resources in the just concluded elections, have no stomach for this.' 'They are all greatly looking forward to the loaves and fishes of office on offer.' 'That gives Modi an unbeatable advantage in any push-comes-to-shove situation,' explains Shreekant Sambrani.
The government has initiated the process of selling all its holding in Maruti Udyog Limited to raise more than Rs 2500 crore (Rs 25 billion).
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
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).
Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.
Acting as a dampener ahead of the festive season, Maruti Udyog Limited today effected a 0.2-1 per cent price hike in all its models except Swift, due to an increase in input costs including freight costs.
