The long awaited product is likely to be launched early next year.
Looking to cash in on the cricket fever after India's World Cup win, corporates are lapping up advertising spots in the forthcoming IPL, with the likes of Tata Motors earmarking a Rs 30 crore (Rs 300 million) spend for the tournament.
Maruti Suzuki, Hyundai, Honda Cars and Tata Motors posted single digit growth during the period under review while M&M reported decline in sales.
The workers also said they are willing to end the stir provided all 11 of their sacked colleagues are reinstated.
Around 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 5,400 units, so far.
The Manesar plant rolls out about 1,200 units every day in two shifts.
About 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 3,000 units till Tuesday and the value of the loss is estimated to be about Rs 150 crore (Rs 1.5 billion).
The country's largest car maker Maruti Suzuki India on Tuesday said its sales may be hit if strike at its Manesar plant prolongs, while it has already incurred production loss of about 3,000 units till the 4th day of stir by workers.
A series of strikes at the country's largest carmaker Maruti Suzuki India's Manesar plant since June this year has resulted in excise revenue losses to the tune of nearly Rs 350 crore (Rs 3.50 billion) for the government, while the company has already suffered a hit of up to Rs 1,540 crore (Rs 15.40 billion).
The proxy advisory firm's latest comments come within days of Maruti saying that it expects to save about Rs 10,500 crore (Rs 105 billion) in the first 15 years by not investing in the Gujarat facility.
With induction of these people, the company's workforce will expand by about 27 per cent to nearly 11,000 employees.
The amount would depend on the time period that would elapse from the start to when capacity reaches 1.5 million cars
The company said the price rise is effective from April 4 across the country.
August 2010 proved to be a good month for most auto manufacturers.
Several industry leaders on Monday supported United Progressive Alliance chairperson Sonia Gandhi's proposal of giving annuity to farmers in addition to compensation for land acquired for industrial purposes.
The industry needs stimuli to help revive consumer demand and conversions.
Tata Motors on Friday said it will hike the prices of its passenger vehicles, excluding the Nano, by up to Rs 36,000 from April 1, to offset rising input costs.
Maruti Suzuki India Ltd is not contemplating any price raise, despite a 20-30 per cent surge in raw material prices in recent months.
With diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms, major automakers in India are contemplating about the future of such vehicles in their portfolios.
These cars are priced between Rs 12 lakhs (Rs 1.2 million) and Rs 20 lakhs (Rs 2 million).
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
Maruti Suzuki India on Wednesday said it will reorient the production of 'Swift' and 'DZiRE' in its two facilities at Gurgaon and Manesar to enhance output. As per the plan, the company will shift the entire assembly of its sedan 'DZiRE' to the Gurgaon plant by around July next year.
The country's largest car maker Maruti Suzuki India's 'completely made in India car' will hit the roads by 2012 and the company is likely to finalise the design within the next six months.
The company said its cost reduction and localisation initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during the quarter.
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Country's largest car-maker Maruti Suzuki India continues its dominance on the Indian roads, with its four models, led by entry-level small car Alto.
Auto major Maruti Suzuki tops the chart for buyers' satisfaction with newly launched cars, while Tata Motors found its berth at the bottom, says a study by JD Power.
Japanese carmaker Suzuki Motor Corp is recalling the automatic transmission version of its compact car 'Alto' in Europe, which is sold under the brand A-Star in India.
Japanese carmaker Suzuki Motor Corp is recalling the automatic transmission version of its compact car 'Alto' in Europe, which is sold under the brand A-Star in India.
Nissan, Japan's fourth-largest car manufacturer, sells MSIL's A-Star as Pixo, an entry-level car, in Europe.
"Currently work is going on for developing a diesel engine for mid-sized sedans. Our engineers are developing it internally and we are hopeful of getting it ready by mid (of) next year," said MSI Managing Director and CEO Shinzo Nakanishi.
Volkswagen last year acquired 20 per cent stake in Maruti Suzuki India's parent Suzuki Motor Corp for about $2.5 billion (over Rs 11,500 crore).
The S-Cross is priced between Rs 803,000 and Rs 12.03 lakh and is sold through its premium retail outlet Nexa showrooms only
Maruti Suzuki India (MSI) on Wednesday launched an updated variant of its entry level hatchback Alto 800 priced between Rs 2.55 lakh and Rs 3.76 lakh (ex-showroom Delhi).
India's largest carmaker Maruti Suzuki plans to ride on the back of new launches in the future to retain its numero uno position in the market place and beat back competition from its peers.
Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
Automobile companies are all smiles prior to Diwali, the festival of lights with almost all of them registering a healthy growth in sales.
The previous highest sales figure stood at 1,08,006 units in September 2010. It was also for the fifth time in this fiscal that the company's monthly sales crossed the one lakh mark.
Car market leader Maruti Suzuki India on Monday reported 24.1 per cent increase in net profit for the quarter ended December 31, 2007, at Rs 467 crore (Rs 4.67 billion).
HMIL sells a range of vehicles starting from entry-level small car Eon to premium SUV Santa Fe, which are priced between Rs 325,000 and Rs 31.75 lakh
A recent Outlook Money report stated that in the first two quarters of the current fiscal year, Indian companies successfully cut down costs. As a result, they managed to grow net profits. This positive change got reflected directly in the automobile sector with most of the auto majors registering positive sales figures in February.
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