Maruti Udyog Ltd on Wednesday launched its new model 'Swift' in India, pricing the base model at Rs 3.87 lakh (ex-showroom Delhi).
Maruti Udyog is set to roll out the five-millionth car from its facility in Gurgaon, Haryana this month-end.\n
Maruti Udyog Ltd on Wednesday said it would invest a total of Rs 3,271.9 crore (Rs 32.71 billion) for a new car manufacturing plant
The shares of car major Maruti Udyog Ltd would be listed on the National Stock Exchange and Bombay Stock Exchange by July 9-10, its managing director Jagdish Khattar said on Monday.
India's biggest carmaker Maruti has said it could soon ink an agreement with one of the global engine makers it is in talks with, including France-based Peugeot, to produce diesel engines in the country.
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
After the easing of lockdown in mid-May, auto companies were able to resume production in a phased manner, but the ramp-up was slow due to a broken supply chain, and lockdown-induced restrictions.
Many Indian ports were paralysed on Wednesday and food prices nationwide started soaring as a truckers strike dragged into its third day.
The top brass of Maruti Udyog Ltd, India's largest carmaker, is in Japan to work out with its parent Suzuki Motor Corp the details of the action plan for the mega Rs 6,000 crore (Rs 60 billion) investment announced recently.
The proposed car plant of auto market leader Maruti will contribute Rs 20,000 crore (Rs 200 billion) to the country's GDP besides generating 1.3 million jobs once it is fully operational.
The prospectus for the forthcoming public issue of Maruti as part of government's divestment programme in the joint venture with Suzuki Motor Corp is likely to be filed before Sebi by February.
Maruti Udyog Ltd, India's largest carmaker, unveiled on Thursday a new-look Zen, without tinkering with the price, to take on competition posed by Hyundai's Santro and Tata Motors' Indica.
In the next 2-3 years the company will pump in Rs 4,000 cr in product development, R&D and marketing infrastructure.
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.
Maruti Udyog Ltd on Wednesday launched the popular sports-utility-vehicle Grand Vitara XL-7 and said its passenger vehicle sales would increase considerably this fiscal.
Suzuki Motor Corporation on Monday submitted the business plan for Maruti Udyog Ltd, to enable Government to proceed with the proposed public offer in the car joint venture in the current fiscal.
Sluggish export numbers and continued decline in demand for 'M800' model saw the country's biggest carmaker Maruti Udyog report a four per cent drop in sales in May at 42,286 units against 44,212 units in the same month last year.
Even as sales of M800 model fell 30 per cent and exports declined, car market leader Maruti Udyog Ltd on Monday reported a 13.6 per cent rise in sales in the just-concluded fiscal at 5,36,301 units against 4,72,122 units in 2003-04.
Maruti Udyog Ltd on Monday denied reports that it was planning to replace its mid-size car Esteem with a new model next year.
The government is likely to mop up between Rs 950 crore and Rs 1,000 crore (Rs 9.5 billion and Rs 10 billion) from the public offer of shares in car-maker Maruti Udyog Ltd at Rs 122-125 a share.
Maruti Udyog Ltd's much-awaited offer for sale of 7.2 crore (72 million) shares for divestment of 25 per cent government equity in the car major, opened on Thursday amid highly-publicised roadshows being conducted across multiple locations.
India's biggest car maker Marutyi Udyog Ltd, a unit of Japan's Suzuki Motor Corp, said on Wednesday it may have to temporarily close its plant due a nationwide strike by truckers now in its third day.
Suzuki Motor Corporation is believed to have promised to submit the business plan for joint venture Maruti Udyog by the month-end to enable the government to proceed with its proposed public offer.
The government is likely to hit the market with its public issue for sale of equity in carmaker Maruti Udyog Ltd by March 17.
Maruti announced 10,000 pre-bookings for Ciaz of which 60 per cent was for diesel models.
India's largest car maker Maruti Udyog Ltd has reported a net profit of Rs 124 crore (Rs 1.24 billion) in the second quarter of this fiscal on the back of 18 per cent sales growth.
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
This crisis has arisen just as demand in India's auto sector started seeing some sort of revival after the nationwide lockdown in March/April.
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