High cost of acquisition due to a variety of reasons, including higher GST than all other major countries, is slowing down car demand in the country and unless the Centre and states take steps to reduce it, the industry is unlikely to experience reasonable growth, according to Maruti Suzuki India Chairman R C Bhargava. Addressing shareholders in the company's Annual Report for 2020-21, he said after the devastating second wave of the coronavirus pandemic hitting the first quarter of FY22, the performance in the next three quarters will largely depend on how effectively people get vaccinated and observe safety protocols.
Through a combination of local manufacture and imported CBU models, the company makes and sells four SUVs, one hatchback, and one sedan.
India's top shuttlers PV Sindhu and Saina Nehwal will be seen in action for the first time since the coronavirus-forced break when they compete in three upcoming tournaments in Bangkok, including the prestigious BWF World Tour Finals.
The company will utilise this time to carry out maintenance work at its manufacturing plants.
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.
Tokyo has mostly delivered on that hope, despite some early teething problems.
The company cut production of its mini cars comprising Alto, and S-Presso by 98.32 per cent at 401 units as against 23,874 units in the year-ago month.
'If the minister does not resign, then it will be the darkest incident of Indian democracy where power prevailed over the people.'
P V Sindhu beat world No.12 Busanan 21-17, 21-13 in the women's singles opener, while Kidambi Srikanth demolished Sitthikom Thammasin 21-11, 21-11 in 37 minutes in the men's singles.
Primary steel producers in the domestic market have raised product prices by 2.5 to 3 per cent for December to address margin compression and in anticipation of a demand pick-up.
Volkswagen was the third largest automotive brand after Toyota and BMW in a 2015 listing of the world's top auto brands.
Ashish Narsale/Rediff.com offers a quick checklist of the best of CES's Auto World. The future is here, you will witness self driven cars to flying cars controlled by AI. We bring you the highlight of the CES auto world.
German car maker Volkswagen was the first company to offer airbags on all its variants in India from the beginning of this year.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Another downgrade for Tokyo Olympics that have their pomp and public spectacle overshadowed by COVID-19
Olympic silver medallist P V Sindhu is set to fly out of London on Sunday -- she will reach Bangkok via Doha.
While the rich are buying expensive luxury vehicles in Patna, the poor continue to suffer. The pandemic, discovers M I Khan, has cast new light on the stark economic divide in the capital city of Bihar, India's poorest state.
As I have got to know a wider world, I have often wondered how something as material as sweets can have such a strong, almost emotional, link with those who have grown up with it.
While sales of compact cars, including models such as Swift, Celerio, Ignis, Baleno and Dzire declined, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, increased 26.3 per cent to 19,177 units as compared to 15,178 in the year-ago month.
Satwiksairaj Rankireddy and Ashwini Ponnappa notched up an upset win over the World No 8 and second-seeded Indonesian pair of Hafiz Faizal and Gloria Emanuelle Widjaja in the opening round.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
The edge that Maruti Suzuki enjoys over Hyundai and other rivals stem primarily from its gigantic scale, reports Ajay Modi.
The country's top carmaker Maruti Suzuki India (MSI) on Wednesday said it has decided to advance maintenance shutdown at its two Haryana-based manufacturing plants by a month amid a surge in the COVID-19 cases across the country. The auto major was supposed to take the shutdown at its two plants in Gurugram and Manesar in June, but due to the tsunami of COVID-19 cases, it decided to take it one month earlier to save oxygen for medical needs. MSI noted that as part of the car manufacturing process, it uses a small amount of oxygen in its factories, while relatively much larger quantities are used by the manufacturers of components.
Maruti and Hyundai favoured among used car buyers
The car is built in a manner that stands tall and rugged on the city streets, without ever being uncomfortable, says Pavan Lall.
Market leaders saw good traction for new cars, including the electric ones.
The Indian duo ran-up a 7-2 lead early on, before entering the break at 11-7. Satwik and Chirag continued to move ahead and eventually grabbed the opening game.
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
When corruption eats into the vitals of a nation, the State structures decompose and collapse. And when the leadership loses respect of the people, the war is lost, asserts Ambassador M K Bhadrakumar, who played a stellar role in beginning India's systemic dealings in Afghanistan in 1994.
Rajesh Alva/Rediff.com reveals the good, bad and ugly of the latest MPV from the Mahindra stable.
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
A glipse of what carmakers have in store for you.
The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent.
Here are some areas where costs have grown, and where income that had been expected will not materialise.
The National Investigation Agency (NIA) on Thursday seized two more luxury cars allegedly used by suspended Mumbai police officer Sachin Waze, sources said.
Indian businesses' weak ability to compete overseas says much about the infirmities imposed by the intensity of government dominance of economic policy and the nature of this dominance, observes Kanika Datta.
Almost every global brand is introducing its vehicles into the Indian car market.
Maruti's compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire, and utility vehicles, including Gypsy, Ertiga, XL6, S-Cross and Vitara Brezza saw robust sales, while the mini segment comprising Alto, S-Presso and Old WagonR saw negative growth.
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