New Delhi: Auto sales in India moderated in May with the country's largest car makers Maruti Suzuki, General Motors, Ford and TVS Motor posting declines in their numbers due to post-Budget price hikes, high interest rates and rising fuel prices. Hyundai Motor, Tata Motors and Mahindra & Mahindra, however, witnessed sales going up. During the month, the country's largest two-wheeler maker Hero MotoCorp registered its highest ever monthly sales. Maruti...
09:38 PM, Jun 01, 2012
New Delhi: The country's largest carmaker Maruti Suzuki on Friday reported 4.99 per cent fall in total sales at 98,884 units for May. The company had sold 1,04,073 units in the same month last year, Maruti Suzuki India said in a statement. In May, MSI recorded domestic sales at 89,478 units, compared to 93,519 units in the year-ago period, registering a fall of 4.32 per cent. Similarly, MSI's exports went...
12:21 PM, Jun 01, 2012
New Delhi: A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers Maruti Suzuki, Tata Motors and Hyundai Motor on Thursday announced discounts of up to Rs 50,000 on petrol models for a limited period. While the country's largest car maker Maruti Suzuki India has offered a Rs 30,000 discount on its best selling small car Alto in order to stop...
07:59 PM, May 24, 2012
Maruti's first foray into the MPV segment, the Ertiga has been launched in India at a price of Rs 5.89 lakh for the base petrol variant, ex-Delhi. The Ertiga is being offered in six variants " three with a petrol engine and three with a diesel and will square off against the Innova and Xylo. It will be available in seven colours.The Ertiga uses familiar parts and bits from the...
05:08 PM, Apr 25, 2012
New Delhi: Car makers are hoping that bank will reduce interest rates on car loans following the RBI's cut on lending rates as the industry looks forward to overcome slow growth witnessed last fiscal. Describing RBI's cut in short term lending rate by 0.50 per cent to 8 per cent as "good direction", Maruti Suzuki India Managing Executive Officer Marketing and Sales Mayank Pareek said: "It will spur growth. I...
03:50 PM, Apr 17, 2012
Indore: Car major Maruti Suzuki on Saturday said it plans to invest Rs 2,000 crore in diesel engine manufacturing facility at its Gurgaon plant to meet the demand for Swift and Desire models. The company would manufacture 1.5 lakh diesel engines for Swift and Desire in the current year to meet the growing demand, Shashank Srivastava, chief general manager (marketing), said at a press conference after launching the new model...
07:01 PM, Apr 14, 2012
Out of the 15 million cars sold in India, Maruti Suzuki sells 10 million of them. That's the level of market share this manufacturer has in the Indian market. But in the MUV segment, Maruti dosen't have a strong vehicle. And this segment accounts for 14 per cent of the industry. More and more customers are looking to upgrade from a premium hatchback and this is the space which Maruti...
11:55 AM, Apr 13, 2012
New Delhi: Maruti Suzuki has finally launched the Ertiga MPV at a price of Rs 5.89 lakh for the base petrol variant, ex-Delhi. The Ertiga is being offered in six variants " three with a petrol engine and three with a diesel and will square off against the Innova and Xylo. It will be available in seven colours. The Ertiga uses familiar parts and bits from the Maruti kitty. Its...
02:08 PM, Apr 12, 2012
New Delhi: Car sales in India rose just 2.2 percent in the fiscal year that ended in March, a year to forget for automakers marked by demand-smothering high interest rates and rising fuel costs, but are seen posting double-digit growth this year. Sales rose an annual 19.7 percent in March, a fifth straight monthly increase, but still lower than the 30 percent growth seen in the 2010/11 fiscal year, before...
05:51 PM, Apr 10, 2012
In this episode of Overdrive, we bring to you an exclusive interview with Narain Karthikeyan and all the motoring news of the world. ...
05:32 PM, Apr 07, 2012
New Delhi: The country's largest carmaker Maruti Suzuki India on Monday reported highest ever monthly sales in March at 1,25,952 units, 3.28 per cent jump from 1,21,952 units in the same month last year. For the entire 2011-12 financial year however, the company's sales declined by 10.80 per cent to 11,33,695 units from 12,71,005 units in 2010-11, Maruti Suzuki India (MSI) said in a statement. In March 2012, the Delhi-based...
11:34 AM, Apr 02, 2012
New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) has increased the prices of its vehicles by up to Rs 17,000 following the hike in excise duty in the Budget. The increase in prices will affect the company's models ranging from small car M800 to mid-sized sedan SX4. "There has been an average increase in prices of our vehicles by 1.75 per cent after the Budget," MSI Managing Executive...
01:36 PM, Mar 25, 2012
Out of the 15 million cars sold in India, Maruti Suzuki sells 10 million of them. That's the level of market share this manufacturer has in the Indian market. But in the MUV segment, Maruti dosen't have a strong vehicle. And this segment accounts for 14 per cent of the industry. More and more customers are looking to upgrade from a premium hatchback and this is the space which Maruti...
05:43 PM, Mar 23, 2012
New Delhi: Reflecting the effect of Union Budget 2012, Maruti Suzuki India is set to hike prices of the cars with immediate affect. Union Finance Minister Pranab Mukherjee on Friday presented the Budget in Lok Sabha on Friday. Customs duty on completely built large cars SUVs and MUVs of value exceeding $ 40,000 (Rs 20 lakhs) was raised. Cars will now attract ad valorem rate of 27 per cent. With...
01:50 PM, Mar 16, 2012
With the Budget 2012 around the corner, we reiterate that the proposed tax on diesel vehicles as per the Kirit Parikh Committee Report can have a significant impact on the domestic passenger car industry, possibly warranting total change in growth estimates. Maruti Suzuki has a high exposure to diesel cars (currently about 25% of domestic portfolio, and estimated at 29%+ for FY13), and the diesel tax can substantially impact our...
03:24 PM, Mar 15, 2012
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