Maruti Suzuki partners Bank of Baroda for vehicle finance
Business | June 21, 2019 15:42 ISTMaruti Suzuki India on Friday said it has joined hands with Bank of Baroda to support dealer inventory financing and customer auto loans.
Maruti Suzuki India on Friday said it has joined hands with Bank of Baroda to support dealer inventory financing and customer auto loans.
The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it has launched hatchback WagonR with BS-VI compliant 1.2-litre petrol engine.
As per sources, the company said that it had washed nearly 6.9 million vehicles using dry car wash system at Maruti Suzuki workshops in 2018-19.
Net sales last fiscal stood at Rs 83,026.5 crore, a rise of 6.3 per cent from 2017-18.
The country's largest carmaker company said the sale of the model crossed 46,000 units in 2018-19 leading to a market share close to 30 per cent in the mid-sized sedan segment which also features popular models like Honda City and Hyundai Verna.
According to the latest data by Society of Indian Automobile Manufacturers (SIAM), Alto had sold 19,941 units in February last year.
WagonR S-CNG, customers will be able to enjoy the benefit of 26 percent better fuel economy than the outgoing WagonR CNG
The iconic Maruti Suzuki Gypsy has officially been discontinued after 33 years in production.
The company said its net profit for the third quarter of the current financial year stood at Rs 1,489.3 crore.
The new WagonR comes with a new 1.2 litre petrol engine option along with another choice of 1 litre powertrain. It also comes with an automatic gear shift variant.
Use of high tensile steel has improved the overall safety, rigidity and NVH (noise, vibration, and harshness) performance in the new offering, the company said.
India's largest carmaker, however, did not specify which car models will become costlier post this price hike.
The company sold 1,30,066 units in December last year, Maruti Suzuki India said.
"Starting December 26, 2018, owners of the suspected vehicles will be contacted by Maruti Suzuki dealers for inspection and replacement of the faulty part free of cost."
During the period, the company sold 1,82,139 units of Dzire as compared with 1,53,303 units in the year-ago period.
The Indian auto industry will fully migrate to manufacturing only BS-VI compliant vehicles on a pan India basis from April 1, 2020.
At present, Maruti Suzuki sells a range of vehicles starting from entry-level Alto800 to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh.
The company's sales of light commercial vehicles in the country however, rose 112.2 per cent to 2,128 units.
The model, which was launched in October 2015, posted a 20.4 per cent growth in sales in the April-October period this fiscal.
The model raced past five lakh sales mark in September 2010, 10 lakh sales mark in September 2013, 15 lakh mark in March 2016 and 20 lakh milestone in November this year.
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