In its FIR filed recently, the CBI has named Jagdish Khattar and his company Carnation Auto India Limited for allegedly causing a loss of Rs 110 crore to Punjab National Bank. Khattar was with Maruti Udyog Limited from 1993 to 2007 when he retired as Managing Director of the company, they said.
Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset the impact of rising input costs. "The extent of price increase may vary for different models and fuel types," Hyundai Motor India Ltd (HMIL) said in a statement.
Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, increased by 18 per cent to 27,187 units as compared to 23,038 units a year ago.
Maruti Suzuki India Limited today announced that prices of its popular cars are set to rise from January 2020 in order to deal with the input cost. Maruti in a filing to BSE informed the planned price hike. So if you are planning to buy a Maruti car then you must read this information.
Maruti Suzuki India (MSI) reduced its production by 20.7 per cent in October, making it the ninth straight month when the country''s largest carmaker lowered its output.
Automobile manufacturers, including Maruti Suzuki India, Mahindra & Mahindra and Toyota Kirloskar Motor, on Friday reported improved sales in October driven by festive season demand amid a prolonged slowdown in the sector.
Maruti Suzuki, India's biggest car manufacturer has managed to give its sales numbers a boost in the Diwali festive season. Maruti, which was struggling because of the overall slowdown in the auto sector has managed to rack up some solid numbers.
Maruti WagonR: The aspect of safety is of paramount importance while buying a car. Global NCAP crash tests cars and rates them on safety. Here is the NCAP report on Maruti WagonR 2019.
The company's market valuation dropped Rs 6,644.88 crore to Rs 1,76,105.12 crore on the BSE.
The country's largest carmaker Maruti Suzuki India on Sunday reported a 32.7 per cent decline in sales at 1,06,413 units in August. The company had sold 1,58,189 units in August last year, Maruti Suzuki India (MSI) said in a statement.
As part of a capital alliance agreement, Toyota will acquire 2.4 crore shares of common stock in Suzuki (4.94 per cent stake) for 96 billion yen (over Rs 6,510 crore), while Suzuki plans to acquire shares in Toyota equivalent to 48 billion yen (around Rs 3,255 crore).
Starting August 24, 2019 owners of the suspected vehicles will be contacted by MSI dealers for inspection and replacement of the faulty parts, free of cost, MSI said in a statement.
With inventories piling up with dealers, cars makers like Maruti, Hyundai, Toyota, Volkswagen and Honda among others are offering massive discounts. Maruti Suzuki India, for the first time since the launch of Baleno, is offering discounts on its one of the most selling cars. Here's the complete list of discounts offered by car companies in August:
Maruti Suzuki India (MSI) is pitching for tax relief for hybrid and CNG cars in addition to electric vehicles in order to promote green mobility in the country.
The Auto Industry as a whole is witnessing a 19-year low amid dwindling demand and block closures. Auto stocks of all major including Maruti Suzuki and Hero MotoCorp were in red on BSE.
Shares of Maruti Suzuki India fell by over 5 per cent on Monday after the company cut vehicle production for the fifth consecutive month in June.
The auto major said it slashed total vehicle production, including Super Carry LCV, by 15.6 percent last month to 1,11,917 units as compared to 1,32,616 units in the year-ago month.
The new price will be effective from June 20
The auto major, which has pulled out of marquee events like Raid de Himalaya, Desert Storm, Dakshin Dare, and Autocross Championship, is now in the process of giving a final shape to its next level of engagement with consumers with plans to start programs like track events and intercity expeditions.
Mid-sized sedan Ciaz sold 3,592 units as compared to 4,024 units in the same month a year ago. Sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, were down 25.3 per cent to 19,152 as compared to 25,629 units in the year-ago month.
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