Page 2 - Maruti Sukuzi

Maruti unveils festive offers for govt staff with benefits upto Rs 11,000

The company is seeking to further boost demand with its offer after the recent leave travel concession (LTC) cash voucher scheme announced by Finance Minister Nirmala Sitharaman

Maruti to launch 1 SUV every 6 months till 2023, strengthen pole position

First off the block will be a new multi-purpose vehicle (MPV) which is being co-developed with Toyota - Suzuki's alliance partner. The model will also wear a Toyota badge

Skoda drives into pre-owned car market as demand for owned vehicles soars

The used car market in India has been growing at more than 1.5 times that of new cars

Maruti Suzuki reports 26% rise in production to 166,086 units in September

The company had produced a total of 1,32,199 units in the same month last year, Maruti Suzuki India (MSI) said in a regulatory filing

Maruti remains bullish on long-term growth of auto sector despite hurdles

Srivastava said it was getting difficult to predict when the company would be able ro achieve normal volumes

At up to 50%, cars in India suffer among the highest tax rates globally

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%

Covid-19 pandemic hits value of Indian brands, says Kantar report

Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses

Despite challenging economic environment, Bharat to drive Maruti's sales

Rural buying 41% of the total during Apr-Aug

Auto stocks rally; M&M surges 5%, TVS Motor, Bajaj Auto gain 3%

The last four months of 2020 include various auspicious occasions such as Navratri, Dussehra, Diwali, etc, hence, consumer's discretionary purchases rise in such months

Suzuki Motor ups stake in Maruti to 56.37%, buys 284,322 equity shares

Prior to the transaction, Suzuki held a 56.28 per cent stake in Maruti Suzuki

Top headlines: Voda Idea re-brands itself 'Vi', SpiceJet to pay Rs 243 cr

From Delhi High Court asking SpiceJet to deposit Rs 243 cr, Vodafone Idea rebrands itself 2 years after merger to Maruti Suzuki posting 11% rise in August production, here are top news of the evening

Need PLI schemes for auto export to generate demand: Maruti Suzuki MD-CEO

A Performance Linked Incentive (PLI) scheme for export promotion is needed to generate demand, said Kenichi Ayukawa, MD & CEO, Maruti Suzuki India and SIAM President.

Sensex up 273 pts; Bharti Airtel up 7%, Voda Idea dips 13% post AGR verdict

All that happened in the markets today

Maruti Suzuki car sales recover in August; up 20% YoY to 116,704 units

Maruti's exports during the month skidded 15.3 per cent to 7,920 units over the last year

Maruti Suzuki shares rise 2% on 17% YoY jump in August sales

The company domestic sales of 115,325 units

Covid-19 crisis: Right time for radical change, says Maruti's RC Bhargava

"The first thing is that there has to be a national consensus on the need to grow manufacturing and on the need to create jobs," he said

No freebies, cash discounts to cheer car buyers this festive season

Auto majors focus on finance schemes, enhanced digital experience instead

Govt urges auto firms to cut royalties to foreign parents: Report

Maruti Suzuki and Hyundai Motor India pay millions of dollars in royalties to parent companies in Japan and South Korea for using their technology and brands.

Shift in sales towards cars priced below Rs 5 lakh: Maruti's R C Bhargava

It is nowhere near the company's average sales in a month. We are producing vehicles that constitute only 60% of our capacity in Gurgaon and Manesar, Bhargava said

Analysts cautious on road ahead for auto sector despite July sales recovery

For the auto sector as a whole, analysts now expect polarisation to get more entrenched where rural-focused plays like M&M, Escorts etc to do well