Shares of Jay Bharat Maruti hit a fresh 52-week high of Rs 269.25, as they rallied 4% on the BSE in Tuesday's intra-day trade in an otherwise a weak market.
The company has the largest pending bookings for its best-selling MPV, Ertiga for which it has 85,000 pending orders
This is Maruti's own version of the Toyota Innova, the best-selling premium multi-purpose vehicle (MPV) in the country
The challenge is more pronounced for the CNG variants of these vehicles
Maruti launched several vehicles in this segment last year. It now has popular offerings like the Grand Vitara, Brezza, and XL6 in its product lineup catering to this market segment
New MPV, to be launched next month, will be sister model of Toyota's Hycross
Toyota and Suzuki have agreed to leverage each other's products to multiply their sales
Total vehicle dispatches across categories were at 1,808,686 units in May 23, Siam data shows
So far, as part of this collaboration, Toyota sells its Glanza which is the Baleno alternative and the Urban-cruiser which is nothing but a Toyota-branded Brezza
Maruti Suzuki India (MSI) on Friday said it has launched a new entry-level commercial hatchback Tour H1 with price starting at Rs 4.8 lakh (ex-showroom Delhi). The CNG trim of the model, which is based on the latest generation of Alto K10, is tagged at Rs 5.7 lakh. The model comes equipped with 1-litre petrol engine. "The all-new Tour H1 carries on the legacy and trust built by the Alto K10 for the commercial segment," MSI Senior Executive Officer (Marketing and Sales) Shashank Srivastava said in a regulatory filing. The model comes with next-gen K 10C engine with a host of comfort, convenience, and safety features, he added. Available in both petrol and factory-fitted S-CNG options, Tour H1 offers a fuel-efficiency rating of 24.60 kilometre per litre for the petrol-fuelled version, and 34.46 kilometre per kilogramme for the S-CNG variant, MSI said.
With Jimny, Maruti wants to achieve more than what it did with the Gypsy by making it a truly mass-market vehicle
This comes at a time when Maruti is all set to begin the sale of its own off-road SUV, Jimny, which Maruti has launched with five doors and comes with better seating space than the three-door Thar
The Jimny's popularity can be gauged from the fact that Maruti is receiving around 700 bookings of the vehicle every day
Unlike the Thar, which is also sold in two-wheel drive, Maruti Suzuki will offer the Jimny only in a four-wheel drive arrangement
Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year
Available in petrol, CNG, and electric versions, Tata's Tigor clocked sales of 46,174 units, 93% up year-on-year
Maruti hopes to rival Mahindra Thar with its simple, practical and no-nonsense off-roader which is based on a ladder-frame chassis giving it a traditional SUV character
New plant to add capacity of 1 million units
The top variants of the Fronx offer good-to-have features like cruise control, automatic climate control and wireless phone charging
25 per cent of Tata Tiago EV buyers are first-time buyers and include customers from states such as Bihar, Madhya Pradesh, Uttar Pradesh, and Andhra Pradesh