The trial lasted four years
MSI's premium hatchback Swift came in at fourth position with 14,545 units in January.
The country's largest carmaker Maruti Suzuki India (MSI) is investing another Rs 1,900 crore till March 2019 on enhancing the R&D centre here for cutting time of new product development and to expand infrastructure for evaluating vehicles' safety. The company has already invested around Rs 1,900 crore on the first phase of development at the R&D centre that houses various facilities, including vehicle testing and evaluation labs. "In the second phase we will have facilities dedicated for transmissions, engines, emissions controls among others. These will come up at the centre over the next few years," MSI Executive Director R&D, C V Raman told reporters here. The company had completed the first phase of development at Rohtak centre in November 2015. The centre, which is spread over 600 acres, is already playing a significant role in Maruti's endeavour to be compliant with new safety regulations that will come in by October this year. The company's .
The company offers smart hybrid options for Ciaz and Ertiga
Domestic sales stood at 1,33,934 units, up 25.9 per cent from 1,06,383 in January last year
Unit volume sales during the period stood at 3,87,251 units, up 3.5%, over same period a year ago
The Hansalpur-based facility in Gujarat is the Suzuki Motor Corp's first wholly-owned unit in India
Baleno is the first product from the MSI portfolio to be exported to Japan
The stock hit a new high of Rs 5,720, up 4% on NSE after the company reported a strong 31% YoY growth in its passenger vehicle sales in September at 149,143 units.
Country's largest carmaker set to ease supply constraints, says chairman R C Bhargava at the 35th AGM
Sales of mini segment cars, including, Alto and WagonR, however, declined by 5.8 per cent
Interview with Managing Director, Maruti Suzuki
With wait period for the Baleno and Vitara Brezza running into 6-8 months and 8-9 months, respectively, Maruti is working to ramp up production for these models
In past one-week, the stock outperformed the market by gaining 10% as compared to 0.36% rise in Sensex.
Company said that its Japanese parent Suzuki Motor Corp is expected to start pilot production at the Gujarat plant
The stock moved higher by nearly 4% to Rs 3,862, recovering 5% from intra-day low on the National Stock Exchange.
The stock was up 3.3% at Rs 3,828 on the BSE as compared to 0.04% decline in the S&P BSE Sensex at 01:35 pm.
The company has also exported over 3,80,000 Alto cars to over 70 countries
In February, the stock had underperformed the market, fallen 21% as compared to 7.5% decline in Nifty 50 index.
Thus far in 2016, the stock tanked 30% as compared to 12% decline in the S&P BSE Sensex.