Can't raise prices despite higher production cost, says firm
The company is cautious on passing on raw material cost hikes to protect volumes
A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade
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In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.
During the quarter, Maruti sold a total of 4.95 lakh vehicles, up 13.4 per cent on YoY basis
Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi
According to the monthly sales data, Maruti sold 4.95 lakh units in the December quarter of FY21, up 13.4 per cent from 4.37 lakh units sold in the year-ago quarter
Maruti Suzuki India on Saturday said its hatchback Swift has emerged as the best selling car model in India in 2020 with 1,60,700 units. In 2020, the model has also crossed the cumulative sales milestone of 23 lakh units since its launch in 2005. It crossed the 5 lakh milestone in 2010, 10 lakh in 2013 and 15 lakh in 2016, the company said in a statement. Commenting on the milestone, Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava claimed that "Swift has been the best-selling premium hatchback in the country for the past 15 years with over 2.3 million delighted customers." He further said, "Despite the adverse impact of COVID-19, brand Swift sold over 1,60,700 units in CY 2020, emerging as the top brand in the pecking order." The company said more than 53 per cent of Swift customers are below the age of 35 years, thus establishing the model as "the 'coming of the age' car with its tech-savvy features, value-for-money offerings and sporty design".
The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results
On Monday, Maruti Suzuki increased the price for select models by up to Rs 34,000 to offset adverse impact of rising input costs
The promoter of Adani Green Energy, Adani Trading Services LLP, on Monday offloaded shares worth nearly Rs 3,309 crore in the firm
The company is increasing the price for select models owing to an increase in various input costs
The firm will raise prices for some car models due to a rise in some input costs
Having cornered 50 per cent share of India's car market, MSIL is one of the biggest employers in the country.
The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 20.2 per cent increase in sales to 160,226 units in December
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
The new Maruti Suzuki Jimny is the 4th generation model of the popular Maruti Suzuki Gypsy
Automobile major Maruti Suzuki's commercial vehicle Super Carry has reached a cumulative sales of more than 70,000 units in the last four years.
With 15 models and a market share of close to 50 per cent, it rules the Indian market, selling almost 1.5 million units every year - rolling out one model every ten seconds