Ayukawa went on to say that the company has been 'sensitive' to shareholders' expectations
This is the first of its kind initiative by any carmaker, which is aimed at reaching the car owner in a shorter time
Maruti Suzuki has shaken away the age-old perception of being a small carmaker in the past four years with the launch of successful premium products
Selling high-priced and small volume products did not fit into the company's strategy, said MSI Chairman R C Bhargava
Another popular model Baleno from the stable of MSI came fourth in the list with 17,960 units last month. The premium hatchback was ranked second in the year-ago month with 19,153 units
Other companies such as Mahindra & Mahindra, Tata Motors and Honda Cars India have also announced price hikes from this month
Maruti Suzuki India's domestic sales were up marginally at 1,54,150 units last month as against 1,54,001 units in July last year
Company, however, is confident about growth going ahead given the uptick in rural segment
Pollution from cars is still a very small part of the total pollution but this position would change as car ownership grows over the next two decades, says R C Bhargava
New safety regulations for existing models will kick in from October 2019
The upcoming Ciaz 2018 model is expected to be a major update, according to a teaser seen in Maruti Nexa's promotional video on Twitter
Maruti Suzuki India Ltd (MSIL) today said it has crossed cumulative production of 20 million vehicles in India from is Gurugram and Manesar facilities since inception. The feat has been achieved in 34 years and 6 months since start of production in December 1983, the company said in a statement. MSIL is the first car-maker in the country to cross the milestone. "The 20 million production milestone is a testimony of trust in brand Maruti Suzuki," MSIL Managing Director & CEO Kenichi Ayukawa said. Out of the 20 million units, 14.37 million vehicles were manufactured in Gurugram, while 5.62 million vehicles were from the Manesar facility, the company added. The company had achieved the one million production in March 1994, nearly after a decade after start of manufacturing cars. In April 2005, it reached the five million milestone, while the ten million mark was hit in March 2011. "In the next seven years, the company achieved 20 million production milestone," MSIL said. Currently
The challenge for Maruti right now is to make sure that the car meets all the regulatory norms when it hits the market in 2020, and the cost
According to the latest data by Society of Indian Automobile Manufacturers (SIAM), total domestic passenger vehicle sales in the first quarter of this fiscal grew 19.91 per cent to 8,73,501 units
Sales of vans -- Omni and Eeco -- grew by 32.3 per cent to 12,185 units last month as against 9,208 units in the year-ago period
In the absence of new models that have service and reach matching with Maruti and Hyundai, first-time buyers opted for used cars, fuelling sales of second-hand car market
This effort is to bring global quality standards and complement the Make in India initiative
There are about a dozen manufacturers operating in the Indian market, but only two have a double-digit share and most others have sub-5% share
Long waiting periods for more profitable new models and operating leverage will help the company offset higher raw material costs
Dealers have stocked vehicles in the run-up to a price hike, which is expected by leading players sometime this month