Stocks to watch today: Tata Motors reported 10 per cent YoY increase in domestic December sales at 72,997 units as against 66,307 units sold last year
Stocks to Watch Today: SBI too may be in focus after the PSU bank successfully raised Rs 10,000 crore via its maiden infrastructure bonds.
Suzuki holds a 56.37 per cent stake in Maruti Suzuki
Maruti Suzuki India (MSI) may increase its Manesar plant production capacity by one lakh units to cater to the enhanced demand before its Sonipat facility commences operations in 2025, a senior company official said. The country's largest carmaker may also look at expanding production capacity at its Gurugram-based manufacturing facility to cater to the rising demand for its products. Currently, MSI has a cumulative production capacity of 15 lakh units per annum at both Manesar and Gurugram plants. It additionally has access to 7.5 lakh units from parent Suzuki Motor's facility in Gujarat. The company has already commenced work at the new facility in Kharkhoda in Haryana. The plant is expected to be operational by 2025 with an installed production capacity of 2.5 lakh units in the first phase. "As of now, we have about 22.5 lakh capacity in Haryana plus Gujarat...And in times to come, we are in process of working on the Kharkhoda plant, which will be up and running in the year ...
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Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?
"The recall is being undertaken to replace ACUs, free of cost, in these vehicles," the company noted in a statement to BSE
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The recall is being undertaken to inspect and rectify incorrect marking of wheel rim size, if any, on the wheel in some of these vehicles, it added
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Maruti Suzuki India on Wednesday said its production witnessed a marginal increase last month. In a regulatory filing, the auto major reported total production of 1,69,692 units in February, compared to 1,68,180 units in the same month last year. "The shortage of electronic components had a minor impact on the production of vehicles during the month," it added. MSI said total passenger vehicle production stood at 1,65,672 units last month, against 1,65,783 units in February last year. Production of mini cars comprising Alto and S-Presso models stood at 24,285 units last month, compared to 28,213 units a year ago. Manufacturing of compact cars, comprising WagonR, Celerio, Ignis, Swift, Baleno and Dzire, however, increased to 95,968 units from 91,091 units in February 2021, MSI said. Production of utility vehicles -- Gypsy, Ertiga, S-Cross, Vitara Brezza and XL6 -- increased to 33,191 units last month from 32,501 units in the corresponding month of 2021. The company reported a dro
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5