Maruti Suzuki ruled out getting back into diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023
The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
To counter the rise in input costs, Maruti plans to hike prices across-the-board from September, making it the fourth such increase this year
Analysts estimate the income to rise in the range of 340 to 353 per cent year-on-year (YoY) and decline 22 to 25 per cent QoQ, up to Rs 18,619 crore
Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22
State-owned power giant NTPC has invited expression of interest (EoI) for the sale of desalinated water produced at its joint venture project NTECL Vallur in Tamil Nadu
The advance to decline ratio favoured bulls as nearly 2x stocks rose for every 1 stock that declined on the BSE
Amid skyrocketing prices of petrol and diesel, Maruti Suzuki India (MSI) is looking to cash in on the accelerated demand for its CNG vehicles, expecting nearly 50 per cent growth in the ongoing fiscal year, according to a senior company official. The company, which offers CNG options in eight models out of total 14 available in the Indian market, is also actively working to expand the portfolio. "This year CNG (vehicles) in the industry has grown almost 37 per cent at a time when the overall growth is negative (18 per cent decline) in April-January period. It means CNG is growing very well," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava told PTI. Explaining why the demand for CNG vehicles has gone up, he said as the prices of petrol and diesel as a fuel have gone up dramatically, the running costs have also increased. "The cost of running CNG is only Rs 1.5 per km whereas for petrol and diesel it is almost Rs 4 per km. People are now preferring ...
Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal
R C Bhargava says the government's attitude of increasing the ownership cost of cars is the main reason why sales have been going down
Khattar, a former IAS officer had joined then government-owned Maruti Udyog in 1999.
Domestic sales declined by 1.6 per cent at 143,686 units last month as against 1,46,018 units in November 2018
Negative operating leverage, driven by a sharp fall in volumes, weighed on profitability
Strategy will help expand reach, deploy surplus cash
Kazunari Yamaguchi, Kazuhiko Ayabe, and Toshiaki Hasuike have resigned from the board of the company with effect from July 26
The cause for Maruti's radical call was a combination of factors - weak growth forecasts, fuel price deregulation that has narrowed the gap between diesel and petrol, and stricter emission norms
Third line to be commissioned by April 2020, additional 250,000 cars a year to be rolled out
Domestic sales declined marginally at 1,47,613 units last month as against 1,48,582 units in the year-ago month
This year Dzire slipped to the fourth position selling 15,915 units as against 20,941 units in February last year.
Tiago and Santro are priced between Rs 3.9 lakh and Rs 5.64 lakh