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GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

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Auto - Cars & Jeeps News

  • Why insurers are uncomfortable with IRDAI diktat on disclosures

    Why insurers are uncomfortable with IRDAI diktat on disclosures  

    Even when voting decisions are put forward, large insurers take a neutral stand and abstain from voting or vote for the management. These activities will now have to be declared publicly along with reasons for it

    20 Jan 2017, 2.38 pm  |  Source: Moneycontrol.com

  • M&M acquires Turkish farm equipment co Hisarlar for Rs 127 crore

    M&M acquires Turkish farm equipment co Hisarlar for Rs 127 crore  

    The all-cash deal is expected to be completed in three months, M&M informed the bourses in a statement. M&M will acquire 1.42 billion shares of the Turkish company.

    20 Jan 2017, 10.39 am  |  Source: Moneycontrol.com

  • Sales of top 10 auto brands unfazed by demonetisation

    Sales of top 10 auto brands unfazed by demonetisation  

    As automobile industry came to terms with the aftereffects of demonetisation, 10 passenger car brands including the likes of Maruti Suzuki’s Swift, Hyundai's Grand i10 and Renault's Kwid showed resilience in November and Decembe...

    19 Jan 2017, 12.46 pm  |  Source: Moneycontrol.com

  • Maruti prices up but only due to hypothecation, registration fee

    Maruti prices up but only due to hypothecation, registration fee  

    Maruti Suzuki India Ltd, India’s largest passenger carmaker by volumes, has increased the prices of its vehicles but the rise is only on account of higher administrative charges like hypothecation and registration fees. The comp...

    17 Jan 2017, 10.57 am  |  Source: Moneycontrol.com

  • Get ready to vroom! These 50 cars will sizzle the road in 2017

    Get ready to vroom! These 50 cars will sizzle the road in 2017  

    After making merry in 2016 car makers ranging from budget king Maruti Suzuki to luxury leader Mercedes-Benz to sports car maker Porsche are leaving no stone unturned to lure new customers with a plethora of new launches.

    16 Jan 2017, 11.13 am  |  Source: Moneycontrol.com

  • Maruti aims at razing traditional segments, create new space

    Maruti aims at razing traditional segments, create new space  

    The company, which launched its premium urban compact vehicle IGNIS targeted at the millennials and priced between Rs 4.59 lakh and Rs 7.8 lakh (ex-showroom Delhi), said it is critical that the company was "alive to the present an...

    14 Jan 2017, 12.48 pm  |  Source: PTI

  • Maruti launches Ignis at Rs 4.59 lakh, sparks price war

    Maruti launches Ignis at Rs 4.59 lakh, sparks price war  

    Keeping the young as its primary target Maruti Suzuki, India’s largest passenger car maker, on Friday launched the much-awaited premium urban compact vehicle Ignis priced at an introductory price of Rs 4.59 lakh (ex-showroom, De...

    13 Jan 2017, 5.00 pm  |  Source: Moneycontrol.com

  • Maruti to unveil much-awaited Ignis today

    Maruti to unveil much-awaited Ignis today  

    The Ignis, which will be available in four trims spread over petrol and diesel engine options, will battle for space in the premium compact segment that is fast gaining popularity.

    13 Jan 2017, 9.00 am  |  Source: Moneycontrol.com

  • On track to meet double-digit growth target for the year: Maruti

    On track to meet double-digit growth target for the year: Maruti   

    The first unit in Gujarat will start production and sales by next month, said Maruti Suzuki Chairman RC Bhargava.

    11 Jan 2017, 10.08 pm  |  Source: CNBC-TV18

  • M&M`s Pawan Goenka expects normalcy in auto sector by March-end

    M&M's Pawan Goenka expects normalcy in auto sector by March-end   

    While demonetisation has hit the auto industry, Mahindra & Mahindra’s captain Pawan Goenka made no bones about the segment returning to normalcy by the end of FY17. Alluding to a positive impact of monsoon and a faster-than-expe...

    11 Jan 2017, 5.02 pm  |  Source: CNBC-TV18

  • H1B situation could become India’s Y2K moment: Anand Mahindra

    H1B situation could become India’s Y2K moment: Anand Mahindra   

    The H1B issue could be looked at as an opportunity as well, as Indian IT companies' margins improve with the expectation that offshoring increases, says Mahindra from the sidelines of the Vibrant Gujarat Summit 2017.

    10 Jan 2017, 1.21 pm  |  Source: CNBC-TV18

  • Maruti opens online booking for upcoming model Ignis

    Maruti opens online booking for upcoming model Ignis  

    "India's largest passenger vehicle maker opens online booking for #IGNIS, the premium urban compact vehicle, for the millennials," the company said in a statement.

    04 Jan 2017, 2.42 pm  |  Source: PTI

  • Gujarat plant to cut waiting period for Baleno, Brezza: Maruti

    Gujarat plant to cut waiting period for Baleno, Brezza: Maruti  

    At present, the two models have a waiting period ranging between 20-24 weeks depending upon the variants.

    03 Jan 2017, 2.50 pm  |  Source: PTI

  • India resilient but see contraction for 3-6 mnths:Richard Jerram

    India resilient but see contraction for 3-6 mnths:Richard Jerram   

    Speaking to CNBC-TV18 Richard Jerram of Bank Of Singapore said that there was a definite impact on the economy from the demonetisation.

    03 Jan 2017, 8.31 am  |  Source: CNBC-TV18

  • Demonetisation blues: Mixed bag for automobile sales in Dec

    Demonetisation blues: Mixed bag for automobile sales in Dec  

    Reflecting challenges faced by automobile industry in the wake of demonetisation, auto majors Hyundai Motor India, Mahindra & Mahindra and Ford India today reported decline in their domestic sales in December.

    02 Jan 2017, 6.24 pm  |  Source: PTI

  • Hero to benefit from rural recovery first; like Maruti: LKP Sec

    Hero to benefit from rural recovery first; like Maruti: LKP Sec   

    Speaking on specific companies, Ashwin Patil of LKP Securities believe that Maruti Suzuki will see momentum retune in future with line-up of new models. Maruti saw a 1 percent decline in sales in December.

    02 Jan 2017, 1.46 pm  |  Source: CNBC-TV18

  • M&M Dec auto sales drop 4% but tractor segment shows 9% growth

    M&M Dec auto sales drop 4% but tractor segment shows 9% growth  

    Utility vehicle and tractor maker Mahindra and Mahindra (M&M) said auto sales declined 4 percent year-on-year to 36,363 units in December as passenger vehicle sales degrew 8 percent due to currency demonetisation.

    02 Jan 2017, 1.35 pm  |  Source: Moneycontrol.com

  • Maruti sales decline 1% at 1,17,908 units in Dec

    Maruti sales decline 1% at 1,17,908 units in Dec  

    Country's largest car maker Maruti Suzuki India (MSI) today reported 1 per cent decline in total sales at 1,17,908 units in December 2016 as against 1,19,149 units in the year-ago period.

    01 Jan 2017, 12.46 pm  |  Source: PTI

  • Post cash ban, auto sector to see sharp decline in Dec: report

    Post cash ban, auto sector to see sharp decline in Dec: report  

    Auto sector is likely to witness decline in December wholesale figure with the rural retail market suffering a double-digit fall as compared to its urban counterpart due to liquidity crunch post demonetisation, says a Nomura repor...

    29 Dec 2016, 4.02 pm  |  Source: PTI

  • Motown`s Dec sales in slow lane, rural India faces worst hit

    Motown's Dec sales in slow lane, rural India faces worst hit   

    Sharp fall in retail and inventory de-stocking will hit the wholesale market, Nomura said in a note. Medium & heavy vehicles are likely to be impacted most and a 30 percent drop in the segment is possible.

    29 Dec 2016, 12.37 pm  |  Source: CNBC-TV18

  • After dangal with demonetization, 100% auto loans to fuel sales

    After dangal with demonetization, 100% auto loans to fuel sales  

    Everybody is now going for finance with very few choosing cheque or an online option. People are now scared that making any down payment, even if it is cheque, could attract scrutiny of the income tax department, says an auto deal...

    29 Dec 2016, 12.11 pm  |  Source: Moneycontrol.com

  • M&M to hike vehicle prices by up to Rs 26,500 from January

    M&M to hike vehicle prices by up to Rs 26,500 from January  

    The ex-showroom prices of its small commercial vehicles (up to 3.5 tonnes) would also increase in the range of Rs 1,500 to Rs 6,000 from January, he added.

    25 Dec 2016, 1.42 pm  |  Source: PTI

  • MSI to get 10K Balenos from Suzuki`s Gujarat plant this fiscal

    MSI to get 10K Balenos from Suzuki's Gujarat plant this fiscal  

    Suzuki has envisaged a total investment of around USD 1,400 million on the plant which will house two vehicle assembly lines of 2.5 lakh units per annum each and an engine plant. It will roll out Baleno from the first assembly lin...

    25 Dec 2016, 11.18 am  |  Source: PTI

  • Maruti retail sales slump 20% in Oct-Nov post demonetisation

    Maruti retail sales slump 20% in Oct-Nov post demonetisation  

    Country's largest carmaker Maruti Suzuki today said its retail sales declined by 20 per cent in the October-November period, compared to the same period last year, as cash crunch following scrapping of high-value notes led to ...

    23 Dec 2016, 7.00 pm  |  Source: PTI

  • Maruti to invest Rs 3,800 cr on Rohtak R&D centre

    Maruti to invest Rs 3,800 cr on Rohtak R&D centre  

    "We have already setup testing and crash facilities. We have invested about Rs 1,700 crore till March 2016. Now we are setting up more facilities with in the centre and by 2019 we will be putting another investment of around Rs 2,...

    23 Dec 2016, 7.00 pm  |  Source: PTI

  • Ignis to target millennials; small cars need enabling tax:Maruti

    Ignis to target millennials; small cars need enabling tax:Maruti   

    Ignis is an urban premium compact targeted at the millennials, said RS Kalsi, ED-Mkting & Sales, Maruti Suzuki India.

    21 Dec 2016, 8.40 am  |  Source: CNBC-TV18

  • Mahindra & Mahindra arm forms JV with state-run MSTC

    Mahindra & Mahindra arm forms JV with state-run MSTC  

    Mahindra & Mahindra today said one of its arms has formed a joint venture with state-owned MSTC for scrapping of old automobiles and other white goods.

    17 Dec 2016, 3.16 pm  |  Source: PTI

  • Mahindra & Mahindra Q2 net up 27% at Rs 1,163 cr

    Mahindra & Mahindra Q2 net up 27% at Rs 1,163 cr  

    The company had posted standalone net profit of Rs 915.38 crore in the same quarter last fiscal, M&M said in a BSE filing.

    11 Nov 2016, 2.52 pm  |  Source: PTI

  • Gujarat plant will boost Maruti Suzuki`s profits: RC Bhargava

    Gujarat plant will boost Maruti Suzuki's profits: RC Bhargava   

    Lower promotion expense and higher other income have boosted Maruti Suzuki’s profits in the second quarter of FY17 ended September 2016. The carmaker’s management believes profits will increase once operations at its Gujarat p...

    27 Oct 2016, 5.42 pm  |  Source: CNBC-TV18

  • Maruti Suzuki Q2 profit jumps 60%, margin expands 80bps to 17.3%

    Maruti Suzuki Q2 profit jumps 60%, margin expands 80bps to 17.3%   

    India's largest car manufacturer Maruti Suzuki's quarterly earnings surpassed analysts' expectations with profit rising sharply by 60.2 percent year-on-year to Rs 2,398 crore. It was boosted by other income, operational income and...

    27 Oct 2016, 1.14 pm  |  Source: Moneycontrol.com

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