The Center is pushing for electric vehicles aggressively highlighting the need to reduce dependence on traditional petrol, diesel and CNG-fired engines.
Top officials of Japanese car makers Toyota and Suzuki today held discussions with Prime Minister Narendra Modi on technological developments and business opportunities in India.
More and more auto makers are shying away from investing in small diesel engine technology owing to high development costs and dying consumer demand.
Both automakers, which said in October they were exploring a tie-up, said their boards would make a decision on the matter later in the day. The firms are also set to announce third-quarter earnings on Monday.
At present, the two models have a waiting period ranging between 20-24 weeks depending upon the variants.
Pakistan's car market has for decades been dominated by Japan's Suzuki, Toyota and Honda who have been accused of colluding to fix prices for lower-quality versions of their models.
Baleno and Vitara Brezza have had response far in excess of the company's expectations. The result has been waiting periods of 6-7 months, Bhargava said at the company's annual general meeting here today.
What more can a company do to spurt sales of its product? List it on Paytm. And that‘s exactly what Renault did with its fastest growing automotive brand Kwid. Renault is leaving no stone unturned to give its hatchback a lead over other carmakers.
The remarks from the Japanese small-car maker came in the wake of rival Mitsubishi Motors' shock admission last month that it had cheated on fuel-efficiency tests for decades.
Pakistan in March announced a new auto policy that favours potential new entrants over existing manufacturers by offering them lower duties, part of a strategy to attract foreign car makers and loosen the dominance of Suzuki, Toyota and Honda.
The 1,000-unit per annum domestic super premium bikes market is dominated by the American Harley Davison, the Japanese Honda and Yamaha and Suzuki, and also the European brand Triumph.
"We would like to almost double our volumes by 2020. We are aiming to sell around 1,700 to 1,800 bikes by that time," Triumph Motorcycles India Managing Director Vimal Sumbly said.
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The recall affects 15 models from the 2008 to 2012 model years. The company says in documents filed with US safety regulators that the problem was traced to a circuit board in the charging system.
Maruti Suzuki says the first line of project in Gujarat will get commissioned in early 2017. Total investment into the Gujarat plant will be to the tune of Rs 18,500 crore
IiAS's open letter to shareholders says that if the resolution is passed, then the shareholders of Maruti would be subservient to Suzuki‘s shareholders.
In an interview with CNBC-TV18, Amit Tandon, MD at IiAS says that Suzuki‘s proposal of opening a manufacturing plant at Gujarat will hamper with Maruti‘s operations.
The total income during the quarter grew by 19 percent, at Rs 651.7 crore against Rs 545.6 crore the same quarter of the previous fiscal.
Suzuki's much awaited compact crossover was unveiled at the Tokyo motor show in the form of the next generation Suzuki Ignis.
The move, aimed at insulating the company from foreign exchange fluctuations, is likely to result in an average royalty rate of 5 percent of net sales as compared to 5.6 to 6 percent for the existing models, which are paid in yen.
Maruti Suzuki India's board is likely to take up this week finalisation of dates for voting by minority shareholders to allow parent Suzuki to own and invest in the upcoming Gujarat plant. The board of country's largest carmaker is also scheduled to meet on October 27 for consideration of its second quarter financial results among others.
Royalty Flows In Suzuki‘s Blood
The company, which is the second largest car maker in India, eyes 1 percent growth in its market share each year during the period.
Japan's small car major Suzuki Motor Corporation (SMC) plans to launch around 15 new models in India in the next five years to aid its arm Maruti Suzuki achieve target of selling two million units annually by 2020.