Auto majors Maruti Suzuki and General Motors India have increased the prices of various models by up to Rs 17,000 to offset rising input costs and the impact of currency fluctuation.
PINC Research has come out with its report on automobile monthly sales update. The research firm is positive on the two wheeler industry and recommends to buy Bajaj Auto and accumulate Hero MotoCorp (HMCL), in its January 04, 2012 research report.
Maruti Suzuki's total vehicle sales in November tumbled 18.5% year-on-year to 91,772 units, as a huge drop in sales of its mini cars and vans, offset a rise in sales of its super compact and mid-size cars.
Thinking of buying a car? Well there are discounts galore in the market. For instance, Hyundai Motor will pay for 200 litres of petrol if one buys a base version of Hyundai i20. There is free insurance and extended warranty on Hyundai’s i10.
Maruti Suzuki volumes, profitability and brand image has taken a severe beating, reports CNBC-TV18's Swati Khandelwal Jain.
Nissan is hoping for a bright future in India with the launch of its new sedan, the Sunny, which is very competitively priced at Rs 5.78 lakh. But the company is looking to bask in the limelight longer with the launch of its low-end small car, which it will be developing along with Renault, reports Swati Khandelwal Jain of CNBC-TV18.
After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.
India’s largest passenger car maker, Maruti Suzuki is struggling to ramp up exports, especially due to sluggish growth in Europe, even as it looks at newer markets to sell its cars. Company officials say the company would see a flat growth in exports this year.
With the domestic auto market going on a downhill slide, Tata Motors and Maruti Suzuki have cut production as the automobile industry braces up for a single digit sales growth this fiscal.
India's second largest car-maker, Hyundai India, wants more and while the top spot will not be unwelcome, it's primary focus now is to consolidate its position, by strengthening its offering across segments, especially a sub-2 lakh rupee car, reports CNBC-TV18's Swati Khandelwal Jain.
Maruti Suzuki needed to quickly increase production to catch up with a spurt in demand for cars. Here’s how M M Singh did it
Alto is Suzuki’s best-selling name plate, the car that has raked in the most volumes for the Japanese manufacturer. But it wasn’t until 2005 that it became India’s best-selling name plate.