August domestic sales at Maruti Suzuki fell 34.3%, one of the biggest monthly drops in sales in recent times.
Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.05 percent loss or 6 points. Nifty futures were trading around 11,116-level on the Singaporean Exchange.
The company said it employed 18,845 temporary workers on average during the six months ended June 30, down 6 percent, or 1,181 people, from the same period last year, adding that job cuts had accelerated since April.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 18 points or 0.15 percent. Nifty futures were trading around 11,961-level on the Singaporean Exchange.
A decisive fall below 10,680 may trigger a bigger correction in the market. On the other hand, resistance is seen at 10,930.
The index has been making lower highs and lower lows which is not a strong sign for the bulls; hence, investors should tread cautiously in the next few days.
The facilities, christened DOJO centres, are training grounds for fresh workmen and re-skilling for existing workforce. Over 90 such centres are operational at the facilities of the company's partners, Maruti Suzuki India Ltd (MSIL) said in a statement.
"The Fed even is neutral to positive for the markets for the following reasons. a) relief that only two hikes are expected this year, and b) surprisingly the inflation number has not been revised upwards," VK Sharma, Head PCG and Capital Market Strategy at HDFC Securities told Moneycontrol.
The introduction of EVs is a must because otherwise, it would not be possible for India to grow its transportation only on the basis of fossil fuels, said RC Bhargava, Chairman, Maruti Suzuki.
Maruti Suzuki India Ltd (MSIL) on July 8 said its double digit growth target remains on track for the current fiscal despite production losses of 30,000 units in June owing to fire in one of its key vendor facilities at Manesar
Suzuki Motor Corp's 85-year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent.
Operating profit at Japan's fourth-biggest automaker fell 14 percent to 39.6 billion yen (USD 346.55 million) in the second quarter, far short of the 47.1 billion yen mean estimate of 12 analysts polled by Thomson Reuters I/B/E/S, also hit by a tough market in Southeast Asia.
CRISIL Research has come out with its reaction on SIAM data. As per the research firm, domestic sales of commercial vehicles have registered a modest growth of 4.7% during June 2012 and 6% for Q1 2012-13, after registering an 18% growth in 2011-12.
New car sales in Japan surged in March from a disaster-hit low last year, while global sales for South Korea's Hyundai Motor Co also grew as brisk overseas sales made up for a sharp drop at home.
Japan's Suzuki Motor Corp forecast a 2.9% rise in annual operating profit on Thursday even as the March 11 earthquake forced a limited start to production and demand slows in its key Indian market.