Net Sales are expected to decrease by 14 percent Y-o-Y (down 9.9 percent Q-o-Q) to Rs. 19,324.5 crore, according to Kotak.
Suzuki has been trying to develop affordable EVs for India on its own and will head the development of its second EV.
Net Sales are expected to decrease by 14.9 percent Y-o-Y (down 11 percent Q-o-Q) to Rs. 19,105.4 crore, according to Prabhudas Lilladher.
The top gainers from NSE include YES Bank which jumped 5 percent followed by HCL Tech, Bharti Infratel, TCS and Tech Mahindra while the top losers are ONGC, Hero MotoCorp, Bajaj Finance, Indian Oil Corporation and State Bank of India.
Total passenger vehicle production stood at 1,09,641 units last month, down 16.34 percent from 1,31,068 units in June 2018
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 51 points or 0.43 percent. Nifty futures were trading around 11,766-level on the Singaporean Exchange.
The auto major cut production of mini segment vehicles, including models like Alto, by 48.2 percent to 15,087 units last month as against 29,131 units in the year-ago period.
The new price will be effective from June 20, it said.
The company is expected to place the S-Presso between the Alto K10 and Wagon R.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 17.5 points or 0.15 percent. Nifty futures were trading around 11,902-level on the Singaporean Exchange.
Maruti Suzuki also seems to have increased the Ertiga’s ground clearance, perhaps to enhance is off-road capabilities.
The company cut production of mini segment vehicles by 42.29 percent to 23,874 units last month as against 41,373 units in the year-ago period.
The Glanza comes equipped with features such as touchscreen audio with Android Auto and Apple CarPlay for smart phone based navigation.
The auto major was associated with other major events like Autocross Championship.
The SUV is getting a style upgrade and includes additions like body graphics, a leather steering wheel cover.
The CCI is looking into allegations that Maruti forces its dealers to limit the discounts they offer, effectively stifling competition among them and harming consumers who could have benefited from lower prices if dealers operated freely.
Kotak Mahindra is seeing resilience amid correction. Maruti Suzuki and ICICI Bank may correct in the near term.
Vaibhavi Khanwalkar chats with Moneycontrol's Swaraj Baggonkar to find out the reasons behind this outlook and what the company is doing to combat the dip in sales
Vaibhavi Khanwalkar chats with Moneycontrol's Swaraj Baggonkar to find out why the largest carmaker in the country has taken this step.
The company has launched a stripped down version of one of its largest-selling models Alto to cater to the taxi segment called Alto H1
The vehicle is rumoured to be ready for launch and could be a Nexa exclusive.
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Vaibhavi Khanwalkar gets in a conversation with Moneycontrol's Swaraj Baggonkar to find out why the car makers are looking to cut discounts.
Maruti Suzuki said the average discount per vehicle offered to its dealers dipped to Rs 15,125 during Q4 from Rs 24,300 in Q3