Archive for July 5th, 2007

High interest rates hurting vehicle sales: Maruti

India’s top car maker, Maruti Udyog Ltd, will find it hard to match its record sales of 2006/07, a senior company official said on Thursday.

Maruti, which has nearly half of India’s market for mostly small cars, is also launching more premium vehicles in a bid to shift consumers to higher-margin vehicles. More
Courtesy:economictimes.indiatimes.com

Maruti launches SUV- ‘Grand Vitara’

Maruti Udyog Ltd launches on Thursday its sports utility vehicle (SUV) ‘Grand Vitara’
at a starting price of Rs 13.80 lakh (ex-showroom) in Delhi.

The company has launched two variants of the SUV - manual transmission and automatic transmission.
The automatic transmission variant will be available for Rs 14.8 lakh (ex- showroom price Delhi).
More
Courtesy:economictimes.indiatimes.com

Toyota Kirloskar eyes 15 pc passenger vehicles mkt

Toyota Kirloskar Motors on Thrusday said it expects to corner about 15 per cent of passenger vehicles market in India with sales of about 600,000 units by 2015.

“Our plan for future in India is to have 10 per cent of the passenger vehicles market by 2010 and increase it to 15 per cent by 2015,” company Managing Director Atsushi Toyoshima told reporters here on the sidelines of a CII and Japan Management Association function. More
Courtesy:economictimes.indiatimes.com


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