Archive for the 'Maruti Suzuki' Category

Swift becomes fastest selling car model in India

Country’s largest carmaker Maruti Suzuki’s runaway success with ‘Swift’ has crossed a new milestone in sales - two lakh units - with the car becoming one of the fastest selling models in India since its launch three years ago to achieve this feat. More
Courtesy: economictimes.indiatimes.com

Car sales gain momentum in April

The domestic auto market is showing signs of revival thanks to the 4 percentage point cut (400 bps) in excise duty on cars and two-wheelers announced in February. April witnessed a jump of more than 17 per cent in the car segment, while sales in the utility vehicle segment rose by 31 per cent, as compared with the corresponding month last year. Read more
Courtesy: www.indiacar.net

Pak Suzuki wants Euro-II compliant auto parts from India

Pak Suzuki Motor Company, Pakistan’s leading car assembler, is lobbying for permission to import Euro-II compliant auto parts from India at zero-rated duty in the face of stiff opposition from the local vendor industry. Read more
Courtesy: economictimes.indiatimes.com

Now, shop for car brands under one roof

Yes, a one-stop-shop to buy your dream car. The city will soon sport the country’s first shopping mall exclusively dedicated to cars of all brands right from a Maruti 800 to a Ferrari. Leading auto dealers in the city are coming together to set up this multi-brand car mall to be spread over 50-acres near the new Bengaluru International Airport. Read more
Courtesy: economictimes.indiatimes.com

Car makers set to scorch motown with new launches

It’s hot. Last year it almost touched 18. And this year it’s expected to go through the roof. New launches in motown are all set to ignore price hikes and the threat of an impending credit squeeze. With automakers bullish on new rollouts, this year promises to be a blockbuster for car lovers across the country. At the top-end fat cat segment of the automobile business, brands such as, Ferrari, Alfa Romeo, Lexus, Aston Martin and Maserati might finally make their Indian debut.

While at the more modest-end of the spectrum, a slew of domestic and international carmakers are waiting to unleash a few surprises. Auto firms such as, Fiat, Volvo, Hyundai, Maruti Suzuki, Volkswagen, Tata Motors, Honda Siel and Mitsubishi Motors are all in queue to yank the covers off their gleaming beauties. Read more
Courtesy: economictimes.indiatimes.com

Gujarat emerging as export hub for auto majors

Gujarat is poised to become a major auto export hub in the country with several vehicle manufacturers coming to the state to invest in its ports to set up automobile-handling terminals.

The Mundra port, developed by the Mundra Port and Special Economic Zone (MPSEZ), will have a car export terminal operational by the first quarter of 2009, a top official of the company, who spoke on condition of anonymity, told reporters. Read more
Courtesy: economictimes.indiatimes.com

Excise cuts in budget fuel gas into auto sector

Automobile manufacturers today reported an impressive growth in sales during April, showing signs of recovery after the excise duty cut announced in the budget.

Leading the growth in the car segment, country’s largest carmaker Maruti Suzuki India witnessed a healthy 22 per cent increase in sales, while Hero Honda, the market leader in the two-wheeler category, registered an over nine per cent jump in its sales for the month. More
Courtesy: economictimes.indiatimes.com

Get ready to pay more for your dream car

Your dream car is getting costlier. While car makers are increasing prices in May, financiers are hiking interest rates, leading to a steep increase in the cost of possession.

The increase may be in the range of Rs 4,000 for small cars to Rs 18,000 for deluxe ones. An increase in interest rates will result in an extra Rs 3,600 burden over a five-year finance deal for a Rs 1-lakh loan. Read more
Courtesy: economictimes.indiatimes.com

Maruti helps Suzuki post record profits

Suzuki Motor Corp reported a 12 per cent rise in annual operating profit on Thursday thanks to booming car sales in India, but it forecast a 6.3 percent drop for this year to factor in a sharp slide in the dollar.

The Japanese maker of compact cars expects operating profit to come to 140 billion yen ($1.35 billion) in the business year ending next March, when the sector faces massive currency-related losses, a spike in raw materials costs and softening demand in the West. More
Courtesy: economictimes.indiatimes.com

Maruti Suzuki to launch ‘world car’ from India by end-2008

Suzuki Motors’ next world car will come from its venture at Gurgaon, near Delhi, by the end of 2008, Shinzo Nakanishi, managing director of Maruti Suzuki India, has said.

“The new model will be launched by end-2008,” he said. “To begin with, we have plans to export 100,000 units of the new model annually to Europe and the rest of the world,” Nakanishi said in an interview. Read more
Courtesy: www.indiacar.net


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