The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Thursday said its entry level small car Alto has crossed the cumulative sales milestone of 40 lakh units. Launched in September 2000, Alto has been the best most selling car for 16 consecutive years in India, the company said in a statement "Alto is the preferred choice of Indian car buyers with 76 per cent of Alto customers choosing it as their first car," it added. Commenting on the feat, MSIL Executive Director (Marketing & Sales) Shashank Srivastava said,"Alto has been ranked as the No 1 selling car in India for 16th year in a row and we are immensely proud to announce another remarkable milestone of 40 lakh cumulative sales. This has become a sales record never achieved by any other Indian car." Over the years, he said, the brand Alto has established a strong emotional connect with the customers and has become a strong symbol of pride. "Alto is India's first entry level car to become BS-VI compliant coupled with
This is a clear indication that people are rushing to buy new cars as the coronavirus-induced lockdown eases, and opting for private transport to maintain social distancing
Firm sees social distancing norms as a hindrance to productivity as well
Business Standard brings to you the top headlines of the day
The country's largest carmaker Maruti Suzuki India and Mahindra & Mahindra on Wednesday reported rise in their domestic sales in December, even as Hyundai and Totoya posted negative growth. Beating the year-end blues Maruti Suzuki India (MSI) said its domestic sales were at 1,24,375 units in December as against 1,21,479 units in the same month a year ago, registering a growth of 2.4 per cent. The company said its compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire recorded sales of 65,673 units last month as compared to 51,346 units in December 2018, a growth of 27.9 per cent. Sales of utility vehicles, including Gypsy, Ertiga, XL6, S-Cross and Vitara Brezza, were at 23,808 units as compared to 20,225 units in the same month in 2018, a growth of 17.7 per cent. However, the mini segment comprising Alto, S-Presso and Old WagonR witnessed a decline of 13.6 per cent at 23,883 units as compared to 27,649 units in December 2018. Mahindra & Mahindra also ...
Primary steel producers in the domestic market have raised product prices by 2.5 to 3 per cent for December to address margin compression and in anticipation of a demand pick-up
Benchmark indices ended Friday's volatile session on a flat note with positive bias.
Domestic sales declined by 36.3 per cent at 98,210 units last month as against 1,54,150 units in the year ago month
Escorts, Force Motors, Maharashtra Scooters, VST Tillers, Eicher Motors, Atul Auto, Amara Raja Batteries, Exide Ind, Motherson Sumi Systems and Minda Ind were down 10% to 28% in past one month.