The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package
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During the probe, Maruti - which has more than 50 per cent share of India's car market - told the regulator that it imposed no such policy and that the dealers were free to offer any discounts
CCI has asked Maruti to 'cease and desist' from indulging in such practices and asked the company to deposit the fine within 60 days
"I don't think it is the right time (to implement) the new stage of CAFE (Corporate Average Fuel Efficiency) norms," MSI Chairman R C Bhargava told PTI
The carmaker's production declined for the third consecutive year in financial year 2020-21 to an 11-year low
Business Standard brings you the top headlines on Thursday
State's plants which produce popular models like Baleno, Swift will shut production for 3 days, cut shift timings
The performance in the next three quarters largely depends on how effectively all our citizens follow the government's advice to get vaccinated and observe safety protocols, says R C Bhargava
Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
Commodity super cycle to hit margins, says carmaker
Business Standard brings you the top headlines on Wednesday
Weak volumes, commodity costs weigh on margins
Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday
IndiGo posted its highest ever quarterly loss of Rs 3,174.17 crore during the April-June period
Analysts estimate the income to rise in the range of 340 to 353 per cent year-on-year (YoY) and decline 22 to 25 per cent QoQ, up to Rs 18,619 crore
Maruti Suzuki India (MSI) on Friday said its premium sales network Nexa has crossed 1.4 mn sales milestone in six years of coming into existence
The country's largest carmaker Maruti Suzuki India on Wednesday said it has crossed the 50 lakh cumulative sales milestone in rural markets of India. With over 1,700 customised outlets in rural parts of the country, nearly 40 per cent of the total MSIL sales come from rural markets today, Maruti Suzuki India Ltd (MSIL) said in a statement. The company's total sales in the April-June period of this fiscal stood at 3,53,614 units. In fiscal 2020-21, it had sold a total of 14,57,861 units, down from 15,63,297 units sold in 2019-20. Commenting on the feat, MSIL Senior Executive Director (Marketing & Sales) Shashank Srivastava said, "We are proud to announce that with the support from our customers and local dealer partners, we have achieved 50 lakh sales in rural India cumulatively." Stating that rural markets have a very special place in the company's business, he said, "over the years, we have carefully studied the needs of this segment... We remain committed to deliver products and
The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after government subsidies are taken into account,