Carmakers are rushing to make EVs, but not Maruti; it believes these won't make sense till battery technology, charging infra and financing improve in India
The company produced a total of 92,540 units in March as against 136,201 units in the year-ago month, the auto major said
Maruti's stock price has risen more than 10 per cent with significant rise in volumes
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
Auto sales decline by 64% as manufacturers shut down to prevent spread of coronavirus
Export sales were down 55 per cent to 4,712 units from 10,463 in the year-ago period
Shares of the company were trading at Rs 4,453 apiece, 4.15 per cent lower than their previous close on BSE
Maruti Suzuki India (MSI), the country's largest carmaker, said it was suspending production at its facilities in Haryana "till further notice"
Maruti Suzuki India, Mahindra, Tata Motors, Toyota Kirloskar Motor, and Renault India have already stated they would pull the plug on smaller diesel variants
Firm says it had begun upgrading its engines to BS VI in 2016 after Govt announced the 2020 deadline. At that time, Indian auto sector hadn't even shifted to BS IV completely
Tiguan Allspace was launched in Mumbai on Friday, barely two weeks before the introduction of the company's second SUV for the year
The company increased production of its mini cars comprising Alto, and S-Presso by 5.16 per cent at 29,676 units as against 28,221 units in the year-ago month.
HDBFS has a network of over 1,425 branches in 1,038 towns and cities
Automobile major Maruti Suzuki India reported a 1.1% YoY fall in its total sales in February at 1,47,110 units
The shift to an all-petrol portfolio is unlikely to dent the firm's share
Domestic sales dropped 1.6 per cent to 1,36,849 units last month as against 1,39,100 units in February 2019
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"I am not defending, I am charging. We are charging anytime. If they are good products, we try to chase them," MSI Managing Directror and CEO Kenichi Ayukawa said.
Ertiga S-CNG, which offers a mileage of 28.06 km/kg is second BS VI compliant S-CNG vehicle and the only MPV with factory-fitted CNG in the country, from Maruti Suzuki, the company said.